Amidst the ever-growing quest for residency in the European Union (EU) and the pursuit of lucrative investment avenues, one program has emerged as a shining star: Portugal's Golden Visa. With an irresistible combination of coveted EU residency and enticing investment opportunities, it's no wonder that individuals and families alike are flocking to Portugal.
Understanding the Golden Visa Program
Portugal's Golden Visa program was introduced in 2012 with the aim of attracting foreign investment to boost the country's economy. It provides a streamlined pathway for non-EU citizens to obtain a residency permit by investing in Portugal.
To be eligible for the Golden Visa, applicants must meet certain criteria, including being a non-EU/EEA citizen, having a clean criminal record, and maintaining the investment for a specified period. The program is open to both individuals and families, offering an attractive option for those seeking to relocate to Portugal.
One of the main attractions of Portugal's Golden Visa program is its flexible investment options. Applicants can choose from several investment routes, including:
- Property Investment: Investing a minimum amount in real estate, either through the purchase of a property or properties, construction projects, or urban rehabilitation.
- Capital Transfer: Transferring a minimum amount of capital to Portugal, such as through bank deposits or investing in Portuguese companies.
- Job Creation: Creating a specific number of jobs for Portuguese citizens or legal residents.
- Research Activities: Investing in scientific or technological research conducted by public or private institutions.
Benefits of the Golden Visa
Portugal's Golden Visa program offers several advantages to participants, including:
- Residency Permit: Successful applicants receive a residence permit, allowing them and their family members to live, work, and study in Portugal.
- Visa-Free Travel: Residency permit holders can travel freely within the Schengen Area, comprising 26 European countries, without the need for additional visas.
- Pathway to Citizenship: After maintaining the investment and meeting the residency requirements for a specified period, participants can apply for Portuguese citizenship, which grants EU citizenship and associated rights.
- Education and Healthcare: Golden Visa holders can access high-quality education and healthcare services in Portugal.
- Investment Opportunities: Portugal offers a favourable investment climate, with various sectors such as real estate, tourism, renewable energy, and technology offering attractive opportunities for Golden Visa investors.
New World Immigration has partnered up with developers in Portugal in order provide an opportunity to those seeking to invest and gain residency in the EU.
The highly acclaimed Golden Visa program has captured the attention of investors worldwide, offering a flexible investment avenue with unparalleled benefits and access to the European market. With an increasing number of individuals and families seeking to relocate to Portugal, there's no better time than 2023 to explore the captivating possibilities that await you on the scenic shores of the Iberian Peninsula.