How to take advantage of an EU passport?

How to take advantage of an EU passport?
Reading time: 6 minutes
Published: 10th December 2019, 11:08am

The European passport is amongst the most powerful in the world; pursuing one grants one several benefits, such as unrestricted right to live, work, retire, or run a business in the European Union. Besides that, since all EU states are working together, there are no wars between them. This union between the countries made Europe a peaceful place and as a result, citizens live in mutual respect towards religion, race, and ethnicity.

Here are 5 top things you can take advantage of if you’ve applied for an EU passport:

Mobility

If you qualify for EU citizenship, you can travel freely across the 28 European countries including all Schengen states. Although most US, Australian, Canadian and New Zealand citizens can enter the EU without a visa, but they cannot live, work or study in the EU for more than 90 days out of every 6 months.

If you’re coming from outside read more on acquiring the full Portuguese citizenship and enjoy Portugal as much as you want.

Healthcare

Access to universal health care throughout the European Union is one of the greatest benefits of a European Union passport. While each European country has its own system, basic health care is guaranteed to all citizens.

Education

An EU passports grants you access to free education or reduced fees costs at schools and universities throughout the European Union, being some of them the world’s most renowned institutes. Additionally, any certificate of higher education obtained within an EU member state will be recognized in all other European countries.

Safety and Privacy

General Data Protection Regulation (GDPR) has recently been introduced into the EU, covering data collection, storage, and use and allowing individuals to move their personal data from one service provider to another. EU regulations provide a tax-related level of confidentiality that is not present in many parts of the world.

Financial

To investors, financial benefits are crucial. The EU offers appealing capital investment tax incentive programs. Europe has no double taxation (or low tax) agreements with more than 60 other countries. EU regulations also offer a layer of taxation privacy that is not available in many parts of the world.

If you would like to know more about the tax regime in Portugal, see here

Lastly, different countries around the EU offer different tax rates - countries such as Cyprus, Greece, Portugal, Malta, and Montenegro, among others, all offer either favorable tax rates or foreign income schemes that can create an attractive tax environment for the first years in the country. 

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Although applying for second citizenship can seem like a long process, there are many benefits that come with having dual citizenship. Get in touch with Portugal Homes to discover the best way forward to becoming an EU citizen. Our After Sales Department will also guide you in every step of the application process, if required, and make sure your investment is well taken care of while you are away.

Considering applying to get Portuguese Citizenship? Get in touch with us 

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About Portugal Homes

PortugalHomes.com specializes in investments through Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden VisaNHR, Investment or simply a place in the sun. Our properties are selected with great thought in mind to give our clients the best opportunities. We offer the complete service from introducing them to the Legal RepresentativesCurrency ExchangeMortgage AdvisorsProperty ManagementRental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario. Portugal Homes provides the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.

To find out more, please contact us:
  • Phone: +351 213 471 603
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11th December 2019
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Comprar uma propriedade em Portugall

A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.

Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!

Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.

É fantástico como o Ryan tinha um conhecimento completo sobre Lisboa e nos tratou da melhor maneira.

Akbar Ali - Investidor do Paquistão

Ryan é muito profissional, mas também amigável e conhecedor do mercado Golden Visa. Também se mostrou flexível, pois, com um curto aviso prévio, viajou do Algarve para me se reunir comigo em Lisboa e substituir 1 colega.

Investir do Reino Unido

A Portugal Homes fez um excelente trabalho mantendo-me atualizado sobre o progresso da compra da minha nova casa, fornecendo relatórios regulares e abrangentes. Isto ajudou-me a aliviar a ansiedade sobre a compra de uma casa durante a pandemia.

Investidor dos EUA

Embora através do Zoom, estabelecemos uma grande confiança na integridade do George. [Foi] importante para nós ter confiança na capacidade do staff em se sentir alinhados em visões.

Donald Collie de Austrália

O processo foi bastante rápido e claro. Obtive toda a informação que precisava na primeira hora de conversa. A experiência foi perfeita.

Tomoko Inoue do Japão

Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!

John Mulroe and Wiebke Bock