Portugal is becoming more and more a residency destination for foreigners. This information is confirmed by the Immigration Authorities with the Immigration and Asylum Report, published on 28th June 2019.
According to the report, the number of foreigners residing in Portugal continues to increase every year, with an increase of 13.9% in 2018, in relation to the previous year, which translates to an increase of 58,589 individuals in a total of 480,300.
The Government justifies this increase with the appealing factors that Portugal has. In fact, according to the Global Peace Index, Portugal is currently ranked 3rd as the safest in the world.
This position is justified by the increased investment of the country in policing activities and organization between the several different police forces, including the Immigration Authorities. On the whole, this immigration increase shows that Portugal is an appealing country due also to its growing economy.
The majority of the foreigners residing in Portugal, in a percentage of 81%, are part of the working population, between ages of 28 and 44 and 68.9% reside in the boroughs of Lisbon, Faro and Setúbal.
Brazilians continue to be the leading nationality of foreigners residing in Portugal but there is a significant increase of other nationalities, such as Italians and French, and also Bengali, Nepali, Indians and Venezuelans.
Furthermore, Portuguese Nationality Applications have also broken the record of the past five years, as more than 41,000 citizens have requested Portuguese Nationality in 2018 only. From those 41,000 applications, 32,414 had favourable decisions.
The acquisition of nationality based on residency is on the top applications, representing 70% of the same.
The issuance of new residency cards in 2018 has also suffered a significant increase of 51.7%, referring to 93,154 new Portuguese residents. In particular, regarding the Portuguese Golden Visa applications, the report refers that in 2018 more than 3,000 new applications were accepted, with an invested total amount of € 838,532,935.27.
Source: Edge International Lawyers
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