{"id":37015,"date":"2021-06-22T14:00:57","date_gmt":"2021-06-22T10:00:57","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=37015"},"modified":"2021-06-22T14:15:40","modified_gmt":"2021-06-22T10:15:40","slug":"portugal-or-spain-which-golden-visa-program-should-you-pick","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/portugal-or-spain-which-golden-visa-program-should-you-pick\/","title":{"rendered":"Portugal or Spain: Which Golden Visa Program Should You Pick?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Both Portugal and Spain offer golden beaches, an enticing culinary scene, excellent year-round weather, beautiful architecture, rich culture and a safe and stable lifestyle in the heart of Europe. It is no wonder that so many High-Net-Worth individuals from the Middle East and beyond are seeking legal residence by investment through these nations&#8217; Golden Visa Programs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Portugal and Spain\u2019s residency by investment programs attract hundreds of investors each year for the many benefits and advantages that come with holding a residency permit in one of these two countries. Provided that all program requirements are met, non-European Union nationals can obtain permanent residency \u2013 or citizenship in the long run \u2013 and gain access to the European Union.<\/span><\/p>\n<h3><em><strong>In This Article:<\/strong><\/em><\/h3>\n<ol>\n<li><a href=\"#what-are\">What Are These Golden Visa Programs?<\/a><\/li>\n<li><a href=\"#visa-benefits\">Golden Visa Benefits<\/a><\/li>\n<li><a href=\"#app-time\">Application Time<\/a><\/li>\n<li><a href=\"#time-citizenship\">Time to Citizenship<\/a><\/li>\n<li><a href=\"#visa-requirements\">Golden Visa Requirements<\/a><\/li>\n<li><a href=\"#visa-rules\">Golden Visa Residence Rules<\/a><\/li>\n<li><a href=\"#eligible-family\">Eligible Family Members<\/a><\/li>\n<li><a href=\"#investment-options\">Golden Visa Investment Options<\/a><\/li>\n<li><a href=\"#tax-adv\">Tax Advantages<\/a><\/li>\n<li><a href=\"#book-free\">Book A Free Consultation<\/a><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">While both Portugal and Spain offer golden visas, the program requirements and conditions between the two differ. We take a closer look at the differences between the programs to give you a better idea of which golden visa program is better suited to your needs.<\/span><\/p>\n<h3 id=\"what-are\"><em><b>What Are These Golden Visa Programs?<\/b><\/em><\/h3>\n<h4><b>Portugal<\/b><\/h4>\n<p><a href=\"https:\/\/old.savoryandparnters.com\/programs\/residency-by-investment\/portugal\/about\/\"><span style=\"font-weight: 400;\">Portugal\u2019s Golden Visa Program<\/span><\/a><span style=\"font-weight: 400;\"> was launched in October 2012 as a legal process based on the law that invites foreign investors from non-EU countries to obtain fully valid residency permits in Portugal for themselves and their families in exchange for a qualifying investment into the country.\u00a0<\/span><\/p>\n<h4><b>Spain<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The Spanish government passed a law in 2013 to launch the country\u2019s residency by investment program \u2013 the <\/span><a href=\"https:\/\/old.savoryandparnters.com\/programs\/residency-by-investment\/spain\/about\/\"><span style=\"font-weight: 400;\">Spain Golden Visa Program<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 to encourage foreign investment and boost the state economy. <\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/old.savoryandparnters.com\/blog\/how-can-i-invest-in-turkish-citizenship-investment-options-benefits-of-a-second-passport\/\"><em>Related Article: How Can I Invest in Turkish Citizenship? \u2013 Investment Options &amp; Benefits of a Second Passport<\/em><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Like Portugal, non-EU nationals can obtain fully valid residency permits in Spain for themselves and their families in exchange for a qualifying investment into the country.<\/span><\/p>\n<div id=\"attachment_37356\" style=\"width: 1610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-37356\" class=\"size-full wp-image-37356\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-Residency-offers-the-perfect-geographical-location-for-effective-business-activities-across-Europe.jpg\" alt=\"Spain Golden Visa Program\" width=\"1600\" height=\"800\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-Residency-offers-the-perfect-geographical-location-for-effective-business-activities-across-Europe.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-Residency-offers-the-perfect-geographical-location-for-effective-business-activities-across-Europe-300x150.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-Residency-offers-the-perfect-geographical-location-for-effective-business-activities-across-Europe-1024x512.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-Residency-offers-the-perfect-geographical-location-for-effective-business-activities-across-Europe-768x384.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-Residency-offers-the-perfect-geographical-location-for-effective-business-activities-across-Europe-1536x768.jpg 1536w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-Residency-offers-the-perfect-geographical-location-for-effective-business-activities-across-Europe-1000x500.jpg 1000w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-Residency-offers-the-perfect-geographical-location-for-effective-business-activities-across-Europe-670x335.jpg 670w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><p id=\"caption-attachment-37356\" class=\"wp-caption-text\">Spain Residency offers the perfect geographical location for effective business activities across Europe.