{"id":33452,"date":"2023-06-12T13:15:56","date_gmt":"2023-06-12T13:15:56","guid":{"rendered":"https:\/\/109-74-204-46.ip.linodeusercontent.com\/?p=33452"},"modified":"2023-06-12T13:31:45","modified_gmt":"2023-06-12T13:31:45","slug":"reasons-to-consider-portuguese-second-citizenship","status":"publish","type":"post","link":"https:\/\/ikonnect.ae\/en\/ikonnect-news\/reasons-to-consider-portuguese-second-citizenship\/","title":{"rendered":"Reasons to Consider Portuguese Second Citizenship"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"33452\" class=\"elementor elementor-33452\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-92cea33 elementor-section-full_width elementor-section-height-default elementor-section-height-default tm-col-stretched-none tm-bg-color-over-image\" data-id=\"92cea33\" data-element_type=\"section\" id=\"ikonnect-page-content\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-27d38da tm-bg-color-over-image\" data-id=\"27d38da\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bda011 elementor-widget elementor-widget-text-editor\" data-id=\"3bda011\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">Portugal has recently lowered the investment requirements and implemented new options in its citizenship by investment program. Thus, it is the best time to consider obtaining the Portuguese government\u2019s globally well-known golden visa.<\/span><\/p><h2><span style=\"font-weight: 400;\">The main advantages of acquiring the Golden Visa are:<\/span><\/h2><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accessing the Schengen area: According to the Schengen agreement signed in 1985, Portuguese citizens have visa-free access to the Schengen area.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minimum stay requirements: Citizenship applicants only need to spend seven days in Portugal to acquire citizenship.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EU citizenship: Temporary citizenship, granted relatively fast, can be changed into full citizenship. After six years of residency, temporary citizenship can be transformed into European Union citizenship if the eligibility criteria are met. This will allow the residents to work and live freely across the EU and have visa-free access to 172 countries.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lucrative investment: Although foreign investors contribute to Portugal\u2019s economic growth by investing in this country, the booming real estate and thriving economy are mutually beneficial investments. The investment program alone has generated EUR 2bn for the country, providing more infrastructure for a promising economic future.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unique tax offers: Most foreign investors qualify to apply to a Non-Habitual Residence program (NHR) tax-exemption program \u2013 if they have not been living in Portugal for five years. This program includes several tax-exemption opportunities, such as foreign-source income tax waiver, including pension, capital gains, and employment tax. Any income earned from Portuguese resources is subject to a fixed tax rate of only 20%, which is relatively low compared to rates amounting to even 48% in some cases for non-NHRs.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High-quality lifestyle: Due to the country\u2019s stable political situation and unique infrastructure, Portugal\u2019s quality of life has improved in recent years. It is also ranked the 12th most globalized country in the world. Lisbon and Porto are famous for their growing tourism industry and the culture and history of international visitors.<\/span><span style=\"font-weight: 400;\"><br \/><br \/><\/span><\/li><\/ul><h2><span style=\"font-weight: 400;\">There are various options to apply for citizenship through investment programs:<\/span><\/h2><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real estate investment: At least USD 350,000 should be invested in a piece of real estate for this option, and this property should be older than 30 years within an area of urban regeneration. The possible renovations are included in the investment; thus, it is unlikely that the total investment amount will change significantly. As this program is flexible, one can purchase a property from the above criteria for at least USD 350,000. Citizenship can be obtained in as short as two months through investment in real estate. The basic qualifications for applicants are i) a clean criminal record and ii) not being listed in the Portuguese Immigration and Schengen Services registry.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Capital funds: Investors can wire EUR 1M into a Portuguese bank account and freely spend their money on any business or invest in any shares or companies they would like to.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investing in artistic or cultural activities: A minimum of EUR 250,000 is required for this option.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investing in scientific or technological research: At least EUR 350,000 should be invested in a scientific or technical project conducted in Portugal.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investing in small and medium companies: At least EUR 500,000 should be invested in any small or medium-sized Portuguese firm or company.