In recent years, Portugal’s golden visa program has attracted nearly 5 billion euros of overseas investment. With its high quality of life, excellent environment, and visa-free access to the Schengen area, Portugal is emerging as a top destination for investment immigration. By the end of 2019, Portugal’s golden visa approval rate reached 98%. For global investors looking to immigrate to Europe for better education, healthcare, and visa-free travel, Portugal offers a compelling value proposition. This article will analyze the reasons why Portugal is becoming a prime location for investment and immigration.
Portugal’s golden visa program offers an efficient path to Portuguese and EU residence
Launched in 2012, Portugal’s golden visa program grants residency rights in return for real estate investment of at least 500,000 euros. Applicants can qualify for permanent residency after 5 years and apply for Portuguese citizenship after 6 years. A family of three generations can apply together. Golden visa holders enjoy access to Portugal’s high-quality education system and healthcare services. They also gain visa-free travel within the Schengen area. For investors seeking residence in Europe, the Portuguese golden visa offers a straightforward and accelerated route compared to other European countries.
Portugal is recognized globally for its safety, quality of life, and comfortable climate
In 2019, Portugal ranked 3rd on the Global Peace Index for safety and security. It placed 8th in Mercer’s Quality of Living Ranking thanks to its mild climate, environmental quality, and good infrastructure. Portugal’s sunny Mediterranean climate makes it an appealing destination for many. Its coastal location and historical charm also make it a popular tourist destination. For those looking to immigrate to Europe, Portugal offers an exceptionally high quality of life.
Portugal offers an affordable cost of living compared to other EU countries
The cost of living in Portugal is around 30% lower than other Western European nations. Consumer prices including groceries, transportation, and utilities are very reasonable compared to the EU average. Rental prices are around 50% cheaper than in cities like London or Paris. Healthcare and private school tuition are also relatively affordable. With its lower cost of living, mild climate, and seaside locales, Portugal offers a comfortable lifestyle for expats and retirees.
Portugal passport grants visa-free access to Europe, UK, US, Canada, Australia
The Portuguese passport is ranked 7th globally, providing visa-free access to 185 destinations. Portuguese citizens can freely live, work and study in all EU and Schengen area countries. They also enjoy visa-free access to the UK, US, Canada and Australia. For investors seeking global mobility, the Portuguese passport unlocks easy travel to North America, Europe and Asia. Alongside its golden visa program, Portuguese citizenship offers investors broader lifestyle choices plus the ability to easily educate their children overseas.
With its efficient golden visa program, high quality of life, Mediterranean climate and low cost of living, Portugal has become a top destination for investment immigration. Its visa-free passport also offers global mobility for those seeking to immigrate to Europe. For investors seeking European residence and citizenship, Portugal provides an appealing solution.