When working with an immigration lawyer, they will submit it for you. Find out whether you qualify for a Portugese Golden visa here: Javascript is disabled on your browser. Digital Nomad Visas vs. Golden Visas: Which is Right for You? All content, including comments, should be treated as informational and not advice of any kind, including legal or financial advice. The golden visa in Portugal is designed to encourage investment from non-EU/EFTA nationals. First, you must obtain your NIF number, which will allow you to open a Portuguese bank account. You can taste the famous pastel de nata pastry, take a scenic ride on the historic Tram 28, or stroll through the picturesque streets of Portos Ribeira district. It must be valid for at least another six months. travel to other countries in the EU and Schengen Zone. temporary and permanent residence permit l eu blue card l data amendment. A Portugal visa is a document that allows you to enter and stay in Portugal for a certain period of time. Q&A on Different Places to Live in Portugal, US Destroying Grenada Passport & Doors Closing for Russians, Best Countries and Cities to Invest in Real Estate in Europe, Easiest Countries to Buy a Property in Europe. Fulfill your Immigration Dreams with us, pick up your phone and dial (+91) 859 533 8595 for immediate free counseling or write to [emailprotected] for assistance on Business Immigration. Portugals golden visa is only open to those from outside the EU, EEA, or Switzerland. Copyrights 2019 All Rights Reserved. The individual can apply for the visa themselves or through a guaranteed organization or an agency in Portugal. short-stay visas and visa waiver | temporary visas | residence visas. The story of a unique world culture struggling against a failed Chinese development project. (Mobile), gricrp.cc@sef.pt
The initial residence permit is valid for two years, which you can renew for another three years. One to three months before your residence permit expires, you must renew it. Additionally, while traveling within the Schengen area, investors have visa-free access to 186 countries (only after getting a Portuguese passport). Capital transfer of the amount of 350,000, or higher, for constitution of a commercial society with head office in the national territory, combined with the creation of five permanent working jobs, or for the reinforcement of the share capital of a commercial society with head office in national territory, already existing, with the creation or keeping of working jobs, with a minimum of five permanent jobs, and for a minimum period of three years. Arguably one of the best ways to contribute to the Portuguese economy is through job creation. As TravelDailyMedia reports, such documents were allegedly provided to the applicants by two Delhi-based agents in exchange for INR 30,000 to [] You are eligible for a Portugal Golden Visa, You are not eligible for a Portugal Golden Visa, Changes to the Golden Visa Program in Portugal in 2022, Documents Required for a Portugal Golden Visa, Residency Requirements for the Portugal Golden Visa, Portugal Golden Visa to Permanent Residence. That you have maintained your investment for the last five years, That you have spent at least 35 days in Portugal in the last five years. A qualified company immigration advisor can help reduce risks and prevent errors. Any foreigner who is not a citizen of the European Union or the European Economic Area needs to apply for a visa to enter Portugal. Ability to Stay in Portugal To be eligible to apply for the Portugal Golden Visa, you must meet the following requirements: Be at least 18 years old. TextStatus: undefined To do this, schedule another appointment at SEF. You must then move the funds into your Portuguese bank account in order to make your qualifying investment. This signifies that your application is official and your residence cards will be issued. Secondly, the requirements are very reasonable and if you meet the requirements, you will be able to apply for both permanent residency and Portuguese citizenship after 5 years. Another hands-off option is to invest in a fund, such as a private equity or venture capital fund. Five years after you get a Golden Visa, you can apply for Portuguese citizenship. Transfer at least 1 million in a Portuguese bank account. Step 1: Select the appropriate investing strategy. This is at no additional cost to you and it does not affect our editorial standards in any way. Pay the Golden Visa application fee. That means that at the end of the five year period which makes you eligible for citizenship, you only need to have spent 35 days in total in the country. To be eligible for a Golden Visa for Portugal, you have to fulfill the following requirements: You must be over the age of 18 You must make a significant investment that is beneficial to the Portuguese economy You must have no history of criminal records You must own the money you seek to invest Are you ready to diversify and invest in a Portuguese lifestyle? Let's take a look at what has changed and what you should . Retirees, entrepreneurs, and wealthy individuals have the opportunity to claim permanent residency and even citizenship with the Portugal Golden Visa. This requires one visit to Portugal at the application stage. Capital transfer of the amount of 500 thousandEuros, or higher, for the acquisition of units of investment funds or venture capital fund of