The Portuguese Government launched the Golden Visa program in 2012 which is a fast track for investors to obtain a residence permit in Portugal and consequently free access to the vast majority of European countries (Schengen area).
The aim of the program is to attract foreign investment, hence it is a very straightforward and flexible migration program. The program has simple and clear legal requirements and require very low minimum stay. The Golden Visa is definitely one of the most attractive migration programs for investors in the world.
Why Portugal?
An attractive destination offering great investment opportunities
1) Safety – As we all know, Portugal is one of the safest and peaceful countries of the world with fairly low crime rates. While according to Global Peace Index 2022, Portugal ranks 6th in the most 15 safest countries in the world.
2) Economy – Its economy is growing steadily and your investment is growing steadily too.
3) Good weather – Over 300 days of sunshine a year! Portugal is known for its weather, a warm temperate climate, the sunshine is within a comfortable range.
4) Living cost – The living cost is relatively inexpensive when compare with other Western European countries.
ADVANTAGES AND BENEFITS OF THE PORTUGUESE GOLDEN VISA
- Simple qualifying criteria – Property Investments in Portugal
- Extremely low minimum stay requirements – 7 days in the first year , 14 days in the following two-year periods.
- Fully extensible to family members without further investment
- Freedom to travel visa free throughout the countries of the entire Schengen area
- Possibility of Permanent Residency after 5 years and nationality after 6 years
- No direct tax implications/obligations for income generated outside Portugal
- Allow you to live, study and work in Portugal
- Can access to all Portuguese Public Services, including health and education
- Fast track to residency for foreign investors and families