RESIDENCY BY INVESTMENTPortugal

Portugal is a country of sun, beaches and beautiful landscapes

Portugal is one of the oldest countries in Europe and also one of the most globalized and peaceful nations. A relatively small country of approximately 10.2 million people, Portugal boasts a rich history, a lively culture, exceptional cuisine, a mild climate, stunning beaches and an idyllic countryside. All of which are attracting more and more people to want to retire or own a second home there.

A member of the EU and Europe’s Schengen Area, Portuguese is the official language, but English is also widely spoken, particularly by younger generations and especially in the tourist regions.

LOCATION & TIME ZONE
Southwestern Europe.
Portugal is bordered by
the Atlantic Ocean, and
Spain to the north and east. GMT+1
CAPITAL
Lisbon
VISA FREE COUNTRIES
26 (Schengen Countries)
TOTAL AREA
92,090 sq. km
POPULATION
10.28 million
GDP & GDP/CAPITA
$240.7bn, $22,407
LANGUAGE
Portuguese
RELIGION
Catholic
GOVERNMENT TYPE
Semi-Presidential Representative Democratic Republic
CURRENCY
€ Euro
V.A.T
23%
INTERNATIONAL MEMBERSHIP
European Union, United Nations,
Council of Europe, International Monetary Fund.

Fact Sheet

WHY CHOOSE PORTUGAL

The Portugal Golden Visa programme has proven to be the most popular scheme in Europe for non-EU nationals. Investors attracted by its flexibility and benefits such as the right to live, work, and study in Portugal and free access to Europe’s Schengen Area. With investment options starting from €250,000 it is possible to gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.

MINIMUM INVESTMENT & PROCESSING TIME

  • €250,000 plus fees
  • Approval in 6-8 months

BENEFITS

  • Visa-free travel within Europe’s Schengen Area.
  • Low minimum requirement stay.
  • Family members included.
  • Eligibility to apply for citizenship after five years as a legal resident while keeping other citizenships.
  • Excellent international and Portuguese schools and universities.
  • International quality health care clinics and hospitals.
  • High quality of life and low crime rate.

QUALIFICATIONS

  • proof of legal entry into Portugal (e.g., Schengen short-stay visa).
  • proof of health insurance (issued within the last three months).
  • criminal record certificate from country of origin/residence (issued within the last three months).
  • evidence of compliance with tax and social security obligations.
  • receipt of payment of the Portuguese golden visa fees.
  • Investment in Portugal through, either property, job creation or a capital transfer.
  • Meet the minimum stay requirement of seven days in Portugal for the first year, then no less than 14 days each subsequent two-year period.

Investment Criteria

AVAILABLE OPTIONS

The programmes’ qualifying options are:

1.Investment

  • Capital transfer of a minimum of €1.5 million into a Portuguese bank account or specifically approved investment options.
  • €500,000 for research activities of public or private entities that are part of the national scientific and technological system*.

-€400,000 in a low population density area*

  • €500,000 in support of artistic production or in the recovery or maintenance of national cultural heritage*.

-€200,000 in a low population density area*

  • €500,000 for the acquisition of units of investment funds or venture capital funds committed to the capitalization of companies incorporated under the Portuguese law, with a maturity of at least five years and with at least 60% of the investment portfolio in companies that have a head office in the national territory.

2. Property

  • A real estate purchase with a minimum value of €500,000*(residential property is limited to designated interior areas)

-€400,000 in a low population density area*

  • A real estate purchase with a minimum value of €350,000 for the refurbishment of properties older than 30 years or in an area of urban regeneration, including the cost of renovations*.(residential property is limited to designated interior areas)

-€280,000 in a low population density area.

3. Job Creation

  • Creation of a minimum of 10 new jobs.
  • €500,000 for the incorporation or increase of the share capital of a company that is registered in Portugal, creating or maintaining a minimum of five permanent jobs for a period of three years.

CONDITIONS

*The threshold will be reduced by 20% should the funds be committed to a low population density area, defined as less than 100 inhabitants per km² or with a GDP per capita below 75% of the national average.

The residence permit is valid for a period of one year after issue and renewable for two subsequent periods of two years.

The Golden Residence Permit Programme requires at least four trips to Portugal during the five-year period: twice at the initial application (to choose the qualifying investment and start the legal process, and to provide the biometric data) and at each renewal (year 1 and year 3). Family reunification is possible at any stage of the programme.

Acquiring Citizenship in Portugal

In relation to those who are resident in Portugal, including those who follow the residence-by-investment programme, it is possible to apply for citizenship after five years of legal residence in Portugal, if:

  • The applicant is at least 18 years of age.
  • The applicant has been a resident in Portugal for at least five years.
  • The applicant has basic (A2 international level) knowledge of the Portuguese language.
  • The applicant has not been convicted for a crime that corresponds to a penalty equal to or more than three years according to Portuguese law.

In order to create more favourable conditions for citizenship approval, the applicant may demonstrate tangible connections with the Portuguese community.

Portugal allows dual citizenship.

Buying Real Estate in Portugal

A strong tourist market and retirement destination, especially favoured are master plan integrated communities such a golf courses which makes for a healthy and sustainable property market. The Algarve also attracts prime seafront developments whilst Lisbon has seen a growth in investment properties because of the Golden Visa programme.

We showcase properties across the country and select only those we consider offer something a little different and will always be in demand when the time comes to sell. The figures quoted for rental yields and capital appreciation are independently validated via annual real estate reports. As are the market prices. We only recommend companies with a proven track record not only in construction and on time delivery but as importantly in looking after our clients.

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