Portugal, officially known as the Portuguese Republic, is a southwestern European Country that shares a lot of geographic and cultural commonalities with both Europe and the Mediterranean. Portugal is a member of the EU and Europe’s Schengen Area. It is well-known for its Portugal golden visa, high level of security, breathtaking views, exceptional cuisine, and Mediterranean climate making it a popular tourist destination, as well as to many investors a home away from home. Portuguese is the official language, but English is also widely spoken.
In 2012, Portugal established the Portuguese Golden Visa Program through real estate investment, which became one of the most sought-after Residency by Investment Programs worldwide. Portugal Residence Program permits non-European citizens to live, work and study in Portugal. The program has a quick processing time of six months, and a low minimum residency requirement of only seven days a year or fourteen days every two years.
Investors and high-net-worth families can travel freely without a visa to all European Countries in the Schengen zone once they obtain residency permit. Investors will also be able to register and operate businesses in Portugal and Europe giving them access to a wider market and a more expansive professional network.
As for dependent applicants, investor will be able to add spouse and family under the same Golden Visa application without having to make an additional investment. At that point, all family members will obtain the benefits of being European residents including living in a safe and stable country, access to high quality of life, and taking advantage of excellent education and healthcare services.
Portugal Residency by Investment program is a pathway to the Portuguese dual Citizenship as investors and their families have the choice to apply for citizenship five years after initial investment is made.
The applicant purchases a commercial approved real estate in Portugal with a minimum investment amount of EUR 280,000 or EUR 350,000 in all areas of Portugal.
Bluemina offers a package investment for six years which includes the below:
• Renewal fees at second and fourth year.• Residency application fees at second and fourth year.• Bank account maintenance fees yearly for a period of six years.• Tax fees.• Golden Visa cards issuance for a period of six years.• VAT and municipal Tax.• Legal fees.• Notary costs.
The golden visa program was initially established in 2012 under the Order Number 1661-A/2013 “GOLDEN RESIDENCE PERMIT”. The law states the golden visa permit is allocated to an investment of €500,000 in a new real estate. In 2015, the program was revised (Act 63/2015), allowing real estate property investment to be €350,000 in an estate that is at least thirty years old.
Portugal's Golden Visa Residency can be obtained in six months