Updated: Apr 26, 2022
Following the ease in travel restrictions, Dubai-based AAA Associates Immigration Services recently launched a one-of-a-kind instalment plan for investors to pay for the Portugal Golden Visa. Citizenship By Investment industry-first scheme facilitates mid to large size investors planning to obtain the Portugal Golden Visa, a 5-year Permanent Residency, and leads to Portuguese citizenship.
Investment for the Portugal Golden Visa starts from EUR 280,000 (AED 1.1 million) to EUR 1,500,000 (AED 6 million), depending on the investment.
For investors who decide on the Real Estate option in Portugal, AAA Associates has created the first and most convenient payment option for applicants by breaking down the investment amount into four monthly instalments or a down payment and 11 Post-Dated-Cheques (PDCs). The second option spans over 12 months in total.
Portugal Golden Visa
Generally speaking, a Golden Visa is a visa programme that allows individuals to get a long-term residence permit and citizenship in another country, make an investment or donate to a government fund.
“The key motivator for us to launch the novel instalment plan is to make it easier for investors who plan for the Portugal Golden Visa but are hesitant due to the adverse economic impact of Covid-19. The investors have started reemerging from the low market, said Imran Farooq, CEO of AAA Associates.
“Being the largest and one of the oldest immigration firms in the Middle East, we have a sense of responsibility to support investors in any way possible. Therefore, we have come up with the world’s first flexible payment option for investors planning to obtain Portuguese residency and citizenship.” – Imran added.
“To make the Portugal Golden Visa process even easier, we have started facilitating the investors with a Real Estate option and a unique way of saving towards their investment without one final outlay with the amount being spread over twelve months. Based on the current investor trend in the residency to citizenship market, we expect our easy payment solution to attract a considerable increase in the Portugal Golden Visa enquiries,” Imran concluded.
Portugal – A Member of the EU
Portugal, a member of the European Union (EU), is located in Southwestern Europe, in the Iberian Peninsula.
It is considered a developed country with a high income and standard of living and is one of the most peaceful countries in the world.
The European Union (EU) is an economic and political union of 27 countries. It operates as a single market which allows free movement of goods, capital, services and people between member states.
Lately, Portugal has become one of the most popular tourist destinations globally, making tourism an essential industry.
Apart from its Mediterranean climate and many beautiful beaches, it is also a popular site for cultural vacations.
According to the Bank of Portugal, the country’s economy is expected to expand by 5.8 per cent in 2022, boosted by growing exports and investment, urging the government to use EU pandemic recovery funds to sustain growth efficiently.
Key Industries in Portugal
Portugal's primary industries are textiles, clothing, footwear, wood, paper, chemicals, auto-parts manufacturing, base metals, dairy products, food, porcelain and ceramics, glassware, technology, telecom, ship-building, tourism, and building materials. Iron ore, copper, zinc, tin, tungsten, silver, gold, uranium, marble, clay, gypsum, hydropower.
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