Latest news with #RohitBhardwaj
National Post
19-06-2025
- Business
- National Post
Chemtrade Logistics Income Fund Declares June 2025 Distribution
Article content TORONTO — Chemtrade Logistics Income Fund (TSX: today announced that it has declared a cash distribution of $0.0575 per unit for the month of June 2025 payable on July 31, 2025 to unitholders of record at the close of business on June 30, 2025. Article content Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund. Article content Article content Article content Article content Article content Article content Contacts Article content For further information: Article content Rohit Bhardwaj Chief Financial Officer Tel: (416) 496-4177 Article content Article content
Economic Times
31-05-2025
- Business
- Economic Times
Latvia here we come! Rich Indians' ticket to Europe
Live Events Mumbai: They don't belong to the club of the ultra-rich who pick a pricey passport of the Global North. They neither feature in the cast of serious characters snooping around for citizenship of a Caribbean or South Pacific nation, to escape the law enforcement authorities in India. They are IT professionals, exporters, physicians, and entrepreneurs - a reasonably affluent lot-looking for a free access and foothold in Europe without surrendering their Indian citizenships or shelling out big money on fancy migration of them are opting for Latvia, the Baltic country which has joined the game of golden visa in full earnest-positioning itself as the cheapest gateway to the continent. "As of 2024, Indian nationals may account for approximately 10% of all applications to Latvia 's 'Residence by Investment' programme. Following Latvia's 2022 exclusion of Russian and Belarusian applicants, there has been a noticeable shift in the nationalities of applicants and we have seen a rise in demand from Indian families," said Rohit Bhardwaj, country head, India at Henley & Partners which offers investment migration Indians, keen on a plan-B with their children settling abroad, have changed residency with the intention of eventually becoming a citizen of countries like Portugal, Greece, Cyprus, and UAE that levies no personal income tax. The trend deepened with the pandemic, driving many to move wealth and buy jumbo life insurance plans in overseas jurisdictions.(Join our ETNRI WhatsApp channel for all the latest updates)"I would attribute the increased interest in Latvia to two factors: first, the low cash outflow at entry-only ₹60,000 plus fees compared to ₹500,000 for most other European countries; second, faster processing time. Programmes like the Portugal Golden Visa, though superior, have done themselves no favour by changes in rules and long bureaucratic delays," said Vikas Tandon, who had successfully applied for Portuguese golden visa in 2020, and founded the company Golden Homes Portugal, using his expertise to advise investment going into private companies identified by Latvian authorities is a sunk cost, with no voting rights and only half of which can be recovered if the visa is relinquished. Instead, some buy homes which would cost ₹250,000. "Latvia supports both routes, with clear legal frameworks and minimal bureaucratic hurdles. While investing in foreign companies involves additional disclosures and compliance with regulations like reporting of ODI, the strategic benefits outweigh the procedural formalities," said Moin Ladha, partner at Khaitan & Co. Under India's forex laws, Indian nationals can invest abroad, including capital and current account to Armand Arton, CEO of Arton Capital, a citizenship investment advisory, the majority of its clients interested in accessing the Latvia programme are Indian citizens. "We've observed a 30% year-on-year increase in Indian inquiries since 2023. Many are entrepreneurs and SME owners who desire EU access without high costs associated with Germany or the Netherlands. With several EU nations increasing minimum investment thresholds, or closing programmes, Latvia offers the freedom to live, travel, and work at an attractive price point," said Arton. A few plan to settle at Riga after retirement, said Anurag Manakikar, associate director at Henley, who advised a senior corporate the programme has been there for long, there has been greater awareness as people looked around for options, said Manakikar. What also stoked interest was the high rejection in Schengen visa applications and absence of minimum stay requirement in Latvia."However, to derive real benefit, a person has to reside or settle in Latvia or any other preferred country. If someone continues to reside in India, he would remain a resident here under the Income Tax Act and FEMA. So, benefits would be confined to non-requirement of visa in Europe," said Rajesh Shah, partner at the CA firm Jayantilal Thakkar & Company.A property investment in Dubai for a UAE Golden visa could work better if tax is the sole consideration for anyone planning to become an NRI. Unlike Portugal's Golden Visa, which requires a minimum stay of only 15 days every 2 years to become eligible for an EU passport (after only 5 years since date of application), a Latvian passport requires becoming a physical resident for almost a decade. Nonetheless, for many, Latvia's low cost is the pull factor.
