Golden Visa program in Portugal
Portugal’s Golden Visa Program is one of the most popular residency-by-investment programs in the world. Since its inception in 2012, thousands of families have successfully relocated to Portugal ― the darling heart of Southwestern Europe ― and have started new lives. Why exactly is the Portugal Golden Visa so in-demand? And why are non-EU citizens applying in the hundreds?In this Golden Visa Portugal 2020 Ultimate Guide, you’ll learn more about:The Portugal Golden Visa Program, also known as the Residence Permit Program is a five-year residency-by-investment scheme for non-EU nationals.
Portugal’s Golden Visa grants qualifying investors and their family members the right to live, work and study in Portugal and permits free movement in Europe’s Schengen Area. Opportunities to become a permanent resident or citizen is possible, provided that the qualifying investment is kept for at least five years. From an ongoing COVID-19 pandemic, to the Portuguese government’s proposed changes to the Portugal Golden Visa starting from 2021, it’s important to stay informed.
“The changes are not a priority at the moment,” a source from the Ministry of Foreign Affairs allegedly told the media outlet Dinheiro Vivo. The changes to Portugal’s Golden Visa program would have rolled out next year, limiting real estate investments to inland municipalities only, as well as the independent regions of the Azores and Madeira.
The Ultimate Guide To The Portuguese Golden Visa : Things To Know Before You Buy
And amidst COVID-19, the move to digitalize the Golden Visa application has been welcomed. All documents are now to be submitted digitally, including the issuance of the Portuguese Individual Tax Number [NIF]. The benefits of a Portugal Golden Visa are one of the main reasons why foreign investors are so vested in applying and seeking residency.
Meaning, your family can also enjoy the same freedom of opportunities and a second residence in a safe and stable country! Spouse or legal partner. Children under 18 years of age. Dependent children under 26 as long as they are single and enrolled as full-time students. Parents of either spouse if over 66 years old (or 55 and dependent). Siblings under the age of 18 years from either spouse or partner if legally responsible. To get the Golden Visa in Portugal, you must make a qualifying investment ― usually in real estate or funds ―and hold the respective investment for five years.
To qualify for the program, you must fulfill the following Golden Visa requirements for Portugal: Be either non-EU, non-Swiss, or non-EEA. Minimum investment of €500,000. Range of investment routes to pick. Have a clean criminal record. Spend a minimum of seven days in Portugal for the first year, then no less than 14 days each subsequent two-year period (this is called the stay requirement)
Top Guidelines Of Portugal Golden Visa
The Portugal Golden Visa processing time is relatively quick and straightforward…: Once you decide on your investment, you must collect the paperwork for yourself and any dependents you’ll be including in the application.
After obtaining your NIF, we can help you open a bank account in Portugal. This can be done by us remotely. : We can begin securing your investment, and will guide you through the necessary paperwork required to ensure a successful investment.: From the time you book your interview, it takes around 2 months until you can attend a biometrics collection session in person.
Pay the government permit issue fee. You’ll then collect the residence cards. Portugal’s stable and dynamic economy and exciting startup scene make it an ideal destination for businesses looking to set up EU operations. Portugal’s prime real estate market has also prompted an influx of property investors to purchase property for sale in Portugal.
Different ways to get the Golden Visa.
The Portugal Golden Visa real estate option is perhaps the most popular way to get residency in Portugal. This is because Portugal is seen as a prime destination among property investors, with a flourishing real estate market, high rental yields, and booming tourism industry. Many expats buy properties in Portugal for tourism purposes, or to serve as a second home or a retirement destination.
Click on the link below to see our properties elligible for Golden visa applications: