Portugal is located along the Atlantic coast of the Iberian Peninsula in southwestern Europe. Portugal shares commonalities, geographic and cultural with the countries of both northern Europe and the Mediterranean. It’s cold, rocky northern coast and mountainous interior are sparsely settled, scenic, and wild, while the country’s south, the Algarve, is warm and fertile.
It is considered a developed country with a high income and standard of living, as well as being one of the most peaceful countries in the world.
Since its economy is shifting to one more focused on exports and private investments, business services have seen more growth compared with traditional industries. Tourism is also an important industry in Portugal, which has become one of the most popular tourist destinations. The cheerful streets, magnificent historic places, and turquoise clear beaches make Portugal the most visited city in the region internationally. Holding the position of 6th strongest passport around the globe, Portugal is now a popular choice for elites to move with the family.
Portugal Golden Visa Investment Option & Requirements
The Portugal Golden Visa program has proven to be the most popular scheme in Europe with investors attracted to its flexibility and benefits. The Golden Visa Program was initiated in 2012 with an idea to enhance the state’s economy by engaging international investors. The residence permit gives the right to live, work, and study in Portugal and allows free circulation in Europe’s Schengen Area. Furthermore, the program only requires an average of seven days per year stay in Portugal over this period, which can also count towards citizenship eligibility after five years.
The Portugal Golden Residence Permit Program is a five-year residence-by-investment program for non-EU nationals.
Investment Options for Portugal Golden Visa
- A real estate purchase with a minimum value of EUR 500,000
- A real estate purchase with a minimum value of EUR 350,000 for the refurbishment of properties older than 30 years or in an area of urban regeneration, including the cost of renovations
- Invest in a low-density area, the investment amount is EUR 280,000.
- EUR 250,000 in support of artistic production or in the recovery or maintenance of national cultural heritage
Applicants pursuing this option must create 10 jobs in Portugal and maintain these jobs for 5 years at least. Processing fees apply.
An applicant:
- The main applicant must be 18 and older.
- Valid residence or Schengen visa for non-EU/EEA/Swiss nationals.
- Provide proof that investment funds originate from abroad.
- Clean criminal record and no breach of Immigration laws.
- Enter Portugal for the first time on a valid Schengen visa.
- Minimum investment of €250,000. Range of investment routes to pick.
- Spend a minimum of seven days in Portugal for the first year, then no less than 14 days each subsequent two-year period (this is called the stay requirement)
- Dependents include a spouse, minor children, financially dependent children and parents.
- Good health condition and health insurance.
- Investment to be held for at least 5 years.
- Pay application and processing fees where applicable.
Benefits
- Application approval in 6 to 9 months
- No physical residency or travelling requirement during processing time
- Right to live, work and study in Portugal.
- Inclusion of the entire family as dependents including spouse, children under 22, and parents
- After maintaining investment for 5 years, applicants can apply for citizenship
- Once citizenship is permitted, Applicants are allowed to visa-free
travelling to 175+ countries including the Schengen region - No taxes on worldwide income
- Great returns on investment
- Access to world-class education & healthcare facilities
- Right to open a business in any EU member state.
- No education requirements.
- No language or country test requirement for a temporary residence permit.