Portugal Residence By Investment
What is the Golden Residence Permit Program for Portugal?
Golden Residence Permit Program for Portugal is a five year investment based residence process for non-EU nationals, which allows free circulation in the Schengen area of 26 states
What are the conditions of application for the Golden Residence Permit Program?
Main application condition for the Golden Residence Permit Program of Portugal is the proof of the qualifying investment. Within this context, following investments are considered as qualifying for the application to the Golden Residence Permit Program:
- The transfer of capital with a minimum value of €1 million EUR,
- The acquisition of real estate for refurbishment located in spesific areas with a minimum value of €350,000 EUR or purchase of any other kind of real estate with a minimum value of €500,000 EUR
- €250,000 EUR donation to artistic and national cultural heritage institutions,
Apart from the abovementioned investment requirements, the applicant shall submit all documents required for the application.
How long does the process take?
Application process for Golden Residence Permit Program takes approximately 3 to 8 months.
What are the advantages of this Program?
Key advantages of this residency program are;
- It requires a total of only 35 days stay in Portugal during the five year period.
- Holders of this residence permit are entitled to enter not only Portugal, but also all other Schengen area countries
- Investors have a wide range of investment choices
- Holders of this residence permit are eligible to apply for citizenship after six years of residence
Ketenci&Ketenci is a leading international law firm advising on global citizenship. Please contact us for further details and queries to apply for Portugal Golden Visa and to obtain Portugal Citizenship.
FREQUENTLY ASKED QUESTIONS IN RELATION TO PORTUGAL & PORTUGUESE GOLDEN VISA SCHEME
Why choose Portugal?
Though Portugal is in European continent, its mixed, warm and tolerant culture will make you feel safe and happy with your family. Besides, thanks to its rising economy, it has many business advantages within.
Do I have to travel to Portugal during Residence Permit procedures?
Yes, applicants must fulfill the minimum stay requirements as seven days for the first year and 14 days for following two-year periods.
What are the visa-free travel opportunities for citizens of Portugal?
Owners of Portugal’s passport benefit from Visa Free Travel to over 185 countries, including Hong Kong, US, United Kingdom, Switzerland and EU Countries.
Is Portugal considered a tax haven for investors plan for applying to its Golden Visa Programme?
Although Portugal cannot be defined as a tax haven, there are many advantageous tax cuts and business opportunities for investors thanks to non-habitual tax residency structure of Portugal.
Is it possible for two or more different investors to get Portuguese Golden Visa depending on a single real estate?
Yes, this might be an option. Property Investment which is requested by Portugal has been specified as at least EUR 280.000 per main applicant. Therefore each main applicant must to invest at least such a price, in order to obtain EU Residency and eventually, Portuguese Citizenship.
Is there any official law which stipulates the Portugal Golden Visa Program?
Yes. While Law No.23/2007 sets the main ground for Portuguese Citizenship matters, especially Ordinance No. 305-A / 2012 puts forward terms and conditions related to Portugal Golden Visa Program, which provides several investment options in order for investors to become Residents or Citizens of Portugal, depending on their preference.
Do you offer real estate options from Portugal?
Yes. As Ketenci&Ketenci, we work closely with carefully selected developers in Portugal having projects and properties in different parts of the country offering high ROIs and rental incomes.
How many family members can apply for residency along with the Main Applicant?
Spouse and dependent children can also apply with the main applicant.
Is there any language requirement to apply for Portuguese Residency?
No, applicants do not have to take any language test to apply for Residency of Portugal.