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Looking to emigrate another country? Here are the countries to look for

Lisbon, Portugal

If you plan to settle in another country or just make an investment, Greece and Portugal can be the two viable options.

A real estate market outlook for Portugal indicates an optimistic forecast on the Portuguese property market. “Despite the Covid-19 pandemic, a scenario of . . . high financial liquidity persists, and interest in the property market remains high”, the report says. The report adds to this: “The key factors that helped maintain relative stability in the residential purchase market in 2020 are due to prevail in 2021.”

Being among the Golden Visa countries, Greece offers a promising opportunity for foreign investors. The official institution Enterprise Greece supports this through the numbers. It indicates that the number of foreign investors obtaining residency reached more than 8,000. They attained this right through investment in Greece.

So, if you plan to settle in another country or just make an investment, Greece and Portugal can be the two viable options.

Portugal’s Golden Visa comes with the rights of residency and citizenship
The Golden Visa program opens the way to EU residency and even citizenship. The first step of this program is to make a proper investment in the country. Following this, you apply for the Golden Visa, and it’s done when the application is approved. 

At first, you get a temporary residence right valid for two years. Renewing it again for another three years, you can be eligible to apply for citizenship or permanent residency. In the meantime, you are expected to stay in Portugal for around seven days per year.  

Portugal offers an incentive taxation schedule for foreigners
The NHR (Non-Habitual Resident) program is an attractive schedule for those shifting their tax residency to Portugal. In line with this, the non-habitual residents are exempt from most of their income earned outside of Portugal. To benefit from this program, you need to fulfill the following requirements:

● Having the right to reside in Portugal,
● Not having been a tax resident in Portugal in the last five years, and
● Staying in Portugal for at least 183 days in a year.

So, if Portugal is among your options, make sure that this tax reduction can provide you saving in the long run. The schedule is available for ten years, starting from the time you are approved.

Real estate investment in Portugal offers liquidation after getting citizenship
Real estate investment in Portugal has attracted more than 9,000 foreign investors. It makes up around 95% of all the investors who obtained Portuguese residency. Four different real estate options differ in terms of the location and status of the property. The lowest option starts from €280,000. 

One of the benefits of this option is that you can sell your property at the end. It becomes possible when you finally get Portuguese citizenship or permanent residency. 

An investment of €250,000 is sufficient to get Greece Golden Visa
You need to invest a minimum of €250,000  in a property in Greece, which is the lowest investment amount for an EU residency. 

If you choose the Greece Golden Visa Program, you don’t need to stay in the country to keep your residency. There is no limitation in terms of stay duration. 

Also, you can renew your residency every five years, indefinitely. 

The program also includes extended family inclusion. In addition to your spouse and children, your parents and parents-in-law can also benefit from your Golden Visa.

Greece provides tax reduction for foreign retirees 
A recent tax regulation offers a flat rate of 7% taxation on pensioners’ all foreign income. If you shift your tax residency to Greece, you can benefit from this schedule. Also, you cannot be a tax resident in Greece for the last five years. 

This tax regulation is planned to be an incentive for foreign retirees to contribute to the country’s economy. It’s also a win-win situation considering the considerable amount of saving for ten years. 

Stable Greek property prices in the last three years
Although Greece has undergone an economic crisis in the not-so-distant past, it has started to recover. As an example of this, property prices began to increase significantly after 2017 in certain regions. 

Since 2019 onwards, however, it is possible to see stability in terms of prices. Data from the Bank of Greece indicates that islands like Corfu, Crete, and Athens are examples. In these areas, the prices show similarity each year, starting from 2019. 

Quality education and lifestyle in both Portugal and Greece
Many international high-quality schools and colleges are available in Portugal and Greece. In addition to this, you can find more English-speaking people in tourist areas.

Especially in Portugal, you’ll find a stable and slow lifestyle. The local people know how to enjoy their time without rushing for anything. 

In both countries, you are likely to meet with hospitable and friendly people. So, you don’t feel like a stranger.

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