What are the Main Benefits of the Golden Visa Portugal
The search for European Golden Visa programs has increased a lot in the previous couple of years. Countries like Portugal and Spain have benefited from the fact that investors can apply for Golden Visa permits in a competitive market, that will most certainly bring them return on the investment, especially when talking about real estate property investment.
In the case of Portugal, where you can apply for a Golden Visa permit with as low as €350,000 – in case it is an urban property in a renovation area or with 30-plus years -, the demand surpassed the offers and prices have risen since the program started, due to Portuguese Real Estate market dynamics, and the numbers confirm it, with more than €2.5 billion invested in the country.
The benefits are plenty and investors tend to see the value. Whether you are a businessman looking to base operations in an EU country, looking to invest in property to rent or re-sell, or even if you just want to provide your family with a safer and higher quality of living, health care and higher studies, Portugal is a country where all this is possible and where, for many years, foreigners have established themselves.
The Main Benefits Include:
- Permanent free entry and circulation in the EU and the other 25 Schengen Area countries is one of the most sought-after benefits;
- The freedom to live and/or work in Portugal is another of the main benefits of the Golden Visa permit, though your minimum stay is of just 7 days – for the first year – and you can maintain residence in another country.
- Becoming a “non-habitual resident” of Portugal for tax purposes is another of the great benefits of the Golden Visa scheme, since you would pay little or no tax for 10 years.
- After 5 years, you can apply for permanent residency or, somewhat more appealing for some, apply for full Portuguese Citizenship, with an EU valid passport.
All these benefits are extensible to the investor’s family, including the spouse or partner, under-aged or dependent children of either spouse or partner, dependent parents of either spouse or partner and under-aged siblings of either spouse or partner if legally under their supervision.
This means that, with the investment, you can bring and apply the whole family for a Portuguese Golden Via permit, so that they can take the most advantage of all benefits offered, providing, at the same time, the experience of living in an history-filled, fast-growing and very hospitable country by the sea.