The investor visa is an appealing option for obtaining
citizenship for the most sought after countries around the globe.
These programs are a part of the Global Foreign Direct Investment
movement, and provide an excellent route to inbound investments.
Both developed as well as developing countries structure these
programs in a way that they gain in terms of new economic growth
and have an immediate and extensive positive impact on employment
generation. Portugal is attracting investment through their Golden
The Golden Visa is a straightforward and flexible program with
simple and clear legal requirements. The Golden Visa is clearly one
of the most agreeable residency programs for investors in the world
especially those who would like easier access to EU countries with
a minimum stay in Portugal of 7 days in the first year of residency
and 14 days in the following 2 years.
The benefits of the Golden Visa include:
A total stay of only 35 days during
the five-year residency period;
This type of residency permit allows
ease of access to all Schengen Countries;
Eligibility to apply for citizenship
after six years as a resident;
Portugal allows dual
Access to all Portuguese Public
Services including health and education; and
Portugal offers a high quality of
life, excellent cuisine and a mild climate.
The Golden Visa Investment Program offers a host of investment
choices including (1) an option to buy € 500,000 in real
estate (2) establishing a Portugal based company that employs more
than 10 people or (3) € 1,000,000 investment in an existing
Portuguese company. The preceding investment choices will offer a
reduction of 20 percent in a move to entice investment in under
developed areas of Portugal and to encourage the creation of
Personal taxation and pension for non-residents on all
Portuguese sourced employment is charged at a preferential rate of
25% while investment and rental income is taxed at a rate of 28%.
People who reside in Portugal for less than 183 days are not
required to pay tax on worldwide income. Non Habitual Residents
(NHR) are subject to taxation in Portugal but may benefit from
preferential tax rates and in many cases, receive income and
interest which are exempt from personal income tax.
Recently, the Reserve Bank of India enhanced the remittance
limits under the Liberalized Remittance Scheme from USD 125,000 to
USD 250,000 per person per year which can be used by an Indian
citizen to fund foreign investment. Indian Nationals have shown a
keen interest in foreign investments; making the Portuguese Golden
Visa and other investment visas attractive investment options in
the global marketplace.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Enacted on 12th January 2017, Ankara will grant citizenship to foreigners who buy at least USD 1 million worth of real estate or have at least USD 3 million deposited in Turkish banks, under the condition that this money won't be withdrawn and the real estate sold for at least 3 years.
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