Golden Visa Scam
Aug 22, 2017 · 2 min read

What you need to know about the golden visa program

Most people will love to live in Portugal. Portugal was voted as one of the best destination in Europe. That is why numerous folks have the desire of staying in that country. However, very few people manage to achieve that dream. The Golden visa program offers a suitable chance for investors to stay in this beautiful country. Listed below are the details on this remarkable program.

No risk
Numerous individuals can live and work in Portugal. This is due to the golden program offered to foreigners for permanent residency. Apparently, many opt out of this amazing deal because of fraud reports. The risk of losing the needed investment, which is a half a million pounds, restricts them from exploiting the program. This program is secure and risk free.

Living period
This program is meant to capture investors. Financiers search for opportunities all over the world for investment. The program understands the nature of the global investors. Thus, it offers a suitable optimal time for staying in Portugal. In the first year, the investor is required to stay in the region for 7 days. In the next two years, he/she should stay for at least 14 days.

Source of investment
The program has a restriction on where the investment is sourced. Not every individual is allowed to be a beneficiary of the program. The program targets people that are not within the EU market. The people within any of the EU countries can freely travel and invest in Portugal. Thus, it will be a great violation of the EU rules if their investors are engaged in this program.

Residency visa
The Portuguese government is interested in the investment that is brought by the foreigners. If the investment flourishes, the economy of the country will be boosted. Due to this reason, the investors are given a residency visa. They can freely stay in the country and enjoy the privileges its citizens get. To travel to other Schengen regions, the investors get a valid visa.

Investment period
After purchasing the property or making the investment, there is a timeline that should be accomplished. The government expects the investors to manage the investment for a period of five years. After the five years, the investors are free to withdraw their investments or sell the house. The intention of the investment is to create employment in Portugal.

Beneficiaries
This program has been in operation since the year 2012. For the entire period over 2 billion euros has been invested in Portugal by foreigners. This proves that numerous individuals are currently beneficiaries of this program. The beneficiaries can aid in proving that the fraud reports were false. Some of those investors are looking forward to get the Portuguese passport.

Privileges
The citizens and the government of Portugal will be beneficiaries of this program. The program is meant to build their economy which was crumbling. The government ensures the protection of the investors and their investments. This is a necessary action to safeguard the reputation of the program. Hence, the golden program will attract more investors.

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Golden Visa Scam

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