Portuguese passport – the 7th most powerful passport in the world

„Your passport is your key through the doorway to the rest of the world.“ Do you agree with this statement? What does it make so many people want second citizenship and is European citizenship really worth it? With Portuguese passport being the 7th most powerful passport in the world, we have decided to analyze this topic and understand what motivates our clients to apply for Golden Visa.

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Free movement

One of the greatest benefits and reasons for becoming an EU citizen, that many of our clients value, is free movement. For instance, last week we worked with a Russian citizen, that operates a successful online business and has regular business trips to Europe, where sometimes he has to stay for a couple of months. But because of his current passport, he is not able to stay in the Schengen Zone for more than 183 days a year and constantly has to think about visas renewals, which creates many problems for his business. With Portuguese Golden Visa, he has no problems like that anymore, as he can stay in Europe as long as he wants and if on the contrary if he will need to stay in Russia, he will not lose the residency, as the requirement of minimum stay is just 7 days.

Safety

Some of the clients we assisted were coming from relatively unsafe countries. Either non-stable economic situation or sometimes even dangerous for life. Many Brazilian clients of ours confirmed that safety is the main priority and reason for obtaining the Portuguese passport for them and their families. Did you know that you can include your spouse, children and dependent parents in your application?

Apart from Portugal being one of the safest countries in the world, the EU really cares about their citizens. During emergencies, all EU member states must help EU citizens evacuate as if they were their own nationals. It also applied to everyday situations, like a passport being stolen or a serious accident.

Additionally, many of our clients didn’t want to keep investments in their country, due to the unstable economic situations and other issues, so having EU passport open doors to many safe investment opportunities.

Healthcare benefits

The Healthcare System in the EU is considered to be one of the strongest in the world. Under the current EU laws, EU citizens benefit from reciprocal healthcare when they are in any of the European Union’s 28-member states.

Children & Education

Many of our clients are parents who are concerned about their children’s life, future, and safety. If you are thinking about the education of your children, and we all know that the right education is the key to future success, there are many reasons to study in the EU. Raising your children in a multicultural environment will grant them a lot of skills for their future careers. Not to mention, Europe has one of the best Universities in the world and a great benefit of being an EU citizen is paying the same tuition as Europeans, unlike foreigners that sometimes have to pay twice as much for the same education.

Full working & residential rights

EU citizens are legally allowed to stay and work in any of the EU member countries. They don’t need to apply to visas and constantly be worried about the immigration status and renewals. Also, many employers prefer to hire EU passport holders to eliminate the paperwork and expenses related to foreign employees, so you will always have an advantage as an EU citizen.

Tax Benefits

Some of the countries offer very attractive benefits to its residents and citizens. For example, Portugal has a non-habitual tax regime. Under this tax regime, Portugal will not tax most foreign source income earned by NHR individuals because the income may be taxed abroad.

To learn more about tax benefits, please call our tax consultant.

Fast-tracking through customs

For some people, this will sound silly, but fast-tracking through customs is a great benefit for many people. How many times have you been in the European city airports and had to wait long queues, while EU citizens were passing by and didn’t have to wait at all? Most of our clients are businessmen and they value time, which is the equivalent of money, so when something saves time, it saves money as well.

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Would you like to know about the Portugal Golden visa and how to obtain an EU residency for the whole family in a short period of time?

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About DRP Advisers

DRP Advisers is an expert in Real Estate investments and Golden Visa Program. For many years we have been helping clients to find the right properties in Portugal. We use our extensive connections within the industry to access suitable investment opportunities ahead of the competition.

With a cosmopolitan team, our secure network of lawyers, real estate brokers, property managers, mortgage advisors are here to guide you every step of the way through your investment journey.

To find out more, please contact us:

E-Mail: renata@drpadvisers.com

Phone: +351 912 585 085

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