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Portugal Golden Visa

Gloden Visa Portugal

Portugal Golden Visa Overview & Information

Portugal’s Golden residence permit is better known as the Portugal Golden Visa. It is a five-year investment-based residence route for non-Eu nationals. Aimed to attract international business and direct investors, the Golden Visa allows applicants and dependents to work, live, study, and travel in Portugal and Europe. Visa holders may apply for citizenship after five years.

It was introduced in 2012 by the Portuguese Ministry of Internal Affairs through the Portuguese Immigration and Border Service. It has been exceptionally successful and popular with applicants from all over the world.

  • Processing Time

    ● 12 months

  • Investment Type & Costs

    ● Purchase a property worth at least €500,000 or more, €400,000 for low-density area properties
    ● Invest €350,000 in real estate more than 30 years old or located in a Portuguese urban regeneration area. €280,000 for the same investment in a low-density area
    ● Invest at least €350,000 in a qualifying investment fund
    ● Capital transfer of at least €1,000,000 into a bank account
    ● Create at least ten jobs
    ● Invest at least €350,000 on the incorporation of a company or reinforce the share capital of an existing company through which you create or maintain at least five full-time jobs
    ● Invest at least €350,000 in research activities focused on science or technology
    ● Invest at least €250,000 to support arts or reconstructions of national heritage

  • Visa-Free Travel

    ● Golden Residence Permit allows travel to over 171 countries visa-free

  • Family Dependents

    ● Spouse
    ● Children under the age of 18
    ● Dependent adult children who are full-time students (under 26 years of age)
    ● Dependent parents
    ● Siblings under 18 years of age

  • Golden Visa /Passport Validity

    ● The Golden Visa is initially valid for one year, renewable after that for two-year periods. (maintain investment for five years)
    ● You can apply for permanent residence or a Portuguese passport after five years of temporary residence.

Golden Visa Portufal Infographic

2022 Portugal Golden Visa changes

The Portuguese Golden Visa program was updated on January 1, 2022.

The Application & Renewal Process

The initial application is now submitted online, including copies of the supporting documentation. After the request is approved by Serviço de Fronteiras e Estrangeiros (SEF), you will have to appear in person for an interview.

Initially, the interview would take place in the district where the investment was made. Nowadays, however, SEF will allow you to book the interview in any district of your choice. This change has helped reduce the waiting time overall, especially in the more popular districts such as Lisbon and Faro.

Usually, you complete the application through your lawyer, and it usually takes up to 2-3 months for pre-approval. It is technically possible to do everything on your own, but I wouldn’t recommend it.

Sometime after pre-approval, SEF will contact you with available dates to do your in-person biometrics appointment. As of January 2022, SEF is working through a backlog of applicants who were unable to secure appointments in the previous online booking system, so you may have to wait a few months to get an appointment scheduled. The good news is that the backlog has reportedly been shrinking fast, so I’d expect them to fully catch up already by spring 2022.

Year 1-2

Your residence card will allow you to live and work in Portugal, plus travel freely within the Schengen countries (you also need to bring your passport), without applying for any visas.
In the first two years, you must spend at least a total of fourteen days in Portugal.

To renew your residence permit and receive a new residence card, you need to go through a renewal application process between 30-90 days before your current residence card expires.

Year 3–4

Your new residence card is valid for two years. (There have been discussions to extend this to three years, but this may or may not pass.) During this period you need to be in Portugal for at least another total of 14 days (consecutive or non-consecutive).

Year 5+

After the fifth year, you can apply for permanent residency or citizenship (you can choose which one). If you don’t want to apply for either, you can continue renewing your Golden Visa every two years (at the end of year 6, year 8, and so on).

Country Information

Portugal boasts a rich and diverse culture, Mediterranean climate, and a safe and stable setting, which is an ideal location for raising families, conducting business or simply for travel. Investors find many opportunities in Portugal’s secure and fast-developing market with access to the entire Schengen zone. 

  • Portugal Is one of the oldest countries in Europe, located in the southwest of the Iberian Peninsula.
  • Portugal is a relatively small country of approximately 11 million people. It is safe and stable with a low crime rate, an ideal country for raising families, conducting business, studying, or travelling.
  • Portuguese Mediterranean climate is characterized by its mild winters and pleasant summers.
  • It is known for its rich historical and archaeological heritage.
  • Portugal offers many investment opportunities in the private and public sectors with its secure and fast-growing market with access to the entire Schengen zone.
  • Portuguese is the primary official language, but English is widely spoken.
  • The World’s and Europe’s leading destination by World Gold Awards.
  • Preferred and most welcoming nation for expats.

Portugal boasts a rich and diverse culture, Mediterranean climate, and a safe and stable setting, which is an ideal location for raising families, conducting business or simply for travel. Investors find many opportunities in Portugal’s secure and fast-developing market with access to the entire Schengen zone. 

  • Portugal Is one of the oldest countries in Europe, located in the southwest of the Iberian Peninsula.
  • Portugal is a relatively small country of approximately 11 million people. It is safe and stable with a low crime rate, an ideal country for raising families, conducting business, studying, or travelling.
  • Portuguese Mediterranean climate is characterized by its mild winters and pleasant summers.
  • It is known for its rich historical and archaeological heritage.
  • Portugal offers many investment opportunities in the private and public sectors with its secure and fast-growing market with access to the entire Schengen zone.
  • Portuguese is the primary official language, but English is widely spoken.
  • The World’s and Europe’s leading destination by World Gold Awards.
  • Preferred and most welcoming nation for expats.

Capital

Lisbon

Population

10,355,493

Currency

EUR

Government Type

Federal Parliamentary democracy

Exchange Rate

1 USD = 0.89 EUR

Language

Portuguese

Benefits

Process

● Portuguese Residence in 4-6 months
● Portugal allows dual citizenship. No need to renounce your current citizenship.
● No long-term residency requirement (First year, seven days and 14 days for two-year periods after that)
● No Interview, language skills, education or management experience is required.
● Include spouse and dependent children and parents in one application

Global Mobility

● Portugal Golden visa allows you to travel visa-free within the entire Schengen Area.
● Apply for Citizenship after 5 years.
● Travel visa-free or visa on arrival to over 170 countries worldwide.

Tax Benefits

● If you reside less than 6 months out of the year in Portugal, you are considered a non-tax resident; as a result, you will only pay taxes on income gained in Portugal.
● Double tax treaties with 80 countries (ensuring that you only pay taxes in Portugal or the other countries but not in both).
● No inheritance tax in Portugal.
● Benefit from a favourable tax regime for the first 10 years.

Real Estate Investment Options

  • Investors have a variety of real estate options to explore. Either by purchasing a residential property or becoming a co-owner of a commercial, large-scale project for refurbishment. With either option, applicants are eligible for Portugal’s Golden Visa.
  • Benefits of co-ownership in large scale projects include:
    o Guaranteed annual rental return, starting on the first day of property operation.
    o Easy and Flexible exit strategy.
    o 7 days stay per year.
    o 100% of investment funds refunded to applicant after obtaining citizenship through Portugal Golden Visa Program (5 years).

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