The Portuguese Republic, which is part of the European Union, is divided into 18 districts. It has a border with Spain and the North Atlantic Ocean. Lisbon, Porto, and Setubal are the most prominent districts. Portugal is one of the smaller countries in the European Union, with a surface area of 92,226 square kilometers. It has a maritime temperate climate, with warm and dry weather in the south and cool and rainy weather in the north. The landscape is mountainous in the north and flatter in the south. The population totals more than 10.2 million people. Lisbon, the country's capital and most populated city, has a population of more than 505,526 people. Porto, Vila Nova de Gaia, Braga, and Amadora are also prominent cities. Lisbon Airport (LIS) is the busiest, with 31 million passengers per year. This places it as Europe's 16th busiest airport. There are flights from Lisbon Airport to every continent in the world.
Portuguese culture has been affected by the country's commerce and colonial explorations. The most widely practiced religion is Christianity. The country's official language is Portuguese. Civil law is the legal system. A semi-presidential republic is the government type.
The Euro (EUR) is the country's official currency. The country has an open economy, with a GDP of around $372 billion, ranking it as Europe's 20th largest economy. Its people earn $36,246 per year on average. The GDP is primarily composed of two primary sectors: services and industries. Textiles, apparel, footwear, paper, chemicals, grain, potatoes, and vegetables are the country's principal exports. The Portuguese GDP is constant, and the country's fiscal deficit is shrinking.
Portugal has a wide range of tourist locations and attractions, both urban and natural. There are 17 UNESCO World Heritage Sites in the country. Because of its historical past, it is noted for its gorgeous towns and diverse cultural aspects. The capital Lisbon, Torre de Belem, the Convento do Christo, the Geres Mountain Range, the Castelo de Guimaraes, and the Silves Castle are just a few of the prominent attractions. Every year, roughly 16.3 million tourists visit the country, the vast majority of which are from Europe.
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95 page guide with everything you need to know about immigration, citizenship and tax optimization in Portugal, the number 1 expat destination in Europe.
Here you can find a preview of the guide:
Portugal
Residency in Portugal comes with a number of benefits. Portugal is one of the most friendly countries in the EU with regards to the mobility options available for investors and digital nomads alike. A residency permit allows you to live and work in Portugal for an unlimited time. You also have access to free health care and education. In addition, residency in Portugal gives you the right to vote and stand for election. And if you're a digital nomad, residency in Portugal gives you access to a number of coworking spaces andshared offices. as well as high-speed internet and a number of other amenities.
Portugal offers a Portugal Entrepreneur Startup Visa for foreign entrepreneurs who want to establish their business in Portugal. The Portugal Entrepreneur Startup Visa is a residence permit that allows the holder to stay in Portugal for up to 12 months. This permit can be renewed for another 12 months and then converted into a long-stay visa or a residence permit.
After submitting this information, the entrepreneur may send a request to one or more incubators, who will evaluate the project based on the following criteria: A) The innovative nature of the project; B) The growth potential; C) The scalability of the business on the market; and D) The chances of establishing the business in Portugal following the program. To advance to the second step, the entrepreneur must receive approval from at least one incubator.
Portugal offers a golden visa program for investors who are willing to invest in the country's art scene. The Portugal golden visa Artistic Investment allows investors to apply for a residence permit in Portugal if they make a financial investment in the country's art sector.
Investments by way of capital transfer with a value of at least 250,000 Euros for investing in artistic output or supporting the arts, or for the reconstruction or refurbishment of the national heritage, the value of these investments may be reduced by 20% (200,000 Euros) if they are made in sparsely populated areas (less than 100 inhabitants per sq.km., or GDP per head is below 75 percent of the national average). For this sort of investment, the applicant must demonstrate that he or she has invested the minimum amount, either as a solo proprietor or as the owner of a single-member limited liability company.
Portugal's Golden Visa Job Creation program offers a fast-track to citizenship for investors who create jobs in Portugal. To qualify, investors must create at least 10 new jobs in Portugal or make a minimum investment of €1 million in Portugal.
