Why Portugal Citizenship Is Gaining Popularity?

 

Portugal citizenship by investment scheme has become one of the most popular schemes in the world. Its success owes to the flexible yet straightforward features of the scheme’s policy. This program was initiated in 2012 when the Portuguese government invited over 10,000 families to the country. The government offered them second citizenship in exchange for an investment amount in specified industries of the country.

Over the past few years, Portugal’s citizenship has attained a whole new level of popularity and success. Especially during the COVID-19 pandemic, the demand for Portuguese residency has risen. The benefits associated with Portugal’s citizenship are one of the primary factors responsible for the popularity of Portugal citizenship.

Some of those most notable factors are:

Portugal Citizenship: Easy To Get

One of the biggest reasons investors and other people prefer Portuguese residency is that it is accessible. For getting it, the procedures are rather simple. One can get it by investing in the country and maintaining it for over five years. Or one can also work in the country for five years and apply for residency afterward. Portugal’s Golden visa (highest-ranked) requirements are also rather simple. You must have a clean criminal record and must make the required investment amount.

Golden Visa Covers Applicant’s Dependents

Portugal’s Golden visa covers the applicant as well as their dependents. Thus, under a single investment, one can get permanent residency for themselves and their family. It is a great opportunity as it allows investors to secure the future for their families too.

Flexible Policies

The visa policies for Portugal are also rather straightforward. For a short visa stay, the minimum processing period is two weeks. While for Golden visas, this period can extend up to 60 days. This period is pretty minimal compared to the visa policies of other countries.

Besides, if you get a Golden visa, you will not need to stay constantly in the country. The mandatory stay period is up to seven days during the first year. While from the second year, this tenure will be increased to fourteen days.

Enhanced Mobility

With Portugal citizenship and residency, one gets to access the entire Schengen area. The resident or citizens of Portugal can enjoy visa-free traveling to a lot of countries. Thus, with Portugal’s citizenship, one can enjoy mobility to excellent extents. And within the last two years, when mobility has gotten restricted due to the pandemic, having Portugal’s visa is no less than a treasure for investors like gold.

Stable Country

Portugal is ranked among the most stable countries in the world. Its peace and stability pointers are much better than most countries in the region. Moreover, Portugal has shown massive economic development over the past two decades. That is why it is a perfect country to shift to with the family.

Excellent Lifestyle

Portugal is a European country, and its lifestyle is an excellent embodiment of the Western world. Thus, Portugal is a perfect place for people seeking better facilities and an elevated luxury lifestyle.

Prosperous Country

Even though Portugal has faced some serious financial crises in the past, it has gained sufficient stability now. The future of this country is even brighter. That is why, besides attaining a residency, investors also find this region to be economically empowered, offering some excellent prospects.

Portugal is a modern country with great living facilities. Therefore, the demand for its passport has risen from every corner of the world.

If you are keen to know more about Portugal Residency by Investment, reach out to us at +971 4 563 9500 or visit www.aaa-international.com