The Golden Visa Program of Portugal has been one of the most renowned investment programs globally, especially in Europe.
It was first introduced in the year 2012. People in great numbers found the program very beneficial. Therefore, they have been moving towards Portugal with utmost interest and starting to settle down.
The Portugal Golden Visa Program is a residency program for five years permitted when a non-EU national does investment. This program is also known as the Residence Permit Program.
With this residence permit, a qualifying investor and his/her family members can live, work, and even study in Portugal. It also allows them free movements in Europe’s Schengen Area. Other than that, they can be eligible for citizenship after five years with minimal requirement of an average of seven days per year stay in Portugal over this period.
The validation of this program is for a period of one year after issue and renewable for two following periods of two years. It requires at least four trips to Portugal during the five-year period – two times during the starting period and at each renewal (First and the third year). Initially, the visit is to choose the investment option, start the legal process, and provide the necessary data.
Anyone EXCEPT Portuguese and EU/EFTA citizens can apply for this Golden Visa. They have to complete a suitable investment in Portugal and maintain it for a minimum period of five years.
For this investment, the investors have the choice to proceed as an individual. And also, they can take help from a legal organization. No matter what option they choose, they need to meet undeniable requirements to qualify.
There are few steps to proceed with the application –
The investment options for the visa are –
Nevertheless, amounts are reduced for investments in low-density areas.
Due to the COVID-19 pandemic, some changes are being made towards the Portugal Golden Visa. This will be executed from 1 January 2022.
Basically, the golden visa application is relatively straightforward. You need to grip the procedure, get going with the requirements, and voila!
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