Portugal’s Golden Visa- Advantages for Foreign Investors

0
1330

Portugal has always been a traditional holiday and retirement destination but is now becoming an increasingly attractive location for those in employment with more flexible working conditions wishing to relocate and those in receipt of a pension and other types of income.

In 2012 the Portuguese government launched a fast-track immigration programme for large-scale foreign investors, known as the “Golden Visa”. Under that programme, foreigners get a number of advantages, like a residence visa waiver for entering Portugal and a visa exemption for travelling within the Schengen area. Later they can apply for Portuguese citizenship. By the end of 2015, Portugal had issued 2,788 “golden visas”, resulting from investments of 1.69 billion euros, with 1.53 billion euros stemming from property investments.

A surge in French interest has been seen in the last two to three years with many citing Portugal’s Non-Habitual Tax Residency regime (NHR) as a key incentive. To continue reading click here…

LEAVE A REPLY