Portugal Golden Visa Program in 2020
Portugal will continue to offer its highly advantageous Golden Visa in 2020 and foreign investors will likely keep flocking towards it. Every parameter shows that Portugal’s Golden Visa programs are still highly profitable for both the Mediterrenean country and its many foreign investors.
Portugal Golden Visa in a Glance
It is quite straightforward to receive residency in Portugal through an investment in its real estate market, which is known as a Golden Visa program. If the foreign investor buys a Portuguese property that costs at least 350.000 Euros they will be eligible for the Golden Visa program. One can also invest 350.000 Euros to a Portuguese research fund, transfer a total of 1.000.000 Euros as capital, or create an establishment that employs at least 10 Portuguese to be eligible for the same program. Amidst all this however, real estate option seems to be the best option as thanks to the robust real estate market in the country returns on that investment are always high.
What good is a Portugal residency in 2020?
Portugal is a highly developed European country with state-of-the-art medical facilities and plenty of opportunities to get some of the best education on the world. It is a part of the EU thus getting residency in Portugal means being eligible to live and work in many more countries that share the Schengen area. Moreover, Portuguese passport is one of the best in the world and if you do end up acquiring it you can travel to 164 countries without a visa. Taxation system within Portugal allows your income outside Portugal not to be taxed there as well, which is always good news for avid foreign investors.
Why will Portugal Golden Visa be a good option in 2020?
Portugal is almost completely recovered from its crisis back in 2008. This means that soon enough its ever growing real estate market will come to a halt or start growing slowly. But that time has not come yet. Portuguese real estate market is still a booming one and professionals argue that it will remain so in 2020. Buying a house in Portugal for a Portuguese residency as early on as possible in the year can yield a lot of profits to its investor even at the end of the year, after a mere 12 months. It would be wise to make use of this program while it still exists and reserve your own spot in Portugal.