<\/p><\/div>\n<h3 id=\"visa-benefits\"><em><b>Golden Visa Benefits<\/b><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Both Portugal and Spain\u2019s golden visas offer similar fantastic benefits and advantages for non-EU residents:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Freedom of movement: <\/b><span style=\"font-weight: 400;\">As a permanent resident of Portugal or Spain, investors are also classified as a resident of the European Union. They will gain freedom of movement without restrictions in the Schengen Area.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Health &amp; Education:<\/b><span style=\"font-weight: 400;\"> Investors and their families can enjoy quality education in schools and universities and world-class healthcare in Portugal or Spain.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pathway to citizenship:<\/b><span style=\"font-weight: 400;\"> Both Golden Visa Programs offer an indirect path to citizenship if all residency requirements are met and maintained.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ease of travel: <\/b><span style=\"font-weight: 400;\">Once residents obtain citizenship in Portugal or Spain, they can then enjoy visa-free or visa-on-arrival travel to over 185 countries and territories, including the USA, Singapore and Hong Kong.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ultimate insurance:<\/b><span style=\"font-weight: 400;\"> Holding a golden visa in Spain or Portugal is a great Plan B to put your mind at ease in times of economic or political instability in your home country.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ease of Process: <\/b><span style=\"font-weight: 400;\">Easy, straightforward application and renewal process for both programs.<\/span><\/li>\n<\/ul>\n<h3 id=\"app-time\"><em><b>Application Time<\/b><\/em><\/h3>\n<h4><b>Portugal<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The processing time for Portugal\u2019s Golden Visa Program can take anywhere between 3 to 6 months to be approved.<\/span><\/p>\n<div id=\"attachment_37376\" style=\"width: 1610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-37376\" class=\"size-full wp-image-37376\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Lisbon-is-continental-Europes-westernmost-capital-city-and-its-importance-lies-in-finance-commerce-media-entertainment-arts-international-trade-education-and-tourism.jpg\" alt=\"Portugal Golden Visa Program\" width=\"1600\" height=\"800\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Lisbon-is-continental-Europes-westernmost-capital-city-and-its-importance-lies-in-finance-commerce-media-entertainment-arts-international-trade-education-and-tourism.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Lisbon-is-continental-Europes-westernmost-capital-city-and-its-importance-lies-in-finance-commerce-media-entertainment-arts-international-trade-education-and-tourism-300x150.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Lisbon-is-continental-Europes-westernmost-capital-city-and-its-importance-lies-in-finance-commerce-media-entertainment-arts-international-trade-education-and-tourism-1024x512.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Lisbon-is-continental-Europes-westernmost-capital-city-and-its-importance-lies-in-finance-commerce-media-entertainment-arts-international-trade-education-and-tourism-768x384.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Lisbon-is-continental-Europes-westernmost-capital-city-and-its-importance-lies-in-finance-commerce-media-entertainment-arts-international-trade-education-and-tourism-1536x768.jpg 1536w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Lisbon-is-continental-Europes-westernmost-capital-city-and-its-importance-lies-in-finance-commerce-media-entertainment-arts-international-trade-education-and-tourism-1000x500.jpg 1000w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Lisbon-is-continental-Europes-westernmost-capital-city-and-its-importance-lies-in-finance-commerce-media-entertainment-arts-international-trade-education-and-tourism-670x335.jpg 670w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><p id=\"caption-attachment-37376\" class=\"wp-caption-text\">Lisbon is continental Europe&#8217;s westernmost capital city, and its importance lies in finance, commerce, media, entertainment, arts, international trade, education and tourism.<\/p><\/div>\n<h4><b>Spain<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Spain\u2019s processing time for a golden visa is comparably faster than Portugal. The program is known to be fast and efficient. Once the paperwork is submitted, it usually takes as little as 20 business days for the visa to be approved.<\/span><\/p>\n<h3 id=\"time-citizenship\"><em><b>Time to Citizenship<\/b><\/em><\/h3>\n<h4><b>Portugal\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">After holding residency in Portugal for 5 years, individuals are then eligible to apply for citizenship without the need to live in Portugal.<\/span><\/p>\n<h4><b>Spain<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Non-EU nationals have the opportunity to become permanent residents after the first 5-year residency period on the condition that they physically reside in Spain for 183 days per year. You can only apply for Spanish citizenship after you have lived in the country for 10 years.<\/span><\/p>\n<div id=\"attachment_37382\" style=\"width: 1610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-37382\" class=\"wp-image-37382 size-full\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-also-allows-dual-residency-so-you-can-keep-your-existing-nationality-or-other-residencies.