Living in Portugal - An Overview

Portugal, one of Europe’s oldest nations, is renowned for its rich history, high Human Development Index, and strong safety record, making it one of the world’s most globalized and peaceful countries.

Key Highlights

  • EU and Schengen Area Membership: Portugal is a member of the European Union and the Schengen Area. Since 2002 Portugal has used Euro as its currency.
  • Language: Portuguese is the official language, but English is widely spoken, particularly in tourist areas and among younger generations.
  • Economy: While transitioning towards business services, Portugal maintains a robust manufacturing sector and is the world’s largest cork supplier. The country also enjoys a vibrant tourism industry and is a leader in renewable energy, with over 40% of its power coming from hydro, wind, and solar sources.
  • Lifestyle: Portugal, with a population of about 10.3 million, offers a mild climate, stunning beaches, and a picturesque countryside. It is celebrated for its lively culture, exceptional cuisine, and high quality of life.

Portugal Golden Residence Permit Program

Portugal has streamlined its legislation to facilitate residence for non-EU citizens through the Golden Residence Permit Program. This program provides three investment options for acquiring residency, which must be maintained for a minimum of five years. An individual can apply for Portuguese citizenship after five years of residency.

Investment Routes:

  1. Real Estate Investment: Purchasing property in Portugal (no minimum value).
  2. Capital Transfer: Invest a specific amount in Portugal’s economy.
  3. Job Creation: Create employment opportunities in Portugal.

The program is designed to attract foreign investment while offering a pathway to permanent residency and eventual citizenship.

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