Benefits of Portuguese residency and citizenship

Benefits of Portuguese residency and citizenship

Since its inception in 2012, Portugal golden visa program has been popular globally. The program unlocks the access to Schengen area for its investors and their family members. Not only the permit holders can immediately travel visa-free throughout the Schengen area, they also have the right to freely trade in Schengen area without unnecessary roadblocks. After 5 years, they will be eligible to apply for EU citizenship, which means they can live and work freely across the entire EU. EU citizenship offers myriad benefits such as high standards of free education and healthcare in world-class institutions. Residences are provided with free education until 18 years old and education system is ranked #16 globally. Portuguese are among the world’s healthiest due to its high quality healthcare system. Portugal public healthcare system ranks #12 in the world ahead of developed countries like the UK, US or Canada. Portuguese passport is one of the world’s most powerful passport. According to Henley Passport Index, Portuguese passport has jumped from sixth to fifth place. The passport holders can travel to over 170 countries without the need to apply for a visa beforehand. Portugal is widely known for its high quality of life. It offers exceptional infrastructure, stable political environment. The country is situated on the coastline with 850km of beautiful beaches and 8 months of warm summers a year. Portuguese are incredibly friendly and helpful­. All these benefits come with a relatively low cost of living. Food, wine, bread and normal shopping commodities are generally very reasonably priced. For individuals who spend less than 183 days a year in Portugal, they are not subjected to worldwide income tax. These aspects make Portugal an ideal destination to obtain residency and citizenship.

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