Updates:Al Ameri Tower, Office 2001, Floor 20, Al Barsha Heights, Dubai, UAE Read More
With the help of Portuguese Residency Program, investors can obtain permanent residency in Europe and then the fifth strongest passport in world.
You can choose between several investment methods for the Portuguese Residency Program, which includes investing in real estate and real estate funds, but Portugal recently canceled this due to the housing problem and real estate conflicts.
But the residency program in Portugal eliminated two options and left 6 investment options that you can choose from to obtain residency and a Portuguese passport after investing in Portugal for only 5 years.
The Portuguese Residency Program, the so-called Activity Residence for Investment (ARI) or Portuguese Golden Visa, was created in 2012, which gives the right to all investors from outside the European Union and European Economic Area to obtain it.
Investors are required to have a simple residence of only 7 days per year in order to maintain the Portuguese residency program and then become eligible for Portuguese citizenship later through this residency.
After acceptance, you will obtain residency for two years, then renew it for another two years, then two years. At the end of the first year of the last extension, you will have several options: either apply for permanent residency in Portugal, apply for Portuguese citizenship, or continue with the Portuguese residency program.
In 2023, Portugal abolished real estate investment options and real estate funds. And canceled the transfer of capital of one and a half million euros in order to obtain the Portuguese residency program. But at the same time, it kept 6 other options.
▶ If you are registered in the Portuguese Residency Program, you will be registered in the Central European system at the same time, which means that you can move around and reside in Europe comfortably.
▶ Portugal is famous for its famous health system called SNS, through which you can access health systems for free, as well as having a mix of public and private health sectors, with the right to purchase health insurance with the help of the Portuguese Residency Program, which is affordable for everyone.
▶ After 5 years of residency and applying for permanent residency or citizenship, after that you do not need to maintain your investment and you can make a financial return from it.
▶ A work permit qualifies you to work anywhere with the possibility of establishing a company in Portugal.
▶ The presence of a European Portuguese educational system and British and American private schools and universities.
▶ In the case of citizenship, you will be able to enter 188 countries without a visa because Portugal is the fifth most powerful passport in the world.
▶ Portugal has stunning landscapes, long coastlines, friendly people, sunshine-filled atmosphere and delicious cuisine.
▶ Practicing any work activity as an independent professional.
Portuguese Residency Program and Tax Exemptions
Portugal has a Non-Habitual Residency (NHR) programme, which is specially designed for investors considering residency in Portugal, where you can be exempt from income tax for 10 years, except for retirees who must pay taxes due on their pensions.
As for the rest of the taxes, they are not imposed on you unless you are a tax resident, and this condition is met if you reside more than 183 days in Portugal annually.
Non-taxable residents also benefit from the advantage of withholding income tax when distributed by capital funds.
Portugal is one of the safest havens for cryptocurrencies, as it is not included in taxes. With the right to trade it and even invest in it in order to obtain a Portuguese residency programme.
Portugal also offers tax breaks on foreign interest and capital gains on real estate, stocks, rents, inheritance and wealth.
▶ Children under 18 years old.
▶ Dependent children under 26 years of age who are studying full-time and are not married.
▶ Parents of the applicant and must be over 65 years of age.
1- Creating job opportunities for 10 members.
2- Creating at least 8 job opportunities in a Portuguese company established by the applicant in areas with low population density.
3- Investing €500,000 in establishing or expanding a company based in Portugal with 5 full-time work positions for 3 years.
4- Investing $500,000 in non-real estate capital funds.
5- Contribution of 250 thousand euros to preserve the Portuguese national heritage and support artistic activities.
6- A contribution of 500 thousand euros to support scientific activities and research.
In the years since the Portuguese residency program was created, 12,000 individuals have applied for the program, and Portugal has received more than $11 billion. The Chinese were among the largest countries, then the Brazilians, then the citizens of South Africa, then the Turks and the Russians. The program also received great interest from Gulf, American and British citizens.
The Portuguese residency program has emerged among Gulf investors and businessmen. Regardless of the set of advantages, the most important reason for choosing the Portuguese program is that the Gulf countries do not accept dual citizenship and therefore they cannot apply to citizenship programs all over the world, but with Portuguese residency they can reach Europe comfortably and establish businesses and companies there.
Americans also choose Portugal for the purpose of establishing a company in Europe via Portugal and for tax incentives in Portugal. As of 2021, British citizen have become eligible for this program, which helps them gain freedom of movement in the Schengen countries, especially after they leave Schengen and lose the ability to move between the Schengen countries. It is worth noting that British and American citizens choose the Portuguese residency program for four reasons:
▶ Quality of life in Portugal
▶ Ease of movement in the Schengen area
▶ Portugal’s attractive tax system
▶ Citizenship after residency
✓ Residency is not required to obtain, maintain or renew the Portuguese Residency Program. However, you must attend for 14 days every two years, separately or together, and this is a very simple residency requirement.
✓ Make the right investment and then keep it for 5 years.
✓ The main investor must be at least 18 years old.
✓ You have a clean criminal record from your country of origin and from Portugal.
✓ The origin of the funds used for investment must be outside Portugal.
After applying the following conditions, the investor is entitled to obtain a Portuguese passport:
✦ The residence permit is symbolic for a period of 5 years, and the duration of the residence permit is 7 days per year as a real residence.
✦ Paying taxes in Portugal.
✦ Free criminal record from Portugal and country of origin.
✦ Pass the Portuguese language test.
✦ Selection of Global Citizen Consultants as an approved office for the Portuguese Golden Visa Program.
✦ Collect the required documents.
✦ Get a NIF and open a Portuguese bank account.
✦ Invest in the chosen method.
✦ Send all the above files to Global Citizen Consultants.
✦ Attendance for biometrics.
✦ Obtain a Portuguese residency program.
✦ Renewal of the Portuguese Residency Program.
✦ Guarantee of permanent residence in Portugal.
✦ Eligibility to possess a Portuguese passport.
To take a look at all our articles and learn more about Global Citizen Consultants and Residency & Citizenship by Investment programs, visit our website to get a comprehensive knowledge of what is mentioned.
Subscribe us & get
latest news & articles to inbox.