The Portugal Golden Visa is a golden visa program by the government of Portugal that grants residency in Portugal to people who invest in properties worth at least €500,000 or create 10 jobs in Portugal.. While the golden visa application is relatively straightforward, there are quite a few steps to take toward a successful application. To qualify for the program, you must fulfil the following Golden Visa requirements for Portugal: Global Citizen Solutions is a boutique consultancy firm with years of experience delivering bespoke residence and citizenship-by-investment solutions for international families. The Portugal Golden Visa processing times usually takes anywhere from three to six months for approval and issuance of your residence card. Any non-EU/EFTA national can apply for a golden visa in Portugal. Must incorporate or increase the share capital and create at least 5 full-time permanent jobs for at least 3 years, The most economical investment route for the scheme is to make a €280K investment in the, rehabilitation of real estate in low-density areas. Also, the documents must be submitted by Golden Visa applicants both for the initial application and for each renewal. From its mesmerizing Atlantic coastline and luscious landscapes to its year-round sunshine, Portugal’s charm is irresistible. Investors for the Portugal Golden Visa can also obtain a European passport in just five years, whereas investors for the Spanish Golden Visa must wait ten years. Golden Visa Portugal: requirements for a Portuguese golden visa, Capital transfer of at least €1 million into Portugal, Creation of at least 10 job positions in Portugal, Purchase property in Portugal worth at least €500,000, Acquire real estate in Portuguese urban regeneration areas at least 30 years old to the value of at least €350,000, Investing at least €350,000 in scientific research in Portugal, Investments of €250,000 or more in Portuguese arts, culture, and heritage, Investing at least €500,000 in small- and medium-sized businesses in Portugal, live and work in Portugal, provided they reside in Portugal for a minimum of seven days in the first year of residence and 14 days in each subsequent year, gain visa-free entry to the entire Schengen Area, apply for a family reunion, meaning certain family members can also get Portuguese residency, passport or valid identification document, proof of legal entry into Portugal (e.g., Schengen short-stay visa), proof of health insurance (issued within the last three months), criminal record certificate from country of origin/residence (issued within the last three months), evidence of compliance with tax and social security obligations, receipt of payment of the Portuguese golden visa fees, a bank statement for financial investment, deeds of purchase for real estate investment, Processing fee (application and renewal): €514.80 (plus €80.20 per family member), Initial golden visa for family members: €5,147.80, full-age dependent children who are studying, dependent parents of either the golden visa holder or spouse, minor dependent siblings who are under the guardianship of the golden visa holder. You must fit at least one of the following categories to claim Portuguese residency by investment: Portugal’s investor visa covers shareholders of companies already set up in Portugal or in another EU state with a stable residence in Portugal and tax obligations fulfilled. Note that the certificates of criminal records or police clearance letters must have been issued no more than 90 days before submitting your application. Portugal’s stable and dynamic economy and exciting startup scene make it an ideal destination for businesses looking to set up EU operations. https://www.expatica.com/pt/moving/visas/golden-visa-portugal-1042263 These include investors only getting taxed on their worldwide income if they reside in Portugal for more than 183 days in any given year. Types of income that may qualify under the NHR program include: Additionally, any Portuguese-sourced income would be taxed at a flat rate of 20% during the first ten years and there is also the ability to pass on your wealth to a spouse or dependent without incurring inheritance or gift taxes. The visa is also commonly referred to as the Resident Permit for Investment, as it fast-tracks Portuguese residency at a cost. The investment established for the golden visa has to be maintained for a minimum of five years from the date when the Portuguese golden visa is established. Obtain a European Residency by investing in Portugal. Applicants must also provide evidence of their investment, such as: To renew a Portuguese golden visa, applicants may need to provide evidence that they’ve complied with the minimum stay requirements during the period. Once your Golden Visa is issued, your residence card is valid for 2 years. We can simplify access to property investments, provide local insights, help with legal assistance, tax planning, and more—all while ensuring efficient, personalized, and confidential service. Since the launch of the golden visa program in 2012, more than 4,200 Portuguese golden visas have been given out, representing an injection of more than €2.5 billion into the Portuguese economy. Find out more in our complete guide to Portugal’s Non-Habitual Resident Tax Regime and the Portugal Golden Visa tax benefits. This can be done by us remotely. Golden Visa Portugal documents required list: Copy of a valid passport and travel documents, Deed or contract of the purchased property or signed promissory contract with proof of the deposit payment, Declaration from your bank in Portugal confirming the transfer of funds, Certified copy of the criminal certificate or a Police clearance letter from your country of origin, A completed form authorizing SEF to get an extract of your Portuguese criminal records, Declaration from you confirming compliance with the investment requirements, Documents showing a good standing with the Portuguese Tax and Customs Authority and Social Security system. Read more about the Portugal Golden Visa mortgage requirements here. In year one, you must spend at least seven days in Portugal and in years two through to five, you must spend at least 14 days in Portugal (whether or not they’re consecutive during each two-year period). For Cyprus, you can get a passport in a year, provided that you make a qualifying investment worth €2.0 million in real estate first, plus a donation of €75,000 to the Governments Research and Development fund and €75,000  to the Land Development Organisation. This site uses functional cookies and external scripts to improve your experience. And why are non-EU citizens applying in the hundreds? The test, called The CIPLE Portuguese proficiency test, checks to see if you have a basic understanding of the Portuguese language. NOTE: These settings will only apply to the browser and device you are currently using. Portugal is increasingly becoming a top choice for foreign investors and our specialized team will help you become one of them. The golden visa in Portugal is designed to encourage investment from non-EU/EFTA nationals. The test, called The CIPLE Portuguese proficiency test, checks to see if you have a basic understanding of the Portuguese language. The Golden Visa Fund Investment is also obliged to invest at least 60% into companies which have their head office in Portugal. Over 92% applicants seek this investment route. From July next year, these fast track visas that have seen well over five billion euros ploughed into the economy since 2012 will only be available to investment within Portugal… You must have a clean criminal background, make the qualifying investment and hold it for five years, as well as fulfill the stay requirement. The main benefits of the Portuguese Golden Visa program in comparison to the Spanish one is that investments can be made for a lower amount, starting from €280K. Processing time for a Portuguese golden visa is typically several months. Expect to spend anywhere between €260K onwards (investment included, depending on investment route). Het Golden Visa programma van Portugal werd in 2012 in het leven geroepen om meer buitenlandse investeringen aan te trekken. 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