-However-Spain-does-not-allow-for-dual-citizenship-with-some-exceptions.jpg\" alt=\"Passport from Spain at Savory &amp; Partners office in Dubai.\" width=\"1600\" height=\"800\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-also-allows-dual-residency-so-you-can-keep-your-existing-nationality-or-other-residencies.-However-Spain-does-not-allow-for-dual-citizenship-with-some-exceptions.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-also-allows-dual-residency-so-you-can-keep-your-existing-nationality-or-other-residencies.-However-Spain-does-not-allow-for-dual-citizenship-with-some-exceptions-300x150.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-also-allows-dual-residency-so-you-can-keep-your-existing-nationality-or-other-residencies.-However-Spain-does-not-allow-for-dual-citizenship-with-some-exceptions-1024x512.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-also-allows-dual-residency-so-you-can-keep-your-existing-nationality-or-other-residencies.-However-Spain-does-not-allow-for-dual-citizenship-with-some-exceptions-768x384.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-also-allows-dual-residency-so-you-can-keep-your-existing-nationality-or-other-residencies.-However-Spain-does-not-allow-for-dual-citizenship-with-some-exceptions-1536x768.jpg 1536w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-also-allows-dual-residency-so-you-can-keep-your-existing-nationality-or-other-residencies.-However-Spain-does-not-allow-for-dual-citizenship-with-some-exceptions-1000x500.jpg 1000w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Spain-also-allows-dual-residency-so-you-can-keep-your-existing-nationality-or-other-residencies.-However-Spain-does-not-allow-for-dual-citizenship-with-some-exceptions-670x335.jpg 670w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><p id=\"caption-attachment-37382\" class=\"wp-caption-text\">Spain allows dual residency, so you can keep your existing nationality or other residencies. However, Spain does not allow for dual citizenship with some exceptions.<\/p><\/div>\n<h3 id=\"visa-requirements\"><em><b>Golden Visa Requirements<\/b><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">As with the benefits, both Portugal and Spain\u2019s Golden Visa Programs have similar requirements. Applicants must:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be over 18 years of age<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Possess a clean criminal record<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hold a valid medical insurance and health certificate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have enough funds to live in the country<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make a qualifying investment and maintain it for 5 years<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Successfully pass due diligence checks<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The only differences between the two are that <a href=\"https:\/\/old.savoryandparnters.com\/programs\/residency-by-investment\/portugal\/about\/\">Portugal\u2019s Golden Visa Program<\/a> only allows applicants who are not on the list of undesirables and have not been previously refused visas or entry in the Schengen Zone. In comparison, <a href=\"https:\/\/old.savoryandparnters.com\/programs\/residency-by-investment\/spain\/about\/\">Spain\u2019s Golden Visa Program<\/a> does not have these requirements.<\/span><\/p>\n<h3 id=\"visa-rules\"><em><b>Golden Visa Residence Rules<\/b><\/em><\/h3>\n<h4><b>Portugal<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">There is a minimum residency requirement of 7 days per year for 5 years to maintain your residency permit.<\/span><\/p>\n<h4><b>Spain\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The Spanish golden visa rules are more flexible than its counterpart. There is no residency rule to maintain the visa. You are only required to visit Spain once in the first year to provide your biometric data and then once each time the permit is renewed.\u00a0<\/span><\/p>\n<h3 id=\"eligible-family\"><em><b>Eligible Family Members<\/b><\/em><\/h3>\n<h4><b>Portugal<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Eligible family members include the spouse of the main applicant and children (biological or adopted) under 18 years of age. Parents and children older than 18 years old can be included in the application if they are dependent on the main applicant.<\/span><\/p>\n<h4><b>Spain<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Eligible family members include the spouse of the main applicant and children (biological or adopted) under 18 years of age.<\/span><\/p>\n<div id=\"attachment_37387\" style=\"width: 1610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-37387\" class=\"size-full wp-image-37387\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/When-compared-with-Spain-Portugal-allows-more-family-members-under-the-same-residency-application-making-it-an-ideal-option-for-families.jpg\" alt=\"When compared with Spain, Portugal allows more family members under the same residency application, making it an ideal option for families.\" width=\"1600\" height=\"800\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/When-compared-with-Spain-Portugal-allows-more-family-members-under-the-same-residency-application-making-it-an-ideal-option-for-families.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/When-compared-with-Spain-Portugal-allows-more-family-members-under-the-same-residency-application-making-it-an-ideal-option-for-families-300x150.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/When-compared-with-Spain-Portugal-allows-more-family-members-under-the-same-residency-application-making-it-an-ideal-option-for-families-1024x512.