Securing your and your family’s future is a top priority for many people. While there are several factors to consider when choosing a country to settle in, including the economy, education, healthcare, and safety, some countries stand out as particularly attractive options for families. Here are some of the top countries to secure your and your family’s future, and why:
Canada – Canada is known for its high standard of living, excellent education system, and quality healthcare. The country also has a strong and stable economy, making it a great place to live and work.
Australia – With its great weather, beautiful beaches, and welcoming culture, Australia is a popular choice for families. The country offers excellent healthcare and education, and its strong economy provides plenty of opportunities for employment and investment.
New Zealand – New Zealand is known for its stunning natural beauty, relaxed way of life, and excellent education system. The country also offers a high standard of healthcare and has a strong economy, making it a great place for families to settle.
United States – The United States is one of the world’s largest economies and offers a wide range of opportunities for employment, education, and investment. The country also has an excellent healthcare system and is home to many of the world’s top universities.
United Kingdom – The United Kingdom offers a high standard of living, excellent education, and quality healthcare. The country also has a strong economy, making it an attractive destination for families looking for opportunities in Europe.
Switzerland – Switzerland is known for its stable economy, excellent healthcare system, and high standard of living. The country also offers a high-quality education system and is home to many multinational companies, providing plenty of opportunities for employment.
Singapore – With its excellent infrastructure, low crime rate, and high standard of living, Singapore is an attractive destination for families. The country also offers a great education system and healthcare, as well as opportunities for investment and business.
In conclusion, choosing a country to secure your and your family’s future requires careful consideration of several factors. The countries listed above offer excellent opportunities for employment, education, healthcare, and investment, making them great choices for families looking to settle down and build a better future.
My Global Citizenship is a leading consulting firm that specializes in helping individuals and families navigate the complex world of second citizenships and residencies. We offer a truly global perspective and extensive knowledge of the citizenship and residency by investment programs available. Through our comprehensive services, we guide our clients through the entire process of obtaining a second citizenship or residency, from initial consultation and program selection to application processing and final approval. Our team of expert consultants provides personalized assistance and support at every step of the way, ensuring a smooth and stress-free experience. Talk to us for more information.
The EB-5 visa, also known as the Employment-Based 5th Preference Visa, is a popular option for foreign investors looking to immigrate to the United States.
This visa category offers a unique pathway for investors to obtain a green card, which allows them to live and work permanently in the US.
In recent years, there has been a growing interest among Indian nationals in obtaining an EB-5 visa, and there are several reasons why this visa is becoming increasingly popular among Indians.
Path to Permanent Residency: One of the main reasons why Indians are attracted to the EB-5 visa is the opportunity it provides to obtain permanent residency in the United States. This allows Indian investors to live and work in the US without the need to renew their visas or worry about being deported. The permanent residency status also offers the ability to travel freely within the US and provides a pathway to citizenship.
Investment Opportunities: The EB-5 visa also provides Indian investors with a unique opportunity to invest in the US economy. With the US economy being one of the largest in the world, Indian investors have access to a wide range of investment opportunities in various industries. This includes the real estate, technology, and hospitality sectors, among others.
Quality of Life: The United States is known for its high standard of living and quality of life. For Indian investors, the EB-5 visa offers the opportunity to experience the best that the US has to offer. This includes access to world-class healthcare, education, and infrastructure. Additionally, the US is home to a large and vibrant Indian community, which provides a supportive and familiar environment for Indian immigrants
Education Opportunities: Another reason why Indians are interested in the EB-5 visa is the opportunity it provides to access world-class education in the United States. The US is home to some of the top universities and colleges in the world, and Indian investors can take advantage of this to provide their children with a world-class education.
Potential for Business Growth: Finally, the EB-5 visa provides Indian investors with the opportunity to grow their businesses in the United States. With access to the world’s largest economy and a highly skilled workforce, Indian investors can expand their businesses and tap into new markets and opportunities.
