Why you should consider the Portuguese Golden Visa in 2022

!The Portuguese Golden Visa is a great option to get an EU passport

• The Portuguese golden visa is a residency by investment programme.
• Applicants can purchase a house, flat or development and begin their residency visa journey.
• The service is fully-managed by the expert team at Holborn Pass.
• In year 6, you can apply for a Portuguese passport, giving you visa-free access to over 180 countries.
• Prices start from just €280,000 with a wide range of options available.

About the Portuguese Golden Visa

Since its launch in 2012, the Portuguese golden visa scheme has become one of the most successful in the world. The scheme gives you a fast-track method to secure permanent residency and eventually citizenship in the country.

The programme allows non-EU nationals to obtain a visa by investing in Portugal. The programme is also now open to British citizens after the UK officially left the EU at the start of 2021.

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What types of investment are required for a visa?

The types of investments can include:

• Real estate
• Capital investments
• Employment opportunities

By taking advantage of the programme, you gain access to benefits which include but are not limited to:

• Visa-free travel to the Schengen Zone countries
• The right to live and work in Portugal
• Access to education and reduced tuition fees

You should also note that you can include family members on your visa.

Why is the Portuguese Golden Visa a good choice for investors?

If you reside in a country outside of the EU, you’ll know that it’s sometimes difficult with visas and doing business in EU markets. The golden visa program grants you temporary residency until year 6, when you can apply for a Portuguese passport.

Portugal is a great choice for investors, because the overall cost of living is fairly low for an EU country and there are lots of opportunities and benefits available within the country. One of the biggest draws is that Portugal has a favourable tax regime, meaning you could be paying less than you are in your country currently.

Where you can invest

The locations where you can invest in real estate are limited after the changes made at the start of 2022.

You can no longer access the golden visa by investing in property in major cities. Popular locations such as Porto, Lisbon and coastal towns are excluded.

However, most parts of the Algarve are still accessible, which comes as welcome news. There are plenty of regions and urban regeneration options available to investors which could provide a good return on investment.