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/When-compared-with-Spain-Portugal-allows-more-family-members-under-the-same-residency-application-making-it-an-ideal-option-for-families-768x384.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/When-compared-with-Spain-Portugal-allows-more-family-members-under-the-same-residency-application-making-it-an-ideal-option-for-families-1536x768.jpg 1536w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/When-compared-with-Spain-Portugal-allows-more-family-members-under-the-same-residency-application-making-it-an-ideal-option-for-families-1000x500.jpg 1000w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/When-compared-with-Spain-Portugal-allows-more-family-members-under-the-same-residency-application-making-it-an-ideal-option-for-families-670x335.jpg 670w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><p id=\"caption-attachment-37387\" class=\"wp-caption-text\">When compared with Spain, Portugal allows more family members under the same residency application, making it an ideal option for families.<\/p><\/div>\n<h3 id=\"investment-options\"><em><b>Golden Visa Investment Options<\/b><\/em><\/h3>\n<h4><b>Portugal<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paying a Capital Transfer<\/span> <span style=\"font-weight: 400;\">of at least \u20ac1 million.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Generating 10 new jobs for a Portuguese business or single-member company (reduced to 8 positions if in a low-density area).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investing \u20ac500,000 in real estate. This is reduced to \u20ac400,000 if located in a low-density area.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investing \u20ac350,000 in a real estate rehabilitation project. This is reduced to \u20ac280,000 if located in a low-density area.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investing \u20ac350,000 into private equity funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invest at least \u20ac350,000 into an existing Portuguese business.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invest \u20ac250,000 into national heritage preservation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u20ac350,000 investment into research.<\/span><\/li>\n<\/ul>\n<h4><b>Spain<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real estate investment of at least \u20ac500,000. You can invest in more than one property.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Issue a bank deposit of at least \u20ac1 million.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invest \u20ac1 million in shares of Spanish businesses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contribute \u20ac2 million in government bonds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Start a business that generates employment, contributes to technological or scientific innovation, or has a strong socio-economic impact.<\/span><\/li>\n<\/ul>\n<h3 id=\"tax-adv\"><em><b>Tax Advantages<\/b><\/em><\/h3>\n<h4><b>Portugal<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Foreign investors who intend to live in Portugal can benefit from the Non-Habitual Resident Tax Regime, which allows tax-exemptions for golden visa holders for up to 10 years. Exemptions include income obtained from pensions, dependent and independent work, capital, real estate income, capital gains, and intellectual or industrial property.<\/span><\/p>\n<h4><b>Spain<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In Spain, foreign investors are taxed on their worldwide income if they live in Spain for over 183 days per year. Tax is charged at 24.75% on income derived in the country, like rental income.<\/span><\/p>\n<div id=\"attachment_37391\" style=\"width: 1610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-37391\" class=\"size-full wp-image-37391\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Portugal-provides-a-more-friendly-tax-environment-when-it-comes-to-taxes-allowing-investors-and-new-residents-to-be-more-strategic-with-their-tax-planning.jpg\" alt=\"Portugal provides a more friendly tax environment when it comes to taxes, allowing investors and new residents to be more strategic with their tax planning.\" width=\"1600\" height=\"800\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Portugal-provides-a-more-friendly-tax-environment-when-it-comes-to-taxes-allowing-investors-and-new-residents-to-be-more-strategic-with-their-tax-planning.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Portugal-provides-a-more-friendly-tax-environment-when-it-comes-to-taxes-allowing-investors-and-new-residents-to-be-more-strategic-with-their-tax-planning-300x150.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Portugal-provides-a-more-friendly-tax-environment-when-it-comes-to-taxes-allowing-investors-and-new-residents-to-be-more-strategic-with-their-tax-planning-1024x512.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Portugal-provides-a-more-friendly-tax-environment-when-it-comes-to-taxes-allowing-investors-and-new-residents-to-be-more-strategic-with-their-tax-planning-768x384.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Portugal-provides-a-more-friendly-tax-environment-when-it-comes-to-taxes-allowing-investors-and-new-residents-to-be-more-strategic-with-their-tax-planning-1536x768.jpg 1536w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Portugal-provides-a-more-friendly-tax-environment-when-it-comes-to-taxes-allowing-investors-and-new-residents-to-be-more-strategic-with-their-tax-planning-1000x500.jpg 1000w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/06\/Portugal-provides-a-more-friendly-tax-environment-when-it-comes-to-taxes-allowing-investors-and-new-residents-to-be-more-strategic-with-their-tax-planning-670x335.jpg 670w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><p id=\"caption-attachment-37391\" class=\"wp-caption-text\">Portugal provides a more friendly tax environment when it comes to taxes, allowing investors and new residents to be more strategic with their tax planning.