The importance of holding a European residence permit card: Backup plan solution for you and your family!

(Tuesday, 22 May 2018)

Global residency and citizenship, are an increasingly important aspect of the private and professional life of this new trend of global citizens. Diversification of both business and personal affairs through multiple residences or citizenships can deliver an increased quality of life, mobility, security, educational options, and improved tax and estate planning capabilities. For individuals, having the flexibility of choosing where to live, providing a better quality of life for their families, access to better education, and a safe haven in times of political instability is one of the main reasons to consider this type of solution. Other reasons investors might decide on getting a global residency and citizenship: tax optimisation; more privacy by avoiding the bank regulations that require reporting and need personal information to be provided by investors; avoiding countries with political instability, civil wars or terrorism; and for entrepreneurs and their families the free movement within several countries for business is the deciding factor.

By having a residence permit in a European country like Portugal (a Golden Visa card), investors and their families are free to live, work and travel within all the Schengen zone without relocation being required. They can even apply for citizenship after six years.

The Portuguese Golden Visa programme has been awarded as the best residency programme globally, by the Global Residence Program Index (GRPI). It is aimed at attracting overseas investment to Portugal, therefore the Golden Visa is a very straightforward, simple and with clear legal rules.

So far, 97% of the candidates for the Golden Visa programme apply through investment in Portuguese real estate, primarily due to the great returns investors are getting on their properties in Portugal. Low supply and high demand are generating capital gains for real estate investors of up to 12%, every year, especially in the major cities (Lisbon, Oporto and Algarve).

To apply for the Portuguese residence permit cards, through real estate investment, foreign nation­als, either personally or through a company, are required to make an investment in real estate valued at least €500,000, or real estate with more than 30 years construction time with a value of at least €350,000;

Our team of PTGoldenVisa.com has more than 10 years experience in the citizenship industry and provides an integrated service to investors interested in applying for the Golden Visa residence permit cards, starting with family analysis objectives, advisory on real estate investments, legal support and property management.

We provide investors with the peace of mind their family needs.

Contact us now: www.Ptgoldenvisa.com

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