Portugal is one of the numerous European countries that is famous for many things. Probably, you know this country for its soccer fame and popular port wines. In the world of business, the state is more popular for its golden visa program for investors. But the good thing is that it extends to entrepreneurs as well.
This program is almost a decade old. Since it started in 2012, officials can confirm that the number of foreigners seeking to use this program has been going up annually.
This state has one of the best standards of living in Europe, a great business environment, and EU membership. The list of perks for foreigners continues getting longer by the day. Importantly, foreigners in both the EU community and beyond can earn a PR permit, which is almost like citizenship, through investments in various programs and businesses.
Qualification for Portuguese PR
The golden visa program is not only easy to apply to but also very open. It requires the applicants to contribute to the country by investing in capital, real estate, or business. The state is clear about the minimum contribution in each sector.
- Business investment – If you want a Portugal PR permit from investing in a business, then the opportunity is right in front for you. All you need is to start a business in Portugal with capital of 1 million euros. Business experts recommend that the opportunity is excellent for investors who are interested in exploring what other regions of the world have to offer. However, there are many other business opportunities such as tourism, agriculture, software, fashion, and healthcare. If you conduct your business market research well, it is easy to set up a successful business in the country.
- Real estate – This is a prime sector in the country that investors from all corners of the world admire. Hence, anyone who would like to earn a Portugal PR permit can explore this option. The minimum investment to make is to buy a property worth 500,000 euros or more. Many rich business people and politicians from around the world have opted for this option since they can rent out the property to get money in return or use it to live in Portugal as they conduct other business. If you are interested in this permit, it is prudent to speak to One Visa Pte Ltd for more help.
- Capital contribution – Apart from the common investments that we have discussed above, you can also inject money in the form of capital into this state. They require you to invest a minimum of 1 million euros, and you are good to go. However, there are other capital options in some special cases, and you can check them on the state’s government website for more detailed information.
Benefits of the Portuguese Golden Visa Program
As mentioned, this permit comes with EU perks that you can enjoy at any time. The good thing is that you do not have to live in Portugal if you do not want to. You will only be there for a short time every year. Here is a list of the top benefits for Portugal PR permit holders.
- Traveling – Apart from visiting Portugal during your vacations, business trips, or for any other reasons, you also get to travel to other EU countries without the need for a visa. This also applies to those who seek to study in these areas.
- Investment programs – Europe has numerous investment programs. Portugal has negotiated a number of them within EU guidelines, and you get to benefit from them if you have this PR permit. All you need is to understand what is necessary for them and select the one that suits your needs.
- Chances of citizenship – Usually, Portugal promises and gives citizenship to PR permit holders after five years. However, there are requirements for investors and business people to fulfill within the said period.
- Tax exemptions – As a business investor, one of the perks you will get with this program is the exemption from various taxes under EU negotiations. Portugal has also signed bilateral trade options and trade agreements with various countries to avoid double taxation. Check if you qualify for any of these when planning to invest in this country.
- Benefits for your family – Under this program, immigration benefits tend to flow to your spouse and kids. They will get to travel with you and settle down in Portugal, receive an education, and work without many restrictions.
Conclusion
If you have confirmed that you qualify for the Portugal Golden Visa, you will need to complete other requirements like the visa processing fee, agency fee, and documentation that is required. With the help of an agent, this will be just another smooth and successful process. All the best.
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