In conclusion, the EB-5 visa offers Indian investors a unique pathway to permanent residency in the United States and provides access to a wide range of investment opportunities, quality of life, education, and potential for business growth.
With these benefits in mind, it’s not surprising that the EB-5 visa is becoming increasingly popular among Indian nationals.
Brazil offers permanent residency to those investors who invest in business and real estate (VIPER). The duration of the residence depends upon the investor’s contribution to the economy of Brazil.
The visa allows you to reside and work in the country. The visa is for those individuals who intend to live in the country for more than 2 years for business purposes. It is sometimes also known as a golden visa.
After 4 years of holding a permanent visa, the person can apply for citizenship. One can avail of citizenship if he ensures a stay of 183 days in the country.
The duration of the country visit must exceed six months straight. He must demonstrate expertise in the skills and knowledge of the country’s culture and history.
If the person or investor seeking a permanent residency in Brazil is married to the native, they may get citizenship before time, i.e., 4 years. In some cases, this phase exceeds 13 years.
Getting the Golden Visa for Portugal through Real Estate Acquisition
According to a recent report of the Global Residence and Citizenship Programs, the Golden Visa program initiated by Portugal is the best residency by-investment program in the world.
This report highlights ten indicators to analyze this program. Those indicators are;
Quality of Life
Quality of Process and Processing Time
Time to citizenship
From all these indicators, the Golden Visa program of Portugal gets 79 points out of 100. Moreover, the minimum threshold of real estate investments for this program in Portugal is €280,000.
Eligible property options for the Golden Visa program of Portugal
As discussed above, investment in real estate is an option for Portugal’s Golden Visa program, and the routes to follow to qualify for that are:
1. Residential Real Estate
To purchase residential real estate in a designated area, visa holders need to pay €500,000, and if the property is part of an urban rehabilitation project, the investment requirement is €350,000.
This minimum threshold of investments will be dropped by 20 percent if the property is in a low-density area.
2. Commercial Real Estate
An investor can buy commercial real estate anywhere in Portugal, and the investment should be at least €500,000.
If the property is located in a low-density area, then the minimum investment requirement can be dropped by 20 percent.
3. Real Estate Investment in the Azores or Madeira Islands
Investing in commercial or residential real estate in the Azores or Madeira Island will qualify the investor for the Golden visa program of Portugal. For that, the amount to be invested should be €500,000.
The investment requirement will be dropped to €350,000 if the property is part of a rehabilitation project.
However, such a discount for these islands is not available as these are not part of the declared low-density areas of Portugal.
4. Investments in Real Estate in Lisbon, the Algarve, and Porto
Residential Real estate Investments in a non-interior area like Lisbon, the Algarve, and Porto will not qualify the investor for Portugal Golden Visa.
However, a commercial real estate investment in these areas will help the investor to get a Golden Visa for Portugal. International investors have been investing in hotels, offices, and Airbnb apartments licensed in these areas.
If you think that buying a residential property in a popular spot will not make you qualify for the Golden Visa of Portugal, then it is not valid.
Although the majority of the famous areas are already occupied, there are still some of the best locations in the country where you can make residential investments.
For instance, you can have your dream home in a mini coastal village in the Algarve, the Alijezur.
You can enjoy life to its fullest in this area as it is away from the crowds. Sagres is another example of these regions, and Douro Valley is also an option to buy residential property and be eligible for Golden Visa.
Douro Valley is near Porto, so you can visit big cities easily. Moreover, there is no geographical restriction if you consider investing in commercial property in Portugal and being eligible for the Golden Visa.
Investments Scheme in Hotels
Investing in a renovation project hotel can also assist you in getting a Portuguese Golden Visa, which means you can buy a room or an apartment in a hotel or a resort and be eligible for this program. These projects will give you options like;
Once you become a citizen of Portugal and get citizenship, then you can have the buyback option, and you can get it back in five or 6 years.
You can live in the apartment for a week or two a year as you have to stay in Portugal seven days a year on average.
