In 2012, Portugal’s government opened the Golden Residence Permit (GRP) Programme, that allows non-EU investors to be granted temporary residency in exchange for a minimum investment of EUR 280,000. The programme was launched to stimulate a struggling economy following the global recession, and it worked: six years later Portugal’s economy had grown to its highest level in nearly two decades.
The GRP Programme offers multiple investment options but real estate has strongly stood as the most popular choice till today. The investors are provided with a stable gateway into Europe and a route to Portuguese citizenship after in, as little as, five years.
WHY CHOOSE PORTUGAL
Portugal, officially known as Portuguese Republic, is located in the southwestern part of Europe, on the Iberian Peninsula. It is one of the highest-ranking countries in terms of quality of life, cost of living, healthcare, education, infrastructure, safety and stability (it ranked 3rd for the Global Peace Index in 2019). As one of Europe’s oldest civilizations, it offers its visitors a rich culture, pleasant Mediterranean climate and stunning architecture.
Benefits of the Portuguese GRP:
- visa free travel throughout Europe and the Schengen Area
- low residency requirement
- inclusion of spouse, dependent children and parents
- citizenship eligibility after five years of residency
- the opportunity to invest in a booming real estate market
- excellent healthcare and education access
To qualify, applicants need to fulfil ONE of the financial requirements below: