After stopping receiving applications for the Golden Visa Program in Portugal, the Portuguese parliament finally released the result of the final vote of the Economic and Public Works Committee, which stipulates the resumption of receiving golden visa applications again in July 2023. Still, this return does not allow the possibility of obtaining a Golden Visa through real estate investment.
This means opening the door to receiving golden residency as long as it is not through the purchase of real estate or any type of real estate investment while maintaining the other conditions.
Options available for obtaining the Golden Visa Program in Portugal:
- Securing at least 10 job opportunities.
- The investor’s contribution to scientific research.
- Investing in the promotion of cultural heritage.
- Investing through mutual funds.
- Commercial investment by securing at least 5 jobs
As for the options that are no longer available (discontinued), they are:
- Capital transfer.
- Real Estate Investment.
- Investing in renovating a property.
Benefits of obtaining the Golden Visa Program in Portugal:
- Freedom of movement within Portugal and the Schengen countries.
- Possibility of obtaining permanent residence after 5 years.
- Freedom to live and work within Portugal.
- Enjoy tax benefits or tax relief when you are an ‘unusual resident’.
- Social Security and Medicare benefits.
- Practicing professional activity, whether independent or an employee.
- Possibility of residing in any Schengen country for 3 months every 6 months
You can find out more details regarding the Golden Visa Program in Portugal by contacting NTL directly.
Grenada Government Simplifies Citizenship Procedures
In an effort to simplify the process of obtaining citizenship, the Government of Grenada, one of the Caribbean islands, is seeking to make the application and follow-up process in two phases instead of one stage only. Therefore, the new procedure will significantly reduce the time taken for transactions.
What is the Turkish Portal (your key Turkey)?
It is an online portal for foreigners, launched by the Turkish Ministry of Environment and Urban Development. It is an easier way to obtain all information and consultations related to Real Estate, Real Estate Registration, and how to obtain Turkish citizenship by investing for foreigners wishing to buy real estate or/and obtain citizenship in Turkey.
NTL AT RAK International Exhibition for SME 2019
In response to a special invitation, NTL company represented by Mr. Imad Elbitar, Nationalities and Citizenship Expert, attended the opening of the (Ras Al Khaimah) RAK International Exhibition for Small and Medium Enterprises SME, followed by a luncheon that brought together many investors, diplomats and managers of participating companies from around the world.
First Day In InvestPro 5th – Dubai
InvestPro conference takes place in Dubai – UAE, at Oberoi Hotel for two days from 13 to 14 November.
NTL, represented by Mr. Imad Elbitar, Nationality and Citizenship Expert, and Regional Director for the Middle East and Turkey, participates in the conference.
Comparison Between Turkey and Caribbean CBI
The second citizenship is considered the pass card to secure a better future for the investor and his family. In this article, we put together a comparison between the most required passports and their advantages.