This guide breaks down the Saint Lucia citizenship process, covering...Read More
Minimum Investment Amount:
Euro 280,000
Residency Timeframe:
6 to 8 Months
Visa-Free Access To:
Schengen Region
The Portugal Golden Visa program was established in 2012 and allows non-European Union citizens to obtain Portuguese residency in exchange for investing in the country. The program is designed to attract foreign investment and has proven to be a popular choice for individuals looking to live, work, or study in Portugal or anywhere within the European Union.
To be eligible for the program, individuals must make a required minimum investment in the arts, cultural heritage, or scientific research sectors. Additionally, they must hold a valid passport, have a clean record, and hold health insurance in Portugal. Perks of the program include the ability to live, work, and study in Portugal, visa-free travel throughout the Schengen Area, and a potential path to Portuguese citizenship.
Benefits of Portugal Golden Visa:
Holders of a Golden Residence Permit enjoy the following benefits:
- The minimum requirement is to stay 7 days per year or 14 days every two years.
- Eligibility for Portuguese citizenship after 5 years period.
- Visa-free travel to all EU Schengen states
- Tax advantages for investor visa holders
- Family reunion options for certain family members
- Access to quality healthcare and education within Portugal.
- Excellent quality of life, diverse culture, mild climate, and high level of security.
- Processing time 6-8 months
Process Timeline for Portugal Residency by Investment
Step 1:
Client Assessment
Step 2:
Client On-Boarding
Step 3:
Documents Collection and Real Estate Investment
Step 4:
Submissions
Step 5:
Biometrics
Step 6:
Issuance of Golden Visa
Cost of Portuguese Golden Visa
The PR program provides for the grant of a five-year residence permit to non-EU investors who fulfil one of the following conditions:
PORTUGAL RESIDENCY PROGRAM DETAILS
- Invest in a Commercial Property of at least €350,000 in Lisbon, Porto, or Algarve.
- Invest in a Residential Property of at least €280,000 (or) €500,000 in selected areas.
*Additional government processing and due diligence fees apply.
About Portugal
Portugal is a rich tapestry of history, culture, and modernity, with a legacy that extends far beyond its borders. As a former world power and a country with over 300 million Portuguese speakers worldwide, Portugal continues to captivate people with its diverse heritage.
Today, Portugal is a thriving member of the EU and the Eurozone, offering a stable and secure environment with a high standard of living. Its economy is flourishing, with a focus on business services, tourism, and innovative renewable energy. In 2012, the Portuguese government introduced the Golden Residence Permit (GRP) program, offering non-EU citizens the opportunity to attain temporary EU residency by investing in Portuguese real estate. With its rich culture, modern infrastructure, and commitment to sustainability, Portugal is an attractive destination for property investment and a gateway to Europe.
|
Capital: Lisbon |
Total Area: 92,212 Km2 |
Population: 10.32 Million |
|
Languages: Portuguese |
Currency: Euro (EUR) |
Exchange Rate: 1 USD = 0.86 EUR |
|
GDP- Per Capita (2016):USD 19,813 |
GDP- Total (2016): USD 204.6 Billion |
Visa Free List
Visa free access to any country in the Schengen region if you move to Portugal and establish yourself there permanently.
Portugal citizenship holders can travel to over 186 countries visa-free and with a visa on arrival after receiving the passport, which has been ranked third among the most powerful passports in the Passport Index 2021.
Travel to the following nations is permitted for anyone possessing a Portugal Permanent Residency Visa: –
In addition to the list of countries, access is subject to variations depending on the policy of each government.
Schengen Region free visa
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If you wish to enhance your portfolio through our strategic capital investments, citizenship and permanent residency services, then feel free to contact us.
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