Portugal, officially known as the Portuguese Republic, consists of the continental Portugal and Atlantic archipelagos of Azores and Madeira.
After centuries of invasions and independence wars Portugal’s sovereignty was recognised in 1143. In the 15th and 16th centuries they built the first and longest-lived global empire and pioneered maritime explorations. The monarchy was deposed in the 1910 revolution followed by periods of democracy and authoritarian regime. The democracy was restored in 1974 and the empire ceased to exist in 1999 with handover of the last colony Macau to China.
In 1986, Portugal joined the EU.
Government: Unitary semi-presidential constitutional republic.
Official language: Portuguese.
Main religion: Roman Catholic Church.
Population: Around 10,380,000.
Membership: United Nations (UN), European Union, NATO, OECD, Schengen area, etc.
Currency: Euro (EUR).
Geography and climate
Area: 92,212 km2.
Climate: Warm Mediterranean.
Terrain: Mountainous and hilly north of the Tagus River, rolling plains in south.
Average annual temperatures: 13°C in the north and 18˚C in the south.
- Historic and cultural heritage
- Mediterranean climate with mild winters
- 850 km of exquisite Atlantic coastline
- Outdoor activities and water sports
- Amazing cuisine and fine wines
- Thriving nightlife
- Low crime rate
- Easy access from European and neighbouring countries
Portugal is a developed country with a high-income advanced economy, a developed market, political stability, low crime rate and high living standards.
The economy is highly diversified and depends on such major industries as agriculture, fishing, mining and wines.
Other growing sectors driving the economy are automotive, aerospace, food, tourism and banking sector.
To attract foreign investments that could contribute to the economic growth and development, the Portuguese government established the Golden Residence Permit Programme for immigrant entrepreneurs and their families to obtain of a residence permit for investment activities. It is also called ARI or Golden Visa programme.
Benefits for investors
- Residence permit is extended to a spouse and other dependants.
- Right to live, work and study in Portugal.
- Visa-free travel to Schengen countries.
- Permanent residence permit after 5 years.
- Citizenship after 6 years.
- Investment recoverable after 5 years.
- Minimum residence requirement.
- Right to open business in any EU member state.
- Tax benefits first 10 years (income earned outside Portugal is not taxable).
- No education requirements.
- No language or country test requirement for temporary residence permit.
- Safe and peaceful environment.
- Access to high standards of healthcare.
Initially, successful applicants are granted temporary residence permit for one year, renewable for two consecutive periods of two years. After five years of legal and continuous residence, investors can apply for a permanent residence and after one more year – for Citizenship by Naturalisation, if certain conditions are met.