How Can Americans Travel And Work In Europe?

How Can Americans Travel And Work In Europe?

One of the most popular and straightforward methods for obtaining the right to live, work and study in the EU is Portugal’s Golden Visa scheme. Also known as the residence permit for investment activity (ARI), this visa offers residency rights to people who invest 280,000 euros in real estate. This is one in all very cheap investment thresholds in Europe,. Within five to six years on this visa, you can become a Portuguese citizen, with the right to travel to 188 countries, and in the meantime, with your Golden Visa, you can travel across the Schengen area without the need for any other visa. This is a brilliant opportunity for non-EU citizens with the financial means who want to travel and work in Europe. The other benefits, as well as requirements for applying for this visa, will be addressed below.

Residency and Citizenship In The EU

The Golden Visa scheme allows you to reside legally in Portugal, which gives the holder the right to live, study and work in Portugal, and across the EU, without a work permit. You can become a permanent resident or citizen after only five years on this visa, and you can then gain all of the benefits of being an EU citizen, including the political right to vote. Portugal is a very attractive destination for potential international investors who want to live and travel abroad. It is a safe and affordable country, with a high quality of life and great health and education systems. Moreover, the climate is warm, the coastlines are beautiful and the food is delicious.

Invest In Real Estate 

The Portugal Golden Visa is an ideal opportunity for high net worth individuals who wish to become residents of Portugal easily by investing in specific real estate projects. Investors with the Portugal Golden Visa are only required to stay in Portugal a minimum of seven days per year, meaning they have a lot of opportunities to travel, visit a second home, return to see family in the US, and generally not feel tied down to their investment or trapped by their visa. This makes it a very flexible and freeing experience. The initial investment period lasts for at least five years or until the time the investor can get the Permanent Residence card. As the main applicant, you are responsible for maintaining your investment of at least 280,000 while you and your dependents hold the Golden Visa residency status. Then, after five years, once you become permanent residents or citizens, you can choose to liquidate the investment. 

Requirements For The Golden Visa Program

You will need a valid passport, or another government-issued travel document and proof that the qualifying investment was made by the main applicant individually. Moreover, you require a declaration from a Portuguese financial institution confirming the transfer of funds, a criminal record check from your current country of residence, proof of healthcare coverage, a declaration that you will comply with the visa investment requirements, and all documents translated into Portuguese.

Your 280,000 euro investment has to be made from a Portuguese bank account, and you will require a NIF number, which is a tax identification number in Portugal. Opening a bank account and obtaining your NIF number are relatively straightforward tasks. You are not required to have any management experience, or language or education credentials to sign up for the Portugal Golden Visa scheme.

Benefits of The Golden Visa Program

Clearly one of the major benefits of the Portugal Golden Visa scheme is the residency and eventual citizenship status it provides. This comes with the right to live, do business, and study in Portugal. Americans who wish to work and travel abroad can access most of continental Europe with this visa, and travel freely within the Schengen zone without additional visas.

On top of the work and travel opportunities, Portugal doesn’t charge tax on worldwide income for people who are not yet residents. So, if you are spending less than 183 days a year in Portugal on your Golden Visa, you won’t pay taxes on your worldwide income, that is income generated in other countries. While you are in Portugal, you will also have the opportunity to expand your horizons by learning a new language, taking up surfing, exploring Europe, and trying the local cuisine, such as the delicious pastel de nata custard tarts so loved by the Portuguese.

Moving Your Possessions To Europe

International moves are generally handled by ocean freight shipping, as this is a cost-efficient transit method. Try to cut down on your possessions before moving, as this will save you on transit costs, and effort. Think of your move as a new slate and only bring the essentials and most loved items you own with you. This is a good opportunity to donate clothes to charity shops and clean out your garage! If you are planning on shipping your car overseas, remember not to fill it with gas before the journey as this makes it heavier, thus increasing the cost of transport and risks of damage. It can take a week or two for your car to be shipped, so consider this when making your moving plans.

Invest In Your EU Citizenship

Americans with the economic means who are looking to live, work, and travel overseas should strongly consider the Portugal Golden Visa scheme. With an investment of 280,000 euros, that after five years of maintenance can be liquidated, you can begin your European adventure and reside legally in the EU. Portugal is an ideal location to live, invest, and work, as the cost of living is reasonable, the climate is sublime, and the country boasts incredible cuisine, beautiful beaches, and good public services, like health care. The Portugal Golden Visa scheme allows non-EU citizens to apply for permanent residency or EU citizenship after five years on the visa. Being an EU citizen provides many rights and benefits, including the right to vote and access to high-quality education. In addition, EU citizens can travel freely across 188 countries visa-free and work in any other EU country without a work permit. As you are only required to stay in Portugal for seven days of the year, the travel opportunities are endless.

