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About Portugal Residency by Investment – Golden Visa
Portugal offers investment opportunities through what is known as Golden Visa Program. It is a program designed for high net-worth individuals who are interested in living and investing in Portugal. Investors may purchase a property or a combination of properties in Portugal among other investment options available under the Golden Visa. In return, investors can obtain Portuguese residency which eventually leads to citizenship when minimal residency requirement is fulfilled.
Benefits of Portugal Golden Visa program
Portugal offers a wide range of benefits and privileges to investors, who are interested in purchasing a property in Portugal, including:
- Free education and health insurance for children.
- Ability to add dependent family members in one investment
- Ability to obtain Portuguese citizenship.
- Freedom of movement within the Schengen Treaty member states as a residency holder.
- Enjoying the public safety both Portugal and Europe provide.
- Minimal residency requirement to renew the residence permit.
- Possible return on investment.
Portugal Golden Visa Program Qualifications & Requirements for Investors
There are a number of requirements that should be met in order to qualify for the Golden Visa in Portugal
- The investor must be over 18 years old.
- Have no criminal record in Portugal or in the countries where they have resided for the past five years.
- Prove possession of required investing amounts
- make the real estate investment in one of the following options:
- Purchasing a real estate property with a value equal to or above 500,000 Euro anywhere in Portugal.
- Purchasing a real estate property with construction dating back to more than 30 years for refurbishing purposes, for a total value equal to or above 350,000 Euro.
- Investment Fund route for a value not less than 350,000 Euro
*Other terms & conditions apply.
Eligible family members that can be included to the application:
A )spouse of the investor;
b) All dependent children of the investor regardless of age under the following conditions:
- Any child under 18 years of age
- Unmarried children above the age of 18 years who are enrolled in full time education (university)
c) Parents of the investor and/or spouse under the following conditions:
- Dependent parent above 65 years of age
- Parents that are less than 65 years of age are proven financially dependent on the investor.
d) Minor siblings can be added if they live with the investor, and they are dependent (single and economic dependency), and the Investor has the legal guardianship.
Cost of obtaining Portugal Golden Visa
A minimum investment amount of 500,000 Euros, or a 350,000 Euro investment in a more than 30 year old property or in a regulated and registered fund whether in equity investments or real estate investment funds
Other administrative and processing costs apply.
**Purchase of residential properties within Lisbon, Porto may only be eligible under the golden visa until the end of 2021
Process and steps for Portugal Residency program
- Step one: travel to Portugal to view and locate a property in Portugal (can be done remotely)
- Step two: Complete purchase of property and submit residency application.
- Step three: Receive Residence Permit valid for two years
- Step Four: Renew residency for a similar period of two years
- Step Five: Apply for Citizenship after 5 years (conditions apply)
- Arrange for the investors trip to Portugal to view properties.
- Complete purchase of the property through our partners in Portugal
- Assistance in collecting documents to submit an application to Portugal authorities
- Follow up on the residency status with the Portugal authorities
- Deliver the residency cards once issued to all family members
- Assist in renewing the residency cards before expiry
you can do the purchase remotely, yet it is highly recommended that you travel to Portugal and view the property you are willing to purchase
Maintain property and comply with the residency requirement of at least 14 days within the card validity period.
Yes, the investor and family members must complete 14 days per residency card period,
Yes and generate return on investment
Yes, After 5 years from obtaining the first residence permit, applicants have the option to either apply for Permanent Residency or Apply for Portuguese Citizenship, each option has its own conditions which are required to be fulfilled by the investor and family members.
The Republic of Portugal is part of the European Union, located in South Western Europe, with a total area of 91,590 square kilometres. Portugal has a total population of over 10.3 million people, and the most populated city is the capital, Lisbon, as Portugal is characterized by different cultures, and they share the Portuguese language as an official language among them. Portugal is famous for its Mediterranean climate, which is characterized by hot, dry summers and mild, rainy winters. Portugal’s terrain varies greatly between mountains, rolling plains in the south, and dispersed forests, with the highest point in the country being “Ponta do Pico “, which has a height of 2,351 meters above sea level.
Yes, Portugal signed the Schengen agreement. The residence permits issued by Portugal are valid in all schengen states.
Portuguese passport is currently ranked fifth according to Reach Immigration Passport Index, providing access to 188 destinations around the world and is considered one of the most desirable passports as it gives its holder the highest degree of mobility between various destinations.
