PORTUGAL – THE MOST LIVEABLE COUNTRY IN EUROPEAN

Located on the southwestern coast of Europe, Portugal is known as one of the most peaceful countries in the world. Along with a temperate climate, Portugal is a place that attracts many investors who want to develop long-term.

Developed economy

In 2017, Portugal is a developed country with a GDP per capita of about $20,000. Portugal was one of the earliest members to join the European Union in 1986. In addition, Portugal is also a founding member of NATO and many other international organizations such as the United Nations, the Regional Euro, and the OECD.

According to the Global Competitiveness Index of the World Economic Forum, Portugal’s economy ranks 46th out of 138 countries with the most developed economies in 2016-2017.

Portugal is also one of the most expensive destinations in Europe. Every year, about 21.2 million visitors visit tourist destinations, surfing beaches, ancient holy places, etc., contributing to 17% of the total GDP of the country.

Healthcare is in the top 12 in the world

Portugal ranked 12th in health care efficiency by the World Health Organization, ahead of the US, UK, and Canada. Portugal is also the 10th-ranked country in terms of the proportion of women with a long life expectancy in the world, at 84 years old.

The health care services in the country of Portugal are very developed. Here, if you register for the national health program, insurance companies will pay citizens 60-80% of the cost of medical examination and treatment. Private hospitals in Portugal are also very developed. People can easily find their own doctor to ensure the best health.

In central areas such as Lisbon, Algarve, Porto, .. immigrants can easily find an English-speaking doctor for medical examination and treatment.

European standards in education

Portugal is one of the oldest educational countries in the world. According to the PISA international student assessment program, in 2015 Portuguese students scored significantly higher than students from the US, Austria, France, and Sweden.

Universities in Lisbon and Alentejo are rated among the best in Europe. Students can optionally choose to study in English or Portuguese. After graduation, students’ degrees are recognized throughout Europe and many other countries around the world. Children enjoy a quality education policy.

Full of development potential in the Real estate industry

The Portuguese real estate market is very developed, providing for almost all economic sectors and the presence of foreign investors. The market is highly transparent, with many international consultants and agents.

According to Forbes, real estate prices in Lisbon are continuing to increase, especially since 2019, property prices in the Portuguese capital have increased by an impressive 20%. This represents great dynamism in such a short period of time.

Currently, Lisbon has one of the highest rental yields in Europe with rents still among the cheapest compared to other European cities. The average gross rental yield in the Lisbon district ranges from 4.5% to 6.7% depending on the property location. Naturally, rental properties closer to the city center are more expensive.

Getting Portuguese citizenship by investing in real estate

In order to attract foreign direct investment and new global citizens, the Portuguese government introduces the “Golden Visa” program (Portugal Golden Visa program) and officially applied in October 2012.

This is an investment program to apply for a residence card in Portugal exclusively for citizens outside the European Union, with many benefits for investors. In addition, the program also gives investors the opportunity to own a Portuguese green card and Portuguese citizenship.

From October 2012 to February 2021, more than 300 Vietnamese investors and 1200 family members were granted Permanent Residence in Portugal through this program (according to the Portuguese Consulate General in Ho Chi Minh City, March 11, 2021). 94% is through free real estate investment such as housing, commercial,…

This residence card allows the investor to enter or live in the country of Portugal and travel freely in all the countries of the Schengen area. From the residence card, investors can get a Portuguese green card and go further than a Portuguese passport or Portuguese citizenship.

Conclusion

With more than 35 years of experience, Portico & Bridge is a leading real estate consultant abroad. With a team of more than 50 consultants from around the world, we are always happy to assist you.

For more information, please contact Portico & Bridge for detailed support.

Call us now at 0909.898.758.

At PORTICO & BRIDGE, “Your Children, We Care”.