funds dedicated to the capitalisation of companies, capital injected under the Portuguese legislation, whose maturity, at the moment of the investment, is, at least, of five years and, at least, 60% of the investments is realized in commercial companies with head office in national territory;viii. To get a Golden Visa for Portugal, you have to make one of the following investments: You must have no criminal record, your assets must have been obtained legally, and you must be over the age of 18. It also boasts the worlds oldest bookstore, the Bertrand Bookstore in Lisbon, and the worlds most extensive cork forest, the Montado. Powered by Jovial21st. However, this loan must originate from a country other than Portugal. A Portuguese-registered company may receive EUR 500,000 for its formation or increase in share capital if it also maintains or adds at least five permanent jobs over three years. Golden Visa applicants often will hire professionals to guide them during the investment. In the first year, you only need to survive for seven days, and for 14 days in the two years that follow. For example, if you buy a residential property it normally has to cost 500,000 and be in a qualifying area (places like Lisbon, Porto, and large parts of the Algarve are now excluded). [3], In August 2019, according to SEF, Chinese investment in Portugal under the scheme was down during the first eight months of 2019 a decrease of 15.7 percent from the same period of 2018. The terms for each project varies considerably and its recommended that you have an independent lawyer read the terms but most are at the affordable end of the golden visa scale and start from 280,000. While last month, the Ministry of Interior applied new changes to the Golden Visa Program, which were approved on April 21 this year, the country's citizenship-by-investment scheme was abolished in 2020, after it permitted a large number of foreigners to acquire citizenship in this country, despite the fact that some of them were involved in illegal affairs. (function(d, sc, u) { a house purchase) until youre able to apply for permanent residency and Portuguese citizenship. Declaration from the bank proving the existence of the deposit. 2. Its time to choose the kind of investment you want to make. Benefits of Getting a Portugal Golden Visa Through Investing in an Investment Fund. Before making your investment, you must fund your Portuguese bank account with funds that come from abroad. If anything further is necessary, your consultant will let you know and handle this duty for you. There are, however, still plenty of areas that qualify, most of which are inland but a selection of which are on the coast. Translations, notarization, financial statements, and certificates are all included in this process. The real estate investment amounts are as follows: Investors may purchase multiple properties to be eligible for the Portugal Golden Visa as long as the total investment amount meets the criteria. Your criminal records. s.async = true; Like I mentioned above, I found Portugal to offer the most compelling Golden Visa program for my needs, and I decided to move forward with the . With the aid of permission, a non-EU citizen may initially reside and work in Portugal. They can help you identify the right qualifying investment for your situation, gather documents, get a NIF, and open your bank account. The very first thing you must do when obtaining the Portugal Golden Visa is to decide which investment you would like to make. A Declaration by the Portuguese Strategy, Planning and Cultural Assessment Office. (adsbygoogle = window.adsbygoogle || []).push({}); NMDS ORegistry Code 16725745Tallinn, Viru vljak 2, 10111. EUR 500,000 for the purchase of investment fund or venture capital fund units dedicated to the capitalization of Portuguese law-governed companies, with a maturity of at least five years and at least 60% of the investment portfolio in firms with a registered office in the national territory. After the first year, you can apply for renewal and you will get a two-year residence permit. According to Portuguese nationality law, the permanent residence permit leads to Citizenship after 5 years. However, there is potentially more opportunity for growth in this route. One of the advantages of the program is the short stay requirement - applicants are not mandated to live in Portugal. 7 Popular Digital Nomad Cafes in Porto [2023], Uruguay Digital Nomad Visa: How to Apply Online [4 Steps], Have held Portuguese residency for five years, Clean criminal record from your home country and Portugal, Passed a Portuguese language test at an A2 level, Clean criminal record from your country of origin and in Portugal, Declaration of Funds Transfer to a Portuguese Bank, Health Insurance Policy with Coverage in Portugal, Certified Criminal Record (Issued in the Last Three Months), Certification of Good Standing with Portuguese Tax and Customs Authority, ARI Application Fee Receipt (533 per applicant/83 per dependent and 5,325 per person). At the corner of Puerto Rico there is a giant carving of a Tano chief. Yay! Portugal Golden Visa 2023 Guide: Your Path to Residency and Citizenship in Europe. Entrusted by clients. The scheme began in 2012, In August . To keep your residence permit valid with the Portugal Golden Visa, you are required to spend seven days of every year physically in the country. Schedule a free