• investing in technology development;
• investing in private foundations;
• purchase of real estate for renovation or lease.

Each of these options has its advantages and disadvantages, with which it is better to learn before making a final decision.

How to benefit from technological investment

Companies engaged in technological development are actively attracted to Portugal. The country is pursuing a deliberate policy of creating and developing technology centers that bring together specialists from all over Europe. These companies seek out promising ideas and their implementers. Concentrated in and around the capital, they are able to communicate with each other and have access to a large audience.

With the support of the government, Startup Visa was created to attract young and enterprising developers to Portugal. Here they can learn about the benefits of the program. Being at the top of the Portugal investment program, investments in technology are considered attractive in the medium term. The Immigrant Invest company estimates that it is technology equity that has the greatest potential to grow in the coming decades.

Banking and stock investments

Portugal has one of the most stable banking systems in Europe, with little exposure to shocks. This is due to the moderate profitability of banks, which is ensured by low interest rates. Therefore it is better to invest in private funds, which are more profitable. They are controlled by banks which guarantees the transparency of financial operations. The profitability of investments in such funds, according to Victor Esik, the expert of the company Immigrant Invest, may reach 2.8%. In contrast to banks, the funds are easier to redirect to the most profitable areas, and thus increase the profitability of investments. Foreign investors may prefer the investment to obtain a Portugal D2 visa.

Why invest in real estate

The most win-win way to gain capital in 2022 remains the purchase of housing in Portugal. The price of it is constantly growing, and over the past decade has increased at least twice. This trend is expected in the future, so the benefit of such investments is obvious. In addition to this factor in the acquisition of real estate can be identified and other advantages:

1. It is possible to rent an apartment or house remotely through Booking and Airbnb platforms. The profitability of such operations is one of the highest in Europe.
2. After the expiration of the terms stipulated by law, the property can be sold at a profit. The rise in prices in the cities contributes to the development of infrastructure and increasing demand due to the constant influx of expats.
3. Affordable transaction costs compared to neighboring countries. A simplified system of taxation of all real estate transactions and a reasonable starting price of the object minimize the associated costs.
4. Obtaining Portugal residency or citizenship after 5 years of residency for the investor and his family.

Before you decide to buy real estate, you should study the market and determine for yourself the goal of such a step. Some options will be more profitable for a short-term lease, others as a long-term investment with an eventual sale, and others are suitable simply to obtain citizenship.

What to consider when choosing the type of investment

The good news for potential investors in Portugal is that most of the transactions can be done remotely. Even without plans to relocate, an investor can qualify for a residence permit on one of the visas. It gives the opportunity to stay for a long time, permanently reside, get an education and conduct business under attractive conditions. One of the most common tools for obtaining a residence permit remains the Portugal Golden Visa program. Through participation in it become available:

• residence, education, business, medical services and work in Portugal and EU countries;
• low taxation;
• the use of benefits for relatives through the reunification procedure;
• travel to Schengen countries;
• obtaining a residence permit after 5 years of investment;
• portuguese citizenship after 5 years of permanent residence.

Obtaining a Portugal Golden visa is possible with any type of investment, but expats most often choose from 3 options. This is due to the transparency of the procedure, affordability and minimum package of documents.

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One of the many advantages of Portuguese citizenship is the freedom to travel and work anywhere in the European Union as long as you have a Portuguese passport.

Visa-free or visa-on-arrival travel is permitted for Portuguese nationals in 184 nations. A Portuguese passport is one of the most popularly used passports and is not subject to the usual visa requirements placed on other passports.

Anyone eligible for citizenship may take advantage of this incentive. If you’re interested in learning how a foreigner can become a citizen of Portugal, keep reading.

How to become a Portuguese citizen?

1.       Proving your eligibility to obtain Portuguese citizenship

You must prove your eligibility under Portuguese nationality law as well as submit the appropriate papers depending on the basis on which you are seeking citizenship to become a citizen of Portugal.

Even though it is possible to handle the process on your own, you may want to hire a lawyer to ensure that it is done correctly as well as successfully.

2.       Requesting citizenship in Portugal

Once you are certain that you have the legal right to issue yourself a citizen of Portugal, you should obtain the appropriate form to proclaim your intent to do so, along with the basis for doing so.

