Residency by investment in Europe has been seeking attention from elite investors and business people across the globe. Limitless business opportunities, investment options, personal benefits, and unrestricted travel through the Schengen Zone are among the primary reasons behind the popularity of second residency visas for European countries.
There are a few countries in Europe that allow non-European Union nationals to get residence permits in the Schengen Zone. This is what has made the Portugal Golden Visa Program one of the most popular European residencies by investment programs.
What is the Portugal Golden Visa?
The Portugal Golden Visa Program was launched in the year 2012. It is an immigrant investor program initiated by the government of Portugal granting residency in Portugal to people who invest or create jobs in the country.
To acquire permanent residency, you must pass the due diligence checks and invest in the country. Once you receive your residence permit, you will acquire the right to live, travel, work, and study in Europe, while also enjoying access to Portugal’s best healthcare system and consumer rights.
Why Apply for Portugal Golden Visa?
Forthright Process
The application process for Portugal Golden Visa Program is very forthright and well-organized. To be eligible for the residency program, you need to:
- Be in Good Health
- Possess Required Funds for Investment
- Have No Criminal Records
- Pass Due Diligence Checks
You can either apply as a single applicant or as a family which can include your spouse and children under 18 years of age. Parents and children above 18 can only be included if they are dependent on you.
If you meet all the criteria, you will be required to invest in a property, a local business, or invest in creating jobs in Portugal. Once your application is processed successfully, you will get the residency permit. This will allow you to work, live, study in Portugal and travel the Schengen Zone without restrictions.
High-end Living with Low Cost
Another reason why most people choose the Portugal residency is the high living standard the country has to offer at a very affordable cost. Facts state that the living cost in the country is approximately 30% lower than compared to any other Western European country. In comparison to EU nations like France, Germany, and the Netherlands, Portugal offers higher living standards at a convenient cost. The country offers the best healthcare system, excellent education, striking architecture, and delectable food.
Ease of Movement Within the Schengen Zone
We can’t emphasize this one enough. With a Portugal Residency, you get recognized as a resident of the European Union. Portuguese residents hold the right to travel freely without constraints through the entire Schengen Area. The Golden Visa entitles you to visit all 28 EU member states and gain access to everything the country has to offer without any difficulties.
Health & Safety
Ranked third among the safest countries in the world as per the 2020 Global Peace Index, Portugal happens to be the ideal place to settle without any worry. Apart from excellent safety standards, the country even offers a world-class healthcare system following international standards.
Pathway to Citizenship
Portugal Golden Visa Program is your pathway to citizenship. Once you meet the program requirements and hold the residency for 5 years, you become eligible to apply for Portuguese citizenship. Becoming a citizen will allow you to get hold of the Portuguese passport – ranked the fifth most powerful passport in the world.
Book a Free Consultation
To get your second residency in Portugal through the Golden Visa, seek professional assistance from the experts at AAA-Associates. We are a government-approved immigration services company based in the UAE, specializing in the most sought-after areas of immigration and Citizenship in the investment field.