Portugal is a relatively affordable country to live in, with an annual median household income of €40,000. Additionally, Portugal offers a wealth of opportunities for residency by investment. The country’s infrastructure is well-developed, and its location – bordering Spain and the Atlantic Ocean – makes it an ideal place to invest in tourism and retail.
In addition, Portugal offers a highly skilled workforce and an attractive tax system. Finally, the country’s relaxed lifestyle and proximity to European capitals make it a desirable destination for retirees.
Portugal is one of the Schengen Area countries, which means that you do not need a visa to visit Portugal for up to 90 days. However, in order to qualify for the Golden Visa, you must have a low physical presence requirement. This means that you must only spend 180 days out of the consecutive 270 in Portugal. Overall, the Golden Visa is a great way to experience Portugal without having to deal with the hassle of getting a visa.
The Portugal Golden Visa has gained of popularity in the last years from non-EU investors around the world, due to it being straightforward and with little requirements as well as offering great investment opportunities. The applicant’s family starts with a valid entry visa for Portugal, whereby they visit and purchase a qualifying property of interest. A representative person takes care of the remaining legal documents required to submit the application on the applicants behalf. The government will process the application in due course and approve the application whereby the applicants family is traveling to Portugal to finalize the procedure and obtain the Residence card. In order to maintain the Portuguese residence permit, they must visit Portugal seven days a year and hold their qualifying property investment.
If you are eligible and wish to apply for citizenship after five years having Portugal residency by investment, you must: -Submit an application form and supporting documentation to the Portuguese consulate in your home country -Have a clean criminal record -Be able to support yourself financially
Portugal is a land of contrasts and beauty. From the dramatic coastal cliffs to the rolling hills of the Alentejo region, Portugal has something for everyone. In the north, cedar forest and rolling vineyards give way to barren, rocky cliffs while in the south, lush rainforests line the coastline. The country’s wide range of landscapes is matched by its rich cultural heritage, with highlights including Lisbon’s stunning architecture and Fado music, and Porto’s buzzing nightlife. Portugal is also home to some of the world’s most gorgeous places, including Estoril Bay and Vidago Monastery.