You will have to give:

• Birth certificate
• Photo ID
• Documentation showing your original nationality
• Criminal history records from every country you have resided in since you were 16 years old.

Both your marriage certificate and the birth certificate of your spouse must be submitted if you are registering based on your marriage to a Portuguese citizen. Any documents that are not in Portuguese must be submitted with a certified translation.

What is investment-based citizenship?

By investing in the local economy, typically through the purchase of real estate, you can acquire a second citizenship. Simply put, you receive citizenship in return for your investment in the nation.

If everything is in order and the prerequisites are completed, citizenship by investment can grant willing individuals citizenship status without interfering with the investor’s life. It is also worth mentioning that for foreigners, this is one of the best ways to get Portugal citizenship.

Moreover, the best option overall for obtaining EU citizenship is Portugal. You can apply for citizenship after keeping your investment for five years, as well as fulfilling the requirements of the Portugal Golden Visa Program.

Portugal has the top residency as well as citizenship by investment scheme in Europe, according to statistics on rights to work and travel, length of stay requirements, as well as investment returns.

Who is qualified to obtain a Portuguese passport?

There are four paths you can take if you intend to become a citizen of Portugal:

1. Citizenship via investment
2. Citizenship by naturalization
3. Citizenship by descent
4. Citizenship by exception

Holders of a Portugal Golden Visa can become citizens of Portugal by investment and acquire a passport in five years.

Anyone who does not already have citizenship in the EU, EEA, as well as Switzerland, may apply for a Portugal Golden Visa.

The applicants must be at least 18 years old and have no prior convictions, either domestically or abroad.

They must also invest in one of the offered investment opportunities to support the Portuguese economy. The applicant is also allowed to submit information about his or her family.

Permanent residency and Portuguese citizenship

The Portuguese Golden Visa offers several interesting opportunities, one of which is the chance to apply for citizenship or permanent residency after five years without having to spend all of your time in Portugal.

To extend the Portuguese Golden Visa throughout this time, the applicant and their family just need to travel for two weeks every two years.

Travel is permitted within the EU Schengen zone with the Portuguese resident card issued through the golden visa program.

The opportunity to live, work, as well as study anywhere within the European Union is granted by having Portuguese citizenship as well as a second passport.

Benefits of Portugal Citizenship

1.       The freedom to travel, reside, work, as well as study in any part of the EU

Without a Schengen Visa, you are free to travel across the Schengen region. You are permitted to live, work, as well as further your education in any of the other 27 EU countries since Portugal is a member of the EU.

2.       Free access to high-quality education

Take advantage of free education at some of the top universities in the world as well as government-sponsored healthcare systems that cover all of Europe.

3.       A high standard of living

Portugal is an excellent place to live. Just a few good examples are the wonderful Mediterranean cuisine, the climate, as well as the safe surroundings.

4.       Employment possibilities

Enjoy full-time as well as part-time jobs without the need for a separate work visa.

5.       Low cost of living

In comparison to its European neighbors, Portugal is a reasonably priced nation.

6.       Lifetime citizenship in Portugal

One of the greatest perks is that you’ll always have your Portuguese passport.

Requirements for a Portuguese passport

Depending on the route you select to acquire Portuguese citizenship, there are different requirements. To become a resident of Portugal, a foreign resident must have lived there for five years.

For foreign nationals who are currently married to a Portuguese citizen for three years or have been in a lawful relationship with them for three years, this is lowered to 3 years.

Additionally, the following requirements must also be met to get citizenship in Portugal:

• Portuguese language skills, at least at the A2 level.
• A good health history.
• Criminal history verified by SEF, which also acts as evidence of 5 years’ residency in the country.
• Proof of Portugal residency.

You must also pass a thorough criminal background check as well as a Portuguese language test to obtain a Portuguese passport. The CIPLE exam was created by the Portuguese government in 2006 to evaluate candidates’ proficiency with the standard Portuguese language.

It’s not too difficult if you’re already proficient with European languages, but native English speakers can find it challenging. You should also keep in mind that after three years of marriage, you could be able to get a passport if your partner is Portuguese. For this option, residency is not necessary.

Conclusion

Now that you know foreigners can easily apply for citizenship in Portugal if you are interested, you should go for it right away.

Portugal has a lot of opportunities as well as benefits to offer to those who become residents of the country and you can be one of them if you apply now with the right path and with all the documents required.

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