Portugal Golden Visa program is one of the famous visa programs in Europe and it was launched in 2012. This visa program is very open to people from all over the world without any limitation to the nationality, religion or culture.
The Portuguese Golden Visa programme allows the investors live, work, and study in the whole Schenghen area and after being in Portugal for six years he can apply for Portugal Citizenship.
It’s a straightforward and simple programme with specific requirements. If a person invests a minimum of €350,000 in a Portuguese investment fund or in a real estate product, he will get his residence permit card in Portugal.Beside this he can also add his family members as dependants.
Requirements for Golden visa in Portugal
A person can apply for a golden visa in Portugal, or Portuguese investor visa, provided they make at least one of the investments below, either as an individual business person or via a business set up in Portugal. Applicant must fit at least one of the following categories to claim Portuguese residency by investment:
- Must transfer Capital of at least EUR 1 million into Portugal
- Create 10 job opportunities in Portugal
- Invest in the property in Portugal worth EUR 500,000
- Must invest at least EUR 350,000 in scientific research
- Invest of at least EUR 500,000 in small and medium businesses in Portugal.
In short, person obtains the Portugal residence permit and Portuguese citizenship without residing in the country. The holder of Golden Visa does not have to pay taxes in Portugal until he stayed in Portugal for 183 consecutive days.
If you are a foreign investor and looking for new and growing markets for investments , we Visa and Work Permits are here to provide you all and every detail about the Golden Visa Program before you start your application. Contact us for more details and information, we are happy to help and assist you.