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How to get a Portuguese Residence Permit in Exchange for an Investment

by Noman Jabbar
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Last modified on April 6th, 2024 at 9:26 pm

Conditions, advantages and stages of obtaining a golden visa for Portugal. How to buy the right to live in the country with investments from €350 000 in real estate and business.

The country of vineyards, cobbled streets and snow-white beaches attracts thousands of tourists from all over the world. But Portugal can become not only a vacation destination, but also a new home for wealthy foreigners. The golden visa program opens great prospects for moving to a country with a mild Mediterranean climate, developed economy and infrastructure.

Conditions for Obtaining a Golden Visa in Portugal

In order to be eligible to reside in Portugal under the golden visa program, it is necessary to meet certain selection criteria:

  • the visa is issued only to non-EU citizens who have reached the age of majority;
  • having a proven net worth of at least 350,000 euros;
  • purchase of real estate in the territory with a value of 500,000 euros or more;
  • making investments in the economy from 250,000 euros by buying shares, bonds, investments in business and other ways.

To get a visa, it is necessary to prepare a package of documents that includes:

  • an application form of the prescribed form in Portuguese;
  • a bank statement confirming the availability of the required amount of funds;
  • documents confirming the ownership of real estate;
  • a certificate of no criminal record from the country of origin.

The cost of applying for a golden visa is:

  • 350,000 euros for the main applicant;
  • 80,000 euros for the spouse;
  • 50,000 euros for each child under the age of 18.

The validity of the visa is 5 years with the possibility of multiple extensions subject to confirmation of eligibility.

The Main Advantages for Portugal Golden Visa Holders

Obtaining a golden visa of Portugal under the program provides a number of important advantages for holders:

  • The right to reside in Portugal without the need to apply for additional residence permits and authorizations. The ability to stay permanently on the territory of the country.
  • The possibility to conduct business activities and investments in Portugal on the territory of Portugal on an equal basis with the citizens of the country.
  • Access to the health care and education system under the same conditions as for Portuguese citizens. Ability to receive medical care and education in schools and universities.
  • The right to visa-free entry to all Schengen countries. Ability to visit any of the 26 Schengen countries without a separate visa.

One of the most important advantages of the golden visa is the prospect of applying for a Portuguese residence permit for investment after 5 years of stay. This opens the way for further obtaining a residence permit and subsequently citizenship if the necessary conditions of the program are met.

Stages of Obtaining a Golden Visa of Portugal

The process includes several stages:

  1. Submission of the package of documents to the consulate at the place of residence and consideration of the documents by the authorized bodies. The period of consideration is about 3 months.
  2. Passing a personal interview after approval of the application. It is necessary to confirm your data and availability of funds.
  3. Receipt of the golden visa within 2 weeks after approval of the application and successful completion of the interview.

After getting the visa, it is necessary within the first year:

  • Open a bank account in Portugal.
  • Take out health insurance valid in the territory of the country.
  • Spend at least 7 days in Portugal in person to activate the visa.
  • Apply for a residence permit after 5 years of golden visa validity.

Obtaining a golden visa of Portugal is an opportunity to acquire a prestigious resident status and a high standard of living in a country with developed infrastructure and favorable climate. If the necessary conditions of the program are met, it opens the way to residence permit and citizenship.

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