Portugal is an attractive country situated at the far west of Europe, next to its single Iberian neighbor, Spain. A popular tourist destination among European residents and others from beyond the EU zone, Portugal shares its attractive coastlines and stunning countryside with 10 million visitors each year. Increased tourism and multiple renewable energy initiatives have helped Portugal to recover quickly from the downturn it suffered during the global financial crisis of 2008. Residents have the benefit of visa-free travel across Europe’s Schengen zone without restrictions, not to mention the beauty of living a relaxed, sun-filled lifestyle.
Residency by investment Program - a ‘Golden Visa’ investment which grants a permit through investing in capital (minimum of €250,000) or purchasing commercial or residential real estate (minimum of €280,000). The permit is initially valid for 1 year, then renewable every 2 years over a period of 4 years, at which stage the permit holder can apply for permanent residency. After an additional 2 years, citizenship is granted.
TIME TO CITIZENSHIP: