The Golden Visa Portugal programme was launched by the Government to grant resident status to all investors, and respective families, wishing to invest in Portugal, either by capital investments, job creation or Real Estate. Once golden residency permit is granted, you will have the right to live, work and study anywhere within the European Union. And once citizenship has been granted you will become a European citizen with the same rights of anyone in Portugal. As one of the most popular schemes of its kind, we're here to tell you everything you need to know about the Golden Visa Portugal programme.
a. 280k – This level of investment is available only for properties in low population density areas;
b. 350k – At this level of investment, the applicant can purchase Real Estate located in urban areas, but only properties constructed more than 30 years ago and in need of refurbishment. The sum for property and reconstruction must reach the 350k minimum investment.
c. 500k (and more) – All types of Real Estate investments available;
The requirements may vary according to your level of investment. However, the investor is required to keep his/her investment for a period of 5 years, the funds must come from outside into Portugal, a valid document for legal entry and stay in Portugal, no references in Portuguese Immigration and Schengen Services, no criminal record and a 7 days minimum stay in Portugal during first year, and 14 days for each of the next periods of 2 years.
All third country citizens who conduct an investment activity, as an individual businessperson or through a company set up in Portugal or in another EU Member State and who, in addition, are stably settled in Portugal, provided these citizens fulfil the quantitative requirements and the time requirements set out by the relevant legislation, may apply for a Residence Permit for Investment.
The amount of documentation needed to acquire Portugal citizenship by investments varies according to the level of investment. For a 500k investment you will need the following documents:
a. Final Deeds of Purchase, or Promissory Contract;
b. Declaration issued by a financial institution accredited or registered in national territory by the Bank of Portugal confirming an actual international bank transfer for purchasing or for payment as initial deposit of the sale agreement;
c. Certificate of the Land Registry Office issued within the prior 45 days, comprising the registrations, endorsements and entries in force and proving the ownership of the real estate, free of any encumbrances, or certificate of registry comprising the provisional record of purchase, when legally feasible, with initial deposit.
d. Official Tax Description of the Real Estate, when Legally feasible;
e. Excerpt of the Commercial Register issued within the prior 45 days in case the investment is made by means of a single
member limited company of which the applicant is the proprietor.
Besides the level of investment in Real Estate, the applicant will have other associated costs such as the down payment for the property, which is made in cash, as well as the legal documentation necessary to submit, which may also have associated costs.
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