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LIVING IN PORTUGAL: GOLDEN VISA OPPORTUNITIES

The Real Deal

Everything Real Estate in the San Fernando Valley
Tuesday September 5, 2023
LIVING IN PORTUGAL: GOLDEN VISA OPPORTUNITIES

With its warm climate, natural beauty and irresistible mix of old-world charm and modern convenience, Portugal has always been a top destination for travel. In recent years, however, it has also emerged as one of the world’s hottest real estate markets, captivating international buyers and investors with its social stability, economic incentives and access to Europe.

While geographically the country’s size and location on the Iberian Peninsula make it an excellent entry point to the continent, it’s the Portugal Golden Residence Permit Program that really opens doors to Europe and its distinctive, high-quality way of life.

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What is The Golden Visa Program?
The Portugal Golden Residence Permit Program—better known as the Golden Visa program—is an initiative that allows non-EU nationals the opportunity to obtain residency by investing in Portuguese real estate and eventually provides a pathway to citizenship. Because Portugal is a full member of the EU, participants in the program can travel freely between the other 26 European countries within the Schengen Area.

Participants also gain the right to live, work, and study in the country, opening up exciting opportunities for personal and professional growth. Given the country’s stable economic outlook and top-tier private and public education — including universities and international schools — it’s no wonder that young professionals and families have flocked to take advantage of the program.

Once there, participants often find they have no intention of going back, charmed by the welcoming and English-proficient locals, mild weather and delicious food and wine culture. Portugal is also regularly rated among the safest countries in the world and lauded for its excellent healthcare system.

For investors, high net worth individuals and retirees who don’t necessarily want to relocate permanently, the Golden Visa program is equally alluring, as it only requires an average stay of seven days per year in Portugal over a five-year period to qualify. Moreover, Portugal’s non-habitual tax resident status presents a compelling financial incentive, allowing eligible applicants who fulfill government requirements to enjoy reduced tax rates on income and capital gains for a duration of 10 years.

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