All you Need to Know about Portugal Golden Visa Program

Portugal citizenship by investment program aims to charm foreign investors and families to help re-launch the Portuguese economy. It is also an excellent opportunity for non-EU lenders to invest or set up business ventures in Portugal.

Let’s understand the Portugal golden visa program.

‘Golden visa’ is the residence permit offered by Portugal to non-EU citizens if applicants invest in the country for at least 5 years. The golden visa is one of the best residency programs for investors with minimum stay requirements. Those are discussed further in the article.

The decision to grant a Residence Permit is normally made within 60 days of the application being submitted, which must contain proof of a completed financial or real estate investment.

Portugal Citizenship by Investment Options

Capital investment alternatives

• Before submitting the application, you must make a financial investment/capital transfer of at least euro 1 million must be made in any sort of business or corporation, AND at least 10 permanent jobs must be created.
• You must make euro 1 million financial investment in government securities and bonds.
• You may transfer funds in excess of euro 350,000 for research.
• You may transfer in excess of euro 350,000 for the purchase of investment fund units or venture capital funds.
• You must transfer funds worth more than euro 250,000 for artistic or cultural purposes.
• You must transfer funds in excess of euro 500,000 for the financing of small and medium-sized businesses.

Real estate investment alternatives

• You must acquire a property valued at more than euro 350,000 for homes older than 30 years or in regions undergoing urban renewal.
• You may purchase any sort of real estate property worth more than euro 500,000, which must be completed before the application is submitted.

Understand the minimum stay period

You must spend at least 7 days in Portugal during the first year and 14 days in each of the following two years. After getting the Golden Residence Permit, you can apply for a Permanent Residence Permit after 5 years.

After 6 years, you can even apply for Portuguese citizenship. Submit the application with the help of a Portugal immigration lawyer.

Benefits of Portugal golden visa program

• There are several investment alternatives available.
• Residence permit provides residency for the entire family.
• Residency criteria are very flexible, and the length of stay is short.
• After 5 years, you can apply for permanent residency.
• After 6 years, citizenship is granted. It is possible to have dual citizenship.
• You can move freely inside the EU Schengen area, as well as the ability to live, work, and study in Portugal.
• The taxation system is appealing.

In final words, a Golden visa is a great opportunity to invest and get a residence permit. You can apply with the help of the best Portugal investor visa consultant in Ahmedabad.