The Global Peace Index, which is conducted and published by the Institute for Economics and Peace, has ranked the country of Portugal as the third most peaceful country in the world in 2019.
This has just been the official confirmation of something than more than fifteen thousand high net worth individuals ant their families have already known since 2009, which has made the country of Portugal the new California where entrepreneurs, business men and women, movie stars – such as Monica Bellucci and Michael Fassbender -, singers – such as Madonna -, and designers – such as Christian Louboutin – have found a piece of heaven on earth.
Tax Advantages and Top-Notch Lifestyle Make The Country of Portugal The Place to Be
It is fair to say that the country of Portugal is the place to be these days, a fact that several internationally-renowned publications such as the Forbes, the CNN, the BBC, and the Financial Times – just to note a few – have already attested to. But take it from the families who have moved to the country of Portugal as well, as they have been attracted here by the personal tax program – the Non Habitual Resident tax program – or by the residency by investment program – the Portuguese Golden Visa program – and who have been exploring and discovering the cities of Lisbon, Algarve, and Porto first-hand over the past few years.
The country of Portugal has also ‘stepped up its game’ by not only providing exceptional relocation conditions for families, but also for business, by reforming its corporate tax code to meet the international standards in the year 2014.
The Portuguese Golden Visa Program
Naturally, the Portuguese Golden visa program has played a crucial part in this global interest in the country of Portugal, as it has enabled non-EU individuals to obtain the right to reside in the country for at least five years.
This has also allowed them and their families to travel freely to and from the majority of the European countries. A Portuguese Golden Visa program can lead to permanent residency and / or Portuguese citizenship as well as the right to an EU passport at the end of the year five of being classified as a legal resident of the country of Portugal, all of this being granted to investors through just one investment. In order for one to qualify for the Portuguese Golden Visa program, they must meet and maintain one of a number of qualifying investment option requirements – financial investment, donations, property acquisition, or creation of jobs in the country of Portugal – as it has been specified by the national government of the country of Portugal.
The Portuguese Golden Visa program, in order to be renewed, mandates that the families be in Portugal an average of no more than seven days a year during the five years of the program duration, potentially never triggering the Portuguese tax residency.
The Portuguese Golden Visa Program is More than just Property Investment
One of the most popular investment routes for the Portuguese Golden Visa program is the acquisition of property with a value of at least three hundred and fifty thousand Euros. The popularity of this investment route has lead to an increase in the value of property in the country of Portugal per square meter.
The prices of property in the country of Portugal had risen by three point three per cent in the first three months of 2019 alone, in comparison to the last quarter of 2018; – settling at eighteen hundred and forty-nine Euros per square meter. This is an increase of seventeen per cent on year-on-year basis, driving investors and families to look at other investment options. That is why, the investment route that is ‘taking off’ in the statistics at the moment is the investment into venture capital funds.
This investment route has some unique advantages when compared to other investment routes that qualify for the Portuguese Golden Visa program – depending on the investment appetite of the client, of course. If one wishes to learn more about the Portuguese Golden Visa program, they may visit our Portuguese Golden Visa program page, where we have provided extended information about the program.
If one needs personalised guidance, they may submit an inquiry and one of our Portuguese Golden Visa program experts will get in touch with them will all the information they need to know.