Launched in 2012 to encourage investment into Portugal, the Golden Visa program has encouraged billions of Euros of investment into real estate. It's a five year program for non-EU nationals, giving the individual the right to work, study and live in Portugal as well as permitting free movement in Europe's Schengen area. Through the Golden Visa program thousands of families have successfully relocated to Portugal, allowing them to enjoy a high quality of life and rich culture.
Portugal is the westernmost European country. Its colonies extended across Africa, Brazil, Persia, Indochina and the Malay Peninsula, creating one of the world’s most globalised and peaceful nations. Portugal is considered very safe and has a low crime rate. Although Portuguese is the official language, English is widely spoken in tourist regions.
Portugal is a member of the Schengen area and began using the Euro as its currency in 2002. While Portugal is shifting towards offering business-oriented services, a third of its economy remains in manufacturing. It is the world’s largest supplier of cork and enjoys the benefits of a strong tourism industry.
Portugal has produced streamlined legislation to create an efficient process by which non-EU citizens may obtain a residence permit based on investment.
The legislation offers three qualifying routes of committing funds to obtain residence status under the Golden Residence Permit programme, which must be maintained for a minimum of five years.
After five years as a resident, the applicant is eligible to apply for Portuguese citizenship.
A Portugal residency investment programme, also known as a ‘Golden Visa’, allows you to be a permanent resident of the beautiful Mediterranean country. Here are some facts on the ‘land of Fado’ — Portugal’s renowned folk music known for its distinctive expressive nature. Also named as the world’s best place to retire.
Portugal has a population of just over 10 million, over an area of 92,212 km². The European country has one of the highest life expectancy rates at 81 years old.
The euro is the official currency of Portugal. After the US dollar, the euro is the second-largest and second-most traded currency in the world.
The capital city of Portugal is Lisbon. The capital is also Portugal's largest city with an estimated population of 504,718.
Portuguese is the official language of Portugal. Over a quarter of the population speak English (27%). Spanish (10%) and French (15%) are also spoken in Portugal.
Portugal generally enjoys hot summers and wet winters.
As of 2018, the GDP of Portugal stood at nearly 238 billion dollars (US), with YoY growth for 2019 and 2020 estimated at 2% and 1.7% respectively, indicating a positive upward trend for the Mediterranean nation. The country’s GDP accounts for 0.38% of the total world economy.
A capital transfer of at least €500,000 in research activities can be made, or €250,000 in preserving national heritage in Portugal.
Capital transfer of at least €500,000 for the acquisition of units of investment funds or venture capital funds for the capitalisation of companies whose maturity at the time of the investment is at least 5 years, and at least 60% of the value of investments will be realised in commercial companies based in Portugal.
€500,000 constitution of a commercial society with head office in Portugal and creation of 5 permanent working jobs.
€1,500,000 capital transfer to a Portuguese bank.
Invest in residential property valued at €500,000 or more within designated interior areas of Portugal. Commercial property can be purchased anywhere in the country, as long as it is valued at €500,000 or more.
Invest in property valued at €350,000 or more for properties built before 1990, or located in urban regeneration areas designated for refurbishing. This applies to both residential and commercial properties.
Purchase of property fitting any of the above requirements with 20% reduction on the minumum amount of investment, if purchased in a low density population area (€400,000 or €280,000).
Create a minimum of 10 new job places. This requirement may be reduced to 8 job positions, provided the investment is made in sparsely populated territories (NUT III level with less than 100 inhabitants per sq.km, or with GDP per head less than 75% of national average).
Create 5 permanent jobs and invest €500,000 into a Portuguese business.
A Portugal residency investment gives you access to a favourable tax regime as a non-habitual resident (NHR).
After five years, you can apply for permanent residency and six years for citizenship, which is typically granted within two years.
Portugal residency investments represent an excellent opportunity for investors looking for high-quality assets. Portuguese property has attractive yields of up to 7% and 5% average capital appreciation.
The Portuguese Golden Residence Program grants visa-free access within the 26 members of the Schengen zone.
Portugal has high standards of schooling. Residency also grants access to many prestigious universities at lower EU tuition fees.
Portugal has a low minimum stay requirement: you only need to spend a total of five weeks in the country over five years.
The initial Golden Visa grants temporary residence for two years. The visa can be renewed for successive periods of two years at a time, providing that the requirements are met. The process of obtaining a Golden Visa and citizenship in Portugal takes approximately five years.