The Portuguese government launched the Golden Residence Permit program in 2012, allowing investors to apply for a Portuguese Golden Residence Visa for their entire family by investing in Portuguese real estate starting from €500,000, which has been highly sought after by investors. In June 2015, the Portuguese Parliament passed a new Golden Residence Permit law (Law no. 63/2015), introducing new investment options for Golden Residence applications. One of these options is that applicants can invest in properties in Portugal that are over 30 years old or located in designated urban rehabilitation areas, and renovate them, with a total investment value exceeding €350,000, thus allowing their entire family to obtain the Portuguese Golden Residence Permit.
In fact, investing in Portuguese real estate starting from €350,000 not only grants you a Portuguese Golden Residence Permit but also allows you to apply for a Portuguese EU passport. In July 2018, the Portuguese government enacted the "Amendment to the Portuguese Nationality Law," lowering the citizenship application threshold by reducing the residency requirement from 6 years to 5 years. This means that holders of the Portuguese Golden Residence Visa who have resided in Portugal for a total of 35 days within 5 years and have passed the A2 language exam in Portuguese are eligible to apply for Portuguese citizenship and obtain a Portuguese EU passport.
The Portuguese passport holds significant value
According to recent reports from a well-known institution, the 2019 Global Passport Ranking shows that the Portuguese passport ranks sixth in the world, with visa-free access to 185 countries.
This passport ranking includes passports from 199 countries and regions. Among them, the Portuguese passport is tied for sixth place with the United States, Australia, the United Kingdom, the Netherlands, Sweden, Norway, Austria, and others, allowing visa-free access to 185 countries and regions.
Holding a Portuguese EU passport allows for free movement, work, and residence in 28 EU member states (including the United Kingdom, Germany, Austria, Italy, France, Finland, etc.) as well as in 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein) and Switzerland, totaling 32 European countries, enjoying the generous benefits of EU citizenship, 1=32!!!
In today's globalized asset allocation environment, both individuals and enterprises need to seek new opportunities. In recent years, with the steady recovery of the economy, European investment has entered a golden decade, and more and more enterprises and individual investors are viewing Europe as a destination for global asset allocation. Global asset allocation starts with identity! Investing in Europe and obtaining an EU passport that can break through visa and residency barriers will be more advantageous in seizing the opportunities of the golden decade of European investment. For more details, please consult: 400-138-2929.
