PORTUGAL

BENEFITS

Holders of a Golden Residence Permit enjoy the following benefits:

• Small requirement of actual residence in Portugal (7 days per year)
• Eligible to apply for Portuguese citizenship after five years of legal residence; other citizenships may be retained.
• Visa-free entry to all of the EU Schengen states
• Tax advantages
• Family reunion, meaning certain family members can get Portuguese residency
• Access to healthcare and education within Portugal
• Excellent quality of life, superb cuisine, a diverse and vibrant culture, mild climate, and a high level of security
• Processing time 6-8 months

APplication process

ABOUT THE COUNTRY

Portugal was a major military, political, and economic world power in the 15th and 16th centuries.

Its influence is still felt across the world: there are 300 million Portuguese speakers, and several Portuguese creoles are spoken around the world.

Today it is a member of the EU and the Eurozone, part of the Schengen group of countries, one of the world's advanced nations with a high Human Development Index, and a stable, secure environment. Its economy is shifting from manufacturing towards business services with flourishing tourism industry and it is the world's largest producer and exporter of cork.

It is committed to developing renewable sources of energy such as hydro, wind, and solar power. More than half (55%) of its power requirement was met from renewable in 2018 and by 2040 the entire electricity requirement of mainland Portugal will be met by renewable sources.

In October 2012, Portugal changed the Immigration Law 29/2012. The changes granted non-EU Citizens a temporary EU Residence Permit for up to five years if they invested in Portuguese real estate.

Dubbed the Golden Residence Permit (GRP) program, this program offers a quick and easy way for non-EU property investors to attain residence in Europe.

CURRENCY

• Euro
• Exchange rate: 1 Euro= US$1.18