The Portugal Golden Visa is for international entrepreneurs that are thinking of investing and widening their opportunities towards Southwestern Europe. With different investment options available for a minimum of €280,000, the Golden residence Portugal allows families to work and reside in Portugal with the added benefit to visit other European countries such as Finland, Germany, and France. This permit will not only benefit you financially in the long-term, but will also give your family the opportunity to experience the Mediterranean lifestyle.
Portugal also offers access to 2 of the 10 best European universities that ensure quality international education. This may be among the many reasons there have been over 7,885 primary applicants and 13,364 dependents since the start of the program, composed of the investor and its entire family (spouse and children under the age of 18), for the Golden residence Portugal. According to SEF, only in the month of August of 2019, €553 million was invested through this program.
Investment option for the Golden residence Portugal
Since the approval of the Golden residence Portugal in 2012, there have been some changes in the qualifying investment options to widen the possibility for more international investors. Ranging from €280,000 to €500,000, the Golden residence Portugal offers seven different options for investment, from Real Estate Rural Areas, to investment in scientific research. Here are the investment options for real estate and equity funds for this Golden Visa:
- Real estate investment. Investment of €500,000 in a real estate property in Portugal
- Real estate urban areas. Investment of €350,000 in real estate more than 30 years old or situated in urban regeneration areas
- Real estate rural areas. Investment of €280,000 in real estate more than 30 years old or situated in rural regeneration areas
- Private equity funds. Investment of at least €350,000 in a private equity fund
There are other options for investment that can be equally beneficial, these are:
- Creating 10 Full-time Jobswithin a Portuguese business
- Investment of €350,000 in researchby accredited institutions from a national scientific and technological system
- Investment of €350,000 in an existingcompany registered in Portugal
To ensure that the investment is valid, the investments made under Golden residence Portugal program must be maintained for a minimum of 5 years from the date the residence permit is granted.
The process of acquisition of this permit starts with the preparation of documents which includes the proof of investment documentation. After submitting the residence application, you will be required to pay the government application fee and provide a copy of all the required documentation. Once your Golden residence Portugal Visa has been approved, the government permit issue fee must be paid.
Then you will be issued with the residence certificate which is valid for a year, and after renewing the certificate at the end of the first and third year, you will be granted permanent residency. The Golden residence Portugal can be also requested by a legal representative without the applicant having to appear in person; nevertheless, Orience International offers a professional guide which can help ease and simplify the process, with an experienced team ready to direct and assist you toward the most suitable path for you and your family.
The Portuguese Golden Visa does not require you to live in the country to pursue this program; however, international investors must stay in the country for at least 7 days during the first year, and 14 days in the two years following obtaining the permit. Upon receiving the residence certificate and following the renewal protocol, the Golden residence Portugal will grant you a permanent residency at the end of year 5, with the possibility of traveling to 185 countries with the 7th most valuable passport: The Portuguese passport. Your whole family will now be able to experience all that Europe has to offer without the need for a Visa.