The property can be given on rent for the rest of the time. The projected income upfront will be paid to you by some developments, and others will pay it as a dividend. However, some developers will only pay you some initial investment but will offer you a buyback rate.
This Golden Visa program will help you be part of the developed community in the heart of Europe.
If you want to avail this golden opportunity, then reach out to us! We are here to help you on this journey.
Leverage opportunities to invest in foreign business
EB-5 US Visa is an Immigrant Investor Program that permits international investors with spouses and unmarried children (below 21 years) to get a green card by investing in US-based businesses.
To qualify for an EB-5 immigration visa, an investor can directly invest or invest through a regional center.
Benefits of EB-5 direct investment for business owners
International or immigration businesses may leverage the following benefits under the EB-5 program:
Assured ticket to permanent residency on meeting the minimum investment and job creation requirements.
He is either the sole business owner or a partner sharing significant control over the business as a direct investor
Direct investors cannot take any credit for the indirect jobs
The jobs created by the respected business count as direct jobs
Get jobs (government or private), set up businesses, and lead a retirement life without any sponsorship obligations.
Benefits of investing in EB-5 investments through the regional center
EB-5 regional centers are agencies that help businesses set up a new commercial enterprise. These are USCIS affiliated. The affiliation states that the operations conducted align with economic development and growth.
Though investing in EB-5 through direct investments is beneficial, supporting through regional centers grants more flexibility. Here is how:
It eliminates any requirement for involvement in day-to-day business management and interactions. The regional center caters to everything on a business’s behalf.
No need to prove a direct job due to investment
The immigrant business share flexibility to develop their own business and jobs instead of creating 10 employments in the respective sector.
A regional Centre’s track record helps a business grow to bag better projects.
The amount you need to invest is $5,00,000. It is easier to get approved for.
Regional centers can take credit for the job creation leading to revenue upliftment.
You can demonstrate indirect job creation as proof of employment.
The primary benefit of applying with a prestigious regional center is that investors can secure exemplary approval.
This approval almost approves the 1-526 petition. It is a petition that international business owners must file to get lawful status as an immigrant business entity.
Direct investment vs. Regional center investment: Which one to opt for?
The below parameters will help you choose the best.
Yes, as experts lead it in the industry
Paperwork and Approval
May take long
New commercial enterprises must maintain payroll and records to prove a salaried employee onboarding.
No requirement to keep track of payrolls and new hires.
Which one is right for you?
It is ideal for businesses who wish to gain green card access by investing in existing companies.
It is an excellent opportunity for investors to obtain a permanent green card rather than manage a new business.
Businesses prefer regional centers for their breakthrough marketing efforts.
As per facts, 95% of business contribution in EB-5 investments is through regional centers.
With this frame, it becomes easier to achieve job creation goals in the US.
Businesses immigrant investors can invest in
A new commercial business that the investors can invest in must be legally authorized. These businesses include:
Holding company and its subsidiaries
Limited Liability Company (LLC)
Other businesses that one can own publicly or privately
*An immigrant business entity is prohibited from investing in residential premises or non-commercial property.
Requirements for EB-5 investors
To determine whether your business qualifies for the EB-5 direct investments, consider the below aspects:
a) Sufficient Job Creation Potential
Each EB-5 investor business, apart from hiring 10 employees, must ensure 35 hours/per week.
One must follow this for 2 years. The involved companies must keep a detailed record of the same.
b) Permanent Green Card holders
The authority prioritizes businesses with minor immigration risks. EB-5 investors must ensure a permanent green card for themselves and respected family members.
c) Visionary and practical job projections plan
Plausible job creation projections must be there in the I-526 application. It is filed under 203(b) (5) of the Immigration and Nationality Act.
The business plan under this must include an operational and employment creation plan post 2-3 years of application approval. It should detail-
Basis of hiring
Detailed job descriptions (JD)
how the EB-5 business program aligns with EB-5 direct investment requirement
d) Must keep EB-5 funds invested for 2 years
An immigrant business must keep the funds invested until he holds the temporary green card for at least 2 years.
