Portugal, perched on the Iberian Peninsula in Europe, means “warm port” 1582. It abuts the vast Atlantic Ocean to the west and south, and borders Spain to the north and east. Besides the territory of the European continent, Portugal holds sovereignty over the Azores and Madeira in the Atlantic Ocean. Lisbon, the capital of Portugal, has the westernmost point of Europe – The Cape Roca. Portugal is a modern industrial and agricultural country with prominent metal refining, chemical, and oil industries, yet it is best known for as a world-leading producer of cork, made from cork oak. Portugal was an important cultural birthplace in the modern western history and became a global empire with Spain during the 16th century Portugal is a member of the EU, and as one of the world’s developed countries, it is also a founding member of the Eurozone.
Portugal’s Resident Permit for Investment Activities (ARI), also known as the Golden Residence Permit Programme (GRP), came into effect on October 8th ‘ 2012, and was revised again in June and September, 2015. The investment requirements allow for the purchase of real estate property in Portugal with a value equal to or above €500,000. There are no type or quantity restrictions on real estate properties; it can be zoned for residential, commercial, industrial, or agricultural use; the investment can be composed of one or more sets of real estate as long the total investment value is equal to or above €500,000.