The Golden Visa Programme in Portugal was launched in 2012 and, since then, there have been granted 7208 residence permits for pursuing investment activities, with 2014 being the year with most permits issued (1526). 6804 (six thousand eight hundred and four) of these residence permits were through the acquisition of Real Estate. There are several ways to obtain the Portuguese visa, but the most popular seems to be the investment of 500,000€ into a freehold property, there is a reduced version of this at 350,000€, however, there are certain criteria that must be met to validate that lower investment.
With Portugal affirming itself in recent years as an increasingly cosmopolitan, competitive, innovative and creative country, people from all over the world are drawn to this wonderful country’s quality of life and safety. Portugal is the fourth most peaceful country in the world and was recently elected the best country for expats to live in. Blessed with warm weather and long summers, the people who live here have 903km of coastline to explore and fall in love with.
Portugal is a member of several global and European organizations, communities, treaties, as well as one of the most globalized and peaceful nations in the world, which consolidates its position in the competitive and innovative nation’s market and makes it a very sought-after destination by investors from the entire world. Innovation and creativity are part of the country’s identity. The giant tech Google considers Portugal to be a leading country in Europe for the digital app economy. It’s the 8th country in the EU-28 with the highest number of high-speed broadband subscriptions per capita, a leading country in the execution of operations through the ATM network and Via Verde, the electronic toll network, is a Portuguese invention and groundbreaking on a global level in toll management.
Since 2012, there have been issued 12.254 residence permits to family members of the investors. Data collected until February 2019 shows that real estate is the preferred investment for the visa, with a total investment of 3.982.571.724,45€ in real estate property. The visa allows you and your dependent family (Children & Parents) to gain a residency permit in Portugal for 12 months and is then renewed on a 2-yearly cycle, to qualify for renewal you simply have to spend a minimum of 7 days in Portugal per year. This visa will allow you to travel freely across Europe within the Schengen Zone. Citizens from China, Brazil, Turkey, South Africa and Russia have been the biggest investors in the Portuguese Golden Residence Permit program.
The most attractive part of the visa is that after 5 years of title you can then apply for permanent residency within Portugal and after those 5 years you can apply for citizenship, the basic requirements to qualify is the initial investment, a clean criminal record and the ability to spend a minimum of 7 days in Portugal each year, without the need to reside in Portugal this visa has become the most attractive and popular option across Europe.
Once residency has been granted you will have the right to live, work and study anywhere within the European Union, once citizenship has been granted you will become a European citizen and will have the same rights of anyone in Portugal.
If you need more information on the Portuguese Golden Visa, feel free to contact our experts at Portugal Homes for all you need to know about granting the residence permit through investment.
About Portugal Homes
PortugalHomes.com specializes in selling Holiday Homes and Investment Properties. We help buyers find the right property overseas whether it be for Golden Visa, NHR, Investment or simply a place in the sun, our properties are selected with great thought in mind to give our clients the best opportunities, we offer the complete service from Introducing them to Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario, we provide the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
To find out more, please contact us:
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan
Ryan is very professional, but also friendly and knowledgeable about the Golden Visa market. He was also flexible as travelled from the Algarve to meet me in Lisbon to stand in for 1 colleague at short notice.Investor from UK
Portugal Homes did a great job keeping me up to date with progress on my new home construction purchase by providing regular and comprehensive reports. This helped to ease anxieties about doing a home purchase in the midst of a global pandemic.Investor from the USA
Although through Zoom, we established great confidence in George's integrity. [It was] important for us to have confidence in the staff's ability to feel aligned in views.Donald Collie from Australia
The process was very quick and clear. I got all the information I needed in the first hour. The experience was perfect.Tomoko Inoue from Japan
Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!John Mulroe and Wiebke Bock