A Portugal residency investment programme, also known as a ‘Golden Visa’, allows you to be a permanent resident of the beautiful Mediterranean country. Here are some facts on the ‘land of Fado’ — Portugal’s renowned folk music known for its distinctive expressive nature. Also named as the world’s best place to retire.
Portugal has a population of just over 10 million, over an area of 92,212 km². The European country has one of the highest life expectancy rates at 81 years old.
The euro is the official currency of Portugal. After the US dollar, the euro is the second-largest and second-most traded currency in the world.
The capital city of Portugal is Lisbon. The capital is also Portugal's largest city with an estimated population of 504,718.
Portuguese is the official language of Portugal. Over a quarter of the population speak English (27%). Spanish (10%) and French (15%) are also spoken in Portugal.
Portugal generally enjoys hot summers and wet winters.
As of 2018, the GDP of Portugal stood at nearly 238 billion dollars (US), with YoY growth for 2019 and 2020 estimated at 2% and 1.7% respectively, indicating a positive upward trend for the Mediterranean nation. The country’s GDP accounts for 0.38% of the total world economy.
Portugal is a country in southwestern Europe. The Portuguese Republic as it is officially known is located on the Iberian Peninsula. Portugal is the westernmost sovereign state of mainland Europe. The country borders Spain to the north and east, and the Atlantic Ocean to the west and south.
Portugal is home to Monte Rei Golf and Country Club, which is considered one of the best golf courses in Europe.
Portugal boasts a wealth of history. It is not only the oldest nation-state on the Iberian Peninsula, but it is also one of the oldest in the world. Since prehistoric times, Portugal's territory has been invaded, settled on, and fought over.
A Portugal residency investment gives you access to a favourable tax regime as a non-habitual resident (NHR).
After five years, you can apply for permanent residency and six years for citizenship, which is typically granted within two years.
Portugal residency investments represent an excellent opportunity for investors looking for high-quality assets. Portuguese property has attractive yields of up to 7% and 5% average capital appreciation.
The Portuguese Golden Residence Program grants visa-free access within the 26 members of the Schengen zone.
Portugal has high standards of schooling. Residency also grants access to many prestigious universities at lower EU tuition fees.
Portugal has a low minimum stay requirement; just seven days during the first year and fourteen days during each subsequent years of residence.