Residence Permit Abroad

Residence permit of Portugal 2019 Acquaintance with the EU

By issuing a residence permit and citizenship of Portugal, a foreign investor becomes a resident and a citizen of the EU, respectively. The European Union is a unique political and economic bloc consisting of 28 democratic States United by the common ideas of peace, democracy, and respect for human rights. The member States of the European Union had divided their powers among European institutions, and many decisions were now taken at the pan-European level rather than in individual countries.

The EU motto is “Unity in diversity”. Presented on its flag 12 stars are a symbol of the idea of unity, perfection, and integrity. The European Union is an example of peace, stability, and prosperity in Europe. The EU is one of the main partners of other Western bloc countries such as Canada, Japan, Australia and the United States of America not only in the framework of political and economic relations but also in the issues of energy security, climate change and the development of relations between different Nations.

The European Union is a leader in world trade. About 500 million consumers are concentrated in the European market, and local businessmen have access to a preferential economic regime for the movement of goods, services, and money on its territory. The EU generates a quarter of the world’s economy. That means the EU produces 25 percent of the world’s GDP.

The Euro is the second most important international currency after the US dollar. It is used for more than 1/3 of all financial transactions and is used as a single currency in 19 of the 28 EU member States

The European Union strictly observes the statutory goals in the field of climate and alternative energy development. The European Union provides valuable protection benefits and not only to citizens of all 28 EU member States-including those who invest their money in a Portuguese residence permit and apply for Portuguese citizenship.

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