If one repays the investment amount before 2 years, he will be ineligible for permanent residency under the EB-5 program.
e) Provide an authentic source of the funds
The USCIS screening process involves a detailed analysis of the investment funds.
An EB-5 applicant may have different sources of funds. He must work with the lawyer to identify the funds to list.
In the case of a loan, the business must provide information regarding the pledged collateral.
The leading authority may request evidence of the same. The loan value must be at most 70% of the property value.
The value of the property must be equal to the loan amount. Apart from this, one must list the following with detailed documentation proof:
The EB-5 visa is one of the fastest routes to get a USA green card for investors and their families.
Applying for a green card through the EB-5 visa can take years. Each step in the investment program, from gathering the required documentation to making an investment decision, takes investors weeks or months.
The good news is EB-5 visa provides you with several benefits and makes the initial time invested in the process worth it.
It is recommended to take each step in the EB-5 visa process with great precision to avoid delays or issues in the process.
The EB-5 visa program requires an investment of at least USD 800,000 into targeted employment area projects and an investment of at least USD 1,050,000 into a non-targeted employment area project.
The visa requires a considerable investment; therefore, making an informed decision before investing is extremely crucial. Here is a detailed guideline about investment options for EB- 5 visas.
In the direct investment process, foreigners directly invest in an enterprise and do not use an intermediatory.
Starting from March 2022, the required investment amount in direct investment is USD 1.05 million unless the enterprise is in targeted employment areas.
In simple words, direct investment is not made through a regional center.
The following can qualify as direct investment
1. Investing in an existing business
2. Purchasing an existing business
3. Starting your own business
The investment should be made to a new enterprise; formed or expanded after November 29, 1990.
If an enterprise is located in targeted employment areas, the investment required is USD 800,000.
A targeted employment area can either be a rural area at the time of investment or an area that has experienced high unemployment (at least 150% of the national average unemployment rate).
One of the main things that distinguish direct investment is that the investor must provide proof that their investment will directly create at least 10 full-time jobs for qualified individuals.
Benefits of Direct Investment
An investment of USD 800,000 or above is not a light decision, and the investor must analyze all the costs and benefits in detail.
Direct investment for EB-5 visa gives more control to the investor. Whether you start a new business or invest in an existing one, you can run the business as you want or have a say in the decision-making process.
Direct investment means having the potential for unlimited earnings. If you start a business or invest in a new enterprise, there is no limit on how much profit you can get from the business.
If you have a good business plan and run the operation successfully, you can get a good return on investment.
Direct investment for an EB-5 visa usually will not charge you an administrative fee, while investing in a regional center requires you to pay an administrative fee of $50,000 to $70,000 to manage the project.
Investment through Regional Center
Investors of EB-5 visas have the option to invest in an enterprise through a government-approved regional center.
The minimum investment requirement through a regional center is $1.05 million, or $800,000 if the investment project is in a targeted employment area.
A regional center is a designated organization by the United States Citizenship and Immigration Services (USCIS) that sponsor capital investment projects for EB-5 visa investors.
A regional center can be a private or public entity that promotes regional productivity, economic growth, domestic capital, and job creation. If you chose the investment through a regional center, it would take care of the responsibility of job creation for at least 10 qualified individuals.
Since the regional centers are pre-approved by the US government, the investor is not required to prove that the investment has successfully employed qualified individuals, that the enterprise is new, or that the investors are capable of operation and maintenance.
Benefits of investment through Regional center
The regional center takes care of most of the investment requirements and criteria.
For investors looking for less burden in the EB-5 visa investment process, investing through regional centers provides them with an ideal situation.
Investors not interested in investing time in research about investment options can take advantage of already existing government-approved business units.
In addition, investors who choose the path of regional center investment will have more geographic mobility both within and outside the States.
However, investment through regional centers only reduces some responsibilities in the EB-5 visa process, your involvement in the process is mandatory.
Which investment method is best for you?
