13Oct2024

Why Portugal Attracts the Wealthy ☀️

Disclaimer: The views and opinions expressed in the vapa Swiss independent wealth management blog posts featured on this page are solely my own and do not necessarily represent the views of any institutions or organisations I may be associated with. These posts are intended to share personal insights and perspectives and should not be interpreted as official statements or positions of any affiliated entities.

During my short stay in Lisbon, I noticed quite a bit of wealth. 🌍Here’s why this sunny paradise is drawing the elite:

High Quality of Life

Portugal has stunning landscapes, rich culture, and top-notch private healthcare. Portugal offers an exceptional lifestyle at a lower cost. Enjoy exquisite gastronomy and wines and a welcoming and vibrant community. Lisbon and Porto have become very cosmopolitan cities in recent years as they are trendy for their historical charm, cultural landmarks, and modern amenities. 🌅🏥 the Algarve for its sun-drenched white sand beaches and renowned Golf courses.

Visa Programme

Invest in Portugal and gain residency, allowing you to live, work, and travel freely in the Schengen Area. It’s a ticket to European living, perfect for those looking to establish a European base. 🏡 Although the path to Portuguese citizenship through property investment ended in October 2023, the Golden Visa programme remains open and in full flow.

Investment Opportunities

The real estate market is booming, and the tech, renewable energy and tourism sectors are thriving. Portugal’s diverse and growing economy provides HNWIs/UHNWIs with multiple avenues to expand their portfolios. 📈🏢

Safety and Stability

Enjoy peace of mind with low crime rates and political stability. Perfect for families and businesses alike. Portugal ranks high in global safety indexes, making it a secure place to live and invest. 🛡️

Networking and Community

Portugal has a growing international community of successful entrepreneurs and investors. Networking events, conferences, and private clubs offer endless opportunities to connect with like-minded individuals. 🤝

Portugal’s strategic location and excellent travel connections to Europe and beyond make it an ideal hub for international business. The country boasts several international airports with numerous direct flights to major cities in Europe, Brazil, North America, and many other destinations. This ease of travel is a significant advantage for HNWIs/UHNWIs who frequently move for business or leisure.

Source: Linkedin

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