When you think of Portugal, what comes to mind first? Is it the colonial fleet that dominated the Atlantic? The football superstar Cristiano Ronaldo? Or perhaps the world-famous dessert, the Portuguese egg tart? In fact, beyond these, there is much more to Portugal worth noting, such as the highly popular Portugal Golden Visa program and its well-regarded high-welfare system. Below, join Worldway to explore several of Portugal's commonly used welfare systems.
Medical Benefits
According to a report by the World Health Organization, Portugal's healthcare system ranks 12th globally. Public healthcare accounts for 10% of Portugal's total GDP, and both citizens and legal residents can enjoy local medical benefits.
Public hospitals in Portugal provide free medical services to Portuguese citizens, those with legal residency, or foreign nationals with valid work permits. Private medical benefits offer better value for money, requiring only the purchase of a private hospital insurance plan costing a few dozen to a few hundred euros.
Educational Benefits
Portugal also has significant welfare policies regarding children's education. Portugal implements 12 years of compulsory education, and students aged 6-18 can enjoy free public education. Additionally, the government provides a monthly subsidy for children's educational expenses.
Child Benefits
Like most high-welfare European countries, children receive a monthly government subsidy from birth: 145.69 euros per month, and 36.42 euros per month after their first birthday. If the child remains in education, this can be received up to the age of 27. These two benefits are not contingent on social security contributions; all children of Portuguese residents are eligible.
Sickness Allowance
This is a financial subsidy provided to compensate for loss of income for citizens who are temporarily unable to work due to illness. The amount received is 55%-75% of the original salary, and it can be claimed for up to 3 consecutive years.
Unemployment Allowance
Those who work legally in Portugal and become involuntarily unemployed can receive unemployment benefits if they have a record of salary payments for more than 450 days within the two years prior to unemployment, or at least 180 days of salary payments within the 12 months prior to unemployment. Benefits can be enjoyed for up to 540 days from the start of unemployment, with the amount being 55%-65% of the original salary.
Maternity/Paternity Benefits
After pregnancy, one can apply for prenatal check-up subsidies. All costs from the first check-up until the birth can be covered for free. The amount received is 16 weeks of maternity allowance. For multiple births, an additional two weeks of allowance are provided. If both parents are employed, the father can apply for 10 weeks of paternity leave.
Pension
Portugal's pension system is extensive and well-developed. Those over 65 can receive old-age pensions and retirement benefits. To ensure the well-being of the elderly, there are supplementary pensions for those over 80. Long-term care allowances can be applied for in cases of long-term bedridden illness or severe mental illness, and elderly people living alone can apply for a survivor's pension.
Portugal's superior system attracts more and more people. According to foreign media reports, many French retirees have applied to move to Portugal. Currently, through the Portugal Golden Visa program, by purchasing a property starting from 350,000 euros, the whole family of three generations can apply for Portuguese Golden Residence status. You can also travel freely through 26 Schengen countries. After meeting the conditions, you can apply for Portuguese citizenship, obtain a European Union passport, and gain not only a property in Portugal but also a change in status and access to an excellent welfare system. Immigration is best done sooner rather than later. Those interested in investing in Portugal should seize the policy benefits and take advantage of the great opportunity to invest in property in Lisbon and Porto. Get on board early to secure your status sooner.
As a top 500 Asian brand, Worldway Group, one of the earliest immigration agencies to promote the Portugal Golden Residence program in China, is partnering with a powerful Portuguese developer to introduce another major property project to investors—Lisbon city center apartments are now on sale. Properties are limited, first come, first served!
Overview of the Lisbon City Center Apartment Project
Project Type: Apartment
Unit Type: 1-bedroom
Price: From 286,800 euros
The project is located in the heart of Lisbon—a bustling and historic area with a unique geographical advantage. Art galleries, restaurants, bars, parks, and hotels are all gathered here. The project is adjacent to the Marquês de Pombal Square, Eduardo VII Park, and Avenida da Liberdade, with convenient access to metro lines. Surrounding living facilities such as star-rated hotels, shopping centers, supermarkets, and hospitals are all available.
Convenient Transportation
The project is located at the intersection of multiple metro lines that run through the entire city of Lisbon, making transportation extremely convenient. The project forms a network with metro station routes, increasing transportation dimensions while making the project itself more comprehensive.
Marquês de Pombal Metro Station — 448m
Picoas Metro Station — 615m
Parque Blue Line — 666m
Anjos Metro Station — 870m
Saldanha Yellow Line — 1.1km
Embassy Area, Good Security
The project is located in an embassy area with good security, adjacent to the Italian Embassy, and not far from the German, British, and Danish embassies. The residents are mostly high-level professionals such as embassy staff. The excellent regional environment makes the project easier to rent out.
Multiple High-Quality Hospitals Nearby, Convenient Medical Care
The project is located in the city center, surrounded by several high-quality hospitals. The Alfredo da Costa Maternity Hospital, Santa Marta Hospital, and Curry Cabral Hospital are among the nearby national cooperative hospitals, providing convenience for your future overseas health and medical needs.
Project Interior Renderings (The following images are for reference only, subject to actual delivery)
Purchase a property from 350,000 euros, and you can not only gain a property with permanent ownership but also apply for a Portuguese Golden Residence permit for your whole family of three generations. If you meet the conditions, you can also apply for Portuguese citizenship and obtain a Portuguese EU passport, achieving a double harvest of investment and status. Currently, you can enjoy major discounts on property purchases. Properties are limited, so act early to get a good home!
2020 Health Planning Year! Health planning, status first! For more details, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798.
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* The above information is for reference only and does not serve as a basis for investment. Investment involves risks, and choices should be made with caution. *