The EB-5 visa is the safest and fastest way to get a USA green card. As the investment amount is considerable, the investors must consult professionals and attorneys to guide them through the process.
Depending on your current situation, you can choose either path. If your schedule allows you to operate and manage a business in states, and if you meet all the requirements, direct investment can provide more control and financial benefits.
But if the purpose is to opt for a green card through an EB-5 visa, investment in a regional center provides a less burdened and convenient path.
The US is the dream place to live for people worldwide. As the world’s largest economy, the US provides countless opportunities for economic progress and professional growth.
The US is also home to the world’s top-ranking educational institutes, i.e., Harvard, CALTECH, Ivy League universities, and many more. Headquarters of the world’s largest corporations are located in the US.
In 2021, 53 out of Fortune 500 companies were headquartered in New York City. Having a US residency card or nationality means having leverage over the rest of the world in getting an opportunity in Fortune 500 companies.
People worldwide search for opportunities to immigrate to the US for a better quality of life, education, and economic growth.
There are several programs to facilitate the immigration of foreign nationals, and one of them is the EB-5 visa program.
EB-5 is an investor program in the United States created in 1999 by the US Congress. The US EB-5 visa program is equivalent to the Golden Visa Program in Europe.
That means it is an immigration program that allows foreign nationals to move permanently to the States in exchange for an investment.
The EB-5 visa allows investors to reside in the States and option a green card for themselves, their spouse, and children under the age of 21.
The primary condition to become eligible for an EB-5 visa is a capital investment of $800,0000 in a new commercial enterprise.
Who is eligible for The US EB-5 Visa?
All non-US citizens worldwide are eligible to apply for the EB-5 visa. No specific personal or professional requirements exist to qualify for the EB-5 visa, and an individual with highly liquid financial assets can apply for the EB-5 visa program.
However, investors applying for the EB-5 program must have clean criminal records. If the investment is not to regional centers. In that case, the investors must demonstrate that they are involved in managing the company they have invested in and in what capacity.
The investor must prove that they have acquired the investment funds legally. If the funds are available to an individual through inheritance, there must be proof of legal ownership and transfer of such assets.
Options to obtain: EB-5 Visa
1. Investment in a new commercial venture
An amount of €800,000 must be invested in a new enterprise to obtain an EB-5 visa. New businesses or enterprises are established after 29 November 1990, per the immigration law.
A business founded before 29 November 1990 but purchased and restructured to create a new enterprise also falls under the new enterprise category.
An enterprise is also considered new if the enterprise is expanded due to the investment to the extent that the number of employees and net worth of the enterprise increases by 40%.
2. Creation of at least ten full-time jobs
For an EB-5 visa, an applicant must invest the required capital in a new commercial enterprise that will create at least ten jobs for qualified individuals.
The new commercial venture must create ten full-time positions, meaning the enterprise must be the employer.
If the commercial enterprise is located in the regional center, in that case, the enterprise can create full-time positions directly or indirectly.
The enterprise needs to hire ten qualified individuals to work in the State. The qualified workers, in this case, are US citizens, green card holders, and all other people authorized to work legally in the States.
3. Passive investment in a regional center
If an investor is interested in something other than starting or investing in a company where they must take responsibility and work themselves, there is an alternate option for them.
To obtain an EB-5 visa, one can also make a passive investment in a regional center. The US government created the regional center institute to provide an opportunity to obtain a green card through a strictly passive investment.
What types of businesses fall under new commercial enterprise?
A commercial enterprise is any for-profit activity to conduct a lawful business.
Any legal business from the following category qualifies as Commercial Enterprise
Partnership ( limited or otherwise)
Limited liability company
Other private and public-owned entities
Why invest in EB-5 Visa?
The EB-5 visa route allows high net-worth investors to obtain a US green card, and other advantages make the investment worth it.
The route benefits the investors and allows the spouses and children to live, work and study in the States. The EB-5 route is quicker and easier for permanent residency than other immigration and visa programs.
