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Portugal Golden Visa - Tax Planning & Children Education Preparation


Case: 

Client’s application on Quebec Investor Immigration Program was rejected after about 3 years of waiting time. Client preferred to join an immigration program that has short waiting period. And she would like to let her children attend schools in overseas.


Brief Facts: 

Quebec Investor Immigration Program (QIIP) is one of the easiest immigration program in Canada, yet its’ requirement & application time frame is rather tough comparing to other investor programs in Europe. The Portugal Golden Visa processing time is at about 17 months. To obtain and maintain the visa status, the only requirement is to make a time deposit of 1 Million Euro. The fund can be withdrawn at any time after obtaining status.

 

Our Approach: 

Because clients’ initial immigrating reason is to provide better education to her children, we recommended her to resubmit her QIIP application on one hand, and apply for the Portugal Golden Visa at the same time. Her children may begin the life of studying abroad and improve his language skills, then continue his education when the Canada Visa is ready.

 

Result: 

Client obtained Canadian status on the year her children graduated from primary school. Within 2 years, her children were speaking in fluent English and Portuguese. Client also appreciates GLOBEVISA for suggested the Portugal Golden Visa, as she has successfully allocated some of her assets in Portugal, saved her hustle on tax planning.

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