When you get the opportunity to know Portugal better, there isn’t any denying falling in love with this country. It is a beautiful country to live in with a good climate, a range of attractions, quality education, quality healthcare, and a high living standard. Since 2012, there has been a Golden Visa Program in Portugal. It is a residence visa issued to non-EU nationals after they have made significant investments like purchasing real estate, making a capital investment, or creating employment opportunities in Portugal.
Moreover, it is a fast-track process for investors to obtain permanent residency and citizenship, visa-free travel to the EU, and the shortest path to Portuguese citizenship in as little as five years.
In short, it is a coveted visa for wealthy investors. In addition, it offers a range of benefits to investors and their family members. So, if you haven’t thought of investing in this program yet, we have curated every reason to show how it can be a great investment opportunity. Read on!
5 reasons showing Portugal’s Golden Visa Program is a great investment opportunity for you.
1. Scope to live and work in an EU country
Firstly, the program grants you residency in Portugal. And as it is a member of the EU, once you obtain a Portuguese passport, you become liable to have access to the full benefits of EU countries. All this means:
- life in a stable, democratic, prosperous, and secure community
- no border
- access to the EU single market
In addition, the businesses here also enjoy free movement of goods, services, and labor. Even they get free access to approximately 450 million customers.
2. Access to high-quality healthcare and education services
Once you get Portuguese residency or citizenship, you and your loved ones get access to several national services, including high-quality education and healthcare services.
It showcases good quality education at all levels, from elementary to university. Even in terms of literacy rate, the nation sits at 99.44 percent. The students, too, display good scores on PISA tests in a continuous manner.
Talking of the healthcare sector, Portugal’s publicly funded healthcare system is “Serviço Nacional de Saúde (SNS).” Portugal was ranked 3rd in patient care and medical infrastructure by the ‘World Index of Healthcare Innovation’ in the year 2021.
3. Access to the lowest costs of living
Portugal has to offer the lowest living costs without compromising its residents’ standard of living. Think of anything from food, education, healthcare, and leisure activities, to social activities, almost everything is very affordable here.
So, technically speaking, one can live a comfortable life in Portugal with approximately USD 1,400/month.
4. Scope for visa-free travel to EU countries
Once you get a Portugal golden visa, you ultimately get to enjoy the full right to travel visa-free to more than 100 nations. So, the idea of investing in the Portuguese golden visa program is the right move as it automatically grants the right to travel visa-free to anywhere in the EU.
So, investing in this program goes a long way in facilitating travel. The investment opportunity in this program for the residents of countries like Portugal, Spain, Hungary, Greece, and Malta has made the chances of being on the plane a lot easier. Again, the credit goes to the Schengen visa zone.
Furthermore, this constitutes economically and politically stable member countries, including Austria, Belgium, Czech Republic, Denmark, Hungary, Iceland, Italy, Estonia, Finland, France, Germany, Greece, and Slovenia. Spain, Sweden, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, and Switzerland.
5. Scope to get access to Portuguese passport in five years
After only 5 years of your investment in the Portugal golden visa program, you can get a Portuguese passport. It might not seem fast enough to you, however, trust us; it is the shortest period to get access to obtaining EU citizenship.
This passport grants the right to live, work, and invest in EU nations. In addition, it offers the scope to travel to more than 150 nations visa-free.
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While the majority doesn’t appreciate the wide range of benefits that comes along the way for those investing in the Portugal golden visa program instantly, the fact is- the program offers so many advantages to its holders that others can’t even think immediately.
So, considering everything, investing in Portugal’s golden visa program is a great opportunity for you.