Did you know Portugal is the ideal location for foreign investors? Why? Because it’s the safest place for investors since the country is politically and economically stable, opening doors for ease of doing business.
If this interests you, Portuguese citizenship is the best investment option. You can jet set GO! with your family, too. Now, we are done with a bit of research. On that take, let’s see what else you can encounter.
You can now enjoy world-class seafood, beaches, cosmopolitan cities, vineyards, vibrant culture, and excellent lifestyles. Hold your breath as this post gives insights into the perks and benefits you experience by investing in a Portuguese citizenship program.
Ready to sail!
Why Invest in Portugal Citizenship?
Portuguese citizenship can be the best option for investing in a citizenship program. The reason is simple: Portuguese is a popular investment destination for investors. It has many advantages over other CBI countries.
There are a number of reasons for this. Firstly, it is a stable place to stay safe in this land. Secondly, Portugal has a more robust economy that automatically entices foreign investors. Thirdly, it has an incentive program with tax breaks for investors such as Non-Habitual Residents (NHR) with a 10% flat tax rate and other p.
Investing in Portuguese Citizenship finally improves the quality of life for investors and their families. It effortlessly allows investors to acquire free access to other European countries. If you are considering starting a business, you may contact the Portuguese government’s investment agency, AICEP, for help. Further, if you are interested in the Golden Visa Program, get an immigration lawyer to help you comply with applicable Portuguese laws. On the final take, remember to seek professional guidance.
12 Benefits of Portuguese Citizenship
Investing in Portugal has several benefits. So, on acquiring Portugal citizenship, you have even more leverage. This section delves into the perks and benefits of pursuing Portuguese citizenship. Let’s quickly get into it!
In obtaining a Portuguese residency through the Golden Visa Program or other means, you get perks to travel in the Schengen areas and visa-free travel within 26 European countries.
Portugal is located in the western part of Europe. This strategic positioning provides easy access to both European and international markets. The location is attractive for businesses looking to expand globally to serve gateways to Europe, Africa, and American countries.
Free Visa Travel
Portugal ranked 4th in ‘Freedom to Travel’ in the Henley Passport Index. With no additional entry permit, this free visa travel lists 142 countries for a Portugal passport. The passport holder can also enter 188 countries with all EU and UK states on lists. Among several other benefits, this gives reasons for investors to consider obtaining a visa to Portugal.
Stable and Strong Economy
Portugal is known for its stable and growing economy. It weathered global crises and the European debt crisis relatively well. It has implemented structural reforms in the economy to enhance stability in the market. Portugal has a diversified economy with a growing GDP, making it a stable and robust economy.
Portugal offers several tax incentives for residents and investors. Non-habitual residents benefit from favorable tax at a flat rate of 20% on foreign income. It is for residents living for at least 183 days. NHR is non-renewable and can be given to a person only once. There are other favoring incentives for high-value-added and technology-based services favoring tax.
Portugal has invested in modern infrastructure, transportation, telecommunications, and renewable energy. In this way, it has ranked 15th in the world for better infrastructure. This makes it an attractive business destination for investors.
Education and Healthcare
Portugal has a robust education system and quality healthcare services. The country is home to several reputable universities and research institutions. You can access free or low-cost quality education and healthcare on acquiring citizenship.
Culture and Lifestyle
The country has a rich cultural heritage, historic cities, and vibrant art serenics. It offers a high-quality lifestyle at an affordable cost, focusing on leisure, gastronomy, and outdoor activities.
Higher Standard of Living
Portugal is the best among all the European countries to live in. It has bagged 7th place in the 2023 Quality of Life Index and is performing consistently. This shows the standard of living is higher for both local and foreign residents at low cost.
Safe and Secure Destination
The country is one of the safest and most secure destinations. It has ranked among the most peaceful countries in the world. Global Peace Index in 2022 ranked Portugal 6th safest place with low crime rates in Europe.
Easy access to other European Countries
Portugal gives the right to live, study, and work in any European country. This makes Portugal an excellent place to explore businesses. From the investors’ point of view, it is the best country to participate.
Right to Vote and Participate in Election
After obtaining Portuguese citizenship, you get the right to vote and participate in the elections. You have the privilege to vote in any part of their European country.
Ways to Invest in Portugal?
Now, you will be wondering how to get Portuguese citizenship. Knowing all the benefits, you can invest in Portugal in the following methods. Check out the investment types.
Portugal has a thriving real estate market. It has a wide range of business opportunities for investors. The property market remains positive in 2023, receiving 116 residence permit cards. Real estate is one of the most popular options for investors.
Portugal offers a number of incentives for foreign businesses to invest in the country. You can have a minimum of 10 full-time jobs in a Portuguese business. There are specific conditions that depend on the area for investment.
Golden Visa Program
The Golden Visa Program allows you to obtain Portuguese residency in exchange for minimum investment. All the public services you may enjoy, along with provision to quality healthcare and medical. Medical insurance is necessary if you stay full-time with a Portuguese golden visa.
To Wind Up
To quickly wind up the topic, Portugal is an excellent place to live and invest. Consider investing in this country as it offers a safe and stable environment, a strong economy, favorable tax regimes, and a quality of life.
The country has many perks and benefits, including visa-free travel, quality education and healthcare, world-class seafood, mesmerizing beaches, coastal city life, and vibrant culture.
I hope we have made your trip to Portuguese citizenship worthy and exciting!