History. Acquired Property Deed or the pre-contract agreement. Proof you have transferred the assets to a financial institution in Portugal. According to Portuguese nationality law, the permanent residence permit leads to Citizenship after 5 years. The announcement marked the start of a phase of intentions in which the Government is submitting these measures to public scrutiny from a political point of view. Typically 500,000 but can be as cheap as 280,000. Here are the differences between the Portugal Golden Visa and the Spanish Golden Visa. In Portugal, you can complete both tasks with ease, or your immigration lawyer might assist you in doing so. Puerto Ricos Jobos Beach Is One Of The Best Beaches In The World, Travel To Puerto Ricos Porta Del Sol: Isabela, Puerto Rico, The Story Of The Indian Face Rock Carving In Isabela, Yes, You Need To Rent A Car To Travel In Puerto Rico. There are a number of different European golden visas, but Portugals golden visa is particularly popular for a number of reasons. Update:PORTUGAL GOLDEN VISA CLOSURE The amount is brought down to 400,000 if the property is in a low-density area. Portugal Golden Visa: full guide (2022) The Portugal Golden Visa is most commonly obtained by investing in a company, property or fund in Portugal. Upon approval, you will get your Golden Visa card with a validity of 2 years. I go in search of the best beach in the west of Puerto Rico. The required length of stay. UPDATE: On February 16, 2023, the Portuguese Government announced the planned ending of its Golden Visa program, subject to Parliamentary discussion. These opportunities are excellent for many people interested in business, real estate, heritage, and more. This is your chance for Immigration to Portugal. Extract from the register of companies (only if you are a shareholder in a company). Notify me of follow-up comments by email. After five years of holding Portuguese residency, you may apply for permanent residency or citizenship. You must physically be present on the designated date to formally submit your application, along with any dependents listed in your application. Most of the hotel development programs offer a fixed return of around 3%, whereas there is typically no cap with these funds. These initial residence permits are valid for two years and can then be renewed for an additional three before you can apply for permanent residency. Costa Rica Or Belize: The Honest Comparison You Need! Eligibility Portugal Golden Visa eligibility is available to all who do not already hold citizenship in the EU, EEA, or Switzerland. This is a special visa program designed by Portugal to attract foreign investment into Portugal. Arguably one of the best ways to contribute to the Portuguese economy is through job creation. To access the Golden Visa via this route, you need to invest at least 500,000 in one of Portugal's eligible private equity or venture capital funds. Since they are familiar with the process, investment rules, and how the country operates, they can get your visa faster and conflict-free. However, even with Portugals low minimum wage of around 700 per month, and even excluding other costs like social security, paying 10 salaries isnt going to work out particularly cheap and thats without considering the time needed. The following three options are available to applicants: Capital, property acquisition, and business: Following receipt of the residence permit, each renewal requires the client to submit updated original documents as well as biometric information. This, unfortunately, includes places like Lisbon, Porto, large parts of the Algarve, and the Silver Coast. This also led to an increase in the property market costs in Lisbon and other popular cities. If youre planning to stay in Portugal for less than 90 days and your purpose is not covered by the Schengen Visa, you may need a Short-Stay Visa. Portugal golden visa requirements Applicants can choose any one option in any of the three categories: capital transfer, property acquisition, business: Capital transfer One of the following options: EUR 1.5 million minimum capital transfer into a Portuguese bank account or approved investments After deciding which investment you plan to move forward with, you must open a Portuguese bank account and obtain a Portuguese tax identification number (NIF). However, if youre planning to stay longer or have a different purpose, such as studying or working, youll need to apply for a Portugal visa. That you have maintained your investment for the last five years, That you have spent at least 35 days in Portugal in the last five years. Its time to choose the kind of investment you want to make. To get a Golden Visa for Portugal, you have to make one of the following investments: Buy real estate worth at least 500,000. Its essential to research the specific requirements for your situation and ensure you have all the necessary documentation before applying. The small print: Portugalist may generate a commission from mentioned products or services. These visas are excellent for retirees and wealthy individuals who want to diversify their assets and residencies. The amount is brought down to 400,000 if the property is in a low-density area. However, there is also the possibility that your investment could decline in value. The so-called Portugal golden visa is included in this type