Time of India
30-05-2025
- Business
- Time of India
Latvia here we come! Rich Indians' ticket to Europe
Mumbai: They don't belong to the club of the ultra-rich who pick a pricey passport of the Global North. They neither feature in the cast of serious characters snooping around for citizenship of a Caribbean or South Pacific nation, to escape the law enforcement authorities in India. They are IT professionals, exporters, physicians, and entrepreneurs - a reasonably affluent lot-looking for a free access and foothold in Europe without surrendering their Indian citizenships or shelling out big money on fancy migration programmes. Settling Abroad Some of them are opting for Latvia, the Baltic country which has joined the game of golden visa in full earnest-positioning itself as the cheapest gateway to the continent. "As of 2024, Indian nationals may account for approximately 10% of all applications to Latvia 's 'Residence by Investment' programme. Following Latvia's 2022 exclusion of Russian and Belarusian applicants, there has been a noticeable shift in the nationalities of applicants and we have seen a rise in demand from Indian families," said Rohit Bhardwaj, country head, India at Henley & Partners which offers investment migration advisory. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Wealthy Indians, keen on a plan-B with their children settling abroad, have changed residency with the intention of eventually becoming a citizen of countries like Portugal, Greece, Cyprus, and UAE that levies no personal income tax. The trend deepened with the pandemic, driving many to move wealth and buy jumbo life insurance plans in overseas jurisdictions. (Join our ETNRI WhatsApp channel for all the latest updates) "I would attribute the increased interest in Latvia to two factors: first, the low cash outflow at entry-only ₹60,000 plus fees compared to ₹500,000 for most other European countries; second, faster processing time. Programmes like the Portugal Golden Visa, though superior, have done themselves no favour by changes in rules and long bureaucratic delays," said Vikas Tandon, who had successfully applied for Portuguese golden visa in 2020, and founded the company Golden Homes Portugal, using his expertise to advise others. Live Events Benefits Outweigh Formalities The investment going into private companies identified by Latvian authorities is a sunk cost, with no voting rights and only half of which can be recovered if the visa is relinquished. Instead, some buy homes which would cost ₹250,000. "Latvia supports both routes, with clear legal frameworks and minimal bureaucratic hurdles. While investing in foreign companies involves additional disclosures and compliance with regulations like reporting of ODI, the strategic benefits outweigh the procedural formalities," said Moin Ladha, partner at Khaitan & Co. Under India's forex laws, Indian nationals can invest abroad, including capital and current account transactions. According to Armand Arton, CEO of Arton Capital, a citizenship investment advisory, the majority of its clients interested in accessing the Latvia programme are Indian citizens. "We've observed a 30% year-on-year increase in Indian inquiries since 2023. Many are entrepreneurs and SME owners who desire EU access without high costs associated with Germany or the Netherlands. With several EU nations increasing minimum investment thresholds, or closing programmes, Latvia offers the freedom to live, travel, and work at an attractive price point," said Arton. A few plan to settle at Riga after retirement, said Anurag Manakikar, associate director at Henley, who advised a senior corporate honcho. Greater Awareness While the programme has been there for long, there has been greater awareness as people looked around for options, said Manakikar. What also stoked interest was the high rejection in Schengen visa applications and absence of minimum stay requirement in Latvia. "However, to derive real benefit, a person has to reside or settle in Latvia or any other preferred country. If someone continues to reside in India, he would remain a resident here under the Income Tax Act and FEMA. So, benefits would be confined to non-requirement of visa in Europe," said Rajesh Shah, partner at the CA firm Jayantilal Thakkar & Company. A property investment in Dubai for a UAE Golden visa could work better if tax is the sole consideration for anyone planning to become an NRI. Unlike Portugal's Golden Visa, which requires a minimum stay of only 15 days every 2 years to become eligible for an EU passport (after only 5 years since date of application), a Latvian passport requires becoming a physical resident for almost a decade. Nonetheless, for many, Latvia's low cost is the pull factor.
Globe and Mail
21-05-2025
- Business
- Globe and Mail
AGI Announces Approval of All Resolutions at Annual Meeting of Shareholders
Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") is pleased to announce the voting results from its annual meeting of shareholders held on May 21, 2025. A total of 11,874,006 common shares, representing approximately 63% of AGI's outstanding shares, were represented in person or by proxy at the meeting. The following nominees were elected as directors for the ensuing year, with the specific voting results being as follows: Director Votes For Percentage Votes Against Percentage Rohit Bhardwaj 8,934,310 75.70% 2,868,231 24.30% Jean-Philippe Choquette 11,779,210 99.80% 23,331 0.20% Mike Frank 8,623,174 73.06% 3,179,367 26.94% Daniel Halyk 11,090,391 93.97% 712,150 6.03% Paul Householder 11,112,535 94.15% 690,006 5.85% Corrine Ricard 11,119,912 94.22% 682,629 5.78% Mary Shafer-Malicki 7,099,816 60.15% 4,702,725 39.85% In addition, all other resolutions presented at the meeting were approved by AGI's shareholders, including the appointment of Ernst & Young LLP as auditors and the acceptance, on a non-binding advisory basis, of AGI's approach to executive compensation. Detailed voting results for all resolutions will be posted under AGI's profile at Company Profile AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally. AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide.
Business Wire
21-05-2025
- Business
- Business Wire
AGI Announces Approval of All Resolutions at Annual Meeting of Shareholders
WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") is pleased to announce the voting results from its annual meeting of shareholders held on May 21, 2025. A total of 11,874,006 common shares, representing approximately 63% of AGI's outstanding shares, were represented in person or by proxy at the meeting. The following nominees were elected as directors for the ensuing year, with the specific voting results being as follows: Director Votes For Percentage Votes Against Percentage Rohit Bhardwaj 8,934,310 75.70% 2,868,231 24.30% Jean-Philippe Choquette 11,779,210 99.80% 23,331 0.20% Mike Frank 8,623,174 73.06% 3,179,367 26.94% Daniel Halyk 11,090,391 93.97% 712,150 6.03% Paul Householder 11,112,535 94.15% 690,006 5.85% Corrine Ricard 11,119,912 94.22% 682,629 5.78% Mary Shafer-Malicki 7,099,816 60.15% 4,702,725 39.85% Expand In addition, all other resolutions presented at the meeting were approved by AGI's shareholders, including the appointment of Ernst & Young LLP as auditors and the acceptance, on a non-binding advisory basis, of AGI's approach to executive compensation. Detailed voting results for all resolutions will be posted under AGI's profile at Company Profile AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally. AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide.
