What is the Portuguese Golden Visa?
What is the Portuguese Golden Visa?
The Portuguese Golden Visa is a Citizenship By Investment programme which allows non-EU nationals to obtain Portuguese residency and citizenship through various investment channels.
What are the advantages of the Portuguese Golden Visa?
– You are granted the freedom to live, work and study in Portugal and throughout Europe.
– You will have a free traveller visa to Schengen area countries.
– After five years, applicants are also eligible to apply for Portuguese citizenship. Portugal allows duo citizenship.
– You are only required to spend 7 days in Portugal each year.
– You can extend the right to your family.
What kind of investments qualify me for the Portuguese Golden Visa?
– €500,000 Real Estate Acquisition
– €500,000 Invest to a Golden Visa Funds
– €350,000 Renovations Real Estate (over 30 years old and in Urban Regeneration Zone)
– Establish a Company and Create Ten Job Positions (Project dependent)
– €350,000 Invest in Portuguese Research & Development
– €250,000 Donate to Portuguese Cultural Heritage
– €1,500,000 Capital Transfer to a Portuguese Bank
*No longer applies to high-density areas such as Lisbon, Porto, and the Algarve unless it is commercial or touristic real estate but remains applicable in Portugal’s interior and islands Madeira & Azores)
How to obtain a Portuguese Golden Visa ?
1) Get a tax ID number called NIF “Numero de Identificacao Fiscal”.
2) It will then allow you to open a Portuguese bank account, where you will eventually deposit your investment funds coming from outside of Portugal.
3) You will proceed with the investment and your lawyer will then proceed with your Golden Visa application will all the relevant documents.
4) In the 2-3 months time, you will need to travel to Portugal. The SEF will invite you for an interview, to make sure the info provided matches the reality. You will need to give your biometrics (photos, fingerprints, etc).
5) Then it takes 4-6 months for the authorities to review and issue your Golden Visa. After a fee payment your Golden Visa will be posted to you and ready to be use for your next visit.
