Hugo Santos Ferreira
President
APPII (Portuguese Association of Real Estate Developers and Investors)
2021-11-25
The Golden Visa offers non-EU citizens free entry in the Schengen zone, and after six years the chance to apply for a permanent residency permit, followed by citizenship in the seventh year. Portugal attracted EUR 700,000 million in 2019 through this program alone, testament to its success.
The NHR (Non-Habitual Tax Resident Program ) is equally appealing to investors, because those that spend up to half the year in Portugal are exempted from paying taxes for ten years (or paying as little as 10%).