The Portuguese passport has achieved a new milestone in the Global Passport Ranking, securing a place among the top four most powerful passports in the world. Holding a Portuguese passport allows visa-free entry to 188 countries, including all 27 European Union nations, as well as the United States of America.
This recent update in the global passport ranking places Portugal ahead of countries such as Switzerland, Australia, Canada, and the United States, among others, which are considered influential nations worldwide. Among the factors considered in the ranking is whether the passport provides access to 227 destinations without a visa or can manage electronic visa applications.
In Latin America, Chile holds the highest position in the international passport ranking, although it is not among the top ranks, securing the 16th position with access to 174 countries. Argentina follows at 19th place, and Brazil at 20th place, with passports granting access to 169 and 168 nations, respectively.
The Rise of Portugal
Several factors contribute to the improvement in Portugal’s ranking. Portugal maintains peaceful relations with other nations worldwide. Additionally, it is a part of the «Schengen Area«, consisting of the 27 most influential European nations that allow mutual visa-free travel.
Another significant aspect contributing to Portugal’s higher rating is its membership in the European Union and long-established diplomatic representations on all continents. Throughout history, the country has maintained excellent trade and humanitarian relations with numerous countries.
Finally, Portugal is considered one of the most stable countries globally, with a robust domestic economy and a strong commitment to legal security. These are some of the reasons behind the increase in the number of foreigners in the last 10 years. The Iberian nation has benefited from foreign investment by expatriates, making it an increasingly appealing destination for citizens from around the world.
Furthermore, the attractiveness of Portugal’s residency and citizenship by investment program remains high for foreigners seeking not only a passport but also the special tax benefit offered by Portugal. This benefit is the «Non-Habitual Residency,» which, in short, provides a 10-year exemption from personal income tax for anyone with fiscal residence in Portugal.
How to Obtain a Portuguese Passport?
Since the beginning of the program known as the «Golden Visa» in October 2012, around 12,500 individuals have gained access through investment, while 20,169 family members have obtained Portuguese residency or citizenship after five years. In essence, obtaining the Golden Visa allows you to live, work, and study in Portugal, as well as travel freely within the Schengen Area.
Moreover, foreign investors can opt for Portuguese citizenship with the requirement of spending 7 days per year in Portugal over five years (one of the lowest requirements globally). In contrast, other countries in the region offering similar programs, such as Spain, require effective residency in the country for at least 9 months per year. One of the most popular options to access the program is through real estate investment, which allows obtaining the Golden Visa through the purchase of property starting at €280,000.
This option, which could potentially be discontinued in the coming months, is currently the most sought-after choice by investors worldwide due to its low capital investment requirement and attractive prospects for future profitability. At AIM Global, we can assist you in obtaining European citizenship through real estate investment, providing support throughout the entire process. Contact us to learn more about it.
