PORTUGALGOLDEN VISA
MIN INVESTMENT
€200,000
PROCESSING TIME
6 MONTHS
PERMIT TYPE
TEMPORARY
FAMILY
SPOUSE, CHILDREN, PARENTS
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SUMMARY
The Portugal Golden Visa is a residence by investment program that provides approved applicants with a fragmented 5-year temporary resident permit. After those 5 years, you can become eligible for permanent residence. You can also apply directly for Portuguese citizenship after 5 years. If you don’t take permanent residence before applying for citizenship, you will need to renew your application for the golden visa. Portuguese citizenship is an EU citizenship and allows its nationals to live wherever they want in the European Union. The Portugal Passport also provides visa-free travel to important destinations like the UK and the USA.
The Portugal Golden Visa offers a few different investment options, the most popular being Real Estate. The real state estate option starts at 280,000 Euros. The investment has to be held for at least 5 years. Financing is allowed for any amount above the minimum threshold.
The main benefits of the Portugal Golden Residency program are that you are only required to spend a minimum of a week a year under the condition of the permit. You can also qualify for permanent residence and citizenship by spending only a week a year in the country. Taxation is also advantageous as the non-domiciled taxation shields foreigners from taxation on their foreign income.
POPULATION
10m
CAPITAL
Lisbon
CURRENCY
Euro
LANGUAGE
Portuguese
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- TYPE: RESIDENCY
- VISA-FREE: EU, US
- PROCESS: 2 MONTHS
INVESTMENT
Portugal’s Golden Visa offers investors numerous investment options. In each case, the investment must be held for at least 5 years. It’s often suggested to keep the investment until the naturalization process is finished. Sparsely populated areas consist of less than 100 hab. per sqkm, or with GDP per capita is below the national average by 75%. You can make an investment either as a private individual or under a company.
- Artistic – starts at 200,000 EUR
- Research – starts at 400,000 EUR
- Real estate – starts at 280,000 EUR
- Capital – starts at 500,000 EUR
- Job creation – create at least 10 jobs
- Fees Main Applicant: 533.90 EUR (Application) + 5336,40 EUR (Permit)
- Fees Spouse: 5336,40 EUR (Permit)
Fees Child and Parent: 5336,40 EUR (Permit) or 2668,20 EUR (Permit – U18)
PORTUGAL GOLDEN VISA INVESTMENT OPTIONS
REAL ESTATE
You can make an investment of at least 500,000 Euros in a real estate property. This can be reduced by 20% (400,000 Euros) if made in sparsely populated areas.
Applicant can also purchase real estate designated for refurbishment/buildings upgrade at a price of at least 350,000 Euros. This can be reduced by 20% (280,000 Euros) if made in sparsely populated areas.
Since 2022, investors cannot purchase residential real estate under the program in Lisbon, Porto and the Algarve. They can still buy commercial real estate anywhere in the country.
The investor is allowed to:
- Purchasing the real estate in co-ownership, if the applicant puts down the minimum amount required
- Take a mortgage on the property if the applicant puts down the minimum amount required
- Lease the real estate to a third party and make revenue
CAPITAL
(In 2022, the minimum investment was raised to 1.5m Euros)
You can make an investment of at least 1.5m EUR in Portuguese public debt instruments, securities, or share capital of a Portuguese company.
You can also choose a capital transfer of at least 500,000 Euros for purchasing shares in investment funds or in venture capital.
ARTISTIC
You can make an investment of at least 250,000 Euros in supporting the arts. This can be reduced by 20% (200,000 Euros) if made in sparsely populated areas.
ENTERPRISE
(In 2022, the minimum investment was raised to 500,000 Euros)
You can make an investment of at least 500,000 Euros in a new commercial enterprise headquartered in Portugal. You will need to create 5 jobs. You can also invest in the share capital of an existing company headquarter in Portugal and create or maintain at least 5 jobs for a minimum period of 3 years.
RESEARCH
(In 2022, the minimum investment was raised to 500,000 Euros)
You can make an investment of at least 500,000 Euros in research activities conducted by a scientific research institution. This can be reduced by 20% (280,000 Euros) if made in sparsely populated areas.
JOB CREATION
You can make an investment creating at least 10 jobs in Portugal. This can be reduced to 8 jobs in sparsely populated areas.
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PROCESS
Application Processing Time: 6 months
Stage 1 - Month 1
Before applying you will need to select your investment option. Once this is done, you will need to open a bank account in Portugal and transfer the funds. Once you have all your documents you can send your applications with part of the fees to the Serviço de Fronteiras e Estrangeiros (SEF).
Stage 2 - Month 3
After the request is approved by the SEF, you will have to appear in person for an interview in any district of your choice. You will be asked to give your biometrics, finalize your investment and produce documents proving the transaction.
Stage 3 - Month 6
After you the SEF gives you your final approval, you will receive your residency card valid for two years after 10 to 20 days.
CONDITIONS
- Financial Requirements:
You must get a declaration from the Portuguese Tax Authorities and by the Portuguese Social Security showing the absence of debts or the absence of previous registration. - Criminal Record:
Extract from the criminal record of the country of residence where the applicant has lived over one year. - Health Insurance Coverage:
Documentary Evidence of adequate health Insurance by covered by the National Health Service or a private Health Insurance Plan for the duration of the stay
FAMILY
- Parent Dependent
First-degree relatives in the direct ascending line of the resident or his/her spouse provided that they are dependent on them - Child Dependent
Children who are of full age, unmarried and dependent of the couple or of one of the spouses, and study in an education establishment, regardless of the Country in which that establishment is located; ALSO Minor siblings provided they are under the tutelage of the resident, in accordance with a decision made by the relevant authority of the country of origin, and provided that such decision is recognized by Portugal.
INITIAL PERMIT
The initial resident permit is valid for 1 year and can be renewed indefinitely every 2 years as long as the investment is maintained. This is on condition that the applicant has stayed in Portugal for a period of 7 or more days in the first year and 14 or more days in the subsequent 2 years. After 5 years, you can apply for permanent residence or citizenship.
PERMANENT RESIDENCE
- Residence Requirements:
5 years of legal residence. - Language Requirements:
Evidence of basic command of the Portuguese language. - Financial Requirements:
Sufficient means. Document proving the applicant’s tax situation. Proof that the applicant is registered with Social Security. - Criminal Record:
Permission for checking criminal records in the five years immediately preceding the application, applicants may not have been the object of a sentence that exceeds one year of imprisonment, even if, in case of sentencing for a felonious crime set out in this legal framework, for the crime of terrorism, for highly violent or highly organized crime, the enforcement of the sentence has been suspended. - Other conditions:
Evidence that the applicant has adequate accommodation
CITIZENSHIP
- Residence Requirements:
5 years of legal residence. - Language Requirements:
Evidence of basic command of the Portuguese language. - Financial Requirements:
Sufficient means. Document proving the applicant’s tax situation. Proof that the applicant is registered with Social Security. - Criminal Record:
have not been convicted for committing a crime punishable with a maximum prison sentence of 3 years or more, according to Portuguese law, and do not constitute a danger or threat to national security or defense. You will need to provide a Certificates of criminal record issued by the competent authorities of the country of nationality and nationality, as well as countries where the applicant has resided after the age of 16 years.