Golden Visa programs are popular options for many investors these days. These residence by investment programs offer attractive opportunities for their applicants. The residence permit enables visa-free travel within the Schengen Area and this way the investors can increase their global mobility. The popular programs include Golden Visa Portugal, Golden Visa Spain, and Golden Visa Greece.
There are different available investment options that are allowed by each of these programs.
For instance, the Portuguese government requires one of six different investment routes. The most popular option is a real estate investment of at least 500,000 euros. As the Golden Visa Programs are becoming more and more in demand, cheaper or more expensive investment alternatives will keep coming up.
However, the advantages you will get after getting Portugal’s Golden Visa is greater than its counterparts. A foreign investor who keeps his or her Golden Visa in Portugal for five years can then apply for a Portuguese citizenship. Thus, investors can benefit from the advantages of Portuguese citizenship and a Portuguese passport. This makes the Portuguese Golden Visa a better option than the other European Golden Visa Programs.
After the Application
After the investor has successfully made the investment and got accepted into the program, the investor first receives a temporary residence permit for one year. If the applicant spends at least seven days in Portugal and maintains the investment, he/she can renew the residence permit for two years. In these two years, the investor is expected to spend at least a total of 14 days in Portugal. With the maintenance of the investment, the same process is repeated for a second time. After a total of five years, the investor can apply for Portuguese citizenship.
The Most Popular Program
Portugal’s Golden Visa program was the most preferred investment program for three consecutive years. Portugal attracts foreign investors from China, Brazil, Turkey, South Africa, and Russia. Total investment in the country under the program exceeds 4 million euros.
Portugal Golden Visa program continues to be one of the most popular programs in the market.
As the international demand in the Portuguse property market increase, the interest in the Portugal Golden Visa will continue to grow in 2021. The program especially draws attention because it can actually lead to citizenship. European citizenship can make a lot of difference for high net worth individuals who want to expand their business. Therefore, Portugal Golden Visa is worth looking into.