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Why Portugal Is The Best Option For Citizenship By Investment

Colombia: $150,000 £113k Investment For Residency

When you invest in Portugal for residency, you will invest in a property that can range anywhere from 280,000 Euros to 500,000 Euros, based on the condition of the property. The real estate market in Europe is much better than the United States, Australia, New Zealand, and several other developing countries. This is the best time to buy property in Europe and multiple your wealth.

They know that their audience is made up of wealthy investors who want a European passport and/or never-ending access to the EU and are willing to pay for it. For example, Ireland will take €500,000 of your money as an endowment, to ‘serve the common good of Ireland.’ In exchange, you’ll get the country’s residence permit for yourself and your family. If you can set up a business in Ireland and prove to the government that it will serve to improve its society, you will be allowed to become a resident there, and a subsequent permanent resident too. Spain, for example, has struggled with high unemployment rates for a long time now and doesn’t even set a minimum investment that’s needed for you to become a resident, as long as you create work opportunities for the locals.

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This complete guide explains conditions for getting Portuguese citizenship by marriage, Sephardic citizenship, descent, investment, and more. It is an excellent opportunity to make investments in the medium and long term, advantageous for the whole family. The fact that Portugal is a member of the European Union allows access to an entire international market. Portugal has a high level of safety and quality of life, considered the third safest country in the world. You and your family can enjoy a desirable standard of living with secure urban centers.

Applicants will need to make an investment of minimum €350,000 in real estate or private equity funds. Opening a bank account in Portugal is relatively easy if all the correct documentation is provided and if all criteria is met by the applicant. CSB Group ensures that everything is in place before applying to the local Portuguese bank, taking care of the formalities from Turkish resident permit start to finish, and guiding you step-by-step throughout the entire process. Portugal offers a very interesting option to those who wish to reside in the country and benefit from a special tax regime. An investor who has successfully acquired a Golden Visa – and has therefore the right to legally reside in Portugal – can gain access to the Non-Habitual Tax Regime.

The Golden Portugal

A person aged 18 or over is entitled to be naturalised as a Portuguese citizen after 5 years of legal residence, subject to a few other conditions. The 2018 decree-law that reduced the requirement to only 5 years were published in the official website of the Portuguese government website. There is a requirement to have sufficient knowledge of the Portuguese language, not to have been convicted of a crime punishable law firm istanbul in Portugal by three or more years of imprisonment, and not to pose a threat of terrorism. Children aged under 18 may acquire Portuguese citizenship by declaration when a parent is naturalised, and future children of such Portuguese nationals will be considered Portuguese citizens by birth. A naturalised Portuguese citizen only starts to be considered Portuguese once the naturalisation process is finished.

If your passport doesn’t allow visa-free travel to North America or Europe, you’re severely limited in your ability to conduct business in many of the world’s largest economies. Getting citizenship by descent should still be the first option you look at, because you may be eligible for a very high-quality European passport that could be even better than your US passport. There are many other fantastic, legal tax reduction strategies you can use– especially if you own a business.

Malta, Cyprus, Bulgaria, Austria, Hungary, Antigua and Barbuda, St Kitts and Nevis, Saint Lucia, and Grenada all offer investment citizenship programs in various forms. Canada, UK, Australia, New Zealand, Singapore, and the USA offer investment immigration programs, and Spain, Portugal, Greece, and Latvia offer EU investor visa schemes. A second citizenship is much more valuable than an investment visa, however, and investor immigration programs do not provide an instant second passport. The Dominica Citizenship Program offers an excellent second citizenship and powerful second passport at a much lower cost than investment citizenship programs in similar jurisdictions. Many industry experts consider Dominica the cheapest and easiest second passport amongst reputable citizenship by investment countries. The efficient and well-structured program makes Dominica potentially the easiest country to gain citizenship through investment, provided you are an investor with no criminal record and a good reputation.

It is possible to obtain the golden visa through a reduced investment of €280,000 and €350,000 into real estate requiring renovation. Such projects need to be approved by SEF as qualifying for the reduced investment amount Turkish citizenship 250.000 USD and it is critical to ensure the right project and legal advice is obtained before embarking on such investment. La Vida has experience of many applications and projects for the reduced initiative since its introduction.

Visitors Can Now Apply For Canada Work Permit

Panama has historically been one of the easiest countries to obtain residency in. That has changed in August of 2021 as it has dropped the friendliest part of its Friendly Nations Visa Program. The new rules will require an investment of at least $200,000 into real estate or get employed with a company in Panama.

Power of attorney is required for all legal actions on your behalf by Citizenship by investment solicitors. If you are or plan to visit, we can obtain your power of attorney here. We have listed down few more services that we provide for immediate or future requirements. Citizenship by investment and Residence by investment services is not provided to people dealing in Pornography. Keep yourself updated for upcoming events, job fairs, exhibitions, technology, immigration, travel, education, fashion and music.

Why Is Portugal Golden Visa An Excellent Option For Investors?

Spain launched its Golden Visa program as a way to revitalize its economy, especially when it came to selling off its real estate surplus and creating jobs for many of its unemployed people. You are also able to work towards Greek citizenship, which you can apply for if you spend at least seven consecutive years in the country. In all Golden Visa countries, you have to spend actual time there to qualify for citizenship and the time you have to spend there will subject you to tax obligations. Now, if you do all that planning properly and you don’t spend time in the country, then there is a way that you can legally pay no tax while being a European resident. And even in the countries where it is possible to avoid taxation, you and your business affairs have to be structured properly.

After a period of legal and continuous residence in the country, generally 5 years, a foreign investor can apply for a permanent residence permit, provided other requirements are met. Permanent residence status offers foreign citizens almost identical rights as to the citizens of the residence-by-investment country. Permanent residents can reside, work, study wherever they want without any time restrictions. One of the most attractive options is the ability to apply for permanent residencyand citizenship after 5 years without the need to reside in Portugal. In fact, the applicant and their family need only visit for two weeks every two years in order to renew the Portuguese Golden Visa.