Portugal
Global Citizenship by Investing
Simplicity of Residency Requirements
- 20
Speed of obtaining passport/residency
- 50
Inclusion of dependants in the application
- 30
Powerfullnes of the passport
- 90
Cost per family member during application
- 80
Income Tax Benefits
- 10
Value for money of passport vs time to obtain it
- 60
* 0 means Worst, 100 means Best
Portugal is an EU member country and part of the EU Schengen states.
The Portuguese government has offered an investment immigration program for foreigners interested to live and/or work in the country. The program was introduced since 2012.
Also known as “Golden Visa” or “ARI“ is the Portugal program for a residence permit based on a real estate investment in the country. This program allows the investor to live and work in Portugal with their family.
It allows visa exemption for the applicant and their family to travel within the Schengen area, Canada, UK, and the USA (a total of 185 countries visa-free access).
Investment requirements
The investment must be maintained for a minimum of 5 years starting from the date of the residency permit is granted. Two possible Investment categories are possible. Both options are listed below as ‘A’ and ‘B’ with option ‘A’ being real estate and option ‘B’ a capital transfer.
Option A:
Purchase of property / real estate for a minimum value as per the following 2 options:
- EUR 500,000 real estate / property purchase;
Or:
- EUR 350,000 if the building construction dates back more than 30 years located in urban areas in Portugal – for renovation purposes.
The above investment figures can be reduced by another 20% if the property / real estate is located in sparsely populated territories of Portugal (i.e. with less than 100 inhabitants per sq. km or where the GDP per head is below 75% of the national average in Portugal).
As an example of option 2 listed above, the minimum investment could be EUR 280,000 instead of the EUR 350,000 or EUR 400,000 for option 1 if the property is located in a sparsely populated territory of Portugal.
The lowest possible investment option would be EUR 250,000 which is an investment in support of artistic production, recovery or maintenance of national cultural heritage, through certail legally defined institutions.
Option B:
The Capital transfer of EUR 1 million to the applicant’s own account or company in Portugal. The average quarterly balance must equal a minimum of EUR 1 million during the residency period to maintain status in the country and to become eligible for permanent residency after 5 years.
The funds (or portion of) can be used for various investments throughout this time period (i.e. acquisition of a Portuguese company, capital expenditure, real estate, etc) but cannot fall below this threshold.
Residency Validity and potential Passport
The first residency permit issued by Portugal for the applicant is temporary valid for 1 year, which can be renewed for another 2 years. The residency and investment requirements listed above should be maintained at all times during this process.
Processing time
4 weeks
The option of company investment
A sole shareholder company can also be used to complete the investment in Portugal on behalf of the applicant. The company registered office should be in Portugal or another EU member state.
Advantages and Flexibility of this Portugal ‘Golden Visa’ Program (immigration through investment)
- Visa Exempt travel throughout the entire European Union (Schengen States including Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland);
- Limited Residency Requirements to maintain the residency permit in Portugal;
- Passive investment for immigration purposes accepted. The active role not in the investment in Portugal not required (i.e. Real estate / Property);
- Eligibility to apply for a permanent residency after 5 years of holding a temporary residence permit, with proof of accommodation in Portugal, and proof of basic sufficiency with the Portuguese language;
-
Applicants and their families are eligible to apply for citizenship if they meet the following requirements:
- Hold permanent residency in Portugal for at least 6 years;
- Be 18 years or older;
- Sufficient knowledge of the Portuguese language;
- No criminal offense under Portuguese law;
- Would not be a danger or threat to national security.
- The Portuguese government grants nationality to minors born in Portugal if at least one parent has resided in Portugal for at least 5 years or the minor has completed the 1st cycle of basic education in the country.
In this comparison table, the applicant can clearly see the disadvantages for each immigration program and select the one that would be most suitable for them.
Document requirements for the Portugal Golden Visa program
- Passport or another valid travel document;
- Proof of entry into Portugal;
- Health insurance documents;
- Criminal record certificate issued by home country, translated into Portuguese, attested by the Portuguese consulate overseas within the last 3 months;
- Completed Application forms;
- Affidavit of the applicant to comply with the minimum investment and duration requirements for this program;
- Declarations issued within 45 days from the Portuguese Tax Authorities and by the Portuguese Social Security;
- Receipt of payment for the payment of the Permit Application Examination Fees;
- Proof of real estate/property investment in Portugal;
This email address is being protected from spambots. You need JavaScript enabled to view it. and our office will assist step by step in the entire documentation process.