Golden Residence Permit Program in Portugal
Portuguese residence permits via investment for non-EU nationals provide an opportunity to obtain residence status, and contribute towards eligibility for a citizenship application after six years as a resident.
Previously, residence was granted where investments were made into Portugal in one of the following forms:
i) The purchase of real estate of EUR 500,000 or more.
ii) Capital investment of at least EUR 1 million to a Portuguese bank account or flexible investment.
iii) The creation of at least 10 jobs in Portugal.
In September 2015, four new qualifying options were introduced.
The new options for Capital Investment are:
i) The transfer of funds of at least EUR 350,000 to be applied to research activities carried out by entities which are part of the national scientific and technological system.
ii) The transfer of funds of at least EUR 250,000 to be applied in investment or support for artistic production, or the recovery or maintenance of national cultural heritage.
iii) The transfer of funds of at least EUR 500,000 for the acquisition of units in investment or venture capital funds for the capitalization of small and medium size companies.
The new option for Property Acquisition is:
iv) The purchase of a property for the minimum amount of EUR 350,000 for the purpose of refurbishing it, for properties that were constructed more than 30 years ago or are located in areas of urban regeneration. The EUR 350,000 threshold includes not only the property’s price but also the investment in the refurbishment works.
There are minimum residency requirements in order to qualify for the renewal of the Golden Residence Permit. However, these are very modest: seven days during the first year of residence in order to be entitled to the first renewal, and 14 days over the two subsequent two year periods necessary for renewals.
Portugal Golden Visa / Why you should invest in Portugal via us:
Golden Visa Portugal with €500,000 property investment.
We are the only company in the market who operates this scheme with very clear procedure. We provide the full services of buying a property in Portugal and gaining your EU (Schengen) Visa and Citizenship in Portugal, Europe. Many companies do advertise this scheme but they do not offer the properties in advance whereas, we offer the legal advice, telephone interviews, email confirmation, airport pick-up & drop off service and assistance in the process of living in Portugal for you and family.
The Portugal Golden Visa program has proven to be the most popular scheme in Europe with investors attracted to its flexibility and benefits. Launched in 2012 the investor visa program has been actively promoted internationally by the Portuguese government. An investment of €500,000 in real estate in Portugal will gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.
Permanent Residency and Citizenship
One of the most attractive options is that to apply for permanent residency after 5 years and citizenship after 6 years without the need to reside in Portugal. You may even get your EU Passport after 8 years of your residency. Please note that terms and conditions apply! In fact, the applicant and their family need only visit for two weeks every two years in order to renew the Portuguese Golden Visa. Citizenship of Portugal and a second passport conveys the right to live, work and study anywhere in the European Union.
Basics of how to get a Golden Visa in Portugal:
- Investment of €500,000 or less
- Full family residency including couples’ mother and father
- No requirement to reside (you would only need to stay in two weeks in the country)
- Buy and Rent
- Permanent Residency from 5 years
- Citizenship from 6 years
- Passports from 8 years*
- Sell your property after your full citizenship
- EU Schengen visa travel
- Full Residency Rights including Schools in Portugal
The property market in Portugal had suffered from the credit crisis in Europe between 2010 and 2014. This recession has caused 20-30% loss in the property market which is the right time to invest in Portugal now as the property market has been recovering speedily since 2014. We highly recommend investing in Lisbon Region where you may get really good rental income and increases in value of the properties. Investors buying into the real estate market in Portugal for the Golden Visa now have excellent prospects for capital gain in the coming years.
Other Golden Visa Programs via Keyholders International Property Group
Portugal is not the only country in Europe offering a golden visa program leading to a residence permit through real estate investment. Visit our pages on Spain and Greece to compare the immigration investment requirements and benefits of their golden visa residency programs. We are also able to offer this service in Cyprus. Please contact us for further information.