beware of the, Passport from an eligible country with at least two blank pages and valid for at least three months after the end of your intended stay in Portugal, Proof of travel arrangements (flight tickets, hotel bookings, etc. Update 14 April: Final Proposal on the Golden Visa Ending Revealed Investors are required to have a clean criminal record, full health insurance and to submit their applications along with full biometrics. Low Investment. To choose the qualifying investment, start the legal process, and open a bank account. What Are The Requirements for Portugals Golden Visa? ARI - Residence permit for investment activity. Who can apply for the Portugal Golden Visa? pastry, take a scenic ride on the historic Tram 28, or stroll through the picturesque streets of Portos Ribeira district. The initial residence permit is valid for two years, which you can renew for another three years. The Portugal Golden Visa is an immigrant investor program by the government of Portugal that granted residency in Portugal to people who invested in properties worth at least 500,000 or created 10 jobs in Portugal. Your family and I have been granted a golden visa for Portugal. These investments include real estate, company creation, investments in Portugal, and so on. To be eligible to apply for the Portugal Golden Visa, you must meet the following requirements: Of course, you must also make the required investment amount with funds that come from outside Portugal. Along with the application, you will need to submit the following documents: Its important to note that all of these documents must be translated into Portuguese and legalized with an apostille if they do not originate from Portugal. With the aid of permission, a non-EU citizen may initially reside and work in Portugal. Portuguese, EU and EEE nationals are not eligible for the ARI / Golden Visa scheme. ARI - Residence permit for investment activity. Portugal Golden Visa residency from Dubai UAE through buying Real Estate, OR thru a Capital transfer and OR through job creation. As of January 2022[2]https://www.portugalist.com/golden-visa-changes-2022/ jQuery('#footnote_plugin_tooltip_18867_1_2').tooltip({ tip: '#footnote_plugin_tooltip_text_18867_1_2', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top center', relative: true, offset: [-7, 0], });, there have been some changes to the golden visa scheme and residential properties purchased in some parts of Portugal no longer qualify. A Portuguese-registered company may receive EUR 500,000 for its formation or increase in share capital if it also maintains or adds at least five permanent jobs over three years. The Portugal Golden Visa Program for Portugal. After making your investment, you can apply for a Golden Visa yourself, or you can appoint a legal representative to submit the application at the Portuguese Immigration and Borders Service (SEF) on your behalf. When you renew it for the additional three years, you must spend at least 21 days in Portugal during that time. Of course, one of the selling points of Portugals golden visa is that even though youre technically resident in Portugal, you dont need to spend a lot of time there: just 7 days per year (14 days in the first two years technically). sef contact centre 8 a.m. to 8 p.m. contacts. You have to get a certificate proving that you do not have a criminal record. If you decide to purchase qualifying real estate, this can tack some time onto your visa process as you will need time to find the property you wish to purchase. This includes tourism, business, and visiting family or friends. The certificate has to be issued in the last three months, and you must get one from any country that you have lived in for longer than one year. The easiest and fastest way to apply for and get the visa is to work with a professional immigration lawyer. The beneficiaries of ARI / Golden Visa are entitled to: Residence visa waiver for entering Portugal; Living and working in Portugal, on condition that they stay in Portugal for a period of 7 or more days, in the first year, and 14 or more days, in the subsequent years; Visa exemption for travelling within the Schengen Area; The Aliens Act - Law n. 23/2007 of 4 July (as subsequently amended), Regulatory Decree n. 84/2007 of 5 November (as subsequently amended), Portuguese Immigration and Border Service [Servio de Estrangeiros e Fronteiras - SEF], Ministry for Foreign Affairs [Ministrio dos Negcios Estrangeiros - MNE], Development Agency [Agncia para o Investimento e Comrcio Externo de Portugal - AICEP], Receive in your mail all the news of the SEF, 217 115 000 Powered by Jovial21st. Wait for confirmation from the SEF to proceed with scheduling your appointment. To be eligible to apply for the Portugal Golden Visa, you must meet the following requirements: Be at least 18 years old. You can keep renewing your residence permit every two years, then after five years, you can apply for a permanent residence permit. TextStatus: undefined Capital transfer of the amount of 350,000, or higher, for constitution of a commercial society with head office in the national territory, combined with the creation of five permanent working jobs, or for the reinforcement of the share capital of a commercial society with head office in national territory, already existing, with the creation or keeping of working jobs, with