Portugal Golden Visa has become one of the world’s and Europe’s most famous residency-by-investment programs. The Golden Visa began in October 2012, and more than 10,000 people have obtained their Golden Visas since then.
Let’s dig into the details about Portugal Golden Visa 2022.
What Is Portugal Golden Visa?
Portugal Golden Visa is a non-EU member residency by investment initiative. The program started in October 2012 in Portugal. The major goal was to lure global finance into the nation. The initiative was a huge success, earning more than €6 billion since its inception.
Who Qualifies for a Portugal Golden Visa?
All non-EU/Swiss/EEA nationalities are able to qualify for a Portugal Golden Visa Program.
- Pre-requisites
One must be a major and have no criminal history in their native country or Portugal. Also, the funding should come from somewhere else other than Portugal.
- Golden Visa Investment Requirements
To be eligible for a Golden Visa, one must make an investment. Real estate, donation, fund investment, and company development are just a few of the investing options.
- Members of the family
The option for family reunification allows Golden Visa investors to extend the visa for the entire family.
- American Candidates
The Golden Visa is available to citizens of the United States. Entrepreneurs in the United States can apply for a Golden Visa and expand their operations to Portugal.
- British Citizens
As of January 1, 2021, UK citizens are qualified for a Golden Visa in Portugal Golden Visa Program.
Benefits of the Portugal Golden Visa
One may get a residency visa by investing as low as €280,000. It is one of the lowest investment limits in the EU. One doesn’t have to live in Portugal to retain their residency card. If they stay in the country for seven days each year, they will be allowed to apply for Portuguese citizenship after 5 years, on the condition that they maintain their investment. It is one of the shortest in Europe, with visa-free travel to 188 countries when you’re a Portuguese citizen.
Let’s take a look at investment types for Portugal Golden Visa Program.
Investments Types for the Golden Visa
There are a variety of possibilities for obtaining residence in Portugal through investment, including:
Purchasing Real Estate
Property in Portugal that qualifies for a Portugal Golden Visa must be worth more than €500,000. In some regions, the lowest amount reduces to €400,000.
In Portugal, real estate that is more than 30 years old can be restored for a minimum of €350,000. If it’s in a low-density region, the lowest cost reduces to €280,000. Just commercial properties fit the Golden Visa Portugal criteria if one wishes to buy in Porto, Lisbon, or the coastal region.
Capital Transfer
The requirement for this type of investment is €1.5 million.
Subscription to a Fund
A minimum investment of €500,000 in qualified Portuguese funds is another investment option.
Company
- In a Portuguese firm owned by the primary candidate, providing at min 10 new full-time employment.
- In low-density regions, providing at min 8 new full-time occupations in Portuguese firms controlled by the primary applicant.
- Make an investment of €500,000 in a current Portuguese company that produces at least 5 full new employment over a three-year.
Donation
- Make an investment of €250,000 in conserving a piece of Portuguese history.
- Make an investment of €500,000 in a research and development project in Portugal.
Documentation for Portugal Golden Visa
The documents required for the Portugal Golden Visa are below:
- A passport photocopy
- The primary applicant must provide evidence of his or her investment.
- To authenticate the cash transaction, a statement from a Portuguese financial institution is required.
- Evidence of medical insurance
- Criminal history in the home country
- Documentation attesting to excellent behavior with the Portuguese Tax and Customs Authority and the Social Security System.
- Payment for the ARI application has been received.
Additional documentation can be needed depending on your specific situation.
NIF Number and Details of Bank Account
You must submit your investment from a Portuguese bank as the main candidate. To establish an account, you’ll also need your NIF number, which is a Portuguese tax identity number.
Let’s look at the changes to Golden Visa for Portugal.
Portugal Golden Visa 2022 Changes
Some adjustments to the Golden Visa to Portugal were made in January 2022:
- The lowest amount obtained through the investment fund option was increased from €350,000 to €500,000.
- The amount invested in capital transfers has been increased from €1 million to €1.5 million.
- Residential property investment was limited to the interiors and exclusively in low-density regions, with the exception of the Madeira and Azores autonomous regions.
There you have it! This is the procedure to obtain a Golden Visa for Portugal and a residency permit. Apply today and start a new life!
