Why Apply for Golden Visa in Portugal

Why Apply for Golden Visa in Portugal

Share This Spread Love

Since 2012, Golden Visa in Portugal has granted European residency for over 10,000 applicants. The popular residency program offers several investment options to get a Portuguese Golden Visa.

Some of the benefits of Golden Visa for Portugal include low stay requirements and visa-free travel to Schengen countries. You can also choose to become a Portuguese citizen after five years of residency.

Let’s get to know more about the program below.

Key Points To Know About Portugal Golden Visa Program

Also known as ARI (Residence Permit for Investment Activity), Portugal Golden Visa Program is available for non-EU citizens. The total investment inflow from investors has reached over €6 billion since 2012.

Golden Visa in Portugal is a good opportunity if you want to get EU residency with your family. It’s both affordable and a fast scheme.

In addition to residency, Golden Visa to Portugal brings a quality lifestyle and a safe environment.

You can live, work, and study anywhere in Portugal when you get your Golden Visa. Your family members can apply with you simultaneously.

In the section below, you’ll find the benefits of holding a Golden Visa in Portugal.

How To Benefit Best From Portugal Golden Visa

One of the greatest benefits of this program is the affordable real estate investment options. The lowest required amount to apply for the program is €280,000. So, you can qualify by purchasing a property worth at least €280,000. You’ll find more details about this option in the sections below.

You Don’t Need To Move to Portugal

Golden Visa in Portugal does not entail any settlement in Portugal unless you want to. It requires a residency of only seven days each year. It already provides you with the right to residency. So, you can spend more time in Portugal if you wish to do so.

Working, Living and Studying Is Possible

Portugal Golden Visa Program grants you the right to live, work and study like a Portuguese resident. In addition, your family can also benefit from these rights. For example, your children can go to state schools or international schools in Portugal. Access to public healthcare services is another advantage.

Through the work permit, you can run your business or start a new one. You can also work anywhere in Portugal.

EU Citizenship and Visa-Free Access to Countries Worldwide

Golden Visa for Portugal allows easy access to the Schengen area. Once you get citizenship, your rights will be expanded and you can travel to around 187 countries visa-free.

You can apply for Portuguese citizenship when you fulfill the minimum residence requirements. To be able to apply for Portuguese citizenship, the following conditions are required to fulfill:

  • Having clean criminal records both from native country and Portugal
  • Passing a basic language test in Portuguese, and
  • Not having outstanding tax payments in Portugal.

Note that the Portuguese passport is one of the strongest passports worldwide.

Non-Habitual Tax Residency

In Portugal, you’ll become a tax resident if you stay for more than 183 days in Portugal. Being a non-habitual tax resident offers some benefits for you. The NHR (Non-habitual tax resident) program in Portugal was launched for this purpose. The program allows you to become exempt from certain income taxes for ten years.

Several Family Members Can Join You

The following family members can apply for Golden Visa to Portugal with you:

  • Spouse
  • Children under 18 years of age
  • Dependent children under 26 years old if they’re full-time students and not married
  • Principal applicant’s parents over the age of 65.

How To Get Portugal Golden Visa

Several investment options are available when you want to get Golden Visa in Portugal. The most option is real estate investment. Other options include fund subscription, capital transfer, company investment, and donation.

Find the details below.

Real Estate Investment

Portugal Golden Visa 2022 changes were applied as of the beginning of 2022. According to these amendments, residential properties in Porto and Lisbon do not qualify for a Golden Visa. However, you can buy commercial properties in these mentioned destinations and qualify for Golden Visa in Portugal.

The minimum investment amount is €280,000 if the property is older than 30 years, in urban rehabilitation and low-density area. If it’s not in a low-density area but ensures the other conditions, the amount increases to €350,000. Renovation of the property is also required.

The other two real estate options include an investment of real estate worth at least €500,000. If such property is in a low-density area, it drops to €400,000.

Investment Fund Subscription

This one is gaining popularity each day. A minimum of €500,000 investment of subscription in a qualifying Portuguese fund is sufficient.

Golden Visa in Portugal means more than European residency. Apply for the best investment option for yourself and get these advantages only within months.

Read More on KulFiy

Americans Moving to Portugal

8 Places You must visit on a Dubai City Tour

Leave a Reply

Your email address will not be published.