Portugal is one of the oldest European countries, which has historical heritage and beautiful architecture. This country is located on the beautiful shores of the Atlantic Ocean. This country, which is one of the most popular for immigration, has a named program for foreign citizens Portugal golden visa (Portugal golden visa). has introduced that in this way you can permanent residence Take this country. In the article on Golden Visa of Portugal, we have discussed this issue completely in Migration Magazine.
What is Portugal golden visa?
Portuguese golden visa with the name Golden Visa and Golden stay They also know it. It was presented in 2012 and is a kind of residence permit through investment. This visa is issued to citizens of countries outside the European Union. To get this visa, you have to make a significant investment in Portugal.
With a golden visa, you can live, work, study and earn in Portugal. You can also start your own company and business. This visa is for applicants for the duration 5 years of residence This country provides and after that you can for permanent residence and citizenship apply This program was created with the aim of attracting capital and international investment.
Benefits of Portugal Golden Visa
program Portugal golden visa It was presented with the aim of attracting capital and international investors. And applicants with this visa can enjoy the benefits and high quality of life in this country. Applicants with the passport of this country can easily travel to 189 countries in the world without a visa. Other benefits of this visa include the following:
- Visa-free travel throughout Schengen: With a golden visa permit, travel to Schengen countries easily.
- Limited stay condition: There is no need to stay full-time and you only have to stay in this country for 7 days in the first year of your stay and after that stay for only 14 days in every two-year period.
- Citizenship of Portugal: After 5 years from your golden visa, you can apply for Portuguese citizenship and passport.
- Various investment options: With this program, investors can choose the most appropriate way to invest and achieve high profits.
- Family reunification: You can apply for your spouse, children and parents at the same time.
- Tax benefits: According to this program, applicants are exempted from paying income tax in the first 10 years of their residence.
- Access to Portugal’s medical and educational system: When you get the citizenship of this country, you can use educational and health facilities.
- The possibility of working and studying in Portugal: With this visa, you have the right to work and study in this country easily and freely.
Investor acceptance conditions
In order to be able to apply for a Portugal Golden Visa, you must be eligible, but the acceptance criteria for this visa are very specific, which we have explained in detail.
- The age of the applicant is over 18 years.
- Have a valid passport.
- The investment should be beneficial for the Portuguese economy.
- Do not have a criminal record.
- Be a citizen of countries outside the European Union and the European Economic Area, other than Switzerland.
- Proof of financial ability and favorable financial status for investment
- Keep your investment for 5 years and stick to the investment.
- Stay in Portugal for at least 7 days a year.
Conditions for accepting the investor’s family
When applying for a golden visa and residence in Portugal, you can family Apply yourself. For the members listed below, you can get Portugal Golden Visa.
- wife
- Children under 18 years old
- Dependent children under 26 years old (single and full-time student)
- Parents over 65 years old (applicant or applicant’s spouse).
- Dependent parents over the age of 55 that you must show proof of their dependency.
- Siblings (applicant and applicant’s spouse) under 18 years of age and those of whom you (your spouse) are their legal guardians.
Documents required to obtain Portugal golden visa
During the application process, the applicant must prepare all his documents in order for the application to be reviewed and approved. Be sure to note that all documents must be translated into Portuguese and have the official approval of the Ministry of Justice and the Ministry of Foreign Affairs. The required documents are as follows.
- Valid passport with at least 6 months validity along with scan of profile pages
- Two passport size digital color photos
- Completing the Portugal visa application form
- Valid health and health insurance documents in Portugal
- Certificate of no bad criminal record
- Tax information and documents
- Proof of entry and legal residence
- Payment receipt from ARI portal
- Investment documents
- Proof of regular partnership status and preservation of your capital for up to 5 years
Portuguese Golden Visa investment methods
This country has provided options for investment applicants that you can choose from and make your investment. The investment options are as follows:
- Investment of 500,000 euros in an authorized investment fund
- A deposit of at least 1.5 million euros into a bank account in Portugal
- Creation of at least 10 jobs for Portuguese citizens
- Donation and investment of 500,000 euros or more in a scientific and technological research project that is being carried out by public or private scientific research institutions.
- An investment of at least 500,000 euros to establish a business enterprise or to strengthen the cash capital of an active and working business enterprise that creates at least 5 full-time jobs.
- Investing and donating money in the amount of 250,000 euros or more to support artistic activities or the restoration of the national and historical heritage of Portugal.
A point that should be paid attention to in this program and the changes that have been made in the conditions of this visa, starting from October 2023, Portugal is no longer allowed. Investing and buying real estate does not give to applicants and investors. Only the above options are acceptable for investing and obtaining this visa.
Portugal golden visa cost and time
Portugal golden visa is expensive like other visas, and in addition to the investment amount, you have to set aside additional amounts for administrative and legal expenses. The provincial fee for the application in 2024 is about 8,060.80 euros, and if your application is approved and accepted, you will have to pay an additional 806.20 euros.
Also, you must pay the additional and administrative fee separately for each family member that you have applied for. A golden visa extension will cost you around 806.80 euros to apply and another 4,030.90 euros to approve it.
The processing time for your visa application and obtaining the Portugal Golden Visa usually takes 8 to 10 months from the initial review or so-called Due Diligence to the preparation and receipt of residence permit cards.
The general costs of stay and golden visa of Portugal are as follows:
- Residence processing fee: 533 euros per applicant
- Initial application fee: €5,325 per applicant
- Application renewal fee: €2,666 per applicant
- Legal fees: It depends on the type of investment
Portugal golden visa application process
The Portugal Golden Visa application process for you and your family has several steps that must be completed in order for you to receive your residence permit. The steps are as follows:
- Investment selection: In the first step, you should choose your type of investment and then you should take the appropriate steps to do the investment.
- Receive tax identification number (NIF): Number You need your unique tax identification number, which you can get from the tax and customs office. To receive this number, you must provide an identification card such as a passport and proof of your residence address.
- Opening a bank account: Before finalizing the investment, you must open a Portuguese bank account in a credit institution approved by the Central Bank of Portugal. To open an account in Portuguese banks, you need the following documents.
- passport
- NIF number
- Portuguese contact number
- Proof of address in your country of residence
- Proof of income
- Finalizing the investment: After going through the above steps, you can finalize your investment. You cannot apply for a golden visa and residency until you have finalized your investment.
- Application preparation: To apply for a golden Portugal visa, you must go through the following steps.
- Register your application in the ARI portal.
- Attach the necessary documents in PDF format.
- Make the necessary payments.
- Delivery of golden visa application
- Waiting for approval from SEF
- After confirmation, go to the SFE with an appointment to formalize the application and submit the biometric data.
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