What is the application process for the Portugal Golden Visa?
- Choose an investment option
- Get a NIF (Portuguese tax number) and open a Portuguese bank account
- Make an investment
- Translate all of the necessary documentation
- Fill out your application
- Book a Portuguese Golden Visa appointment (this can take up to 3 months)
- Attend an interview
- Receive your Golden Visa permit after 3-6 months
- After 5 years of continued investment, you can then make your application for citizenship
Full Answer
How to get a visa and permit for Portugal?
- Obtain a travel document, the validity of which should exceed the duration of the stay by three months;
- Get health insurance;
- Buy a ticket;
- Have sufficient means to support oneself in the country temporarily;
- Not be registered in the Integrated Information System of the Foreigners and Borders Service (SEF) or in the Schengen information system.
How to get residency in Portugal?
To get a resident permit, you must meet one of the following:
- Have a job in Portugal, employed or self-employed, thanks to a residence visa for work;
- Be enrolled in higher education, research, or volunteering, and have a Study Visa or similar;
- Open a company or a Start-Up in Portugal and have a Business Visa;
- Have your own retirement pension or any regulated passive income and have a D7 Visa;
Does US citizen need a visa for Portugal?
U.S. citizens may enter Portugal for up to 90 days for tourism or business without a visa. Your passport should be valid for at least three months beyond the period of stay.
What are the requirements to live in Portugal?
- Residence permits for individuals who suffer from health conditions requiring prolonged medical care.
- Residence permit for individuals who have completed military service in the Portuguese Armed Forces.
- Residence permit for minors, born in national territory to foreign parents who are holders of residence permit.
Who can apply for Portuguese Golden Visa?
India citizens are eligible for Portugal Golden Visa residency through buying Real Estate, OR thru a Capital transfer and OR through job creation. This is your chance for Immigration to Portugal. According to Portuguese nationality law, the permanent residence permit leads to Citizenship after 5 years.
How long does it take to get Portugal Golden Visa?
three to six monthsThe Portugal Golden Visa processing times usually takes anywhere from three to six months for approval and issuance of your residence card. Once your Golden Visa is issued, your residence card is valid for 2 years.
How do I apply for a Golden Visa for Portugal?
How To Get a Golden Visa in Portugal: Application ProcessStep One: Decide on Your Investment Type. ... Step Two: Gather All Necessary Documents. ... Step Three: Get a NIF and Open a Bank Account. ... Step Four: Finalize the Investment. ... Step Five: Submit Pre-Application. ... Step Six: Schedule and Attend Your SEF Appointment.More items...
How much do you need to spend to get a Golden Visa in Portugal?
Portugal's Golden Visa requirements Qualifying investments to obtain a Golden Visa typically fall into one of three categories: real estate, business, or capital contributions. Investment opinions include: Transferring at least €1,000,000 EUR ($1,095,890.00 USD) to Portugal. Creating 10 or more jobs in Portugal.
Is Portugal Golden Visa worth it?
The Portugal Golden Visa is one of the best know and most popular in the world. Portugal's residency by investment program is well managed, transparent, and offers a clear path to European citizenship by investment.
Where can I buy Golden Visa 2022 in Portugal?
Only properties in Azores and Madeira, as well as interior territories, are now eligible for the Portuguese Golden Visa as these are low-density areas. Although Porto and Lisboa are the most common places to purchase property, there are also other areas like Braga that are great investments.
How much money do I need to get residency in Portugal?
€1,070You may get a temporary residence permit if you have regular passive income from your investments and you wish to settle in Portugal. Usually the permit is granted to those who can prove that they have a monthly regular income of at least €1,070. Your direct dependents may be included in the application.
Can I get residency in Portugal if I buy a house?
Buying property in Portugal allows you to acquire a Portugal residence permit, as long as you stay in the country for a minimum of 14 days each two years. That means you can buy a property in Portugal and get residency! Moreover, you may apply for citizenship and an EU passport five years after obtaining residency.
Where can I buy a Golden Visa in Portugal?
Portugal Golden Visa real estate properties – south bank Palmela Village villas280K Lagos hotel buy back.280K Alcacer do Sal apartments.280K Algarve thermal sap hotel*280K Grandola I*280K Individual villas*350K Lisbon Pestana Hotel Buy Back*350K Lisbon PM touristic apartments*350k Porto LM student accommodation*More items...
How long can you stay in Portugal if you own a property?
You will still be permitted to spend up to six months of the year in your home on the continent, as long as you abide by the 90/180 rule. If you are looking to stay for a period longer than 90 days without becoming tax resident, you can then apply for an extended authorisation in your chosen country.
What are the changes to Portugal golden visa in 2022?
