Benefits of the Portugal Golden Visa
Why should you get a Portugal Golden Visa? It offers a number of very attractive benefits you might want to consider. Perhaps the best thing about this program is the fact that after only six years of residency, you can apply for citizenship.
As an E.U. member state, citizenship in Portugal offers you unfettered travel and access to one of the largest markets in the world. Not to mention that you would also have access to first-rate medical facilities and a highly competitive educational system for your children. In Portugal, public education, including university studies, is essentially free to the end-user (aside from a very modest administration fee).
Another big advantage to residency by investment in Portugal is that there are very few requirements in terms of your physical presence in Portugal. All you need to do is spend one week in Portugal during your first year under the golden visa program, and two weeks over the next two years.
So you aren’t required to actually live in Portugal, you can live anywhere else you want, or simply travel the world, all the while you are accumulating time towards Portuguese citizenship. And of course conversely, if you want to live in Portugal the entire time you have that right as well, including the ability to seek employment.
Quality of life is also very high. The average monthly gross pay is only €1,314 and Portugal is widely considered one of the cheapest countries in Western Europe. Portugal has a warm and sunny climate, and while winters can get chilly the temperature rarely drops below 40f/4.5c.
Portuguese cuisine is a delicious blend of fresh, hearty, and healthy ingredients with lots of seafood and plenty of foreign influences. Portugal is also a land of culture, home to seventeen different UNESCO World Heritage Sites and many world-class museums.
Another advantage to the Portugal Golden Visa is that there is a range of investment options that you can choose between. Whether you want to invest in property (either residential or commercial), sponsor an artistic project, or just put your money in the stock market, you have flexibility in what you choose to invest in. You’re also investing in a stable, first-world country, where sure there might be some red tape but you can be assured of a functioning legal system where your rights as a foreign investor will be protected.
Portugal scores very highly on both judicial effectiveness of rule of law when it comes to the heritage foundations global rankings, which is important if you are to invest a sizeable portion of your nest egg in their economy. Aside from the safety of the investment, you are also looking at a potentially lucrative deal. In high-density areas like Lisbon, there is limited supply and ever-increasing demand, leading to strong returns.
If you are thinking about residency or citizenship in a foreign country, there are a lot of advantages to pursuing a golden visa from Portugal. The hot real estate market, the high quality of life, and the relatively low cost of living in Portugal are just some advantages of pursuing this program. Citizenship in a first-world country within five years isn’t an impossible dream; you can change your life with Portuguese citizenship by investment.
You Can Read More About The most powerful passports in the world in 2021.
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Written by Mikkel Thorup
Mikkel Thorup is the world’s most sought-after expat consultant. He focuses on helping high-net-worth private clients to legally mitigate tax liabilities, obtain a second residency and citizenship, and assemble a portfolio of foreign investments including international real estate, timber plantations, agricultural land, and other hard-money tangible assets. Mikkel is the Founder and Director at Expat Money™, a private consulting firm started in 2017. He hosts the popular weekly podcast, the Expat Money Show, and wrote the definitive #1-Best Selling book Expat Secrets – How To Pay Zero Taxes, Live Overseas And Make Giant Piles Of Money.