Once on the EB-5 visa route, you no longer require visa sponsorship for your family, a hurdle most foreigners face. This program allows you to reside anywhere in the United States of America and work anywhere.
It allows the investor’s children to study and work anywhere in the US. Once you have a US green card, you can travel in most countries visa-free.
In addition, the well-structured transportation and facilities allow you to explore 52 states of the US easily.
Europe is one of the finest places to live and has several benefits. Citizenship in one of the EU countries means access to varied economic opportunities and a world-class health and education system.
Having European citizenship also makes traveling more convenient; it’s affordable, visa-free, and well-connected.
One of the best options for European citizenship is the Golden Visa program offered by a few European countries.
The Golden Visa program offered by Portugal is one of the world’s top citizenships by investment programs. The Golden Visa program gets investments from thousands of people worldwide.
The Golden Visa of Portugal is unique and attractive because of its many features discussed below.
Golden Visa Portugal
Citizenship by investment, also known as the Golden Visa, allows non-EU/EEA citizens to get residency and later citizenship in European countries.
The Portuguese Golden Visa program is the most popular one in Europe because of the diversity of investment options, affordability, and flexibility available to investors.
In addition, the golden visa investment allows your entire family (blood relatives) to benefit from the investment.
New policy for Golden Visa in 2022
In January 2022, the Immigration and Borders Service (SEF) introduced changes in the Golden Visa requirements.
While the minimum investment for the golden visa for specific residency properties remains €500K, the changes have limited and specified the geographical areas where residential properties are eligible and qualified for investment.
Investors can purchase commercial real estate anywhere in the country worth at least €500K.
The changes have also increased the capital transfer amount from €1 million to €1.5 million.
Investment options for Portugal’s Golden Visa
· Residential Real Estate
An investor can acquire residency by investing a minimum of €500,000 in residential real estate properties in designated interior areas of Portugal.
Another option is an investment of €350,000 in a rehabilitation project.
· Commercial Real Estate
A minimum of €500,000 investment in commercial real estate property anywhere in the county. Or a €350,000 investment if it is a rehabilitation project.
Other options for acquiring Golden Visa in Portugal
1. Capital transfer worth €1.5 million.
2. The creation of at least ten job positions
3. Contribution of €500,000 to scientific or technology research.
4. Company incorporation and creating ten jobs amount to a minimum value of €500,000.
5. Donation of €250,000 to support the reconstruction of national heritage in Portugal.
Why choose Portugal for Golden Visa Investment?
In addition to the diversity of options that Portugal provides its investors, it is one of the finest European countries.
If the investor decides not to live, they also have that option. An investor in Golden Visa must stay in Portugal for only seven days a year.
For anyone investing in Golden Visa Program, Portugal doesn’t bring any tax responsibility unless they decide to stay more than 183 days in the country. After 183 days, the person becomes a tax resident in the country.
Portugal has a favorable tax regime for foreigners interested in relocating to Portugal and wanting to become tax residents.
The non-habitual residency (NHR) offers certain tax exemptions in the income tax for the first 10 years. However, the rules slightly changed in 2020 regarding tax breaks on the pension incomes of foreign prisoners.
You can work, study, and live in Portugal through the Golden Visa Program. If you decide to live in Portugal full-time through Golden Visa, you will have access to all the public facilities, including health and education.
This visa also allows you to apply for any jobs or start your own business in the country. One of the reasons the Golden Visa program attracts foreigners is the policy regarding family reunification.
The family Golden Visa applicant can extend their visa to other family members. The application process for the principal applicant and dependents is processed simultaneously.
Eligibility for Golden Visa Portugal
· Anyone with non-EU/EEA/Swiss nationality can apply for the program.
· The main applicant must be 18 years old and above and hold a clean criminal record from their home country and Portugal.
· The investment should be transferred from outside Portugal.
The applicant should have a minimum investment in any Golden Visa Investment options mentioned above. The Golden Visa can be extended to the following family members of the applicant.
· Children under the age of 18.
