Portugal Golden Visa Program permits non-European citizens to reside in Portugal in exchange for a real estate investment. The amount of investment is reasonable compared to other European Residency Programs. However, investment amount varies according property’s location; the closer it is to central cities, the more expensive it gets.
Portugal, officially known as Portuguese Republic, is a southwestern European Country that shares a lot of geographic and cultural commonalities with both Europe and the Mediterranean. In 2012, Portugal established the Portuguese Golden Visa Program, Portugal Golden Residence Permit Program, to become one of the most sought-after Residency by Investment Programs worldwide.
Portugal Golden Visa program has a quick processing time of4 to 6 months, and a low minimum residency requirement of only 7 days a year inthe first year after residency permit is obtained, and 14 days throughout thetwo years that follow.
Investors 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 addspouse and family under the same Golden Visa application without having to makean additional investment. At that point, all family members will reap thebenefits of being European residents including living in a safe and stablecountry, access to high quality of life, and taking advantage of excellenteducation and healthcare services.
Portugal Residency by Investment program is a pathway to thePortuguese Citizenship as investors have the choice to apply for citizenship 6years after initial investment is made.
The Golden Visa applicant purchases a government-approved real estate property in Portugal with
a minimum investment of €500,000 and maintains it for 5 years.
The applicant may opt for purchasing a property in Portugal for the value of €350,000
where the property is either at least 30 years old or located in an urban renewal area.
Applicants can benefit from annual rental return.
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 30 years old.