What exactly is the Portugal Golden Visa?
Initially launched in 2012, the Portugal Golden Visa is considered one of the most attractive in the world, designed to entice foreign investment and benefit the Portuguese economy.
This visa allows Non-EU citizens to qualify for residency and even citizenship in Portugal by investing in the country.
Looking for a visa option with a low residency requirement? Portugal's Golden Visa has got you covered. Unlike other visas, the Golden Visa program only requires you to stay in the country for a minimum of 7 days in the first year and 14 days in the following years.
"Portugal has a rich culture and history, with friendly people and a relaxed lifestyle. It's a wonderful place to live and work." - Kevin Costner
Who is eligible for a Portugal Golden Visa?
Here are the key criteria for the Golden Visa in Portugal:
At least 18 years old
No criminal record
The main requirement is that you make an investment in Portugal, which must come from funds from outside of Portugal. Discover the specific investment requirements in this section.
Advantages of Portugal's Golden Visa Explored
Visa-Free Travel: The Portugal Golden Visa provides you the privilege of visa-free travel within the Schengen area, a 26-nation EU bloc. This visa grants you the same travel rights as any EU citizen.
Family Reunification: The Portugal Golden Visa does not only provide benefits to the investor, but also to their family members. This visa allows for family reunification, granting your family members the same residency rights as you. This includes your partner, children under 18, dependent children over 18 who are studying, parents, your partner's parents, and minor siblings. All family members are allowed to reside, work, travel within the Schengen area and enjoy the visa's benefits.
Path to Permanent Residency: The Golden Visa provides a pathway to permanent residency in Portugal after five years of legal residency.
Option for Citizenship: The Portugal Golden Visa may also lead to citizenship. After six years of legal residency, you can apply for Portuguese citizenship, which requires an A2 Portuguese language certificate, proof of a Portuguese bank account, and a clean criminal record. Find out more about the Portugal Citizenship here.
Tax Benefits through Non-Habitual Tax Regime: By becoming a non-habitual resident (NHR) in Portugal, you can enjoy the incentives of this tax regime, allowing you to transfer your tax residency to the country. Find out more about the NHR here.
Portugal Golden Visa - Investment Types
Discover how to obtain a D7 Visa in Portugal in less than 4 months, unlike the Portugal Golden Visa which can take 9 to 12 months to process. Here is a step-by-step guide to the application process.
Portugal Golden Visa through Property Investment
You can get a Portugal Golden Visa by purchasing a property. Most people think you need to purchase property that costs at least €500,000 in Portugal to get a Golden Visa. However, you can spend less. If you purchase real estate in a low-density area in Portugal, the minimum to spend is €400,000. You can also buy real estate that is over 30 years old in an urban rehabilitation area and renovate it for at least €350,000.
You do not need to buy one property, you can purchase multiple properties. Just make sure to meet the minimum amount. You can also combine your investment with other applicants. For example, if you purchase a €1 million house with a friend, both of you can apply for the Portugal Golden Visa, as each of you has spent a minimum of €500,000.
Portugal Golden Visa through an Investment Fund
You can also choose to spend a minimum of €500,000 subscription in a qualifying Portuguese investment fund. In Portugal, these are known as "fundos de capital de risco" and are investment funds that support Portuguese businesses.
The investment fund option used to be the cheapest option at €350,000, but since January 2022 the minimum amount has risen by €150,000.
Portugal Golden Visa through a Capital Transfer
The most expensive option to qualify for a Portugal Golden Visa is making a capital transfer of a minimum of €1.5 million to Portugal. You must have proof of bank transfer deposits to Portugal from an international account that adds up to at least this amount.
Before January 2022, a capital transfer to qualify for a golden visa was a minimum of €1 million, but this has recently increased by €500,000.
Portugal Golden Visa through Job Creation
You can also obtain a Portugal Golden Visa through job creation. There are two main investment options in this category.
The first option is to create a minimum of ten new full-time jobs in a Portuguese business that you own. You do not need to invest a certain amount here.
The second option has two requirements. First, you invest a minimum of €500,000 in an existing Portuguese business. Second, that business must create a minimum of five new full-time jobs within three years.
Portugal Golden Visa through a Donation
There are two types of donations that qualify an applicant for the Portugal Golden Visa. You can either invest a minimum of €250,000 in preserving national heritage or €500,000 in a research and development activity in Portugal.
In conclusion, the Portugal Golden Visa is an excellent investment opportunity for non-EU citizens who are looking for a residency permit in Portugal and eventually a citizenship. The requirements are straightforward and you do not need to reside in Portugal for more than 14 days per year, making this an accessible program for anyone looking to take advantage of it.
At Relo.pt, we are committed to helping our clients navigate the process of obtaining a Portugal Golden Visa. Our team of experts has extensive experience and knowledge in this field and will assist you every step of the way. We can help you choose the right investment option, guide you through the application process, and ensure that you receive your residency permit in a timely manner.
Contact us today and let us help you achieve your dream of living in Portugal!