Launched in the year 2013, Greece Residency by Investment Program, popular as Greece Golden Visa, allows investors to get residency in the country by investing in real estate. Until now, Greece was always referred to as one of Europe’s affordable residency by investment programs.
But this is all set to change shortly with Greece planning to increase the minimum investment required for the residency program from next year.
With the impending changes in the investment scheme for Greece Golden Visa, investors should now consider other European countries which are more affordable and provide exceptional residency benefits. Among the other economical choices, obtaining a Portugal Passport by investment can be the ideal pick.
Let’s understand how Portugal makes the right choice for a Residency by Investment program and what benefits it brings along.
About Portugal
The westernmost country in mainland Europe, Portugal, is on the Atlantic seaboard. Portugal has been a European Union member since 1986. Portugal is counted among the developed nations and also has a very high Human Development Index.
Over recent years, Portugal has shifted to mainly business services. However, a third of the country’s economy is associated with manufacturing. Portugal is also the largest supplier of cork in the world. The country even has a strong foothold in the tourism sector.
It is considered a safe place to live given the low crime rate. Talking about other facilities, Portugal has a great private and public healthcare system. Education in the country is also commendable and accessible with ease.
While Portuguese is the main language in the country, English is also spoken widely. A member of the Schengen Area, Portugal has been using Euro as its currency since 2002.
Portugal Passport by Investment
You can get a Portugal passport through the Portugal Residence by Investment program which was introduced by the government to interest foreign investment as well as boost the economy. The residency program is also popular as the Portugal Golden Visa. This residency by investment program for Portugal passport is a five-year program, exclusively devised for non-EU nationals.
To get residency in Portugal, you will have to make a substantial investment in the country. The investment options range from real estate to capital investment and create more job opportunities in Portugal.
The application process for Portugal residency by investment is quick, and you get the residency within a short time.
Once you get the Portugal Golden Visa, you can study, live, and work in the country. The residency requirement in the program is very minimal. You just have to stay an average of seven days during your one-year stay in Portugal, over your five-year residency period. Once you complete five years of your residency in Portugal, you become eligible for Portugal Citizenship.
Benefits of Portugal Passport
Among the strongest passports in the world, the passport of Portugal gives you visa-free and visa-on-arrival to over 180 countries
The travel freedom with a Portugal passport also extends to the Schengen zone
Get to live and work in any EU country
Access to quality healthcare & education
Great quality of life
Your gateway to Portugal Citizenship
You can extend the residency permit to family members
Several investment options to get Golden Visa
Tax benefits
Qualifying Criteria for Portugal Citizenship by Investment
Investments for Portugal residency start from EUR€280,000. The contribution to be made depends on the investment type you choose
Submit all required documents
You must be 18 years or more and have a clean record
For further information to get Portugal Golden Visa, get in touch with one of your experts today at +971 4 563 9500