In 2020, there was a 62% increase in the inquiries for the golden visa programs. Indians living in India sent maximum applications for Portugal, Australia, Greece, and Thailand. During the pandemic, citizenship and residency by investment programs became a major contributor to international mobility.
High net-worth individuals and their families are looking to migrate to stable economies like that of countries in the European Union. Portugal citizenship is much coveted by investors all over the world. However, the first step is to obtain a permanent residency, which then gets converted into citizenship after 6 years.
The best consultancy for Portugal Golden Visa would suggest real estate investment to be the best way for immigration. In the first quarter of 2021, 90% of golden visas were issued through property investment. There has been over a 50% increase in the interest for obtaining Portugal citizenship by investment through the golden visa route.
In this article, we will explore why Portugal residency through investment is the best investment in 2021. If immigration is at the top of any investor’s list, and Europe is their dream immigration destination, then Portugal citizenship is the best way to achieve that. Let’s have a look at why any Portugal PR consultancy would recommend Portugal golden visa for investment.
Top 5 reasons to invest in Portugal Golden Visa in 2021
Reports suggest that the Portugal immigration by investment program will undergo a major overhaul in 2022. The primary focus for investment will shift from coastal regions like Porto and Aveiro to inland cities and islands. Therefore, investors who want to invest in Portugal residency are advised by the top Portugal PR visa consultancy in India to apply for the golden visa today and take advantage of living in the coastal regions.
But Portugal isn’t just known for its coastal areas. There are various things that make it perfect for investors to migrate. Here 5 reasons to invest in Portugal Golden Visa in 2021 –
- Increasing property prices
Portugal is one of the top European countries that is witnessing steady property price increases over the past couple of years. The Instituto Nacional de Estatistica reported a rise of 6.32% in the 12 months to November 2020.
It is estimated that the property price will grow by around 5% by the end of 2022. The country is bouncing back from the pandemic, and residency by investment in Portugal is one of the best ways to take advantage of this rise.
The initial buy-in costs in Portugal are relatively affordable than that of the UK or Germany. Investors can get a high price for their properties in the next 5 years.
- Strategic business location
Portugal is one of the best locations for international businesses, investors, and exporters. It connects Europe with Africa and North America. The country has direct trade routes to different major cities like New York, Moscow and more.
Portugal residency by investment is beneficial for people who want to start or expand their business in the country. It also has the resources (infrastructure, people, material) needed to establish and successfully operate a business.
The strategic location of Portugal also makes it perfect for people who don’t want to witness major time zone changes from India. They can easily travel across continents for business meetings and more.
- Economic advantage
A 2019 report by the Organisation for Economic Co-operation and Development “OECD Economic Surveys Portugal” states, “the economic situation in Portugal improved significantly in the last years. Its GDP is back at the pre-crisis level, the unemployment rate dropped ten percentage points to 7% since 2013, which is one of the highest reductions amongst the OECD countries in the last decade”.
Portugal is booming at an all-time high. The low cost of living and minimal bureaucracy makes it simpler for investors to take advantage of the economic and financial aspects.
Also, the country has liberal laws for entrepreneurship and investors who contribute to the development of the country.
- Tourism growth
Any investor who wants to leverage their money and skills to operate a tourism business can really benefit from Portugal citizenship by investment. Porto, the second biggest city in the country, was selected as the best European destination in 2014, 2016, 2017, and 2020.
The medieval architecture, combined with the advanced lifestyle, provides a unique blend to tourists. People love to spend time in the coastal regions, ensuring that the tourism industry is always thriving.
With the pandemic coming under control, more and more travellers will visit the country. Investors who want to take advantage of the Tourism growth have the right opportunity in terms of the Portugal golden visa.
- Lifestyle upgrade
Portugal boasts of excellent quality of life. The best consultant for Portugal visa suggests that if investors and their families want to live in any European country, their priority should be Portugal.
The country offers universal and affordable healthcare – a must in times of crises like the pandemic. It also ensures that children can access the world’s best universities in the European Union.
Portugal has the 6th strongest passport in the world. As a citizen, investors can travel visa-free to 160+ countries of the world, including the Schengen Zone. The amazing weather of the country also makes it preferable for elderly and young adults alike.
Get your Portugal Golden Visa in 2021
Portugal citizenship can take you to Europe and make investors a citizen of the world. A Portugal Golden Visa is the best investment in 2021 because it gives them access to one of the world’s best regions – the Schengen Zone. Once anyone becomes a citizen after 6 years, they can easily live, travel, and work freely anywhere in the 26 Schengen countries.
My Global Citizenship™ is India’s trusted residence and citizenship planner for the Portugal investment visa. We help investors and their families migrate swiftly to the country within 12 months. Contact us today for an Online Consultation.