While Portugal does not have a citizenship by investment scheme, it does have a popular golden visa residency program that can lead to citizenship. An applicant and dependents are awarded five-year residence permits after making an investment, allowing them to freely live, work, and re-enter Portugal. Another benefit of obtaining a residence card is that it allows you to travel freely, visa-free entry to the Schengen Area.

Portugal is a country with a lot of history, culture, and delicious food. Residents benefit from a pleasant temperature, a secure environment, and pleasant neighbors. The country has a well-developed financial system and an open attitude toward technology.

There are a number of ways to obtain a golden visa. The golden visa can be obtained in any of the following ways:

  • Deposit a minimum of 1 million euros in an authorized account.
  • Make/Create 10 new jobs.
  • Invest in real estate, ranging from as little as 280,000 euros for refurbishment to as much as 400,000 euros in low-density regions.
  • Pick between donating 350,000 euros to research, 250,000 euros to art initiatives, or at least 350,000 euros to a specific investment venture capital fund if you choose the capital investment path.
  • Invest 350,000 euros in a Portuguese firm that will create five permanent employment over a three-year period.

Portugal has been quite liberal and approachable when it comes to doing financial due diligence on golden visa applicants, which is just another reason to consider Portugal as a top candidate for a second passport. The country permits dual citizenship; thus, after 5 years of residency, an individual can apply for Portuguese citizenship. A Portuguese passport enables the bearer to travel to 185 countries across the world, as well as the right to free movement inside the European Union.

Copyright 2021-24 Chilterntnt Travel & Tourism. All Rights Reserved.