Portugal Residence By Investment
The Portugal Golden Visa Program is an investment program that offers non-EU citizens the opportunity to obtain permanent residency in Portugal through specific investments. Under this program, investors and their family members can acquire a permanent residence right within 6 months by making certain investments in Portugal. Moreover, after 5 years, they have the option to apply for Portuguese (EU) citizenship. The Portuguese passport is considered one of the most powerful passports in the world and, as of 2021, ranks 4th in global passport rankings.
In the Portugal Golden Visa Program, applicants can include their spouses, children up to 18 years old, unmarried and full-time studying children up to 26 years old, and parents aged 65 and above in their applications. To date, 16,910 family members have made Golden Visa applications and gained the right to permanent residency through the program.
With the Portugal residence permit, individuals obtain the right to live and work continuously in Portugal. Additionally, they can travel visa-free to Portugal and other EU (Schengen) countries.
Investors applying for the Portugal Golden Visa program are not required to reside in Portugal for the entire 5 years to gain citizenship. They only need to spend 7 days in Portugal during the first year and a minimum of 14 days in Portugal in the subsequent years. However, investors who wish to obtain citizenship are required to take a language test to demonstrate their proficiency in the Portuguese language.
The investment options available in the Portugal Golden Visa Program are as follows:
- Real Estate Investment: A minimum investment of €280,000 Euros in real estate can be made. With the new regulations, the minimum investment amounts will change in 2022.
- Fund Investment: Investors can invest a minimum of €350,000 Euros in CMVM-approved Portugal Golden Visa Funds. As of 2022, the minimum investment amount will increase to €500,000 Euros.
- Capital Investment: Investors can make a minimum investment of €1 million Euros or a minimum investment of €350,000 Euros with the requirement to create jobs. As of 2022, the minimum investment amount will increase to €1.5 million Euros.
The processing time for Portugal Golden Visa Program applications typically ranges from 6 to 8 months from the date of application.
Advantages of the program include:
- Portugal Golden Visa holders can travel visa-free to other Schengen countries.
- After 5 years of residence, they have the option to apply for Portuguese citizenship.
- Portugal's climate, culture, and cuisine may be attractive to Turkish investors.
- Real estate values in Portugal are steadily increasing.
- After becoming a Portuguese citizen, there is the opportunity to settle freely in other EU countries.
The Portugal Golden Visa Program has attracted applicants from various countries, including China, the United States, Turkey, Brazil, and Russia. The program's popularity continues to grow.