What is the Golden Visa in Portugal? 🇵🇹
The Portugal Golden Visa is a residency by investment program aimed at non-EU/EEA citizens seeking permanent residency.
The Portuguese government launched the Golden Visa program in October 2012 to boost the country's economy by driving foreign investment. Today, the program is one of the most popular of its kind in the world and has raised over €6 billion.
With a range of investment options from real estate property to capital transfers, the program grants you a residency permit to live, work and study in Portugal. The country offers a high quality of life and affordable living costs. Those who qualify also benefit from greater freedom of movement, with visa-free access to 188 countries, including European Union countries in the Schengen Area.
The program also offers long-term benefits. Applicants can apply for Portuguese citizenship, permanent residence and an EU passport after holding residency status for five years. Portugal citizenship by investment is becoming increasingly popular due to the high standards of living that Portuguese residents enjoy.
Why is Portugal a popular citizenship by investment location?
The Portuguese Golden Visa program has helped thousands of families successfully relocate to Portugal, allowing them to enjoy a high quality of life and rich culture.
Portugal is the westernmost European country. Its colonies extended across Africa, Brazil, Persia, Indochina and the Malay Peninsula, creating one of the world’s most globalised and peaceful nations. Portugal is considered very safe and has a low crime rate. Although Portuguese is the official language, English is widely spoken in tourist regions.
Portugal is a member of the Schengen area and began using the Euro as its currency in 2002. While Portugal is shifting towards offering business-oriented services, a third of its economy remains in manufacturing. It is the world’s largest supplier of cork and enjoys the benefits of a strong tourism industry.
Portugal is renowned for its culture and architecture, which has had a widespread impact on most of the western world. Of course, Portuguese cuisine has huge appeal with many fish and pastry dishes, too. And we can't fail to mention Portugal's love of football.
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