consultation with La Vida Golden Visas regarding you eligibility for the Portugal Golden Visa. The amount is brought down to 400,000 if the property is in a low-density area. There are also location restrictions as to where you can purchase an eligible property for the visa. Whether youre visiting for a short stay or planning to make it your home, Portugal is sure to captivate you with its beauty and charm. Overall the application process takes a little over six months to complete. It offers residency, or the right to live in Portugal, to non-EU/EEA/Swiss citizens (and potentially citizenship) in return for making an investment in Portugal. Golden Visa statistics. At the SEF appointment, they will take your fingerprints. var s = d.createElement(sc), p = d.getElementsByTagName(sc)[0]; When it comes to investing in real estate to obtain the Portugal Golden Visa, applicants must abide by certain regulations. However, now that the minimum investment amount has increased to 500,000, it isnt as appealing as it once was, particularly when the commercial property route starts from 280,000. Applicants can invest in real estate and call it their home, rent it out, or use it as a vacation home in return for Portuguese residency. More than 10,000 families have now moved to Portugal since then. Create at least ten new jobs for Portuguese citizens. Since the Portuguese Golden Visa program came into force in 2012, the majority of investments were made in bigger and high-density cities, neglecting other areas of the country. There are so many more benefits to obtaining the Portugal Golden Visa other than having the chance to live full-time or part-time in a beautiful European country. All rights reserved. The actual updates to the law were published in February 2021, so potential applicants had time to adjust. The small print: Portugalist may generate a commission from mentioned products or services. The countrys warm climate, friendly locals, and affordable cost of living make it an ideal place to visit for both short-term trips and long-term stays. Legal Disclaimer, 25+ Digital Nomad Visas You Can Apply to Today, Updated List of Digital Nomad Visas in Europe [2023]. Who can apply for the Portugal Golden Visa? Maintaining your investment Golden Visa applicants must maintain their investment over a period of 5 years if they wish to apply for citizenship. Aside from these documents, the Portuguese border officer may ask you a few questions about your trip to Portugal: Of course, one of the selling points of Portugals golden visa is that even though youre technically resident in Portugal, you dont need to spend a lot of time there: just 7 days per year (14 days in the first two years technically). When working with an immigration lawyer, they can collect the cards for you if you are not present in Portugal. While it is possible to obtain the Portugal Golden Visa on your own, it can prove to be difficult and take much longer than six months. Purchasing an approved property according to the Portugal Golden Visa investment requirements is the most popular opportunity people take advantage of. Relocation / By Samantha North / February 23, 2023. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. A valid passport or travel document. If you decide to purchase qualifying real estate, this can tack some time onto your visa process as you will need time to find the property you wish to purchase. var a2a_config = a2a_config || {};a2a_config.num_services = 4; IMPORTANT: Portugal has ended its Golden Visa Program as of February 2023. Invest at least 250,000 to support the reconstruction of Portuguese heritage or arts. The purchase of real estate property, with construction dating back more than 30 years or located in urban regeneration areas, for refurbishing, for a total value equal to or above 350 thousand Euros;v.Capital transfer with a value equal to or above 500 thousand Euros for investing in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system;
Your family and I have been granted a golden visa for Portugal. This special tax status for new residents can lead to tax exemptions on a global income and income earned in Portugal being taxed at a flat rate of 20 percent. The Golden Visa. This is a special visa program designed by Portugal to attract foreign investment into Portugal. [More Info]. Even if youre working full-time, this is very achievable. However, if youre planning to stay longer or have a different purpose, such as studying or working, youll need to apply for a Portugal visa. If youre a non-Schengen citizen, its important to understand the visa requirements for your visit and ensure that you have all the necessary documentation before you arrive. Prior to January 2022, the minimum investment for this route was 350,000, which made it a compelling option. The visa requirements for Portugal vary depending on your country of origin and the purpose of your visit. You may then renew the permit for an additional three years if you still hold your approved investment. The permission may then be extended for two additional two-year periods. After five years of legally living in the country, you may apply to become a Portuguese citizen. deeds to property in Portugal). There are 0 comments on this article. Typically 500,000. Overall, an immigration lawyer will streamline the process and ensure you are in compliance with laws and regulations pertaining the visa.