Invest in real estate and in your European future with the Golden Visa scheme. Good luck in your new chapter of life!

 

 

Here are the Reasons Why You Should Travel by Train,

Here are the Reasons Why You Should Travel by Train

When it comes to travel, there are a lot of options available to you. You can fly, drive, or take the bus. But one of the best and most underrated ways to travel is by train. The train offers you a free way of seeing the country and enjoying scenic views of landscapes and cityscapes. Here are some reasons why you should start traveling by train when an opportunity presents itself. So, read on to learn more.

1. It is Cheaper than Flying or Driving

Trains are a very affordable way to travel. In most cases, they are cheaper than flying or driving. This makes them a great option for budget-minded travelers. There are several reasons why trains are more affordable than other forms of transportation. First, affordable tickets usually include a seat and all your baggage. Second, you don’t have to pay for gas or parking. Third, you can bring food and drinks on the train, which can save you money compared to eating out at restaurants along the way. Finally, trains often run on schedule, which means you won’t have to worry about paying for last-minute airline tickets or hotel rooms.

2. Trains are Comfortable

Have you ever tried to sleep on an airplane? It is difficult, especially if you want to lie down. There just isn’t enough space. And even if the flight is long, you are still cramped up in the seat. Airplane seats are designed for short trips, not overnight flights or long journeys. Trains have much more space. They have sleeping compartments so you can get a good night’s sleep. And most trains also offer reclining chairs or couches with footrests to make things even more comfortable. Imagine being able to lie down and rest on a long journey. It is possible on a train!

3. Traveling by Train is Beautiful

There’s a reason why so many movies and television shows feature trains as a symbol of travel: riding the train is beautiful! You get to see all of the countries you are traveling through, whether it’s rolling hills, towering skyscrapers, or lush forests. And you get a close-up view of all the scenery, so you can take pictures and videos to remember your trip for a long time. This isn’t possible when flying or driving because you are cocooned in your seat or car.

4. Traveling by Train is Flexible

Have you ever planned a vacation and had to change most of the reservations? This can be very expensive! But when traveling by train, this doesn’t have to be a problem. In most cases, train tickets can be changed for free. This means if you want to change your departure date, time, or destination, you don’t have to worry about paying extra fees or having to buy another ticket. Also, when it comes to flexibility, rail transport usually offers multiple connections to numerous destinations, so you can choose the best option, optimal to your needs. This is especially true for Europe since the European rail system is so widespread and interconnected.

5. Traveling by Train is Eco-Friendly

When you think of traveling, you probably don’t consider how it affects the environment. But the truth is that every time someone takes a plane or a car, they are putting more carbon into the air and contributing to environmental problems like global warming. Planes are one of the main pollutants. This is because they have high fuel consumption and low efficiency. Cars don’t pollute as much, but they are still a source of greenhouse gasses such as nitrous oxide and carbon dioxide. When traveling by train, however, you avoid this problem because you are using cleaner energy to power your trip. So when you travel by train, you do your part to improve the environment. In addition, because trains are relatively energy efficient, the sector is less subject to rises in fuel prices, making railway rates more stable in an unsteady economy.

6. You Can Bring More Baggage

If you’re going on a long journey or an international trip, you may need to pack a lot of baggage. When traveling by plane, the allowance for luggage is usually one bag per passenger. If you bring more, you have to pay extra. On the other hand, most trains allow their passengers to carry more baggage than they can on a plane. This is because each passenger is allowed two pieces of luggage (such as a suitcase and an over-the-shoulder bag). Another advantage is that there are racks for hanging up coats and smaller bags. This means you can leave your larger bags under the seats instead of in the cramped overhead compartments.

7. You Can Eat and Drink

When traveling by train, you don’t have to go hungry or thirsty! One nice thing about taking a train is that there are usually food service cars with snack carts serving drinks and snacks. For many people, this is the best part of taking a train! So when you’re hungry or thirsty, just head to the food cart. You might have to pay for your meal or drink, but it’s much cheaper than in an airport. In some countries, you can even find dining cars. This means there are tables where you can eat your meal with other passengers. If you don’t want to share a table, that’s fine. You can just go there to buy your food or drink. It’s nice because it feels more like having dinner at home than in an airport restaurant, which is usually crowded and noisy.

Traveling by train is a great option for those looking for a cheaper, more comfortable, and eco-friendly way to get from point A to point B. Not only can you bring more baggage than on a plane, but you can also eat and drink while on your journey. Plus, the views are beautiful! So if you’re looking to travel in Europe or another continent where trains are readily available, we recommend traveling by rail! Hopefully, the next time you go somewhere, you’ll choose to travel by train.

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