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The Portugal Golden Residence Permit Program

The Portugal Golden Residence Permit Program (commonly known as the Portugal Golden Visa Program) is a five-year residence by investment program for non-EU nationals. 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.

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A Complex Process

Laws are subject to continuous revision, making them increasingly complex. Legal procedures can be daunting for applicants who are not familiar with these processes

The use of an experienced specialist will significantly increase the chances of obtaining the Spanish residency. In most cases, the use of separated advicer makes the difference between success or denial of the residency.

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Benefits of a Portuguese golden visa

Visa-free travel in Europe’s Schengen Area and the right to live, work, and study in Portugal

Eligibility to apply for citizenship after five years as a legal resident while keeping other citizenship(s)

Low physical presence requirement (seven days during the first year of residence and 14 days for the two subsequent years, which can count towards citizenship eligibility after five years)

Excellent international and Portuguese schools and universities.International quality healthcare clinics and hospitals

High quality of life, local cuisine and wines, rich culture, mild climate, and a high level of security

Allows the investor's family members to simultaneously benefit from this form of residency. These family members would be a spouse or unmarried partner, economically dependent children of any age (children over 18 must be full-time students), and economically dependent parents of the main applicant and/or their spouse who are 65 years of age or older.

The time to obtain the passport starts from the moment the residency documentation is submitted.

Portugal Golden Visa Requirements

On the 4th of July, 2023, changes have been enacted into law 23/2007 restricting investment activities.. Now applicants can choose any one option in any one of the following categories:

a-EUR 500,000 for the acquisition of investment fund or venture capital fund units committed to the capitalization of companies incorporated under the Portuguese law, with a maturity of at least five years and with at least 60% of the investment portfolio in companies with a registered office in the national territory (real estate entities do not apply)

b-EUR 500,000 for research activities of public or private entities that are part of the national scientific and technological system

c-EUR 250,000 in support of artistic production or in the recovery or maintenance of national cultural heritage

One of the following options:

a-Creation of a minimum of ten new jobs: Eight new jobs in a low population density area*.

b-EUR 500,000 for the incorporation of a commercial company that is registered and headquartered in Portugal, creating a minimum of five permanent jobs for a period of three years (or for the increase of the share capital of a company already incorporated and headquartered in Portugal, creating at least five permanent jobs or maintaining at least ten jobs for three years).

*A low population density area is defined as less than 100 inhabitants per km² or with a GDP per capita below 75% of the national average.

The forementioned investment activities cannot aim directly or indirectly at real estate investments.

Procedures and time frame of the Portugal golden visa

After the residence permit has been received, the client will need to provide biometric data and updated original documents at each renewal. The first permit is usually issued for two years. Thereafter, the permit may be renewable for two subsequent periods of two years.

The Portugal Golden Residence Permit Program requires the main applicant to make two trips to Portugal during the application period:
1-To choose the qualifying investment, start the legal process, and open a bank account
2-After the residence permit has been received, to provide the biometric data and original documents
The process to acquire a Portuguese residence permit through investment takes over 18 months.

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Necessary documents :

  • Passport or other identity document
  • Proof of legal entry into Portugal (e.g., Schengen short-stay visa)
  • Health insurance
  • Criminal record
  • Visa application form
  • Evidence that justifies the possession of sufficient funds by the applicant and his family members during the stay in the country
  • Documents that certify the investment, such as a bank statement for financial investment or employment contracts for job creation,
  • Evidence of compliance with tax and social security obligations
  • Receipt of payment of the Portuguese golden visa fees
  • In addition to this, applicants need to show a commitment to maintaining their investment for a minimum of five years.

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