EUROPEAN RESIDENCY THROUGH REAL ESTATE INVESTMENT
If you are looking for an opportunity to invest and become a resident in Europe, that is definitively the right program for you. The program’s main benefits are the various choices of investments, fast processing, and a minimal requirement for residency. This makes Golden Visa the fastest-growing investment immigration program in Europe.
EUROPEAN RESIDENCY THROUGH REAL ESTATE INVESTMENT
If you are looking for an opportunity to invest and become a resident in Europe, that is definitively the right program for you. The program’s main benefits are the various choices of investments, fast processing, and a minimal requirement for residency. This makes Golden Visa the fastest-growing investment immigration program in Europe.
ADVANTAGES OF THE GOLDEN VISA PROGRAM
Investor Immigration Programs are exclusive programs that enable high-net-worth individuals to attain permanent residency and, eventually, citizenship in their country of choice. The Portugal Golden Visa is among one of the best Investor Immigration Programs currently available in the world. It has very few requirements and lots of benefits.
BENEFITS OF THE PORTUGAL GOLDEN VISA
After applying for Portuguese citizenship/EU citizenship, there are even more advantages:
- Powerful passport;
- Visa-free access to 170+ countries;
- Free movement inside the EU;
- Live, study & work anywhere in the EU;
- The best Health Care system;
- Highest food safety in the world;
- Free education in most countries;
- Non-discrimination;
- Right to vote and be a candidate for the EU parliament and local elections.
There are several advantages to being a Golden Visa holder. Such as:
- Only an average of eight months to get the European Union (EU) residence permits;
- Be granted Portugal and EU benefits;
- Visa-free travel to the 26 countries of Schengen area;
- After the 5th year, the investor can easily apply for Portugal/ EU citizenship or Permanent residency
- No worldwide income taxes;
- Quick processing and easy renewal;
- Buy-back option after the 5th year of the investment
From the food to the weather, Portugal is internationally well-known for its high quality of life. It has around 2,500 to 3,200 hours of sunshine a year and a pleasant climate all year long.
The safety of the cities also contributes to Portugal’s high quality of life. Portugal is among the top safest countries in the world. Its most prominent cities, Lisbon and Porto, offer entertainment options for all ages that will please your entire family.
Investing in Portugal can grant the investors and their families a unique benefit: the Golden Visa. The Portugal Golden Visa Program is one of the simplest and fastest ways for high-net-worth individuals to obtain a residency visa in Europe and eventually gain access to European citizenship. Family members of the investor (spouse, financially dependent children, and financially dependent parents) may also be included in the application and become European citizens.
The resident permit grants the foreign citizens the same treatment as nationals, particularly about social security, tax benefits, European Union membership (EU), recognition of diplomas, certificates, and other professional titles. It also grants access to goods and services available to the public, as well as the application of provisions that concede them exclusive rights.
For most intents and purposes, the resident permit put the foreign nationals (non-EU) on par with other citizens of Europe. One of the greatest benefits of this is that Golden Visa holders may apply for a permanent residence permit or acquire Portuguese nationality by naturalization in the 5th year if they fulfill certain requirements in accordance with the law.
In 2018, 482.7 million Euros were generated by the Tourism and Hospitality industry in the areas of Porto and North Portugal. Porto houses a world heritage site by UNESCO. Tourism is a growing industry in Portugal: a 17% growth in the number of visitors in the country (20 million visits) in 2017.
With its mild climate, 3000 hours of sunshine per year, and 850 km of splendid beaches bathed by the Atlantic Ocean, Portugal is the perfect holiday destination all year round. Porto, the second biggest city in the country, was elected The Best European Destination in 2014, 2016, and 2017.
Porto’s primary source of revenue comes from Tourism and Exportation. Porto is among the top 5 cities that welcome tourists in the EU with an occupancy rate of over 70%. Hence, the real estate business and the hotel industry are one of the most profitable investment opportunities currently available in Portugal, especially in Porto.
The Portugal Golden Visa is a profitable and safe choice that concedes lots of benefits with very few requirements for its applicants. There are no requirements for language, management experience, or education credentials to apply for the Golden Visa. It’s a fast and simple process to receive residence permits.
Portugal doesn’t charge tax on worldwide income. In addition, the investment can be refundable after five years (depending on the project). Also, Golden Visa holders have the right to live, to work, do business, to study in Portugal, and can travel freely within the Schengen zone. Investors can easily apply for citizenship and be granted EU benefits for them and their families.
According to the statistic of SEF, from October 2012 to October 2020, Portugal has issued 9,254 residence permits for investors and 15,864 residence permits for family members under the Portugal Golden Visa Program.
Total foreign investment in Portugal surpassed 5.5 billion EUR, of which 5 billion EUR were invested in purchasing real estate. Most of the investors came from China, Brazil, Turkey, South Africa, and Russia.
Which family members can also benefit from the Portugal Golden Visa program?
HOW TO OBTAIN THE RESIDENCE IN EUROPE WITH THE PORTUGAL GOLDEN VISA PROGRAM?
Officially called the “ARI” (“Autorização de Residencia para Actividades de Investimento”), the Portugal Golden Visa Program enables investors to gain Portuguese residency while also enjoying all the benefits that come from being a part of the European Union.
In force from 8 October 2012, the Portugal Golden Visa Program was created as a way for the EU based country to attract more investments in their businesses and real estate while encouraging diversity through incentives.
WHO MAY APPLY FOR THE PORTUGAL GOLDEN VISA PROGRAM?
ln accordance with the Act, residence permits to third-country nationals are granted to those who intend to perform, by themselves or through a company, any activity that generally leads to the concretization of at least one of the following situations, in the national territory:
Starting July of 2015, the Law was renewed and revised through the Act 63/2015. Investors can now carry out investment activities through the following ways:
Portuguese, and EU nationals are not eligible for the ARI / Portugal Golden Visa Program.
The beneficiaries of ARI / Portugal Golden Visa are entitled to apply for citizenship after five years if complying with requirements.
