Second residency and citizenship programs are in high demand. With the pandemic in effect, people are looking to migrate to safer countries. Residency by investment programs have become one of the best options to move to European countries or the US. One such program is the Portugal Residency by Investment program, which enables you and your family to move to Portugal and become a European resident.
The Portuguese government launched the Portugal PR by Investment program in 2012 with the aim to raise investment from foreign investors. They can gain residency by investing and then eventually become citizens of the European Union. You can leave work and travel freely anywhere in the European Union when you hold a Portugal permanent residency.
Portugal Residency by Investment: three popular options
There are three different options for Portugal immigration. All of them provide Portugal permanent residence visa in the country to you and your family. Your family of four members is covered under a single application.
The most popular option is to acquire a property of €500,000 in Portugal. You can invest in residential or commercial real estate. You can also own multiple properties for five hundred thousand euros. By investing in property, you can confirm your Portugal immigration.
The second option for obtaining the Portugal Golden Visa is to invest in real estate properties that are 30 years or old. The investment amount comes down to €350,000 for a family of four members. You can also invest this amount in a private equity fund that capitalizes small businesses.
The least expensive option is to invest €280,000 in real estate in a low-density population area and gain your Portugal Investment Visa. It also covers your family of four members. You will have to maintain the investment for a period of minimum 5 years.
Key Benefits of Portugal PR by investment
Portugal Residency by investment offers multiple benefits. HNIs and UHNIs who want European citizenship often look towards Portugal citizenship by Investment program. Here are the benefits of a Portugal Golden visa for you and your family:
Economic stabilityPortugal’s economic markets are growing much faster than any other country in the European Union. It has a growing economy that allows investors to reap multiple economic opportunities. More and more companies are coming to Portugal to explore talent and realizing their potential in serving the European market. You can invest in real estate and take advantage of the returns without worrying about financial or economic downfalls in the country.
Visa-free travelPortugal citizenship by investment allows you and your family to travel visa free to 160 + countries. It enables you to work, live, and travel freely anywhere in the European Union. You can also travel within the Schengen Zone without any restrictions. If you like to travel and explore the European states without any hassle, then you should apply for a Portugal permanent residence visa.
Healthcare and educationPortugal has one of the best Healthcare and education systems in the world. The covid-19 situation has driven investors to migrate to countries who can properly handle the crisis. Portugal has been one of the best locations with a top notch healthcare system that has carefully dealt with the pandemic. Along with that, With the Portugal investment visa, your children can also access world-class universities that will allow your children to study and prepare better for their careers. They will not have to pay a high amount of fees as Portugal residents.
Peace of mindPortugal is the world’s third most peaceful country, according to the global peace index. If you want peace of mind, then Portugal Golden visa is the perfect choice for you. You can stop worrying about your business and financials and just relax alongside the coastline of cities like Porto and Lisbon. On top of that, the people in Portugal are warm and friendly towards immigrants. You will be able to enjoy a high-quality lifestyle in Portugal.
European citizenshipProbably one of the biggest advantages of obtaining Portugal permanent residency by investment is that it opens the door to European citizenship for you and your family. You can stay a Portugal resident for 5 years and then apply for citizenship in the sixth. Since you have already invested in the country, you will have more chances to become a citizen than those people who follow the traditional route of Portugal immigration.
Become a European citizen without much hassle
Portugal is now one of the preferred destinations for immigration. Today, there are many people who dream of migrating to Europe and living the high-quality lifestyle and enjoy a superior standard of living. Portugal residency by investment makes all of that possible.
While India doesn’t allow dual citizenship at this moment, you can enjoy your Portugal rights as a resident and decide whether you want to become a citizen of the European Union or not. 5 years is more than enough time to experience the country and determine your liking or disliking for it.
Whatever you choose, it is always good to take help of experts while migrating to foreign lands. My Global Citizenship™ has expert Portugal second residence and citizenship planners who can help you with the entire process and enable you to migrate freely. Contact us and get an online consultation today.