Golden Visa Portugal is one of the world’s most popular residency programs. Since its inception in 2012, the program has granted European residency to over 10,300 investors.
Aside from residency, applicants have access to visa-free travel to the Schengen area. In addition, after five years, they can apply for Portuguese citizenship.
Portugal residency by investment also appeals to investors due to its low stay requirement. This means that if you are accepted into the program, you are not required to settle in Portugal.
If you’re still interested, we’ll get into the specifics of the program.
About Golden Visa Portugal
Portugal The Golden Visa is also known as the ARI (Residence Permit for Investment Activity). The program is intended for non-EU/EEA nationals and Swiss citizens living outside of Switzerland. Golden Visa Portugal necessitates a financial investment in the country. You prepare the necessary documents while applying at the same time.
After receiving your Golden Visa, you will be granted a temporary residence permit in Portugal. To maintain this status, you must spend at least seven days in Portugal each year. After five years of residency, you may be eligible to apply for Portuguese citizenship.
Portugal draws a lot of people because of its warm climate, safety and stability, as well as its strong public health and education systems. As a result, thousands of investors have received their residence permit.
Eligibility for Golden Visa Portugal
To apply for a Portuguese Golden Visa, you must meet certain requirements. These are some examples:
- Being a citizen of a country other than the EU/EEA or Switzerland
- Investing in a Portugal-qualified investment option
- Being over the age of 18
- Having a clean criminal record, as well as
- Having funds from outside of Portugal for investment
What are the advantages of the Portugal Golden Visa for foreign applicants?
A Golden Visa Portugal entails much more than just obtaining residency. It gives you the right to live and work in the country. The program provides your dependent family members with the same rights as you. Furthermore, depending on the length of your residency, you may be eligible for tax breaks.
Include family members and take advantage of the residency rights.
- Your Wife,
- Children under the age of eighteen
- Dependent children under the age of 26 (if full-time students and not married), and
- Parents who are over the age of 65
can apply for Portugal Golden Visa along with you. In this case, they can benefit from the residency rights as you do. These include having access to education and healthcare services.
In addition, you can work in Portugal as well as start a new business or run your own business.
Staying for approximately seven days per year will suffice
You do not need to relocate to Portugal as a Golden Visa holder to maintain your residency rights. However, you must spend at least seven days in Portugal each year. The same holds true for your family members.
Within the European Union, mobility
In the first step, you can travel to Schengen countries without a visa. Your mobility will increase once you obtain Portuguese citizenship. This means that a Portuguese passport entitles you to travel to 188 different countries. The Portuguese passport is now the world’s fourth strongest password.
After five years of residency in Portugal, you can apply for Portuguese citizenship. To obtain citizenship, you must pass a Portuguese language test. In addition, you must have clean criminal records from both Portugal and your home country. In Portugal, you are also not permitted to have any outstanding tax payments.
You have certain rights as a non-regular tax resident, such as the NHR (Non-Habitual Resident) Program. For the next ten years, you will be tax-free on the majority of your income generated by NHR.
What types of investments qualify for a Portugal Golden Visa?
The most popular investment options for Golden Visa Portugal are real estate and mutual funds. You can also consider capital transfers, donations, or company investments.
There are four different ways to invest in real estate. They differ depending on the property’s location, value, and condition. The minimum amount required for real estate investment is €280,000. This applies to properties that are more than 30 years old and are located in a low-density and urban rehabilitation area. The second option is to invest €350,000. This is true if the property is not in a low-density area. It must, however, meet all of the other requirements listed above.
The remaining options are to invest €500,000 or €400,000 in a Portuguese property. The €500,000 option has almost no restrictions. This option is available for residential properties located outside of Porto and Lisbon. If the property is in a low-density area, the amount is reduced to €400,000.
Another popular option for investors is an investment fund. This has a minimum requirement of €500,000. You can obtain residency by investing in a Portuguese fund.
In short, Golden Visa Portugal provides numerous benefits in addition to European residency. Apply today to take advantage of these benefits as soon as possible.