Portugal Golden visa is one of the best options to migrate to the European Union. It is an inexpensive way to become a resident of Europe. Today, Indian investors seeking migration to foreign countries are looking at the Portugal Golden visa program as their preferred way to immigrate.
The Portuguese investment visa program is already in high demand. It is all set to achieve its Q3 milestone of 10,000 golden visas. In the wake of the pandemic, the program has seen an enormous spike. People who want better healthcare facilities and a Plan B migrate to the country under Portugal’s golden residence permit program.
However, the rules for the golden visa, Portugal are changing from January 2022. It is an excellent opportunity for investors to avail Portugal citizenship by investment before the rules change. This is because the program would get expensive in the next year, and the location for the investment in real estate property would also become Limited.
In this article, we will highlight the Portugal Golden visa new rules that will apply to investors from next year. We will also highlight the benefits of golden visa Portugal through property investment. The new rules for Portugal golden visa might make it challenging for investors to consider the European immigration program. Let’s have a look at how these rules impact the investor’s decisions to migrate.
Portugal Golden Visa New Rules 2022
The rules have been changed in two categories – the government has raised the minimum investment for Portugal citizenship & residency eligibility. Apart from that, there has been a change in the geographic regions where property investment can be made under the golden visa program.
Here are the new rules for Portugal golden visa that are brought by the government and will be applicable from January next year –
Under the capital investment/deposit category, the minimum investment amount is raised from €1 million to €1.5 million.
Under the investment fund program, the minimum investment is raised by the government from $350,000 to $500,000.
The biggest change came in the property investment category. While the investment amount for the $350,000 and $500,000 program remains the same, the regions where investment can be made are now limited to the country’s interior. Investors will no longer be able to buy properties in places like Lisbon, Porto, and other coastal areas. They can purchase properties in Madeira, Azores, and other autonomous regions.
The reason for such changes is to invite investment in underdeveloped and developing areas of Portugal. However, if you apply this year, these changes will have no impact on the applicants who enroll in 2021. Therefore, it is the last opportunity for investors to get Portugal nationality by investment under the old rules for investment and purchasing property in the most dynamic regions of Portugal.
Investors should know that they can still purchase commercial and tourism intended properties in coastal areas and Lisbon. The geographic limitations are for residential properties only.
The real estate market in Portugal for the golden visa program is growing rapidly. Since Portugal’s economy is booming, investors consider it a great option to migrate the family. The country offers a plethora of benefits that can be availed using the Portuguese investment visa. Let’s look at them in detail.
Portugal Golden Visa Benefits in 2021
If you want to avail of the program under the old Portugal golden visa requirements, then 2021 is the last year for that. You can purchase properties in the coastal regions and never relax and have a peaceful lifestyle. Along with that, your family gets opportunities to experience the European Union.
Here are the benefits of a Portuguese Citizenship Golden Visa:-
The biggest advantage of moving to Portugal is getting European citizenship. Under the golden visa, Portugal, you and your family will achieve resident status for 5 years. After that, you can apply for citizenship in Portugal by investment. When you become a citizen of Portugal, you automatically get your European citizenship.
Portugal citizenship gives you visa-free travel access to 160+ two countries of the world. It includes complete freedom of movement in the Schengen zone. You can travel easily to nations like Spain, Germany, France, Netherlands, and many more. You are free to live, travel, and work anywhere in the European Union when you become a citizen of the country.
High quality of life
One of the best Portugal golden visa benefits is that you and your family can enjoy a high quality of life. The country offers an affordable and universal healthcare system with some of the best doctors in the world. The education facilities in the European Union are next to none. You and your family can upgrade your standard of living and enjoy the culturally rich countries of Europe.
Plan B after retirement
Portugal is one of the most laid-back countries. Portugal Golden visa program allows you to enjoy a relaxed lifestyle after retirement. You can enjoy a peaceful life in your residential property near any coastal region. Portugal consistently ranks as one of the top three most peaceful countries in the world. You can spend your retirement peacefully in Europe while your children can access career and growth opportunities across the continent.
Conclusion: Apply Before the Rules Change
Portugal citizenship Golden visa rules are all set to change from January 2022. If you want to avail of the lenient regulations, apply for the golden visa program this year. You can purchase a residential property and migrate to the country within 12 months.
My Global Citizenship™ is India’s trusted residence and citizenship planner, enabling investors to migrate to Portugal and obtain European citizenship. Our immigration experts make the process hassle-free and assist you with all the documentation and approvals.
Contact us today for an online consultation.