a minimum of five permanent jobs, and for a minimum period of three years. The downside of this route is obviously that it requires such a significant amount of money. For example, many funds require you to hold onto the fund for at least 7 years, if not longer. Over the years, thousands of visas and residence permits have been granted to non-EU citizens to live in Portugal. Below, we list each approved investment opportunity to help you see your options. living in portugal. At the SEF appointment, they will take your fingerprints. Contact the author. For example, citizens of the United States, Canada, Australia, and many other countries can enter Portugal for tourism or business purposes without a visa for up to 90 days. (Phone), 965 903 700 Secondly, the requirements are very reasonable and if you meet the requirements, you will be able to apply for both permanent residency and Portuguese citizenship after 5 years. You must also complete the acquisition and deposit the necessary investment funds to your Portuguese bank account. i. Portugal has a talented and well-educated workforce, many of whom not only speak Portuguese but also speak English to a high level. This isnt the case with all funds and is simply the stipulations of the fund provider rather than the golden visa rules. Portugal is a country full of surprises, from its rich history to its stunning beaches, rolling hills, and vibrant cities. After five years of legally living in the country, you may apply to become a Portuguese citizen. If you do not have the required investment amount sitting in your bank account abroad, you may be able to take out a loan to cover the investment. All content, including comments, should be treated as informational and not advice of any kind, including legal or financial advice. When working with an immigration lawyer, they can collect the cards for you if you are not present in Portugal. See. Applicants simply looking to invest their money to get some returns as well as the Portugal Golden Visa, they can invest 500,000 in a qualifying investment fund. You can view it anytime from this link below: The real estate option is chosen by more than 90% of applicants. vi. Answering as Many of Your Questions as Possible in 30 Minutes! New Guidelines for Canada Business Immigration, Bulgaria Residency & Citizenship By Investment, Greece Golden Visa: Pathway to Permanent Residency in Europe, Ireland Immigration by Investment Program, Business Innovation & Investment Visa Sub-188, Australia Business Talent (Permanent) visa (subclass 132), Minimum capital transfer of EUR 1.5 million into a Portuguese bank account or authorized investments. Retirees, entrepreneurs, and wealthy individuals have the opportunity to claim permanent residency and even citizenship with the Portugal Golden Visa. After the first year, you can apply for renewal and you will get a two-year residence permit. Overall the application process takes a little over six months to complete. When you submit your application, you will then schedule a SEF appointment. However, commercial property in these areas is eligible. The documents you have to submit for a Golden Visa application depend on the type of investment you make. The project was first established in 2012 to encourage foreign investment and boost the Portuguese economy. However, there is criteria with regards to the propertys age and the population density of the area for a property to qualify for these amounts. Include the members of your family in the application. Anyone who applies for the Golden Visa must spend a minimum of 7 days in the country in the first year, and 14 days in the subsequent years. To get your NIF number on your own, you must be present in Portugal and bring proof of address from your resident country and government ID to a Finanas office. Launched in 2012 [1]https://www.sef.pt/en/pages/conteudo-detalhe.aspx?nID=21 jQuery('#footnote_plugin_tooltip_18867_1_1').tooltip({ tip: '#footnote_plugin_tooltip_text_18867_1_1', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top center', relative: true, offset: [-7, 0], });, the Golden Visa or ARI is one of Portugals most well-known and popular visas. In the first year, you only need to survive for seven days, and for 14 days in the two years that follow. To keep your residency permit valid, you must spend at least seven days every year physically present in Portugal. You will need to provide the same documents you intially brought but updated and issued within the last three months. EUR 280,000 in a low population density area. Create at least ten new jobs for Portuguese citizens. While there are technically other ways to travel around Puerto Rico, renting your own car is probably your best bet. However, if you choose to relocate to Portugal full-time, you can be exempted from income tax for ten years with the non-habitual residency program (NHR). The consultants at La Vida can set up a visit to Portugal, accompany you to see properties, as well as provide you with a lawyer, who can act as your appointed legal representative to process your visa application. One of the major benefits of the Portugal Golden Visa is the opportunity to obtain Portuguese citizenship. Booking.com Additionally, while traveling within the Schengen area, investors have visa-free access to 186 countries (only after getting a Portuguese passport). In