Portugal – Europe is a member of the North Atlantic Treaty Organization (NATO) and the European Union (EU). Portugal has become a diversified country with an increasingly service-based economy. Portugal takes its art seriously and family is placed at the heart of everything. The country is admired for its architecture. The climate in the country is ideal with hot summers and mild winters. According to InterNations, an expat support network based in Germany, Portugal overall ranks among the top 3 out of 64 countries for leisure options, health & well-being, safety & security, personal happiness, travel & transportation, and digital life. From groceries to rent, the cost of living is undeniably low. Moving to Portugal has always been a very attractive proposition for people. The Ministry of Internal Affairs (MAI) reported that more than 82,000 new residence permits had been issued this year.
The Golden Visa Stream has proven to be the most favored and recognized stream for investors attracted to its ease and benefits. Eligible applicants can obtain residency within three to six months. The most attractive option is the ability to apply for European Citizenship after 5 years by fulfilling the 35 days residency requirements. It allows Visa-free travel within the Schengen Zone. It is an approved Government Program by the Portuguese Government. It started back in 2012, in this program, you are allowed to make an investment of €500,000 or €350,000 or €280,000 in real estate with full rights and acquire European Residency and Citizenship in the country (European Citizenship). The stability & success of the program is depicted by the total investment in this program which is approximately €4,622,042,687/=
The salient features of the program are mentioned below:
• Investment of €350,000 in an approved project.
• The project is owned by a huge real estate development company.
• This particular project will give you a return of 3% profit on your investment per anum, which is cumulatively 15% profit after 5 years.
To shed some light over ROI, it would be safe to mark approximate 3% per annum which means an investor who apply for Portugal Golden Visa will be earning 15% on his investment in real estate over a period of 5 years which makes this program much more attractive for investors seeking Residency & Citizenship through investment.