For investments by way of creation of, at least, 10 job positions, this requirement may be reduced in 20% (8 job positions) provided the investment is made in sparsely populated territories (NUT III level with less than 100 inhabitants per sq.km. or with GDP per head less than 75% of national average)
For this option, the applicant purchases real estate with a value of at least 500,000 euros; if the investment is made in sparsely inhabited areas, the investment threshold is decreased by 20 percent (to 400,000 euros) (NUT III level with less than 100 inhabitants per sq.km. or where the GDP per head is below 75 percent of the national average). This form of investment may be made by the applicant as a sole proprietor or as the owner of a single-member limited liability company.
For this type of investment, the Investor must prove his / her ownership of the real estate (or in case this is not feasible, must deliver a copy of the promissory contract, indicating the payment of an initial deposit [Sinal] in value equal to or above 500 thousand Euros), which can be done in one of the following ways:
For investment by way of capital transfer in research activities conducted by public or private scientific research institutions participating in the national scientific or technological system, with the value of the investment reduced by 20% (280 thousand Euros) if made in sparsely populated areas (less than 100 inhabitants per sq.km., or GDP per head is below 75 percent of the national average). For this sort of investment, the applicant must demonstrate that he or she has invested the minimum amount, either as a solo proprietor or as the owner of a single-member limited liability company.
For this sort of investment, the applicant must demonstrate that he or she has invested the minimum amount, either as a solo proprietor or as the owner of a single-member limited liability company.
Portugal's golden visa program grants residency visas to non-European Union citizens in exchange for a capital transfer of at least €1 million. The Portugal golden visa capital transfer must be made within 30 days of the visa applicant's arrival in Portugal.
The money may be used to invest in Portuguese government bonds, real estate, or to create a new business venture in Portugal. The Portugal golden visa is valid for a period of five years and can be renewed indefinitely.
According to the SovSpot Passport Ranking Index, the Portuguese passport is now ranked 6th. It allows entrance to 191 countries without requiring a visa. As a result, it is one of the world's most sought passports, having a very high mobility score. Visa-free travel and visas on arrival are available to Portuguese passport holders in countries such as Brazil, Japan, the United Kingdom, Taiwan, the United Arab Emirates, the United States, and the European Union as a whole, providing near-instant travel around the world. Portuguese passport holders, on the other hand, need a visa to access roughly 38 countries throughout the world, including China and Russia.
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The number of countries Portugal passport holders can enter without a visa (i.e. visa-free countries) is added to the number of countries Portugal passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization (i.e. visa-on-arrival countries) (eTA). There are now 143 visa-free countries for Portugal passport holders, 37 visa-on-arrival countries for Portugal passport holders, and 11 eTA destinations. In total, Portugal passport holders can visit 191 countries without a visa, via a visa on arrival, or using an eTA. As a result, the Portugal passport is ranked 6th in the world.; In addition to these visa-free and visa-on-arrival countries, there are 38 other countries where Portugal passport holders will need a physical visa or an eVisa (i.e. visa required countries). The Portuguese passport is one of the world's most powerful and attractive passports. It allows its users to travel to over 190 countries and territories without needing a visa. Citizenship in Portugal can be obtained through a variety of means, including birth or descent, naturalization, marriage, or adoption. After 5 years of holding a Portugal Golden Visa, individuals can petition for Portuguese citizenship. The Portugal Golden Visa Program, also known as the Portugal Golden Residence Permit Program or ARI, was established in 2012 to allow applicants from outside the EU and EEA, as well as their families, to obtain a special residence permit in 6 to 9 months by investing in a 5-year real estate investment in Portugal. Applicants can apply for a Golden Visa to Portugal in one of the following ways: The following are some of the advantages of a Portugal Golden Visa: Contact Guide Consultants via the following methods for personalized information on how to apply for a Portugal Golden Visa. :
In any of the following instances, you may obtain Portuguese citizenship by descent:
Typically, in order to qualify for citizenship by origin in Portugal, the generations preceding you must also be registered in the Civil Registry; if a generation is skipped, you cannot qualify. However, if you are born outside of the United States, there is no time limit for your parents to register your birth, and once you reach the age of 18, you can proclaim your citizenship on your own.
Note: Keep in mind that the costs for citizenship by descent applications can vary and depend on many factors, such as:
* In the case of first generation citizenship by descent, we assumed ONLY administration costs, which will be around $100 or less (usually free if application is done in the same country versus foreign embassy or consulate)
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