Launched in 2012, the Portugal Golden Visa is a residency permit granted to investors who make qualifying investments in the country. The program aims to attract foreign capital and stimulate economic growth by encouraging investment in real estate, business, and other sectors.
The Golden Visa program in Portugal has become one of the most popular residency-by-investment schemes in Europe. It offers non-EU nationals an opportunity to obtain residency permits through qualifying investments, allowing them to live, work, and travel freely within the Schengen Area. Here’s everything you need to know about the benefits and getting a Golden Visa in Portugal.
To qualify for the Golden Visa, you need to make one of the following investments:
Transfer at least €1.5 million into a Portuguese bank account or approved investment fund.
Create at least 10 jobs in Portugal.
Invest at least €500,000 in scientific research conducted by public or private institutions.
Invest at least €250,000 in the arts or national heritage preservation.
Invest at least €500,000 in venture capital funds or startups.
Apart from the investment amount, applicants should budget for government fees, legal assistance, translation and notarization of documents, and travel expenses. Government fees usually range from €5,000 to €10,000 depending on the number of applicants.
To maintain your Golden Visa, you must spend at least seven days in Portugal during the first year and 14 days in each subsequent two-year period. There is no requirement to live permanently, allowing flexibility for investors.
After five years of holding the Golden Visa and meeting residency and language requirements, investors can apply for permanent residency or Portuguese citizenship. Citizenship grants you the right to live freely in the EU and access other benefits, such as voting rights.
The Portugal Golden Visa offers a pathway to European residency and citizenship through various investment options. It combines flexibility, attractive benefits, and a relatively straightforward process, making it an excellent choice for investors seeking to establish a foothold in Europe. If you are considering applying, consult with legal and financial experts to ensure compliance with all requirements and to select the best investment option for your circumstances.
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