The Portugal Golden Visa program was launched by the Government to grant resident status to all real estate investors, and respective families wishing to invest in Portugal, either by capital real estate investments, job creation or Real Estate. Once Portugal golden visa residency permit is granted, you will have the right to:
1. Reside in Portugal during the whole duration of visa;
2. Work and study anywhere within the European Union, or exercise professional activity in Portugal;
3. Travel freely, without visa, through the 26 Schengen countries of the European Union;
4. You may also obtain a Permanent Portugal citizenship after a period of 5 (five) years, with the same right of anyone in Portugal and the European Union;
5. Right to family reunion in Portugal and the European Union.
As one of the most popular golden visa schemes of its kind, we're here to tell you everything you need to know about the Golden Visa Portugal program.
Henley & Partners, an advisory that specializes in residency and citizenship issues, noted a “dramatic spike ” in recent inquiries for Golden Visa Portugal. “Portugal has proven to be an extremely attractive option, its relatively low cost of living, beautiful and varied landscape, Mediterranean climate, rich history and culture, and very high standard of safety and security have all been strong draw cards,” said Paddy Blewer, Henley & Partners group director of public relations.
Also, Lisbon was ranked by accounting firm PwC as the best city in real estate investment and development prospects among major European cities this year. Property prices in the metropolitan area of the capital were up by about 8 percent in 2018, and rental yields ranged from 5.5 percent to 6 percent.
The Golden Visa Portugal program 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 real estate investment. Not only has the Golden Visa Portugal program 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 to Portugal citizenship by investment thanks to the Golden Visa Golden Visa Portugal applicant only need to visit 7 days out of the entire year. Despite this, investors who have acquired residency through the visa application must prove that they have ties to the country - such as properties.
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 obey the following:
- 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;
- 7 days minimum stay in Portugal during first year;
- 14 days stay 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.
Could not have asked for a better team. Very happy, satisfied and glad we've done business together.Arthit Narula from Thailand
David comes across as a very knowledgeable and very understanding with clients needs. His professionalism is well demonstrated in the way he tailored the options for us based on our requirements. Very happy!Ahsan Ahmed from United Arab Emirates
Invest and apply via the Golden Visa Portugal Programme
Want to know how much this is going to cost? Simply fill in the details according to your requirements to receive a more accurate quote. Once you have submitted your information, we will be in touch to discuss your needs further.