Portugal Citizenship By Investment Filling Fast: Why Get it Now?

Posted by My Global Citizenship™ on April 22nd, 2021

Portugal is an emerging destination for investment immigration. The growing economy and the rise in housing prices - both make it an attractive destination for investment. The tourism industry also saw an increase of 7.4% in 2019. The country accommodated a record 29.5 million visitors that year. It offers a plethora of business & investment options in the tourism industry. Many investors seek Portugal citizenship by investment to avail these opportunities.

The demand for Portugal's golden visa program is multiplying. The program already brought in a billion investment by the end of 2020. It is on its way to achieving the milestone of 10,000 golden visas for Q3. The program is a preferred option for those investors who seek a residency in the European Union.

From January 2020, the new legislation will come into effect. The program would not allow investments in high-density areas like Lisbon, Porto, and other coastal regions. This year is the last chance for investors to get citizenship by investment in Portugal and property in these regions. Lisbon, the capital of Portugal, is one of the best cities to live in in the world. Porto is an exotic coastal area that is known for its amazing lifestyle.

This article will highlight why investors should get Portugal golden visas while the easy way is still open. Portugal investment immigration is an excellent way to become a European citizen as well. We will also highlight why the Portugal residency investment program is in high demand amongst Indian investors.

Why is Portugal Residency By Investment filling so fast?

The new legislation from January 2022 would not allow investors to get Portugal residency by investment in high-density areas. Investors seeking to migrate to these regions are investing now to buy properties in these regions. Property prices are on the rise, and it’s the perfect time to invest before the window closes. The next year, investment should be made in the interior regions like Azore, Madeira, and more.

Another reason is the change in the Portugal investment visa requirements. The €350,000 program would cost €500,000 from next year. The €500,000 option would remain unchanged but only allow for investment in the internal areas, similar to the other investment options in Portugal.

The pandemic is one of the biggest reasons for the rise in Portugal permanent residency by investment. Investors want to reside where healthcare and lifestyle facilities can support them in emergencies. Portugal has one of the best universal and affordable healthcare systems in the world. The country has shown its prowess in handling COVID-19.

Portugal residency program is now the topmost program for golden visas in Europe. It offers a high return on investment. The rental yield in property averages around 5%. Investors can buy a property and generate passive income. They can visit for 14 days in 2 years and maintain their residency permit with ease.

Why get Portugal Permanent Residency in 2021?

Portugal investment immigration is a 5-year permanent residency program in the country. It offers a plethora of benefits to investors and their families. Under one application, investors and their family of four members can migrate and start a new life in Portugal.

Here’s why investing in Portugal residency by investment program in 2021 is a good idea - 

1. High-quality life
   Portugal offers an unmatched quality of life.  Less pollution, less chaos, less turmoil - making life more peaceful. The country gives an upgrade in the standard of living. It is a culturally and historically rich country with a sound economy. Investors can grow their business and get a high-quality life at the same time.
   
   

2. International quality education
   Investors can send their children to some of the world’s best schools & universities in Portugal. They can easily access education and career opportunities in countries like Germany, France, Spain, and more. European residents get merit and tuition fee reductions over other immigrants.
   
   

3. Peaceful country
   Portugal consistently ranks amongst the top 3 most peaceful countries in the world. The relaxed lifestyle of the country makes it suitable for retirement. Many investors consider Portugal residency by investment as their Plan B. With real estate investment, Portugal, they can spend their retired life in peace.
   
   

4. European citizenship
   Many investors seeking a bright future for the next generation opt for Portugal investment immigration. After 5 years of permanent residence, investors can get citizenship by investment in Portugal. They become eligible to apply in the 6th year and are most likely to obtain citizenship than other types of immigrants.
   
   

5. Visa-free travel
   As investors get Portugal citizenship by investment, they can travel visa-free to 160+ countries of the world. Portugal residency investment program gives the freedom of global movement. Investors get visa-on-arrival access to other countries. It makes international business much easier and simplifies travelling for the family.

Conclusion

Portugal permanent residency is one of the most-searched-for programs in the world. Investment visas are not an option anymore - they are a necessity for investors. Portugal citizenship by investment protects their financials against economic turmoil and times of crisis like the pandemic.

Getting a second passport is an excellent choice for investors. A caveat is that when they become European citizens, investors have to surrender their Indian passport. India doesn’t allow dual citizenship as of now.

If you are an investor looking to migrate to Portugal through residency by investment, connect with our experts at My Global Citizenship™. Get your online consultation today.