Egypt Ranked 129th on the Quality of Nationality Index (QNI)
portugal program |
The Middle East |
EU Golden Visas |
Portugal Golden Residence Program |
June 21, 2016
Investors across the globe are choosing to emigrate from their home countries for a multitude of reasons. Civil unrest and corrupt governments are only the beginning of the problem. These lead to poor lifestyles, lack of or poor education and healthcare services, as well as feelings of being trapped by the immobility offered by an investor’s current passport. In turn, established businesses cannot thrive, or are limited in their capabilities to expand internationally. All investors care about their wellbeing and want to secure the best possible futures for themselves and their families. It seems one of the only ways to escape the insecurities of their homeland these days is simply to leave.
The above is especially true for investors from the Middle East, most notably Egyptian nationals. Even the most successful business men in Egypt are applying for immigration programs through investment as they are looking toward a brighter future. Egypt ranked extremely low on the Quality of Nationality Index (QNI) published by Henley & Partners (129th of 161). Economic strength, stability and peace, as well as travel freedom are considered when ranking a country. Egypt scored very low in all factors, achieving only 22.6% on the Index. It comes as no surprise then that Egyptians are applying in large numbers to immigrate abroad.
Among the easier immigration options for high net worth individuals from Egypt is immigration to Portugal, Europe’s westernmost country. This beautiful country ranked near the top of the Index at number 16. Portugal’s Golden Residence Permit Program attracts high net worth individuals from around the world who seek to obtain residence in this EU member country in exchange for an investment into Portuguese economy.
The investment options for Portugal’s Golden Residence are listed below:
- Creation of at least 10 permanent jobs in Portugal;
- Real estate investment of €500,000 or more. For properties that were constructed more than 30 years ago, or for approved areas of urban regeneration, a minimum investment of €350,000 is required, including the purchase price and investment into refurbishment/renovation;
- Minimum capital investment of €1 million in a financial institute in Portugal;
- Minimum investment of €350,000 in public or private research institutions that are a part of the national scientific or technological system;
- Minimum investment of €250,000 in artistic production or national heritage;
- Minimum investment of €500,000 in shares or in venture capital.
In order to renew residency, only seven days of physical residency in Portugal is required in the first year, and 14 days in the following two years. This is good news for Egyptian business owners who cannot immigrate immediately and are required to remain in Egypt, at least for a few years, to settle business affairs.
Once conditions are met, investors also have the opportunity to obtain citizenship in Portugal. A Portuguese passport will grant its holder visa-free access to 172 countries, making this one of the most powerful passports in the world. Compared to the 50 or so countries accessed by an Egyptian passport, a Portuguese citizenship would be any investor’s dream.
The Golden Residency application process is fast and can be obtained within two months. Portugal is considered a very safe country with its low crime rates, it offers well developed healthcare, and an excellent education system. A better future starts with a simple application. Contact us today to learn more.
For more information on Portugal’s Golden Residence Program, please click here.
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Portugal Golden Residence Permit