\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The EU residency card will be issued as soon as the application has been approved and renewed after one year, three years, and five years. After six years of maintaining EU residency, investors will become eligible to apply for full Portuguese\/EU citizenship. This allows investors to choose where to live and work across the European Union. A Portuguese language test and a clean criminal record are required at this stage.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">For more details about Portugal\u2019s Citizenship by Investment, talk to one of <\/span><a href=\"https:\/\/ikonnect.ae\/\"><span style=\"font-weight: 400;\">iKonnect Citizens<\/span><\/a><span style=\"font-weight: 400;\">\u2018 Citizenship and Residency Specialists today. Call +971 50 152 4200 or email info@localhost.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c16191b elementor-widget elementor-widget-html\" data-id=\"c16191b\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<script>\n    window.addEventListener('load', (ev)=>{\n    let mainText = document.getElementById('ikonnect-blog-context-text-block');\n    let htwoCleaner = mainText.getElementsByTagName('h2')\n    for (let index = 0; index < htwoCleaner.length; index++) {\n        const htwoElement = htwoCleaner[index];\n        if (htwoElement.getElementsByTagName(\"span\").length > 0)\n        {\n            for (let index2 = 0; index2 < htwoElement.getElementsByTagName('span').length; index2++) {\n                const spanElement = htwoElement.getElementsByTagName('span')[index2];\n                spanElement.style = \"\";\n            }\n        }\n    }\n 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elementor-element-e827af1 tm-bg-color-over-image\" data-id=\"e827af1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9fc3929 elementor-widget elementor-widget-heading\" data-id=\"9fc3929\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Other News<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c151a36 elementor-widget elementor-widget-tm-ele-blog\" data-id=\"c151a36\" data-element_type=\"widget\" data-widget_type=\"tm-ele-blog.skin-style4\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t<div class=\"tm-sc-blog tm-sc-blog-carousel \">\r\n\t\t\r\n\t\r\n\t\t<!-- Isotope Gallery Grid -->\r\n\t\t<div id=\"blog-holder-555952\" class=\"owl-carousel owl-theme tm-owl-carousel-3col \" data-nav=\"true\" data-autoplay=\"true\" data-loop=\"true\" data-duration=\"6000\" data-smartspeed=\"300\" data-margin=\"30\" data-laptop=\"3\" data-laptop_large=\"3\" data-tablet=\"3\" data-tablet_extra=\"3\">\r\n\r\n\t\t\t<!-- the loop -->\r\n\t\t\t\t\t\t\t\t\t<div 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class=\"entry-title\"><a href=\"https:\/\/ikonnect.ae\/en\/ikonnect-news\/what-are-the-most-affordable-second-citizenship-programmes\/\" rel=\"bookmark\">What are the Most Affordable Second Citizenship Programmes?<\/a><\/h4>\t\t\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t<div class=\"clearfix\"><\/div>\r\n\t<\/div>\r\n<\/div><\/article>\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<div class=\"tm-carousel-item ikonnect-news\">\r\n\t\t\t\t<article class=\"post-33472 post type-post status-publish format-standard has-post-thumbnail hentry category-ikonnect-news tag-how-tos tag-ikonnect-tips tag-residency-by-investment tag-united-arab-emirates\">\r\n\t<div class=\"blog-skin-style4\">\r\n\t\t\t<div class=\"entry-header\">\r\n\t\t\t<div class=\"post-thumb lightgallery-lightbox\">\r\n\t\r\n\t<div class=\"post-thumb-inner\">\r\n\t\t<div class=\"thumb\">\r\n\t\t\t<img decoding=\"async\" src=\"https:\/\/ikonnect.ae\/wp-content\/uploads\/2023\/06\/dubai-downtown-skyline-with-tallest-skyscrapers-d-2021-08-26-18-55-17-utc-672x448.jpg\" alt=\"How to Secure Residency in the UAE?\"\/>\r\n\t\t<\/div>\r\n\t<\/div>\r\n\t<\/div>\t\t<\/div>\r\n\t\r\n\t<div class=\"entry-content\">\r\n\t\t\r\n\t\t\t\t\t<h4 class=\"entry-title\"><a href=\"https:\/\/ikonnect.ae\/en\/ikonnect-news\/how-to-secure-residency-in-the-uae\/\" rel=\"bookmark\">How to Secure Residency in the UAE?<\/a><\/h4>\t\t\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t<div class=\"clearfix\"><\/div>\r\n\t<\/div>\r\n<\/div><\/article>\t\t\t<\/div>\r\n\t\t\t\t\t\t<!-- end of the loop -->\r\n\t\t<\/div>\r\n\t\t\t<\/div>\r\n\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Portugal has recently lowered the investment requirements and implemented new options in its citizenship by investment program. Thus, it is&#8230;<\/p>\n","protected":false},"author":6,"featured_media":33453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"rank_math_lock_modified_date":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_joinchat":[],"footnotes":""},"categories":[63],"tags":[81,84,95,79],"class_list":["post-33452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ikonnect-news","tag-citizenship-benefits","tag-ikonnect-tips","tag-portugal","tag-second-citizenship"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/posts\/33452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/comments?post=33452"}],"version-history":[{"count":4,"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/posts\/33452\/revisions"}],"predecessor-version":[{"id":33458,"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/posts\/33452\/revisions\/33458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/media\/33453"}],"wp:attachment":[{"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/media?parent=33452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/categories?post=33452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ikonnect.ae\/en\/wp-json\/wp\/v2\/tags?post=33452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}