Golden Visa in Portugal: Everything You Need to Know
Portugal’s Golden Visa program is an investment-based residency program that has gained popularity in recent years among foreign investors seeking a pathway to European residency. Under the program, non-EU citizens can obtain a Portuguese residency permit by investing in the country. In this article, we will provide you with all the information you need to know about the Golden Visa program in Portugal.
Table of Contents
What is the Golden Visa Program in Portugal?
Portugal launched the Golden Visa program in 2012 with the aim of attracting foreign investors to the country. The program allows non-EU citizens to obtain a residency permit in Portugal by investing in real estate, creating jobs, or making a capital transfer to a Portuguese bank account. The program has been successful in attracting foreign investors, with more than 9,000 visas issued since its inception.
What are the Requirements?
The requirements for obtaining a Golden Visa in Portugal depend on the type of investment made. The most popular investment options include:
To qualify for the Golden Visa program, investors are required to make a minimum investment of €500,000 in Portuguese real estate. Investors can make this investment in one or more properties, and they can also choose to rent out the property for income.
- Capital Transfer: A minimum investment of €1 million in a Portuguese bank account is required to qualify for the Golden Visa program.
- Job Creation: Creating a minimum of ten jobs in Portugal can also qualify an investor for this Visa program.
What are the Benefits of the Visa Program in Portugal?
The Golden Visa program in Portugal provides several benefits to investors, including:
- Residency in Portugal: The program provides a pathway to Portuguese residency and, after five years of residency, investors can apply for Portuguese citizenship.
- Schengen Area Travel: With a Portuguese residency permit, investors can travel visa-free within the Schengen Area, which includes 26 European countries.
- Family Inclusion: Investors can include their family members, such as spouses and children, in their Golden Visa application.
- Tax Benefits: Portugal has a favorable tax system for non-habitual residents, providing tax exemptions for foreign-sourced income.
- Real Estate Investment: Portugal has a stable and growing real estate market, making it an attractive investment destination.
How to Apply for the Golden Visa Program in Portugal?
The application process for the Golden Visa program in Portugal can be completed online or through an authorized agent. The process involves submitting the required documents, including proof of investment and criminal background checks, and attending an interview at a Portuguese consulate.
In Conclusion
Portugal’s Golden Visa program has gained immense popularity as a pathway for foreign investors seeking European residency. The program was introduced in 2012 with the aim of attracting foreign investment to Portugal and has since become a desirable option for investors from around the world. The program provides investors with a range of benefits, including the ability to live and work in Portugal and travel throughout the Schengen area without any additional visas. With its stable real estate market, tax benefits, and favorable travel options, Portugal provides an excellent investment opportunity for those looking to relocate to Europe. However, it is essential to consider all the requirements and consult with a professional to ensure that the investment meets the program’s criteria.