· Dependent children under the age of 26 if they are not married and are full-time enrolled students.
· Parents above the age of 65.
Benefits of investing in Golden Visa of Portugal
1. Freedom of mobility.
2. Options of investing in multiple properties.
3. No legal obligations of residing in the purchased property.
4. Affordable and numerous investment options.
5. One investment to facilitate all family and coming generations.
6. Eligibility for Portuguese citizenship or permanent residency in just five years of the investment.
7. A chance to live in a country with the best weather and affordable living.
8. The Portuguese passport is the fifth strongest passport in the world.
If you want to apply for the Golden Visa program and live in the world’s best continent, then connect with our experts today!
However, this small country situated on the western coast of the Iberian Peninsula, Portugal is becoming the most visited country in Europe. It is a tourist attraction for an infinite number of reasons.
Talk about beaches, traditional cuisine, soccer, lively people, idyllic climate, affordable travel costs, and exceptional landscape it’s not only becoming a tourist spot. Rather a lot of people are thinking to move and settle into Portugal permanently.
From the landscapes you saw to the sights you view, the food you ate, to the waves you rode, Portugal is one of the finest places in Europe to both visit and settle in.
Let’s have a look at a variety of other reasons for Portugal becoming extraordinarily popular from an underrated country in the European belt.
From the rocky and towery mountains in the north to the spectacular beaches in the south, Portugal is enriched with the places that usually don’t turn up on the maps but are there as a hidden secret for all the tourists to have a visit and explore the delightful beauty of nature.
Old fashioned charm with contemporary sophistication, Portugal is both classic and distinctly modern. It’s a paradox that attracts visitors from all across the globe.
The country’s iconic cities are where modern life buzzes with the ancient landscapes referring to the past. Like in the city of Porto, which you can admire in the picture.
From amazing scenes from the top of the mountains to the largest underwater world, Portugal is unique in every sense.
Portugal has a variety to offer to its visitors, from the oldest bookstore in the world to Europe’s largest bridge.
From hidden cities’ secrets to the shores of the noisy water striking the surface will leave you in awe.
One of the major reason people choose Portugal over any other European country is its uniform weather throughout the year. Especially on the Algarve coast, southern Portugal.
Most of the EU countries experience extreme hot to extreme cold conditions. While on the other hand, cool sea breezes in summers and pleasant comparatively warm wet winters make Portugal a desirable place for all the expats and tourists to visit and settle in Portugal.
One of the prominent factors of Portugal’s popularity is its simple and delicious cuisines.
Be it seafood, meat, or vegetables, the food is relatively simply cooked following the basic ingredients rather than complicated sauces used in its neighboring countries like France, Italy, or Spain.
Moreover, Portugal is highly affordable when it comes to food.
One unique feature of Portuguese cuisines is a seasoned food. They cook what is in according to the season.
One of the specialties of Portuguese food is potatoes cooked in a variety of ways. Pastéis de Nata is the signature Portuguese dessert, an egg tart pastry dusted with cinnamon.
Other famous Portugal cuisines include Bifana, Bacalhau, Squid, and Sardines.
As for drinks, Portugal is known to be one of the world’s biggest consumers of wine per capita.
Portugal’s most famous export is wine which is known to be the national drink also.
Moreover, the world’s oldest wine-producing region and a candidate for UNESCO World Heritage Site is the Douro Valley is another popular feature for Portugal.
One of the reasons for Portugal’s popularity is its native Portuguese language which is known to be the official language of nine other countries.
Having 220 million native speakers of this language, it’s the sixth most spoken as a first language.
It’s a curious fact about Portugal, which attracts many Brazilian expats to the Old Continent.
Every time we think about Portugal, the very first thing that comes to mind is Cristiano Ronaldo.
Football might be the popular sport played in Portugal but Cristiano Ronaldo has become a brand associated with football representing Portugal all across the globe.
Even interested in soccer or not the whole world recognizes him.
