Golden Visa Portugal

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Introduction

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.

History of the Portuguese Golden Visa

The Golden Visa Portugal programme has been around since 2002 and was created as a way of enabling non-EU citizens the right to gain a residence permit in exchange for a 5-year investment. Not only has the Golden Visa Portugal helped people live and work in the area, but it has also done wonders for the local economy. It's said that around four billion euros have been invested in Portugal since the launch of the scheme.

Those who gain access Portugal citizenship by investment thanks to the Golden visa only need to visit 7 days out of the entire year. Despite this, investors who have acquired residency through the golden visa Portugal must prove that they have ties to the country - such as property.

Advantages of the Golden Visa

Get a Portuguese passport

 

Live, Work and Study in Portugal

 

Travel freely in the Schengen Area

 

Low physical presence required

 

Most popular scheme in Europe

 

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The Golden Visa Process

1

Real Estate Investment Options

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;

2

Requirements

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.

3

Who is Eligible

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.

4

Documentation

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.

5

Costs

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.

quote Could not have asked for a better team. Very happy, satisfied and glad we've done business together.  quote

Arthit Narula from Thailand

The Golden Visa Timeline of Application

1-4 Months
Invest and apply via the Golden Visa Portugal Programme
Year 1
Golden Visa Programme permit issued for 1 year
Year 2 & 3
Golden Visa renewed for 2 years
Year 5
Permanent Residency and Citizenship (Passport) for yourself and your dependent family

Golden Visa Properties

350 Golden Visa Algarve
€149,000-€229,000
  • Completion Date 2021
  • REF: PW417
Arroios 350 GV
€240,000-€360,000
  • Bed 1-2 Bed
  • Completion Date September 2020
  • REF: PW446
Available
Graça
€220,000
  • Bed 1 Bed
  • Property TypeApartment
  • Area48,21 sqm
  • REF: PW445

Enquire today about The Golden Visa

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Please note that Portugal Homes will use the above details to contact you only. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.

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