The best place in EU for a second residency for foreigners is Portugal.
The best and most comfortable place in EU for a second residency for foreigners is Portugal. Portugal is the most efficient and lowest cost residency program currently in the EU. Furthermore, Portugal is also the best second passport option when it comes to investment in the European Union. Here’s why you’ll want a second residency from Portugal and how to get one.
Portugal is the best place in EU to have a second residency because it permits you to either live and/or work in the European Union. It also supports you citizenship and a top-tier passport in 6 years. This makes Portugal the best, and also the cheapest option available. A passport from Portugal is top tier second passport because it gets you visa-free access to numerous countries than lesser passports. Portuguese citizens have visa on arrival access or visa-free to 171 countries and territories, ranking the Portuguese passport 6th regarding travel freedom.
When it comes to getting residency in Portugal, there are two options. You can choose to use the EU Blue Card or Golden Residence Program. The good thing is that you can get your residency sorted out within 90 days through both routes. Because Portugal doesn’t have any strict requirement like other European countries do, you can invest in any property you wish. Commercial, Rental, industrial or residential properties all qualifies for the golden visa program.
Lastly, to keep up your residency, all you need to do is spend a few months a year in Portugal. Also, the rest of your time can be spent out of Portugal or in any other European Union country. Remember that, as a full member state, residency in Portugal allows you to travel anywhere in the European Union. I hope you’ve found this article on the best place to have a second residency in EU to be helpful.
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