Apart from him, Portugal is known to produce great players of all times on the Soccer field. Eusébio, Luis Figo, Paulo Sousa, and Paulo Future are some of the greatest names in the history of Portugal soccer.
Standard of living
With such a growing and confident economy, Portugal is known to be the hub for all the business tycoons and investors from all across the globe.
Innovations, talented people, leading companies are building it a new country and a startup hub in the whole of Europe.
The combination of good infrastructure and a high-quality economy with massive technology as compared to other parts of Europe makes Portugal quite attractive for starting a business and investing here.
The strong capability of exports, well-educated workforce, and low-cost base is an eye-opener for all the business starters to invest in Portugal.
Cost of living
Living in Portugal is highly affordable as compared to other parts of Europe.
From food to the residence, fueling to healthcare, Portugal offers you the cheapest rates comparatively.
Moreover, Airfares are relatively low and stopovers are free for domestic as well as international flights.
Fado is known to be the soul of Portuguese music.
This specific genre was recognized and originated in Lisbon, the capital of Portugal, and is often played in Pubs, cafes, or restaurants, and other public areas presenting a soothing effect to the environment.
The Fado music contains the message of hope and the new beginning after going through the tough phase of life.
To wrap up, Portugal was nowhere in the past decades. But this small country with a low population was highly underrated.
In the recent past, it evolved as an ideal business hub for investors from all across the globe. The Portuguese economy is shifting to be confident and ever-growing.
Besides, Portugal is highly popular for its high quality of life and affordable access to almost every facility and even luxuries.
Nonetheless, the spectacular and mesmerizing landscapes and beauty add a lot to increasing the popularity of Portugal.
The sandy beaches of Phuket, the bustling streets of Bangkok, and the mountains of Chiang Mai could all soon be options for digital nomads looking for their next home base.
Thailand will soon offer a 10-year visa to potential long-term residents, with applications opening Sept. 1. The scheme hopes to attract “foreign human resources with high potential and skills,” Narit Therdsteerasukdi, deputy secretary general for the Thai Board of Investment, told Nikkei Asia.
The visa is targeted primarily at people working in high-tech industries, like electric vehicles, biotechnology, and electronics. But the visa will also be available to employees of foreign companies who want to base themselves in Thailand as a digital nomad—or “work-from-Thailand professionals,” as the visa describes them.
Visa holders would be taxed at a lower rate—17%, as opposed to the 35% charged on income greater than $140,000. (For comparison, the U.S. charges a 35% tax rate on income between $215,950 and $539,900.) The visa will also be available to those with over $1 million in assets, or retirees with stable incomes, similar to other so-called golden visa programs that offer residency to wealthy foreigners.
Thailand is the latest country to seek out remote workers as a new source of visitors, as hotspots try to rebuild and revamp their tourism industries in the wake of the COVID pandemic.
Thailand hopes to bring in a million people from Japan, South Korea, China, the U.S., and Europe. Therdsteerasukdi told Nikkei Asia that he expects visa holders to contribute about $28,000 per person to the local economy, with the whole scheme contributing $27.6 billion in total.
Documents from Thailand’s Board of Investment lay out the requirements for becoming a “work-from-Thailand professional”: You need to have earned $80,000 per year for at least two years (with some exceptions), have at least five years of experience, and work for a company that’s generated at least $150 million in revenue over three years.
The Board is clearly interested in attracting remote workers. Its website trumpets a survey from workspace company Instant Offices that designates Bangkok as the world’s second-best location for digital nomads (behind Lisbon).
Other Southeast Asian countries are also appealing to digital nomads. Indonesia, home to the resort island of Bali, is considering a visa for remote workers that would allow them to stay for up to five years. In June, Indonesia’s Tourism Minister Sandiaga Uno told Bloomberg that he hoped the visa might attract higher-spending visitors.
Uno described the digital nomad visa as part of a broader initiative to rebuild the country’s tourism industry. “In the past, the ‘three S’s’ were sun, sea, and sand. We’re moving it to serenity, spirituality, and sustainability,” Uno said at the time.
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