Things To Consider While Obtaining Citizenship In Portugal
The Portuguese residency-by-investment program is one of the most life-changing things you can do. Now is the time to apply because Portugal has lowered investment requirements and added new ways for you to do business there. The program, also known as a golden visa, has been top-rated worldwide since 2012. It is because of the many benefits it has.
It is like icing on the cake. The ability to turn residency into full Portugal citizenship is the cherry on top. After six years of living in Portugal, which only requires seven days a year, you can apply to become a full Portugal citizen.
What Procedure to Follow For Taking Citizenship
The Portugal residency visa Program is designed to be quick and straightforward, with a period of just six months to your new home. You must be at least 18 years old and in good health to apply. You must also have no criminal record, have confirmed investment sources, and pass due diligence checks.
People can apply on their own or as a family. It is possible for the principal applicant’s spouse and any children under the age of 18 to apply for benefits. Parents and children older than 18 can be included in the application if dependent on the principal applicant, but only if more aged than 18.
Freedom of Movement within the Schengen Zone
As a resident of Portugal, you are also considered a resident of the EU. People who live in Portugal have the right to go anywhere in the Schengen Area without being stopped. There are 28 countries in the European Union, and you can visit them all without worrying about visas.
High Quality of Life, Low Cost of Living
People who want to live in Portugal often do so because the country has a high standard of living that costs less than other countries. This means they can have all the comforts and conveniences at a low price. The cost of living in Portugal is 30% lower than in any other country in Western Europe.
Health & Safety
If you choose to live there in Portugal, you will have total peace of mind regarding your health and safety. As a country, Portugal is one of the safest places in the world. If you look at the official rankings for the safest countries worldwide, it is number three. With its high safety levels, Portugal’s healthcare system is one of the world’s best and is ranked 12th by the World Health Organization (WHO) as the 12th best in the world.
As a bonus, Portugal is known as a very diplomatic country with good relationships with almost every country. This makes for a peaceful society and a stable economy.
In the end, investing in Portugal has many benefits, but one of them is the chance to become a full member of Portugal citizenship. If you are rich and like to plan, investing in Portugal can be good. It is a good bet for people who want to think about their next moves.
