Not every country necessarily has a facility for someone to be a 'permanent resident'. Rights and application may vary widely.
The European Union countries have a facility for someone to become a permanent resident, as EU legislation allows an EU national who moves to another EU country to attain permanent resident status after residing there for five years.
For Non-European nationalities the rules vary even wider. Permanent residency refers to a person's visa status: the person is allowed to reside indefinitely within a country of which he or she is not a citizen. A person with such status is known as a permanent resident.
For a passport to the European market (from for instance: Russia, India, China, Angola, Nigeria, Mongolia, Mozambique), Portugal has created rules based on assets:
the transfer of funds to a Portuguese Bank account or the Purchase of a Property in Portugal enables access to the ‘Golden Visa’.
A European passport to the European market and to European lifestyle requires the investment of half a million Euro.
Algarve24 Legal Department brings the Portuguese Passport / Golden Visa to those who require further advice and guidance.
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