Guide to Portugal's Golden Visa

The Portugal Golden Visa is an immigrant investor program by the government of Portugal that grants residency in Portugal to people who invest in properties worth at least €500,000 or create 10 jobs in Portugal.

Portugal is part of the European Union, Euro Zone and Schengen area. With a stable political and social environment, this coastal nation offers a favourable investment climate alongside its highly skilled and English fluent labour force community.

One of the many things great about the Portugal government is that they provide none EU citizens with an attractive and regulated way to attain EU citizenship. 

We present to you: The Portugal Golden Visa. Nominated by Forbes as one of the best residency programmes to invest in, this initiative successfully paved the way for over 10 thousand families to gain residency in Portugal and citizenship in 5 years.

This allows individuals in families, expatriates, students, and others to attain EU citizenship among 26 countries within Schengen areas. 

What’s so great about this Forbes nominated programme, you may ask? Here’s a breakdown of what’s in store for you should you wish to apply!

What are the Benefits of Portugal Golden Visa Programme?  

1. Member of the EU Nation
   -  This offers you the right to live and work in all 27 countries of the EU and Portugal citizenship.
2. Minimum residency requirements if you are not ready to permanently move.
3. One application for all; only one application is required for family (including your spouse, children, parents and in-laws) by applying for Portugal’s “family reunion”.
4. Family reunification of up to 3 generations; applying for permanent residence or Portuguese citizenship after 5 years
5. Visa exemption for travelling within the Schengen Area
6. Visa-free travel to more than 180 countries. 
7. Residents are given free access to healthcare and education in any 27 EU countries.
8. Easy application for citizenship and permanent residency after holding the Golden Visa for 5 years.
9. Low investment thresholds from €280,000.
10. Real estate investment is allowed; to provide rental income and potential capital gains under the Favourable Tax Scheme.

Who Can Apply?  

Any non-EU citizens that fulfil the following requirements:  

1. Individuals over the age of 18
2. Contribute a significant number of investments that is beneficial to the Portuguese economy
3. Have no history of criminal records
4. Must own the money you seek to invest
5. Commit to maintaining the investment for at least 5 years

That said, this programme is subjected to the following conditions:

1. You must maintain the investment for a minimum period of 5 years
2. Ensure funds for the investment come from abroad; no breaches or references in the Portuguese immigration and the Schengen services.
3. Absence of conviction of crime both in Portugal and home country
4. Minimum stay of 14 days for the first 2 years, another 14 days for the third and fourth years, and 7 days for the fifth year.

Latest Portugal Golden Visa Changes

With the President of Portugal passing a bill to encourage more housing, Portugal's Golden Visa program is undergoing a reform. As part of these changes, the revamped Golden Visa rules prohibit real estate investment.

Let's explore alternative investment options for those seeking a Golden Visa:

1. Create at least 10 job positions.
2. Invest €500,000 or more in research activities by scientific institutions.
3. Invest €250,000 or more in supporting cultural heritage, arts, or research.
4. Invest €500,000 or more in investment funds or venture capital funds.
5. Invest €500,000 or more in a local company, creating jobs or maintaining existing ones for three years.

Conclusion

In conclusion, the latest Golden Visa program marks a significant shift by prohibiting all forms of real estate investment, whether direct or indirect.

This change challenges prospective investors to explore alternative avenues for securing their Golden Visa in Portugal.

Portugal's Golden Visa program remains open to those who are adaptable and keen to embrace these changes as they embark on their journey toward Portuguese residency or citizenship.

Don't hesitate to take the next step and explore these exciting opportunities today!

Contributed by: Desmond Ang

Founder and Managing Director of Global Migration, Desmond has established a migration agency based on his enthusiasm for helping people migrate to their dream destination. He specialises in Business migration and Investment migration for Australia, New Zealand and Portugal for the past 16 years. 

Desmond is also a member of ACCA, CA, CIA, and IMC and was trained as a Chartered Accountant with PWC and International listed companies as a Regional Internal Auditor before venturing into the migration industry.  

His success has gained him one of the Top 25 Migration Agency CEO globally by Uglobal magazine.

To Find Out More  

Website: globalmigrationsolutions.com 

Email: enquiry@globalmigrationsolutions.com  

+6010 229 2114 (mobile)  

+603 2714 5833 (office)

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