What you need to know about Portugal's residency program
Nov 11, 2021
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Overall, Portugal's Residence 2021 by investment has been one of the most popular initiatives of the year. For non-EU nationals who have invested significantly in Portugal, such as via the purchase of real estate or the placement of cash, the Portugal Golden Visa is indeed a residence permit. You may become a Portuguese citizen in as short as five years if you apply for the Golden Visa, a fast-track option for EU citizenship.The Golden Resident Permit Program in Portugal
The Portugal Golden Permanent Residency Scheme is a five-year residency-by-investment program for non-EU citizens. The Schengen visa permits the holder to travel freely throughout Europe's Schengen Zone, as well as to live, work, and study in Portugal. After five years, you may apply for Portuguese citizenship with just an average yearly stay of seven days under the scheme.
Requirements for Portugal’s residence Investment
Candidates may choose from the following qualifying alternatives in any of the following areas:
Capital transfer: Portuguese bank accounts, authorized investments, or approved investment choices must receive at least one million euros in capital. A grant of EUR 350,000 is available to public or private institutions that are part of the national science and technology system to conduct research.
Property acquisition: There is a minimum purchasing requirement of €500,000 in real estate. The acquisition of property for even years or located in a region of urban renewal requires a minimum purchase price of EUR 350,000, which includes the cost of improvements.
Business: A minimum of ten new employment will be created. a least of five permanent positions for 3 years for a firm that is established in Portugal and has at least EUR 350,000 in the share capital
Is It Possible to Become a Portuguese Citizen Through Investment?
A Golden Visa is required towards becoming full citizens after five years of residency. While other nations need a year of residency in Portugal, the Golden Visa does not necessitate such a commitment. Seven to fourteen days a year is all that's required. However, you will need to show that you have a place to stay in Portugal, a stable source of income, and at least a basic command of the Portuguese language.
Advantages of the Golden Visa for Portugal
There are several advantages to investing in Portugal via the use of a Golden Visa for Portugal, including the following:
Your significant other, grown children who are full-time learners and shows how close of both yourself and your spouse are eligible for financial assistance. Minor siblings, if any, are not included in the definition of a dependent. Every year, you simply need to remain for seven days. You and your relatives may live and work in Portugal if you so want, and use the country's healthcare and educational resources. After five years in Portugal, you may apply for a passport from the country.
Is there a way to get a Golden Visa for Portugal?
Obtain a Golden Visa using the SEF's online portal. You may register on your own, or you can have a lawyer handle it for you. Make sure you provide electronic copies of all the necessary paperwork. Pay all applicable charges. Wait for proof from the SEF. Make an appointment with a SEF location near you to register your Golden Visa application.
You and your close relatives may then apply for a visa via your legal agent, who can also assist you in investing. Investments may take months to complete and the paperwork required for a Golden Visa application cannot be submitted until this procedure is complete.