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OVERVIEW
Portugal’s passport is ranked as the 6th strongest passport in the world. It allows visa-free access to over 172 countries. Portuguese passport holders have the right to study, work, and live in any country in the European Union.
On the 8th October 2012, the Government of Portugal made changes to the Immigration Law 29/2012 allowing non-EU Citizens to receive a temporary EU Residence Permit for up to 5 years in exchange for investments in Portugal’s Real Estate. The new regulations offer non-EU Citizens, a simple and fast way for property investors to receive a five-year Residence Permit (Golden visa).
Upon purchasing real estate with a value of €500,000 the Portuguese Golden Residence Permit will be issued temporarily for an initial period of one year which can then subsequently be renewed for two consecutive periods of two years making a total of five years. After the five years has elapsed, the holder may apply for a Permanent Residence Permit.
In accordance with Portuguese Nationality Law 37/81 of the 3rd October 2006, amended by Decree Law No. 322-A/2001 of 14th December, article 6, the Government grants the Portuguese nationality through naturalization to foreigners who fulfill the requirement to be legally resident in Portuguese territory for at least 5 years.
GENERAL INFO
Portugal, officially the Portuguese Republic, is a country located in South Western Europe, on the Iberian Peninsula. It is the westernmost country of mainland Europe, and is bordered by the Atlantic Ocean to the west and south and by Spain to the northeast.
The Portuguese Republic holds sovereignty over the Atlantic archipelagos of Azores and Madeira, which are autonomous regions of Portugal and the country, is named after its second largest city, Porto.
Portugal is one of the oldest European Nations, however the Portugal of today is a highly-developed country and its population of circa 10 million enjoy the world’s 19th highest quality of life and one of the world’s most globalized and peaceful nations. Portugal combines a beautiful landscape with state-of-the-art urban architecture.
Portugal is a member of the EU, Eurozone, and the Schengen Agreement, Globally, Portugal is also a member of the United Nations, the OECD, and the NATO.
The climate is primarily Mediterranean, featuring mild, wet winters and hot, dry summers especially in the coastal areas and islands whilst the island and mountain regions have a temperature climate with cold, damp snowy winters and hot, dry summers.
The capital is Lisbon. The official language is Portuguese and the currency is the Euro.
Portugal was named the best country to visit in 2014 by the Spanish edition of Conde Nast Traveler magazine and was also selected as the Best Value Destination in 2014 by Rough Guides. The highlights among Portugal’s attractions vary from culture, gastronomy and wines, beaches, golf, history, a variety of landscapes and above all the hospitality of the Portuguese people.
BENEFITS
PERSONAL FREEDOM
European Residency 6 months
Full family residency. You and your family enjoy European Residency status and all of its benefits
No need to reside in the country
Can lead to Portuguese Citizenship after 5 years
If Citizenship obtained in the future, dual nationality allowed
Open to most non-EU nationalities
FREE MOVEMENT
Allows free travel within Schengen area, no visa or further documentation required
You can travel directly from your country of origin to any Schengen area country once your PR has been issued, no need to travel to Portugal first
Reside in any other Schengen area country for up to a period of three months within every six-month period with the right of multiple entries
ADVANTAGES
Establish businesses, open bank accounts and expand investments worldwide
Only those staying in Portugal longer than six months a year and deemed resident in Portugal must pay tax over income obtained in Portugal, meaning the Portuguese tax authorities will expect Golden Visa holders to only pay taxes on income related to activities in Portugal and not any other primary country of residence
Great infrastructure
FAMILY SECURITY
he Portuguese PR extends to Spouse and children below 18 years of age
Adult children above 18 years of age qualify as long as they prove financial dependency
Parents of main applicant also qualify as long as they prove financial dependency
The Portuguese PR allows all holders to work and study in Portugal
Highly developed country, which enjoys the world’s 19th highest quality of life and one of the world’s most globalized and peaceful nations
Political Stability
INFO
Permanent Residency Timeline: 6 months
Citizenship Timeline: Within 10 years
Nationalities supported: Open to all non-EU nationalities
Investment type: Real Estate
Investment cost: € 500,000
