Portugal is a member of the European Union and offers a stable political and social environment. Above-average economic growth in the Eurozone and fluent English-speaking workers make Portugal an attractive destination for businesses, from start-ups to global technology giants. A high-quality education system and enviable quality of life are attracting increasingly more families to settle in Portugal. Portugal is pursuing policies of a low effective tax burden, tax-free remittance of money abroad and no inheritance or wealth taxation. Property buyers who choose to reside in Portugal can apply for Portuguese residency or nationality and obtain a European Union passport.