Portugal is famous for its richly varied culture, Mediterranean climate, and safe and sustainable environment that is an ideal standard for raising families, carrying out various businesses, and traveling. Over the years, Portugal’s Golden Visa has been one of the most prosperous residences from investment programs in Europe. At the beginning of 2020, the amount of €5 billion named Portuguese investment Migration as the most famous worldwide, and most applicants asked if there was any possibility of Portuguese citizenship with investment.
A change in Portuguese residence law last year prompted investors of the early Portuguese residents to obtain Portuguese citizenship. In the past few years there has been some uncertainty regarding the Golden Visa residency permit, this uncertainty has been attributed to the 5-year-old. Permanent residency application for citizenship, but it is already confirmed as applicants can obtain Portuguese passports after they have fulfilled the 35-day residency requirement instead of 5 years.
Benefits of Portuguese citizenship from investment
1. Investors shouldn’t shift
In other European Citizenship by Investment programmes, there is a need for applicants to maintain their investment and also stay in the country for a larger part of the year; Meanwhile, Portugal Passport Investment needs investors to stay in the country for seven days in any year and a total of thirty-five days.
2. High returns for investment
Portuguese economic power means investors can predict more returns for their investment compared to other countries. The growth of the tourism sector has led to an overture in the interest of temporary and permanent rentals in the country such as Lisbon and Porto.
3. Cheap investment options
Another constituent feature, among others, as an effective contribution to Portugal’s citizenship by investment is The Free Investment Options. Despite the excellent standard of living and stable economy, Portugal’s real estate market is different and less expensive than other countries in Western Europe.
The Portuguese Golden Visa starts with a price of €280,000 with a variety of options to choose from, you may decide to invest in Portuguese real estate or consider other accepted routes such as Portuguese Investment funds.
4. Generous tax incentives
Portuguese Golden Visa investors are entitled to Portugal’s Non-Ordinary Tax Regime (NHR). This gives a privilege to those responsible for Portugal Passport 6 to benefit from generous tax reduction or sometimes a full 10-year exemption.
Portuguese citizenship requirements with investment
To obtain citizenship by investment in Portugal, you must meet the conditions of residence for the Golden Visa Program; That’s seven days in any year or thirty-five days in 5 years. To apply for Portugal’s investment citizenship, you must be assured, and here are:
- There is no criminal record of the candidate.
- The possibility to meet the necessary fee of €250,000 which is required to invest in Portugal.
- A Health Insurance to prove that you do not have any diseases, infections, or any contagious diseases.
Processing time for Portugal’s citizenship with investment
After five years with the Portuguese Investment Visa, you can obtain a Portuguese passport to apply for citizenship. Investors must fill out the citizenship test in Portuguese language; It can be selected at any time before application.
Conclusion
Portugal’s citizenship by investment is one of the safest ways to become a Portuguese citizen. There are two basic things you should have – the money needed for investment (€250,000) and paperwork. There will be no way you won’t be granted access to become a citizen in Portugal.