One of the major benefits of the Golden Visa Portugal is the one of the best educational systems in Europe. Since the year 2000, the OECD or Organization for Economic Cooperation and Development and the PISA or Program for International Student Assessment has reported that Portugal is the only country that has been consistently improving its student assessment scores in mathematics, science and literacy and has called Portugal the “rising star of international education.”
Reforms of the Portuguese education system
This is because since 1970, when the dictatorship in Portugal ended, the government has been steadily increasing the budget for education to be able to continually institute radical educational reforms particularly investing heavily in more public schools and in the people who are part of the educational community – the mothers, children from 0 to 6 years old, and the teachers at all levels.
The foundation for these reforms is the change in the socioeconomic and cultural status of its citizens, particularly in under-served communities, and the decentralization and autonomy of the school system from the national government to the different municipalities to allow them to develop a school curriculum which is suited to their constituents needs.
The democratization of education was also a great factor in Portugal’s educational reforms. Education became available to all citizens. Today, that translates to parents, particularly mothers who are educated and therefore want the same for their children. At the same time, the government increased the number of day care centers and pre-schools and increased the benefits of both parents, including fathers, in terms of caring for their children during their infancy and early childhood.
Teacher training is also a big factor in the great improvement of the Portugal educational system. Whether it is to teach pre-school, primary or secondary levels, a teacher must have a Master’s Degree.
Lastly, there is a major effort by the Portuguese government to decrease then number of dropouts from the pre-school to tertiary levels.
All these reforms and budget increases have translated to Portugal’s higher education system being ranked the 35th best in the world in the first edition of the QS Higher Education System Strength Rankings.
The Golden Visa Portugal
The Golden Visa Portugal program is one of the most popular programs in Europe. The benefits to the holder are:
- A minimum investment of €350,000
- Travel visa-free to 186 countries
- Includes family members
- Renewable every two years with no residency requirements
- Citizenship is possible in 5 years
Investment in Real Estate
The Portuguese government would like to transfer the focus of real estate investments from the high-density areas like Lisbon, Porto, the Algarve, and the high-density coastal towns like Setubal and the Silver Coast to low-density areas like the Azores, Madeira and the cities and towns in the interior of Portugal.
- €280,000 for existing properties requiring renovation in low density areas
- €350,000 for existing properties located in urban re-generation areas
- €500,00 for all other properties in Portugal
- A capital transfer of at least €1.5 million.
- A €500,000 investment into private equity or venture capital funds providing capital to specified companies
- A €500,000 investment in companies that are scientific or technological in nature
- A €500,000 business investment in the form of either the purchase of shares in a Portuguese company or setting up a company
- Generate at least five permanent jobs for at least three years for Portuguese citizens.
If you are interested, please contact any of our consultants at Orience International. We are always available to answer any questions you may have.