4 Factors Behind The Rising Portuguese Passport’s Rank
The Portuguese passport is one of the most powerful passports in the world, ranking among the top ten on the Global Passport Index.
As of 2023, the Portuguese passport provides visa-free or visa-on-arrival access to 190 destinations around the globe. This puts Portugal in 4th place out of 199 passports evaluated on the index.
The Global Passport Index ranks passports based on the number of destinations their holders can access without a prior visa. More visa-free countries mean greater mobility, opportunities, and convenience for travelers. The Portuguese passport offers all that in abundance.
This article explore the Portuguese passport’s rising rank over the past decade and the benefits of acquiring a Portuguese passport.
A Decade of Rising Ranks For Portugal Passport
Portugal’s passport power has been steadily rising over the past decade.
In 2014, the Portuguese passport secured 6th place on the index, with visa-free access to 171 countries. By 2020, it moved to 4th place as the number of accessible destinations grew to 191. The Portugal passport rank reflects its strength and global mobility.
Today, the Portuguese passport grants visa-free entry to all European Union nations and countries like Singapore, Brazil, South Africa, UAE, and Canada. It also provides easy access to popular tourist destinations such as Australia, New Zealand, Japan, and the United States.
Compared to back in 2014, Portuguese citizens now enjoy visa-free entry to 20 additional countries, cementing Portugal’s status as one of the world’s top ten most powerful passports.
The Factors Behind Portugal’s Powerful Passport
There are several key reasons why Portugal has managed to rank 4th on the global passport index:
1. A Strong EU Passport
As a member of the European Union, the Portuguese passport derives significant strength and mobility due to the Schengen Area. This free movement zone encompasses 26 European countries that have abolished border controls between them. As a Portuguese citizen, you can settle, work, and travel freely within any Schengen member state.
In addition, thanks to EU agreements, Portuguese passport holders can easily acquire long-term residency rights in non-EU European nations like Switzerland and Norway. You also benefit from simplified short-stay Schengen visa procedures when traveling to nearby countries like Turkey.
The EU connection significantly boosts the global mobility offered by Portuguese citizenship. It’s a key reason why Portugal consistently ranks so highly in passport power, outperforming even rich nations like the USA and the UK.
2. Fast Track To Portugal Citizenship
Unlike many other top passports, acquiring Portuguese citizenship can be fast and straightforward. That’s thanks to Portugal’s Golden Visa program, which grants EU residency and a path to a Portuguese passport through property investment.
By purchasing real estate worth EUR 500,000, you and your family can secure immediate permanent residency rights in Portugal. After maintaining the investment and spending some time in Portugal for five years, you can apply for full Portuguese citizenship.
The entire process, from investment to passport, can be as quick as 5-6 years. That’s faster than comparable residence/citizenship programs elsewhere in Europe. It means you can obtain one of the world’s best passports in a reasonable timeframe by leveraging Portugal’s investment scheme.
3. Lower Residency Requirements
A key advantage of the Portugal Golden Visa program is its lower residency requirements. Many top-tier citizenship programs oblige investors to spend considerable time in the country before qualifying for naturalization.
In contrast, Portugal only requires investors to visit for one week during the first year of residency and two weeks every subsequent two years. The total mandatory stay over five years is a mere 35 days. It’s possible to obtain Portuguese citizenship while living almost entirely abroad.
The limited residency requirements allow people with businesses, jobs, or family elsewhere to still obtain a prestigious Portuguese passport. You get all the perks of EU citizenship without needing to relocate full-time to Portugal if you don’t want to. It’s a flexibility unique to Portugal’s investment immigration program.
4. Portugal’s Appeal Beyond Passport Power
Aside from visa-free travel and residency benefits, Portugal offers much more to attract tourists. As one of Western Europe’s most affordable nations, Portugal boasts a very high quality of life paired with lower living costs and real estate prices than Spain, France, or Italy.
Portugal is also renowned for its warm climate, almost 3,000 hours of sunshine annually, and over 800 kilometers of gorgeous Atlantic coastline dotted with beaches. It consistently ranks among the world’s top retirement destinations for its climate, lifestyle, infrastructure, and healthcare system.
For investors and second-passport seekers, Portugal provides outstanding value whether you’re looking to establish a second home, generate rental yields from a touristy beach town, or retire abroad in an idyllic setting. Obtaining one of the planet’s most powerful passports is the icing on the cake.
Final Thought
The Portuguese passport and residency program holds tremendous appeal for entrepreneurs and location-independent digital nomads hoping to unlock more freedom of mobility. A Portuguese passport facilitates everything from accessing business opportunities abroad, establishing operational bases overseas, and educating your children internationally.
Furthermore, you don’t need to break the bank for such global access either. Portugal’s real estate investment threshold for residency is among the lowest in Europe. Meeting the minimum property purchase requirement is within reach for more individuals and families than pricier programs elsewhere.
The rapid pathway to Portuguese citizenship unlocks visa-free travel to over 191 destinations worldwide. It’s an unbeatable springboard for living a more nomadic lifestyle or accessing destinations you always aspired to visit.