Portugal Golden Visa (Residence Permit for Investment)

The Portugal Golden Visa, also known as the Residence Permit for Investment, is a program designed to attract foreign investment into Portugal. This visa grants residency to non-EU/EEA nationals who make a significant investment in the country. It offers a pathway to residency, permanent residency, and citizenship.

Benefits

1. Residency in Portugal: Obtain a residence permit allowing you to live, work, and study in Portugal.

2. Family Reunification: Family members, including spouse, children, and dependent parents, can join the main applicant.

3. Visa-Free Travel: Visa-free travel within the Schengen Area.

4. Pathway to Citizenship: After five years of residency, applicants can apply for permanent residency and citizenship.

5. No Requirement to Reside Permanently: Minimal stay requirement: seven days in the first year and 14 days in each subsequent two-year period.

Investment Options

Applicants can choose from various investment options to qualify for the Golden Visa. The primary categories include:

1. Real Estate Investment:

   • Purchase real estate property worth at least €500,000.
   • Purchase real estate property worth at least €400,000 in a low-density area.
   • Purchase real estate property worth at least €350,000 for properties over 30 years old or located in urban regeneration areas.
   • Purchase real estate property worth at least €280,000 in a low-density area for properties over 30 years old or located in urban regeneration areas.

2. Capital Transfer:

   • Transfer at least €1.5 million into a Portuguese bank account or approved investment options.

3. Business and Job Creation:

   • Create at least 10 new jobs in a Portuguese company.
   • Invest at least €500,000 in an existing Portuguese business, creating or preserving at least five jobs for three years.

4. Research and Development:

   • Invest at least €500,000 in research and development activities in Portugal.

5. Arts and Culture:

   • Invest at least €250,000 in the preservation of cultural heritage or support for the arts in Portugal.

6. Investment Funds:

   • Invest at least €500,000 in approved investment funds.

Eligibility Requirements

• Non-EU/EEA national.
• Minimum investment in one of the approved categories.
• Clean criminal record.
• Proof of funds from legitimate sources.
• Minimum stay requirement: 7 days in the first year and 14 days in subsequent two-year periods.

Required Documents

• Completed visa application form.
• Passport-sized photographs.
• Valid passport with at least two blank pages.
• Proof of investment (property deeds, bank statements, or investment agreements).
• Proof of funds (bank statements, financial documents).
• Health insurance covering the entire duration of stay in Portugal.
• Police clearance certificate from the applicant’s home country.
• Proof of accommodation arrangements in Portugal.

Application Process

• Choose an eligible investment option and make the required investment.
• Gather necessary documents.
• Submit an online application through the Portuguese Immigration and Borders Service (SEF) portal.
• Schedule an appointment at a SEF office to submit biometric data and original documents.
• Submit the completed application form, required documents, and biometric data in person.
• Pay the non-refundable visa application fee.
• Wait for processing (typically 3-6 months).
• If approved, collect the residence permit.

Visa Fees

Note: Fees may vary based on nationality and specific consular services.

Visa Processing Time

Key Points to Remember

• Investment Proof: Ensure you have all documents proving the investment.
• Stay Requirements: Comply with the minimum stay requirements.
• Renewals: Renew the visa every two years by maintaining the investment and meeting the stay requirements.
• Legal and Tax Advice: Consider seeking legal and tax advice to understand the implications of your investment.

Conclusion

The Portugal Golden Visa offers a unique opportunity for non-EU/EEA nationals to obtain residency through investment. With various investment options and significant benefits, including a pathway to citizenship, the Golden Visa is an attractive option for those looking to reside in Portugal.

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