In 2019, Portugal has incredibly won 39 awards at the World Travel Awards, and has been consecutively chosen Europe’s leading destination in 2017, 2018 and 2019.
Is a member of the Schengen area since 1995 and is a Euro-area member since its adoption in 1999.
In 2018, tourism grew by 8.1%. For 2019, the WTTC predicts the Portuguese travel and tourism sector will grow 5.3%
Ranked 2nd in the 2018-2019 Global Residence Program Index, which considers the Portuguese golden visa residence program one of the best in the world.
The Golden Visa Program is one of the fastest and more reliable choices for foreign investors or third-country nationals who want to be granted a residence permit, through investment activities conducted within Portugal territory. The main benefits of the program are the various choices of investments, a quick and unbureaucratic procedure and, lastly, a minimal requirement for residency. This makes the portuguese Golden Visa the fastest-growing investment immigration program in Europe.
The portuguese Golden Visa Program is intended for all third-country nationals who exercise an investment activity, either personally or through a company incorporated in Portugal or in another EU State and having a permanent establishment in Portugal.
The Portugal Golden Visa program has proven to be one of the most popular schemes in Europe, attracting many investors due to its flexibility and the benefits provided.
Since its launching in 2012 the Golden Visa program has been actively promoted internationally by the Portuguese Government, allowing the investors to obtain a residency permit, which may include its family.
The property market in Portugal like many southern European countries suffered with the credit crisis and prices in 2015 are typically 20% – 30% below their peak. However there is a clear turn in the market and property above the €500,000 investment visa limit is seeing huge demand particularly in the capital, Lisbon.
Investors buying into the real estate market in Portugal for the Golden Visa now have excellent prospects for capital gain in the coming years. Advice is recommended for serious buyers as there are clear distinctions between typical vacation homes on the coast in Portugal and city properties such as Lisbon.