Portugal Golden Visa Changes 2022 You are no longer able to get residential property in major cities such as Lisbon or Porto or in coastal towns of the mainland. Only the property investments inland and possibly rural or low-density areas are eligible.
How hard is A2 Portuguese?
The A2 CIPLE language test for Portuguese proficiency is not particularly difficult and can be passed relatively easily with some prior preparation. It is designed to test candidates' ability to use and comprehend everyday Portuguese expressions.
How long does a Golden Visa take to process?
Once all required documents are successfully submitted, the initial approval will take up to 48 hours. After the cancellation of the applicant's current visa and a completed medical assessment, the Golden Visa will be issued within three to five working days.
How long does it take to process Golden Visa?
What Is The Processing Time For The UAE Golden Visa? The UAE Golden Visa processing time is about 48 hours once all the required documents are submitted. If you apply for a nomination, you will receive your visa in 2 months.
How many golden visas has Portugal issued?
According to Portugal's Golden Visa figures, 1,182 main applicants were granted the residence permit in 2020. In the same year 2,043 dependents also received the Golden Visa. 1,094 of these main applicants applied via the real estate property purchasing route, investing €588m EUR in 2020.
Is Portugal golden visa ending?
Will The Portugal Golden Visa Program Be Canceled? The Portugal Golden Visa is not suspended in 2021. The Portugal Golden Visa latest news is that the only suspension is in relation to the ability to apply to the program by purchasing residential property located in urban areas such as Lisbon, Porto and the Algarve.
What is Portugal Golden Visa?
The Golden Visa in Portugal is a program that awards investors with residence permits in Portugal, provided that a qualifying investment is made in...
Are there any Portuguese golden visa new rules I should be aware of?
Portuguese Golden Visa new rules have come into effect. In particular: The minimum investment threshold to qualify for residency has increased The...
How much do I need to invest for the Portugal investment fund golden visa?
To invest for the Portugal investment fund golden visa, you must contribute at least €500K in sectors like real estate for example.
What is the Portuguese Golden Visa renewal process like?
The Portuguese Golden Visa renewal process is relatively straightforward. With your Portuguese Golden Visa, you must renew your permit in year one...
Do dependents qualify for the Portuguese Golden Visa?
Yes, Portugal Golden Visa dependents are also eligible to be part of your Golden Visa application, for a fee.
Spain vs Portugal Golden Visa: what is better?
Spain vs Portugal Golden Visa, what’s better depends on what you’re looking for and how fast you’re looking to get citizenship. For the Portuguese...
Cyprus vs Portugal golden visa: what is better?
Cyprus vs Portugal golden visa, what’s better depends on what you’re after. For Cyprus, you can get a passport in a year, provided that you make a...
What are the benefits of Portugal's Golden Visa?
There are many benefits to Portugal’s Golden Visa. You have permanent free entry and movement throughout the Schengen Area (26 European countries)...
What are the tax benefits of Portugal's Golden Visa?
There are many tax benefits to Portugal’s Golden Visa. These include investors only getting taxed on their worldwide income if they reside in Portu...
What’s the Portuguese golden visa business investment option?
The Portuguese Golden Visa business investment option offers investors the opportunity to generate ten jobs for a Portuguese business or single-mem...
How long does a golden visa last in Portugal?
The investment established for the golden visa has to be maintained for a minimum of five years from the date when the Portuguese golden visa is established.
How long does it take to renew a Portuguese Golden Visa?
Each investment type has its own specific requirements for proving this. Processing time for a Portuguese golden visa is typically several months.
What is a golden visa, anyway?
The visa is also commonly referred to as the Resident Permit for Investment, as it fast-tracks Portuguese residency at a cost.
How long does a Portuguese Golden Visa last?
Portuguese golden visa holders receive a temporary residence permit for one year. Subsequent visa renewals last for two-year periods. After five years, golden visa holders can then apply for permanent residence in Portugal; after six years, they can apply for Portuguese citizenship.
What are the requirements for a Portuguese passport?
There are certain criteria that need to be met, such as proof of income and accommodation, criminal record requirements, and basic level knowledge of the Portuguese language.
What is the proof of legal entry into Portugal?
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.
Is Portugal a golden visa?
Portugal’s golden visa program offers a substantial level of legal rights, although it comes at a price (Photo: Motoki Tonn / Unsplash)
When will Portugal start Golden Visa?
Yellow zone – where residential properties will no longer be eligible for Portugal Golden Visa starting from January 1, 2022, with exceptions in some parishes.
How long do you have to stay in Portugal for a Golden Visa?
One of the advantages of the program is the short stay requirement – applicants are not mandated to live in Portugal. The minimum stay requirement is 14 days, consecutive or nonconsecutive, for each 2-year period. Contact us. The Benefits of Portugal Golden Visa. Minimal Stay Requirement.
