BACKGROUND
Commenced in 2012, the programme has proven to be one of the most popular Golden Visa programmes in Europe with over €5.63bn invested and more than 9,300 investors and qualifying members benefiting.
The programme is available to anyone who is not a Portuguese, EU or EFTA citizen. You must maintain your investment for at least five years and stay in Portugal for seven days per year until you apply for full citizenship or residency.
You are not required to become a Portuguese tax resident if you apply, however it could be advantageous to become a tax resident through the Non-Habitual Residential tax scheme (NHR) significantly reducing your taxes during the first 10 years of residency.
KEY BENEFITS
Instant free travel across all 27 Schengen countries
Right to a Portuguese Passport and EU residency after five years
Minimum real estate investment of €500,000
Access to Portuguese education and healthcare
Only one application for the investor and direct family
The process normally takes four-six months to receive residency cards, allowing applicants to work,live and study in Portugal
No relocation required (low requirement for staying in the country during and after the application process)
Application process can be managed remotely through local representative
HOW TO APPLY
Purchase a property (minimum €500,000), obtain a Portuguese tax number (NIF), open a bank account and complete necessary documentation (powers of attorney, investment declarations, etc)
Submit all your documents online - a valid passport, property documentation, valid medical insurance, tax numbers from your country of residence and Portugal, criminal record
Present the proof of transfer of funds - and a declaration confirming compliance with the visa’s investment requirements
Book an appointment with the immigration authorities (SEF) to obtain final answer/approval – up to six months
Obtain a temporary residency card - up to one month after approval
Application process can be managed remotely through local representative
HOW MUCH DOES IT COST
The initial application fee costs €533 per applicant
First Residency application, all applicants will pay €5,325
Two further renewals cost €2,663 per applicant.
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