- The document discusses global investment trends among Indian HNIs (high net worth individuals) from 1947 to the present. - It notes the rise in the number of Indian HNIs and the increasing amounts and types of outbound investments from India over time, especially since the mid-2000s. - The speaker argues that Indian professionals should provide expertise to HNIs on opportunities for residency, citizenship, education, and investments abroad in order to better serve clients and seize new professional opportunities.

1. Speaker:
Prashant Ajmera (Advocate)
prashant@ajmeralaw.com www.ajmeralaw.com
AJMERA LAW GROUP
GLOBAL INVESTMENT ADVISORS

3. • Period – 1947 to 1993 – Pre liberalization
• Period – 1993 to 2007 – Inbound investments
• Period 2007 to Present- Inbound & Outbound Investments
Currency restrictions – RBI - FEMA
• 1988 – $500 US per foreign trip
• 2019 – $250,000 US per person / per year
• 2007 – 152 ,000 HNIs in India
• 2015 – 236,000 HNIs in India
• 2018 – 430,000 HNIs in India
• 2023 – 860,000 HNIs in India

4. • Investments made outside of India in US$ millions
• 2006-07 – 72.8
• 2007-08 – 440
• 2008-09 – 808
• 2009-10 – 983
• 2010-11 – 1153
• 2011-12 – 1001
• 2012-13 – 1206
• 2013-14 – 1093
• 2014-15 – 1325
• 2015-16 – 4642
• 2016-17 – 8107
• 2017-18 – 11333
• 2018-19 – 13876
Investment in 2017-18
(i) Deposits - 414.9
(ii) Property – 89.6
(iii) Debt / equity - 441.8
(iv) Gift – 1169.7
(v) Donations - 8.5
(vi) Travel - 4022.1
(vii) Close Relative – 2939.4
(viii)Medical - 27.5
(ix) Study - 2021.4
(x) Others – 200.6
Opportunity
for all
professions

5. • Remittance made outside of India in US$ millions
Outward Remittances under the Liberalized Remittance Scheme (LRS) for Resident Individuals IN US$
Item 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
1 Outward Remittances under the LRS 1,206.4 1,093.9 1,325.80 4,642.6 8,170.7 11,333.6 13,787.6
1.1 Deposit 20.1 31.6 51.4 109.9 283.8 414.9 455.9
1.2 Purchase of immovable property 77.7 58.7 45.5 90.8 92.9 89.6 84.5
1.3 Investment in equity/debt 236.9 165.5 195.5 317.9 443.6 441.8 422.9
1.4 Gift 261.6 267.1 403.5 533.0 749.5 1,169.7 1,370.2
1.5 Donations 4.5 2.0 3.2 3.9 8.8 8.5 8.7
1.6 Travel 44.8 15.9 11 651.4 2,568.0 4,022.1 4,803.8
1.7 Maintenance of close relatives 226.6 173.9 174.4 1,372.1 2,169.5 2,937.4 2,800.9
1.8 Medical Treatment 4.9 4.7 7.2 17.2 17.3 27.5 28.6
1.9 Studies Abroad 124.7 159.3 277.1 1,200.0 1,536.4 2,021.4 3,569.9
1.10 Others 204.1 215.3 157.1 346.4 300.8 200.6 242.2
Note : 1.10: Include items such as subscription to journals, maintenance of investment abroad,
student loan repayments and credit card payments.

7. Employment-
based
All Chargeability
Areas Except
Those Listed
CHINA-
mainland
born
EL SALVADOR
GUATEMALA
HONDURAS
INDIA MEXICO PHILIPPINES VIETNAM
EB-1 22APR18 08MAY17 22APR18 01-JAN-15 22APR18 22APR18 22APR18
EB-2 C 01NOV16 C 24-APR-09 C C C
EB-3 C 01JAN16 C 01-JUL-09 C C C
Other Workers C 22NOV07 C 01JUL09 C C C
4th C C 01JUL16 C 01JUL16 C C
Certain Religious
Workers
C C 01JUL16 C 01JUL16 C C
EB-5 Non-
Regional Center
(C5 and T5)
C 01OCT14 C 01-MAY-17 C C 01OCT16
EB-5 Regional Center
(I5 and R5)
C 01OCT14 C 01-MAY-17 C C 01OCT16
July 2019 visa bulletin
Due to this delay, sudden rise in EB-5 in India

8. 1. Student studies in a college, not a university and hence
acquiring residency becomes difficult
2. Studying in a program which does not lead to residency
3. Student returns to India with -
(i) Huge study cost/debt or
(ii) Becomes an illegal immigrant or
(iii) Does odd jobs to survive
Why we are facing this situation?

9. Residency & Citizenship by Investment

10. Residency &
Citizenship by
Investment

11. • Residency to Citizenship:
• USA, Canada, UK, Australia, New Zealand
• Direct Citizenship:
• Caribbean Islands –> St. Kitts & Nevis, St. Lucia, Antigua &
Barbuda, Grenada, Dominica
• Residency: Europe
• Portugal, Spain, Malta, Cyprus, Greece, Bulgaria
• Citizenship: Europe
• Cyprus, Malta, Bulgaria, Moldova - Turkey in ME

12. • CNBC -Here are the places where millionaires are
moving
• HUFFPOST - Thousands of millionaires are moving
to THIS country — and leaving another
• CNN Money - Where millionaires are moving:
Australia tops the list
• Times of India - Countries where the world’s
millionaires want to move to
• Investopedia - Where millionaires are moving
(and why)

14. 1. Indian HNIs want their children to study abroad
• Early planning can save up to 80% in tuition fees,
assured immigration and many other benefits
2. International Properties
• London is new Lonawala &
Madrid is new Mahableshwar
4. International - Investment in stock markets
3. Businesspersons – Exporters and their advantage

15. • Indian professionals do not take enough interest
• Limited and basic advice from immigration
consultants and visa agents
• Lack of knowledge and hence lack of trust
• No professionals with real expertise and know-how

16. Travel agents , student visa consultants & foreign
professionals are taking advantage
NEW OPPORTUNITIES
1. Lawyers
2. Wealth managers and financial planners
3. Stock brokers
4. Estate planners
5. Taxation experts
6. Property dealers

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22. Thank you for your time
Q & A
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