If you’re interested enough, we can now jump to the details about the program.
Golden Visa Portugal is one of the most popular residency programs around the world. Launched in 2012, the program has provided European residency for over 10,300 investors.
Besides residency, applicants have access to the right of visa-free travel to Schengen area. In addition, they can apply for Portuguese citizenship when they complete five years.
Portugal residency by investment attracts investors with its low stay requirement as well. This means that you don’t have to settle in Portugal when the program accepts you.
If you’re interested enough, we can now jump to the details about the program.
About Golden Visa Portugal
Portugal Golden Visa is also known as ARI, which means Residence Permit for Investment Activity. The program is aimed at non-EU/EEA nationals and citizens outside of Switzerland. Golden Visa Portugal requires you to make an investment in the country. At the same time, you prepare the necessary documents while applying.
Once you get your Golden Visa, you’ll obtain a temporary residence permit in Portugal. To keep this right, you need to stay in Portugal for at least seven days each year. Once you’ve completed five years of residency, Portuguese citizenship can be available to apply.
Portugal attracts many people thanks to the warm climate, safety and stability as well as strong public health and education systems. For this reason, thousands of investors have obtained their residence permit.
Eligibility
You need to fulfill some criteria to apply for Portuguese Golden Visa. These include:
- Being a non-EU/EEA or Swiss citizen
- Investing in a qualifying investment option in Portugal
- Being over 18 years of age
- Having a clean criminal record, and
- Having the investment funds from outside of Portugal
What are the benefits of Portugal Golden Visa for overseas applicants?
Golden Visa Portugal means a lot more than obtaining residency. It allows you to live and work in the country. The program enables your dependent family members to benefit from the same rights with you. In addition, some tax benefits may apply depending on the period of your residency.
Include family members and enjoy the residency rights
Your
- Spouse,
- Children under the age of 18,
- Dependent children under 26 years old (if they’re full-time students and not married), and
- Parents 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 around seven days each year will suffice
As a Golden Visa holder, you don’t need to move to Portugal to keep your resident rights. However, you need to stay for at least seven days each year in Portugal. The same rule applies to your family members as well.
Mobility within the European Union
At the first step, you can travel in the Schengen countries without applying for visas. Once you get Portuguese citizenship, you’ll expand your mobility. This means that the Portuguese passport allows you to travel to 188 countries. Today, the Portuguese passport ranks the fourth strongest password worldwide.
Portuguese citizenship becomes possible once you complete five years of residency in Portugal. To get citizenship, you need to enter a language test in Portuguese. Also, you need to provide clean criminal records from both Portugal and your home country. You also cannot have outstanding tax payment in Portugal.
Tax breaks
As a non-regular tax resident, you can benefit from certain rights such as the NHR (Non-Habitual Resident) Program. You’ll be exempt from taxes on most of your income through NHR for ten years.
What are the investment types to get Portugal Golden Visa?
Real estate investment and fund investment are the most popular investment options of Golden Visa Portugal. You can also consider the investments of capital transfer, donation or company investment.
Real estate investment is possible through four different options. They differ according to the location, value, and the condition of the property. The least required amount for real estate investment is €280,000. This applies to a property that is more than 30 years old, located in a low-density and urban rehabilitation area. The second option is €350,000 investment. This applies when the property is not located in a low-density location. However, it needs to meet all the other conditions stated above.
The remaining options are €500,000 and €400,000 investment in a Portuguese property. There’s almost no restriction for the €500,000 option. Residential properties located outside of Porto and Lisbon qualify for this option. If the property is in a low-density location, the amount drops to €400,000.
Investment fund is another popular option for investors. The minimum requirement for this is €500,000. You can invest in a Portuguese fund and then obtain residency.
In short, Golden Visa Portugal offers great advantages besides a European residency. Apply today and enjoy these advantages asap.
