Portugal is one of the most beautiful places in the world with a rich history and culture. Low crime, low polution, and very simply put – a fantastic place to live or simply travel to for a holiday.
For non european citizens, it can be a very time consuming activity, obtaining all the correct visas each time you wish to travel to a new European country. For a person of means looking to add to their property portfolio worldwide, Portugal offers a fantastic alternative to some of the more common locations in Europe. As a special perk though, Portugal is one of a handful of countries that has now been granted permission to install a “Golden Visa System” for a brief period of time.
The Visa acts as a residence permit, which also allows the user to travel in any part of the European schengen area without restriction and permit you to capitalize, reside or just travel throughout the region.
There are many other benefits of holding this special visa, that basically allows you to act as a European citizen would. Buy and invest in any of the member states, send your kids to the best schools and universities the region has to offer and stay as long as you want in any country.
Portugal has the lowest mandatory stay duration of just 7 days in the first year. Much lower than the other countries offering the visa and you don’t need to actually live in the country to sign up.
There are no restrictions on the number of investments you make within Portugal and you can even earn an income from the investments. For example you could rent out your new home when it’s not in use by your family.
As a temporary resident of Portugal, no income tax is due on your revenues from overseas plus we do not impose an inheritance tax on foreign individuals.. Aside from that, it gives you access to all public services such as free education and healthcare.
Within 5 years, you can get permanent residency and after 6 years you can apply for Portuguese nationality.