After five years, you and your immediate family gain citizenship in Portugal also giving you the freedom to travel around Europe. Additionally, as the Algarve is classified as a low-density area, foreign investors can obtain the Golden Visa for as little as 400,000€. Who can get a golden visa in Portugal? All rights reserved. GOLDEN VISA can help businessmen and investors wishing to gain a foothold in the lucrative European Economic Community Schengen area through Portugal’s new “Golden Visa ” opportunity.. With the simple investment of a minimum €500,000 ($685,000) to purchase a Portuguese property we can facilitate immediate access to those markets across the European Economic Community. Portugal Golden Visa Golden Visas will still be available, but only outside Lisbon, Porto and the coastline (Starting July 1st, 2021 Limits on the granting of residence permits, which aim to channel investment inland, will have a transition period that will last until 2022. Which cookies and scripts are used and how they impact your visit is specified on the left. Range of investment routes to pick. The Golden Visa Portugal September 2020 Update In August, the investment resulting from the granting of a Residence Permit for Investment (ARI) reached 57,694,424.11 euros, which represents a 30% decrease compared to the same month of 2019 (82.5 million euros). The processing time is relatively quick and straightforward. It does not grant citizenship directly. Golden Visa Portugal fees. Note that the certificates of criminal records or police clearance letters must have been issued no more than 90 days before submitting your application. Spend a minimum of seven days in Portugal for the first year, then no less than 14 days each subsequent two-year period (this is called the stay requirement), In order to obtain the tax identification, Generate 10 new jobs for a Portuguese business or single-member company (reduced to 8 positions if in low-density area), Portugal Golden Visa €350K real estate investment in rehabilitation project (reduced to €280K if located in a low-density area), €250K investment into preserving national heritage, €350K investment in an existing Portuguese business. For all other certificates, it is 180 days. The golden visa can absolutely get you citizenship. This is the most common way to finance the purchase of a property in Portugal. With your Portugal Golden Visa, you must renew your permit in year one and year three as well as spend a few days in Portugal each year. The Portugal Golden Visa requirements are straightforward. Opportunities to become a permanent resident or citizen is possible, provided that the qualifying investment is kept for at least five years. Along with the Portuguese golden visa application, you will need to submit the following documents: In addition to this, applicants need to show a commitment to maintaining their investment for a minimum of five years. 1 – Onboarding : Once you decide on your investment, you must collect the paperwork for yourself and any dependents you’ll be including in the application. Portugal vs Spain golden visa: which is better? The test, called The CIPLE Portuguese proficiency test, checks to see if you have a basic understanding of the Portuguese language. This site uses functional cookies and external scripts to improve your experience. QUALIFYING INVESTMENTS. From an ongoing COVID-19 pandemic to Portugal Golden Visa changes, it’s important to stay informed. However, after 5 years of compliance with the regulations, investors may apply for naturalization. Online pre-registration is required. Disclaimer: Fees can change, depending on the Portuguese government. 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. Expect to spend anywhere between €260K onwards (investment included, depending on investment route). 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. You must have a clean criminal background, make the qualifying investment and hold it for five years, as well as fulfill the stay requirement. Expatica uses technology such as cookies and scripts to personalize content and ads, provide social media features, and analyze our traffic. This is a fantastic option as it’ll allow you to then directly benefit from Portugal’s, Capital gains from the disposal of real estate, Business and self-employment profits derived from eligible occupations (but be mindful of relevant double taxation agreements). The following Golden Visa Portugal documents required can change at the discretion of the Portuguese government. investment is kept for at least five years. Expatica helps make your expat journey the experience you've always wanted. In line with general requirements for all residents, Portuguese golden visa holders can apply for permanent residence in Portugal after five years of residence; they can apply for Portuguese citizenship after six years of residence. 3 – Make the investment: We can begin securing your investment, and will guide you through the necessary paperwork required to ensure a successful investment. The golden visa grants qualifying investors and their family members the right to live, work and study in Portugal and permits free movement in Europe’s Schengen Area. Investors will be unable to buy property worth €500K in urban centers of Portugal including the Algarve, Lisbon and Porto. We now accept cryptocurrency as payment for our services through the portal Coingate. We can ensure the correct paperwork is in order, and we’ll submit it for review. Almost a year since they were first mooted, changes to Portugal’s lucrative golden visa investment programme have been approved. After obtaining your NIF, we can help you open a bank account in Portugal. The most economical investment route for the scheme is to make a €280K investment in the rehabilitation of real estate in low-density areas. The Golden Visa scheme brings 700 million euros every year plus contributes 85 million in revenue for the State in direct taxes – APPII. The Portugal Golden Visa business investment option offers investors the opportunity to generate ten jobs for a Portuguese business or single-member company. They are also eligible for permanent residence after five years and Portuguese citizenship after six. The scheme began in 2012, and by May 2020 has been credited with investments of over 5.2 billion euros from over 20,000 persons (8,736 investors and 14,936 family members),. Since the program’s inception in 2012, over 20,000 Golden Visas have been awarded to families from across the world, and over €4 billion in funds have been raised, making it a globally popular immigrant investor program. Portugal’s Golden Visa income tax benefits are a big draw for foreign investors looking to get the most out of their financial contribution. After five years, golden visa holders can then apply for permanent residence in Portugal; after six years, they can apply for Portuguese citizenship. In addition, Portuguese investor visa holders are exempt from paying tax on worldwide income if they live in Portugal for less than 183 days per tax year. The Portugal golden visa scheme is the main driving engine of real estate sector, which represents 15% of the national GDP. These include investors only getting taxed on their worldwide income if they reside in Portugal for more than 183 days in any given year. This guide explains requirements for a Portuguese golden visa, plus details on Portugal’s golden visa program and Portuguese citizenship by investment. Speak to one of our Portugal Golden Visa Consultants so we can understand your objectives and help you move forward. The Portugal Golden Visa cost is as follows: Note: Depending on the type of investment you wish to make additional fees may apply. Portugal Golden Visa allows you and your family to become European citizens in five years. Golden Visa Portugal is considered to be one of the most attractive routes to obtain residence, and then citizenship in Europe. Portugal Looks to Cut ‘Golden Visa’ Incentives for Foreign Property Buyers By . The Golden Visa Program launched by the Portuguese Authorities is a fast track for citizens from non-EU countries to obtain a fully valid residency permit in Portugal (“Golden Visa”). 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.