Portugal Vs. Greece: A Comparative Guide To Residency Programs

But choosing between them might be difficult since stunning beaches, fascinating historical sites, and mouthwatering food surround them. This book will serve as your compass as you navigate the salient points of the investment-based occupancy programs in Greece and Portugal. We'll help you choose the best alternative for your objectives and way of life by comparing investment possibilities, residence requirements, and each nation's distinctive benefits.

Residence Permit Options in Portugal

The Portugal Golden Visa program options are still active and available even if the route to Portugal residency by investment closed in October 2023. 2024 is still a good year for investors who want to get an EU passport without staying for at least six months.

• Visa-free traveling. Vladlena Baranova, an Immigrant Invest expert, highlights visa-free travelling for 90 days every 180 days to all 26 Schengen Area nations and to more than 130 other countries, including the USA, Canada, Singapore, Japan, and the United Kingdom.
• Favorable taxes. The financial benefits of the Portugal Golden Visa are unbeatable, particularly the NHR tax status, which offers excellent tax savings impacting personal and business property finances.
• Investment opportunities. Commencing at €250,000, choose from a diverse portfolio of affordable investment opportunities, including job creation, real estate investment, capital investment, capital transfer, and donations.

Additionally, the Portuguese government recently declared that the six to eighteen-month duration of the Golden Visa application period will be incorporated into the five-year living requirement. This question is discovered at Immigrant Invest in more detail.

Residence Permit Options in Greece

For people and families looking to live in Europe or pursue a route to EU citizenship, the Greece Golden Visa program presents an incredible opportunity. Greece encourages investors to investigate its products and open up a world of opportunities because of its strategic position, rich cultural legacy, and varied advantages of Greece residency by investment.

• Healthcare and education. European-quality healthcare and education systems are advantageous to investors for both themselves and their dependents. This is particularly true for investors who want to include their parents or children in their applications.
• Flexibility. The program permits a variety of real estate investment alternatives, such as residential, commercial, or land holdings. Investors who make real estate investments in Greece for €250,000 or €500,000 may get residence permits.
• Family. The investor's parents, spouse, and children under 21 are all granted residence.
• Business opportunities. Holders of Greece Golden Visa may increase their international business prospects by engaging in trade with any 27 Schengen Zone member nations, opening new doors and broadening their professional network.

The Greece Golden Visa program is a first step toward ultimate Greek citizenship and permanent residence. Investors who have held a Golden Visa for five years can seek permanent residence.

Comparison of Portugal and Greece for Obtaining Residency

Portugal offers five-year accelerated citizenship, tax incentives, and a range of investment opportunities beginning at 250,000 euros. Following the initial investment, no minimum length of residence is mandatory.

Greece provides exceptional education, healthcare, and real estate investment flexibility (between 250,000 and 500,000 euros). After seven years, residency is followed by permanent residence and then citizenship.

Conclusion

So, the Portugal Golden Visa program continues to operate and provides numerous advantages, including visa-free travel, advantageous tax treatment, and a wide array of investment prospects. Investments may qualify for an EU passport through this program without maintaining a presence in the country for at least six months.

Similarly, the Greece Golden Visa program offers appealing benefits such as access to healthcare and education at the European level, flexibility in real estate investments, and prospects for expanding international businesses. Both programs provide investors and their families with avenues to obtain permanent residence and EU citizenship.

Photo credit: Portugal, Wiki.

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