Portugal Golden Visa
The Portugal Golden Visa is a immigrant investor program by the government of Portugal that grants residency in Portugal to people who invest in properties worth at least €500,000 or create 10 jobs in Portugal.[citation needed]
History
The scheme began in 2012,[1] and by May 2020 has been credited with investments of over 5.2 billion euros from over 20,000 persons (8,736 investors and 14,936 family members).[2]
As of August 2019, according to SEF, Chinese investment in Portugal under the scheme was down during the first eight months of 2019 a decrease of 15.7 percent from the same period of 2018. Investment by Brazilian nationals under the same scheme was up by almost 42 percent in 2019.[3] Spain and Greece have programs comparable to Portugal's Gold Visa program.[4]
Plan benefits
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Some of the advantages of obtaining a Portugal Golden Visa include
- Traveling visa-free in Europe’s Schengen Area
- Eligibility to apply for Portuguese citizenship after five years of legal residency
- Depended children and parents can be included in the application
- High quality education system
- The Portugese program is not blacklisted by the OECD
- Healthcare system
- Low crime rate and high lifestyle options.
See also
References
- ^ Mendonca, Susana (19 March 2014). "The winners and losers of Portugal's golden visa scheme". BBC News.
- ^ "GOLDEN RESIDENCE PERMIT PROGRAMME(ARI)" (PDF). SEF. 16 June 2020.
{{cite web}}: CS1 maint: url-status (link) - ^ "More Brazilians and less Chinese taking up golden visa". The Portugal News. 27 September 2019. Retrieved 25 October 2019.
- ^ "SEF - Serviço de Estrangeiros e Fronteiras". Portal Serviço de Estrangeiros e Fronteiras.
External links
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