The Portugal Citizenship by Investment Program was introduced in October 2012 with the aim of attracting investment and expertise to the country. The program offers a fast track to Portugal citizenship for eligible applicants who make a qualifying investment into the Portuguese economy.
Portugal Citizenship Requirements
In order to qualify for Portugal citizenship through investment, applicants must meet the following criteria:
- Be at least 18 years of age;
- Have a clean criminal record;
- Be a legal resident of Portugal; and
- Make an eligible investment into the Portuguese economy as described below.
How to Get Portuguese Citizenship
The following investments are eligible for the Portugal Citizenship by Investment Program:
- Invest €500,000 in real estate in Portugal;
- Invest €350,000 in a designated “low density” area of Portugal
- Make a €1.5 million euro financial contribution to a designated project approved by the Portuguese government
- Invest €500,000 to Portugal investment funds
Benefits of Portugal Citizenship by Investment
Investors in Portugal can gain citizenship without needing to live in the country. This is one of the several advantages of gaining citizenship of Portugal through investing. The following are the key benefits:
Not necessary for You to Move to Portugal
The majority of European residence and citizenship programs demand the entrepreneur to spend the bulk of the year in the respective nation. Portugal, in contrast, hand, simply asks Golden Visa holders to stay in the nation for an average of 7 days annually for five years. In other words, Golden Visa holders can qualify for citizenship of Portugal only after 35 days in Portugal during a five-year period.
Various Investment Methods
There are a variety of investment possibilities available to earn a Golden Visa in Portugal. Which include, among many other things, capital transfers, property purchases, and fund investments. You are allowed to take the path that best fits you.
Portugal Offers Attractive Tax Schemes
The Non-Habitual Tax Regime (NHR) of Portugal provides considerable tax discounts and exclusions for investors. Entrepreneurs who migrate to Portugal and become tax residents in the nation can enjoy the benefits of these tax breaks for a period of 10 years.
Low-Cost Investment Opportunities with High Returns
The Portugal Golden Visa scheme does not require you to be a Rockefeller. The minimum investment requirements are quite low in comparison to the rest of the citizenship in Portugal by investment programs.
More significantly, the Portuguese economy has been strong in recent years. It has always been a popular tourist and expat location. As a result, investing in Portugal is a good finance decision. It permits you to participate in one of Europe’s fastest-growing industries. You may earn excellent profits on your fund or real estate investment, particularly in places such as Lisbon and Porto.
Despite its steady economy and good standard of living, Portugal remains one of Europe’s most affordable countries. A Golden Visa could be obtained by purchasing property for as low as €280,000 Euro.
As a holder of Portuguese citizenship, you are entitled to free medical care. The public health care system is robust, with just a few exclusions not included. These include going to the emergency department or seeing the family doctor, both of which cost between €5 and €20.
Remember that as a temporary resident in Portugal, you must have private health insurance. It ranges in price from €400 to €1,000 each year, based on how extensive it is.
Invest in Portugal for citizenship is a great way to get access to all that Europe has to offer. If you’re looking for a fast track to Portuguese citizenship, contact Metric Marketing today. Our team of experts can help you navigate the process and take advantage of all that Portugal has to offer.