PORTUGAL – GOLDEN VISA
May 28, 2023: On May 19th the bill to end the Golden Visa program was approved in the Portuguese parliament.
The details of how the program will end is still being worked upon. It is therefore expected that applicants still have another 6 weeks in which to file their application. It was also confirmed that all applicants who file before the program closes will be honoured.
If, for any reason an applicant is unable to file in time, the developer will refund any property purchase payments to the applicant.
Residency First can facilitate your application ahead of the law change.
The Portugal Golden Visa gives easy access for investors to Portugal, which is regarded as one of the most stable, beautiful and peaceful countries in the world. The Portuguese passport is ranked as a Top 5 Passport in the world to have, with visa free travel to 186 Countries.
With an investment as low as €280,000, you can qualify for Residency in Portugal, and eventually EU Citizenship, under the special legal resident status called the ‘Golden Residence Permit.’
As a member of the European Union (EU) – becoming a resident of Portugal gives you immediate visa-free travel to the 26 Countries of the Schengen zone. Once Portuguese Citizenship is granted, you will have the right to live, work, study or set up a business in any of the other European Union (EU) Countries. It is possible to apply for Portuguese Citizenship after 5 years.
PORTUGAL GOLDEN VISA BENEFITS
- Investment starting from €280,000 in property
- Investor, spouse, children and parents included in application
- Minimal physical presence required (14 days per 2 years)
- Portugal Residency approved in 6 months
- Access to world-class education and healthcare
- Immediate visa free travel to all Schengen countries
- Portugal (EU) Citizenship possible after 5 years
- Ranked 4th best passport in the world for ease of travel
- Investments with guaranteed income/guaranteed buyback available
- Desirable locations around Portugal from prestigious, reputable developers
The four most common investment routes to qualify for Portugal Residency are:
- Property Purchase
Investment options start at €280,000 depending on the area, and property type. We will send you full property investment options upon enquiry
- Fund Investment – Venture Capital
Requiring a minimum €500,000 capital contribution to a Venture Capital Fund with at least 60% of the investments in Portugal.
- Business Set up
Requiring minimum €500,000 Investment into a new business and 10 jobs created or 350,000 investment into existing business and 5 new jobs created.
- Capital Transfer
Requiring a minimum €5 million transfer to your bank account in Portugal, or a qualifying investment.
MINIMUM REQUIRED INVESTMENT
MONTHS PROCESSING TIME
YEARS TO EU CITIZENSHIP
VISA-FREE TRAVEL COUNTRIES
THE GOLDEN VISA PROCESS
Step 1 – Choose your investment route
Our Portugal specialists will help you identify the right investment route for you, based on our initial consultation. We will send you a selection of qualifying investment options.
Step 2 – Due Diligence Checks
Our team will perform basic due diligence checks on the main investor and spouse. Once approved, our retainer fee will be due and we will send you the documentation checklist.
Step 3 – Document Collection
One of our experienced team members will assist you with collation the documents for the required investment, or property purchase. We will assist in the translation of these documents where necessary.
Step 4 – Sign and Certify Legal Documents
Investor will need to go to Portuguese embassy to sign the certify their legal documents. We will assist in this process.
Step 5 – Make the Investment
The investor can visit Portugal in order to complete the investment. The investment can also be completed using Power of Attorney, without taking a trip if preferred.
Step 6 – Golden Visa Application is Submitted
Once the property purchase or investment is complete, along with the rest of your documentation, your application is submitted to the SEF. At this point the Government application fees are payable. Approval typically takes 6-8 weeks.
Step 7 – Application Approved – Attend SEF appointment in Portugal
Once your Portugal Golden Visa Application is approved we will schedule an appointment at the SEF (Immigration Services) in Portugal, where you will provide all original documents, and have Biometrics taken. Your Portugal Residence Permit will then be issued within 45 days.
Step 8 – Maintain Residency in Portugal
Once you receive your Portugal Residence Permit, you must visit Portugal for 14 days within every 2 year period. Your Residence Permit must be extended every 2 years.
VISA FREE TRAVEL TO 26 SHENGEN COUNTRIES
Once you receive the Portugal Golden Residence Permit, you will be able to travel visa free to all 26 Schengen Zone Countries. If you later apply for Portugal Citizenship (after 5 years), the Portugal Passport is rated 4th in the world for ease of travel, with visa-free access to 186 countries.