<\/p><\/div>\n<h3 id=\"book-free\"><em><b>Book A Free Consultation<\/b><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">When applying to <\/span><a href=\"https:\/\/old.savoryandparnters.com\/programs\/\"><span style=\"font-weight: 400;\">any Citizenship or Residency by Investment program<\/span><\/a><span style=\"font-weight: 400;\">, please be sure to render the services of a government authorized agent and advisor like <\/span><a href=\"https:\/\/old.savoryandparnters.com\/about-us\/\"><span style=\"font-weight: 400;\">Savory &amp; Partners<\/span><\/a><span style=\"font-weight: 400;\">. The internet is rife with fraudulent companies offering scams that promise citizenship or residency within an implausible timeframe and at an impossibly low price. If it\u2019s too good to be true, then it probably is.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/old.savoryandparnters.com\/blog\/citizenship-residency-by-investment-which-is-best\/\"><em>You Might Also Like: Citizenship by Investment Or Residency by Investment &#8211; Which is Best for You and Your Family?<\/em><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Savory &amp; Partners is a <\/span><a href=\"https:\/\/old.savoryandparnters.com\/services\/\"><span style=\"font-weight: 400;\">government-approved agency<\/span><\/a><span style=\"font-weight: 400;\"> that specializes in High-Net-Worth individuals applying to any Citizenship or Residency by Investment program. We are a British Authorised Agent with decades of experience who has helped over 1200 families obtain second citizenship and have a 100% success rate in the industry.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you would like to apply to Portugal or Spain Golden Visa Program or want to learn more about the other European residency through investment programs on offer, then contact us today for a <\/span><a href=\"https:\/\/old.savoryandparnters.com\/contact\/\"><span style=\"font-weight: 400;\">free online consultation<\/span><\/a><span style=\"font-weight: 400;\"> and one of our agents will happily aid you in your enquiry. All of our team members have at least 5 years of experience in Citizenship and Residency by Investment Programs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\"><span id=\"hs-cta-wrapper-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-node hs-cta-3980b7cd-7f65-4936-add2-8f19e5386912\"><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/4600110\/3980b7cd-7f65-4936-add2-8f19e5386912\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" id=\"hs-cta-img-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-img\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/4600110\/3980b7cd-7f65-4936-add2-8f19e5386912.png\" alt=\"Apply Today\" width=\"300\" height=\"75\" \/><\/a><\/span><script src=\"https:\/\/js.hscta.net\/cta\/current.js\" charset=\"utf-8\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(4600110, '3980b7cd-7f65-4936-add2-8f19e5386912', {}); <\/script><\/span><\/span><\/p>\n<h3><em><b>Our Availability<\/b><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">We are available on every channel convenient for you.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Landline:<\/b><span style=\"font-weight: 400;\">\u00a0+971 (0) 4 430 1717<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mobile Phone:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"about:blank\"><span style=\"font-weight: 400;\">+971 54 440 2955<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>WhatsApp:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"https:\/\/wa.me\/971544402955\"><span style=\"font-weight: 400;\">+971 54 440 2955<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>E-mail:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"mailto:contact@savoryandpartners.com\"><span style=\"font-weight: 400;\">contact@savoryandpartners.com<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Signal:<\/b><span style=\"font-weight: 400;\">\u00a0+971 54 440 2955<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Telegram:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"https:\/\/t.me\/savoryandpartners\"><span style=\"font-weight: 400;\">+971 54 440 2955<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Both Portugal and Spain offer golden beaches, an enticing culinary scene, excellent year-round weather, beautiful architecture, rich culture and a safe and stable lifestyle in the heart of Europe. It&#8230;<\/p>\n","protected":false},"author":22,"featured_media":37349,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4777],"tags":[],"class_list":{"0":"post-37015","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blog"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v23.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portugal vs Spain: Which Golden Visa Program Should You Pick? | S&amp;P<\/title>\n<meta name=\"description\" content=\"Savory &amp; Partners compares the Portugal vs Spain Golden Visa Programs to help guide you make the most suitable decision for you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/old.savoryandparnters.com\/blog\/portugal-or-spain-which-golden-visa-program-should-you-pick\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portugal vs Spain: Which Golden Visa Program Should You Pick? 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