How long does it take to renew a residence card?
Renewal needs to be done 30 – 90 days before the expiry of the current residence card.
What is the eligibility of family member applicants?
Documentary evidence of the eligibility of family member applicants, e.g. a marriage certificate for the spouse, birth certificates for the children (plus marital status certificate and proof of enrolment as students if over 18 years old) and birth certificates for the applicants having dependent parents (plus certificates of no income for the latter if under 65).
When will golden visas come into effect in Portugal?
The new rules of Golden Visa Portugal will come into effect on January 1st, 2022.
What proof of residence is needed for a new driver's license?
Proof of residence, such as a copy of the driving licence, a recent utility bill or of a recent bank statement for the main applicant.
What is a golden visa in Portugal?
Portugal Golden Visa program consists of a straightforward process to apply for Portuguese citizenship or permanent residence. We will walk you through the application steps required to successfully apply for the program.
How long does it take to get a golden visa in Portugal?
The Portugal Golden Visa timeline is comprised of five total years. The program follows a specific timeline and associated process. Here we outline what to expect in the five years leading up to permanent residency or citizenship.
Can US citizens apply for a Golden Visa?
United States citizens may apply for the Golden Visa, as any other qualified applicant will do. US citizens will need to follow the Portugal Golden Visa step-by-step process to submit the Portugal residency application.
What is the Portugal Golden Visa?
The Portugal Golden Visa program, also known as the residence permit for investment activity (ARI), is a residency by investment scheme designed for non-EU citizens.
Why do people choose Golden Visa Portugal?
These include the right to work and live in Europe, as well as travel freely within the European countries, and particularly the right to apply for EU citizenship at the end of five years.
How long does it take to become a Portuguese citizen?
It gives you visa-free access to the Schengen states. You can become a Portuguese citizen within five to six years. Portugal is not a blacklisted country and its Golden Visa program is not a blacklisted residence program either.
How long do you have to stay in Portugal for a golden visa?
Portugal Golden Visa program has a low stay requirement. Portugal requires the Golden Visa residents to spend a minimum of seven days annually on average in the country.
What is the IMI rate in Portugal?
The IMI tax rate ranges from 0.3 percent to 0.8 percent depending on the type, age, and location of the real estate.
How long is a Golden Visa valid?
You may then renew your Golden Visa residence card and the next cards will each be valid for three years at a time. Within those three years, you should spend at least twenty-one days in Portugal. As long as you maintain your investment, you may renew your Golden Visa card as many times as you wish.
How many days can you spend on a Golden Visa in Portugal?
The Golden Visa program will not bring any tax responsibility to its applicants unless you spend more than 183 days of the year in Portugal. In case you do, then you become tax residents in Portugal.
What is the Portugal Golden Visa program?
The Portugal Golden Visa program — also called the Residence Permit for Investment Purposes — allows eligible investors to get a Portuguese residency permit¹. This Golden Visa entitles holders and their immediate family to live, study and work in Portugal without restrictions.
Which investment types qualify for the Golden Visa?
The Golden Visa program was launched in 2012, and had a specific aim of pulling foreign investment into the country following the economic crisis.
Costs and fees of Portuguese residency by investment
The costs involved with applying for a Portuguese Golden Visa can be split into several different categories:
Timeline for the Golden Visa in Portugal
Here’s how the Golden Visa application and renewal timeline typically works.
Portugal residency by investment FAQ
Still got questions about the Portuguese Residence Permit by Investment — the Golden Visa? Here are some common questions and answers to help.
Who can apply for the Portugal Golden Visa?
Anyone who is not a citizen of the EU, EEA or Switzerland can apply so long as they make a qualifying investment.
What is the Golden Visa in Portugal?
The Portugal Golden Visa or ARI (Autorização de Residência para Actividade de Investimento) is one of the most popular citizenship by investment programs in Europe.
How does the renewal process for the Portugal Golden Visa work?
There is a renewal process at the end of years 1 and 3, which requires each applicant to resubmit biometric data and provide up-to-date criminal record checks.
What are the Portugal Golden Visa tax requirements?
As a Golden Visa applicant, you do not necessarily have to be a tax resident in Portugal or pay tax on your income from outside of Portugal.
Will I have to pay Social Security contributions in Portugal?
Golden Visa Portugal healthcare requirements depend entirely on you, and it is not necessary in most cases for you to pay social security contributions.
What are the benefits of the Portuguese Golden Visa?
Those who obtain a Golden Visa residence permit in Portugal can benefit from a number of benefits, such as:
When was the Portuguese Golden Visa established?
The Portugal Golden Visa was first introduced in 2012 as a way to incentivize investment in the country after the financial crisis.
