Portugal, officially referred to as the Portuguese Republic, stands as a southwestern European country that shares significant geographic and cultural ties with both Europe and the Mediterranean. As a member of the EU and Europe’s Schengen Area, Portugal is renowned for its Portugal Golden Visa program, robust security measures, breathtaking landscapes, delectable cuisine, and a Mediterranean climate that positions it as a sought-after tourist destination and a cherished home away from home for many investors. While Portuguese serves as the official language, English is widely spoken.
In 2012, Portugal introduced the Portuguese Golden Visa Program, primarily centered around real estate investment, swiftly evolving into one of the most coveted Residency by Investment Programs globally. The Portugal Residence Program extends the privilege for non-European citizens to reside, work, and study in Portugal. Boasting a rapid processing time, the program features a remarkably low minimum residency requirement of just seven days annually or fourteen days biennially.
Investors and high-net-worth families, upon obtaining the residency permit, gain the freedom to travel visa-free to all European countries within the Schengen zone. Moreover, this residency status empowers investors to register and operate businesses seamlessly in both Portugal and Europe, providing access to an expanded market and a broader professional network.
The Malta Residency by Investment Program (Malta MPRP) stands out as Europe’s most economically efficient residency initiative. This program offers investors and their families a unique opportunity to secure lifelong access to Schengen countries. Participants in the Malta MPRP gain the right and privilege to live and work in Malta while simultaneously enjoying unrestricted travel throughout Europe. Even though Malta Residency by Investment Program does not require investors to physically reside in the country, investors may choose to live in Malta for as long as they wish.
The Malta Residency Card entails a one-time, nonrefundable contribution to the government and the acquisition or lease of a government-approved real estate property. This grants a lifelong residency without the need for renewal or the necessity of maintaining physical residency.
An advantageous aspect of the Malta Residence and Visa Program is that holders have the right to apply for a work permit throughout the Schengen area. Additionally, individuals, particularly businessmen, are free to establish offshore companies and bank accounts in Malta, allowing access to international markets and benefiting from a favorable tax environment that exempts taxes on overseas income.