Portugal offers one of the most attractive residency-by-investment programs in Europe, known as the Golden Visa. With this program, people from outside the EU or EEA can invest in Portugal and, in return, gain the right to live, work, and study in the country.
Requirements for Golden Visa:
- You must not be a citizen of the EU, EEA, or Switzerland.
- You need to be 18 or older.
- You must have a clean criminal record in both Portugal and your home country.
- You should show that your investment money comes from legal sources.
- You’re required to keep your investment for at least five years.
- You must spend at least 7 days in Portugal during the first year, and 14 days every two years after that.
- Family members who qualify can also be included in the program, such as:
Family members who qualify can also be included in the program, such as:
- Your husband, wife, or legal partner
- Children under the age of 18
- Children over 18 who are still studying and financially dependent
- Parents who rely on you or your spouse for support
Eligible Investment Options:
Portugal supports investments that help grow its economy, culture, and science.
Keep in mind, buying property in crowded cities no longer qualifies.
Here are the approved ways you can invest:
Fund-Based Investments:
You’ll need to invest at least €500,000
Put your money into approved Portuguese venture capital or private equity funds that follow official rules.
Science Projects:
Start investing with €500,000 or more.
Support studies in health, science, or technology by giving to approved organizations.
Support for Culture and Arts:
You need to donate at least €250,000.
Help fund public or private efforts that protect Portuguese culture or boost the arts.
Starting a Business and Creating Jobs:
A €500,000 investment is required.
Hire and keep at least five full-time employees for a minimum of five years.
How to Apply:
- Investment Selection: Work with an expert to find the right investment for you.
- Get Your Portugal NIF: This number lets you open a bank account and start investing.
- Open Your Bank Account in Portugal: Use this account to handle and follow your investments.
- Collect the Needed Documents: Gather key documents like your passport, NIF, proof of investment, police record, health insurance, and certificates.
- Start Your Investment: Transfer funds and complete your investment.
- Send Your Application Online: Use the official SEF website, usually with help from your lawyer.
- Go to Your Biometrics Appointment: You can do this in Portugal or at a nearby Portuguese consulate.
- Get Your Residence Permit: The first permit is valid for two years and can be renewed every two years.
Steps to Residency and Citizenship:
- Permanent Stay Rights: You’re free to live and work in Portugal full-time.
- Become a Citizen: You’ll need basic Portuguese skills and to pass a citizenship test.
Pricing Details:
- Government Filing Fee: €533 per applicant.
- First Golden Visa Fee: €5,325 per applicant.
- Extension Fee: €2,663 per applicant.
- Legal Costs: €5,000 to €10,000 (varies).
- Extra Costs: Document translation, official signing, and certification
Conclusion: The Portugal Golden Visa is still a great way to live and become a citizen in Europe. Even with some recent changes in how investments work, smart planning can bring you big rewards. By working with licensed experts and following the new rules, you can take full advantage of this flexible program that lets you get residency through investment.