Portugal’s passport allows entry to 142 countries without a visa according to Reach Immigration Passport Index, and the countries were distributed as follows: Europe:albania, Andorra, Armenia, Austria, Belarus, Belgium, Bolivia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Fiji, France, Finland, French Guinea, French Polynesia, French west Indies, Georgia, Germany, Gibraltar, Greece, Greenland, Hungary, Iceland, Ireland, Italy, Kiribati, Kosovo, kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mayotte, Monaco, Moldova, Montenegro, Netherlands, North Macedonia, Norway, Palau, Poland, Romania, Reunion, San Marino, Serbia, Sweden, Switzerland, Ukraine, United kingdom, Vatican. Americas: Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bonaire Saint Eustatius and Saba, Brazil, British Virgin Islands, Cayman Island, Chile, Colombia, Cook Islands, Costa Rica, Curaçao, Dominica, Dominican Republic, Ecuador, El Salvador, falkland island, Grenada, Guatemala, Guyana, Haiti, Honduras, marshall islands, Mexico, Montserrat, New Caledonia, Nicaragua, Niue, Panama, Peru, Saint Kitts and Nevis, Saint lucia, Saint Vincent and the Grenadines, Samoa, slovakia, slovenia, Spain, saint maarten, Trinidad and Tobago, Turks and Caicos Islands, Uruguay, Vanuatu,Venezuela. Asia: brunei, Hong Kong, Indonesia, Iraq, Israel, Japan, Kazakhstan, Macau, Malaysia, Micronesia, northern mariana islands, Oman, Palestine, Paraguay, Philippines, Qatar, Singapore, Solomon Islands, South Korea, Taiwan, thailand, Timor-Leste, Tonga, Turkey, Tuvalu, Uzbekistan. Africa: Botswana, Cape Verde, Eswatini, Jamaica, Lesotho, Mauritius, Morocco, Namibia, São Tomé and Príncipe, Senegal, South africa, Tunisia.
Portugal passport allows entry to 46 countries with a visa on arrival according to the Reach Immigration Passport Index, and the countries were distributed as follows: Asia: Bangladesh, Bahrain, Cambodia, Iran, Jordan, Kuwait, Laos, Lebanon, Maldives, Mongolia, Nepal, Papua New Guinea, Saudi Arabia, Tajikistan, United Arab emirates. Africa: burkina faso, Comoros, Egypt, Ethiopia, Gambia,Gabon, Guinea-Bissau, Kenya, Madagascar, Malawi, Mauritania, Mozambique, Rwanda, Seychelles, Sierra Leone, Somalia, Tanzania, Togo, Uganda, Zambia, Zimbabwe. Americas: Saint Helena Island.
No, you must submit your application through an authorized agent, as applications for residency must be dealt with by certain specialists who have experience and are recognized by the government of the country.
Within the real estate investment option of Portugal Golden Visa Program, Can I buy more than one property and apply for the Visa?
Yes, you can buy more than one property to qualify for the Portugal Golden Visa.
Yes, co-ownership is allowed as long as each person invests at least 350,000 Euro.
Family members who may be included are the spouse of the main applicant, all dependent children and siblings under the age of 18, unmarried children ِabove 18 who are enrolled in schools, and dependent parents.
Obtaining a golden visa in Portugal takes an average of 12-18 months.
The Portugal Golden Visa is valid for two years. You can then renew it after that, provided that you have maintained your investment.
Yes, the Golden Visa of Portugal entitles the holder to work and reside in Portugal.
Yes, with the Portugal Golden Visa, you and your family members can travel to European countries without a visa on arrival, according to the Reach Immigration Passport Index.
What happens to the property purchased for the Portugal golden visa after 5 years of purchasing it? Can I sell or rent it?
We always advise to keep the investment until the client obtains permanent residency or citizenship, and the property can be rented immediately upon purchase if it is ready for that, and the applicant does not need to wait for a number of years to get a return on the investment.
After obtaining a residence permit in Portugal, you are required to stay for 14 days in the country during the first period of stay which is valid for two years, and you will need to repeat this for each renewal period of residence.
Yes, permanent residence in Portugal or citizenship can be obtained only 5 years after obtaining a residence permit (conditions apply).
Yes, Portugal allows you to have more than one nationality in addition to its own.