Since it was introduced, back in 2012, Portugal Golden Visa Program or Residence Permit for Investment has turned into one the simplest and most affordable routes to EU residency and citizenship.
It’s hard to overlook it, especially because it grants investors:
- Free traveling within Schengen countries for non-European citizens;
- The possibility to live and work in Portugal, while keeping a residence in another country;
- Easy access to Portuguese citizenship after 6 years and permanent residency after 5 years;
- Family reunification and residence authorization to family members, including for children over 18 years old.
There’s no surprise, then, that Portugal Golden Visa program has been ranked the world’s best residence program in the latest ranking from Henley & Partners.
Scoring 75 out of 100 points, Portugal leads the Global Residence Program Index, a recognition based on reputation, quality of life and tax incentives. In fact, it ranks above major countries such as Austria, Italy, and Switzerland, according to the international consultancy firm.
But what exactly makes this program such a hit? And how can you apply for a Portuguese Golden Visa? Let’s find out!
A gateway for investment
Portugal Golden Visa program was introduced after the 2008 financial crisis, aiming to attract foreign investment to push the economy forward. It enables non-EU citizens and their immediate families with the right to live and work in Portugal, in exchange for a qualifying investment.
These eligible investments include Real Estate, capital transfer, and job creation. But only if maintained for a minimum period of 5 years.
Tax benefits
We’ve talked about the investment options available in 2022 and several advantages to this EU passport. But here’s one of the major reasons to apply for the Golden Visa: a favorable tax regime.
Investors will only be taxed on their worldwide income if they lived in Portugal for over 183 days. Also, those who decide to become Portuguese residents can apply for the Non-Habitual Resident (NHR) regime, a status valid for 10 years and that grants significant tax savings to foreigners who move to our country.
Want to know more about the Portuguese Golden Visa?
Excellent reputation, high quality of life, and outstanding conditions for remote work make Portugal one of the most attractive nations to international investors.
That’s why Easely Portugal has a team of professionals who understand the importance of making the right decisions. All so that you can achieve your financial, business, and personal ambitions.