Political unrest, compounded with the COVID-19 pandemic in Lebanon has led to a surge of Lebanon Golden Visa Portugal investors seeking enhanced freedoms. It so happens that Portugal's Golden Visa program allows investors to obtain legal residency in the country so long as they fulfill the program criteria.
Since the implementation of the program in 2012, the majority of Golden Visa investors have come from China. However, recently there has been an increase in interest from the Middle East, as documented by official Golden Visa statistics. In fact, 11 Lebanese were granted Portugal Golden Visa permits in 2020 by SEF, while as a whole in the UAE, interest in second citizenship has reportedly risen by 30%. This goes to show just how much value there is in second residency and citizenship solutions, especially during periods of instability.
What is the Portugal Golden Visa?
The Portugal Golden Visa is a residency by investment program in which investors can obtain residence permits if they make an investment of at least €280,000 and maintain it over a five-year period. Eventually, a Portuguese passport can be granted, provided that the investment is held for five years at least. The scheme was first introduced in 2012 and has since brought over €5.6bn in investments to Portugal. It has resulted in residence permits for around 9,000 investors, as well as around 16,000 for family members. Traditionally, investors opt to purchase property worth €500K in Portugal's cities like Lisbon, Porto, and the coastal towns around the Algarve. However, recent Portugal Golden Visa changes mean that from 1 July 2021, investors will no longer be able to buy property in Portugal's urban centers. Instead, investors can go for the other investment routes, like investing in Portugal investment funds golden visa.Which European country is easy to get citizenship for Lebanese nationals?
Lebanese investors looking for European citizenship usually consider the Greece Golden Visa, however, there are many reasons why the Portugal Golden Visa is the best choice for Lebanese nationals. The dynamic Portuguese real estate market has a lot to offer when it comes to investing and is currently growing in value at a stable rate. This is largely due to successful government incentives and a thriving tourism sector, which makes returns on real estate investments incredibly lucrative.Why the Portugal Golden Visa program is a good option for Lebanese nationals
- An investment into a more stable future
- Low stay requirement means you don’t have to relocate
- The dynamic market offers high returns for an affordable investment
- Generous tax incentives