addition, they must contribute to the Portuguese economy with one of the available investment options. Since its inception in October 2012, the Golden Residence Permit Programme (GRPP), also known as the Golden Visa programme, has been a great success. Plus, were sharing the number one secret on how to submit your application quickly and efficiently. Invest at least 500,000 in a qualifying Investment Fund. To keep your residence permit valid with the Portugal Golden Visa, you are required to spend seven days of every year physically in the country. Decision Time: Will I Start Traveling Again? There are exceptions where the property can cost 350,000 or even just 280,000. This guide to the Golden Visa (Portugal) covers the Golden Visa . iii. Applying for the Portugal Golden Visa is a fairly straightforward process. The Portuguese government has suggested the discontinuation of the Portuguese Golden Visa scheme. The government expects you to provide the required amount for the qualifying investment from outside of Portugal. Live in Downtown Porto IF You Like These Things | Expats Everywhere, Elon Musks Tesla worth 20x Ford selling 1/10th the cars? Updated: March 13, 2023 Home Residency By Investment Portugal Portuguese Language Test for Citizenship: Everything You Need to Know If you fulfill the correct requirements in order to obtain Portuguese nationality, you will need to take the Portuguese language test. The low necessity for physical presence (seven days during the first year of residence and 14 days for the two subsequent years, which can count towards citizenship eligibility after five years). This signifies that your application is official and your residence cards will be issued. The individual can apply for the visa themselves or through a guaranteed organization or an agency in Portugal. (function(d, sc, u) { 2. Capital transfer with a value equal to or above 1.5 million Euros; Assessment and Accountability Board QUAR, Official website of Portuguese immigration, EU / EEE / ANDORRA /SWITZERLAND nationals, Second Generation Schengen Information System (SIS II), Exit of Minors from the National Territory, Information for applicants to International Protection in Portugal, Information to Unaccompanied Minors Applicants to International Protection in Portugal, Documental expertise and documentation for nationals and foreigners, Documentation of nationals and foreign nationals, Portuguese Immigration and Border Service. Another option is to invest 500,000 in an already established Portuguese company that creates five full-time jobs for the next three years. You can taste the famous pastel de nata pastry, take a scenic ride on the historic Tram 28, or stroll through the picturesque streets of Portos Ribeira district. There are favorable tax schemes that Portugal Golden Visa holders can take advantage of. While its obvious that major crimes would naturally carry a prison sentence of at least one year in Portugal as well as anywhere else, it can be difficult to know how smaller crimes, such as a DUI or drug possession for example, would be treated. (EU and Non-EU Citizens Spain Residence Permit), How to Move to Croatia? The amount is brought down to 280,000 if the property is in a low-density area. Modern infrastructure, first-rate medical centres, and a top-notch educational system are all found in the nation. Even if youre working full-time, this is very achievable. It will take about four months to receive your official residence cards aftery the SEF biometrics appointment. %TRACK_LINK% For more information, please contact SEFs Contact Centre, available from 09:00 to 17:30, through the numbers 217 115 000 (fixed network) or 965 903 700(mobile network). To be eligible for a Golden Visa for Portugal, you have to fulfill the following requirements: You must be over the age of 18 You must make a significant investment that is beneficial to the Portuguese economy You must have no history of criminal records You must own the money you seek to invest This unique visa opportunity allows third-country nationals to invest in specific projects, funds, and real estate to obtain residency in Portugal. This is perfect for retirees and people looking to diversify their assets. At the corner of Puerto Rico there is a giant carving of a Tano chief. Importantly, the government made significant changes to the Portugal Golden Visa scheme in 2022, but demand is still high despite the tighter restrictions. Legal Disclaimer, 25+ Digital Nomad Visas You Can Apply to Today, Updated List of Digital Nomad Visas in Europe [2023]. Before making your investment, you must fund your Portuguese bank account with funds that come from abroad. (Email), How to get to SEF premises Any foreigner who is not a citizen of the European Union or the European Economic Area needs to apply for a visa to enter Portugal. Capital transfer of the amount of 500 thousandEuros, or higher, for the acquisition of units of investment funds or venture capital fund of funds dedicated to the capitalisation of companies, capital injected under the Portuguese legislation, whose maturity, at the moment of the investment, is, at least, of five years and, at least, 60% of the investments is realized in commercial companies with head office in national territory;viii. It just means that most of your vacations over the next few years are likely to be in Portugal.