Golden Visa
Golden Visa
Q. M. I.
Q. M. I.
Much has been said about the attribution of Golden Visas.
But what actually are these visas? What are the advantages?
Much has been said about the attribution of Golden Visas.
But what actually are these visas? What are the advantages?
The Golden Visa Program launched by the Portuguese Authorities in October 2012 is a fast track for foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal ("Golden Visa").
Under the Golden Visa program, non-EU citizens simply need to carry out one of the investments set out in the law to qualify to obtain a residency permit in Portugal. This residency permit will allow the investor to enter and/or live in Portugal and to travel freely within the vast majority of European countries (Schengen space).
The Golden Visa Program launched by the Portuguese Authorities in October 2012 is a fast track for foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal ("Golden Visa").
Under the Golden Visa program, non-EU citizens simply need to carry out one of the investments set out in the law to qualify to obtain a residency permit in Portugal. This residency permit will allow the investor to enter and/or live in Portugal and to travel freely within the vast majority of European countries (Schengen space).
Aimed at attracting foreign investment to Portugal, the Golden Visa is a very straightforward and flexible programme, with simple and clear legal requirements. With extremely reduced minimum stay requirements, the Golden Visa is clearly one of the most attractive residency programs for investors in the world.
The Golden Visa Program will provide investors with the following advantages:
- No need to obtain a visa to enter Portugal
- No need to obtain a visa to travel in Europe (Schengen area)
- Living and working in Portugal, even with residency in a different country
- Extremely low minimum stay periods
- Permanent Residency after 5 years
- Citizenship after 6 years
- Residency extended to family members
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Portuguese Golden Residency Permit
New legislation aimed at attracting foreign investment to Portugal.
Fast track for foreign investors to obtain Residency Permits in Portugal.
Types of qualifying investments:
Property Investments - Acquisition of Properties above €500,000 in total.
There is also the possibility of requesting the residency permit just with the signature of a Promissory Contract of Purchase and Sale with a payment of a deposit of 500,000 Euro.
Joint acquisition of properties provided that each of the joint owners invest €500,000 or more (for example: 3 investors could make a joint investment of 1.5M€).
Possibility of financing above €500,000.
Total freedom to rent or lease the properties.
Capital Investments
Transfer of Funds above € 1,000,000. This may include direct investment into any company in Portugal.
Job Creation
Creation of a minimum of 10 jobs.
General requirement
Investments maintained for a minimum of 5 years.
Portuguese Golden Residency Permit – Property Investments – Legal Information
Acquisition of Properties above € 500,000.
Purchased after 8th October 2012.
Acquisition completed before the application for residency permit.
Properties acquired free from any charges or mortgages.
Minimum stays in Portugal – 7 days first year & 14 days following periods of 2 years.
Residency Application made within a maximum of 90 days after entry in Portugal.
Residency Permit granted for an initial period of 1 year & renewed for periods of 2 years.
Possibility of permanent residency after year 5 and nationality one year later.
Bearers of Investor Residency Permits may travel freely in the Schengen area.
Portuguese Golden Residency Permit – Documents & requirements
- Valid Passport and Schengen Visa.
- Valid travel document and medical insurance.
- Updated property documents showing ownership of property.
- Proof of means of income and proof of address.
- Accommodation.
- Absence of criminal conviction and of interdiction to enter the country.
- Absence of notice from the Portuguese Immigration Authorities or Schengen Services.
- Declaration from the investor confirming compliance with the investment requirements.
Portuguese Golden Residency Permit – Portugal Property recommended legal services.
All in one package of legal services with full support to the foreign investor covering the property acquisition and the application for investor residency permit.
PropertyWork:
Full legal due diligence on property.
Preparation and assistance on property acquisition, including client representation. Receipt and holding of funds in a Lawyers client/escrow account (if required).
Property registration procedures and document services.
Application for Golden Residency Permit:
Preparation and submission of initial application and required documentation Representation before the Portuguese Authorities.
Accompanying client to the Portuguese Authorities (when required).
Full assistance with renewals.
Aimed at attracting foreign investment to Portugal, the Golden Visa is a very straightforward and flexible programme, with simple and clear legal requirements. With extremely reduced minimum stay requirements, the Golden Visa is clearly one of the most attractive residency programs for investors in the world.
The Golden Visa Program will provide investors with the following advantages:
- No need to obtain a visa to enter Portugal
- No need to obtain a visa to travel in Europe (Schengen area)
- Living and working in Portugal, even with residency in a different country
- Extremely low minimum stay periods
- Permanent Residency after 5 years
- Citizenship after 6 years
- Residency extended to family members
--
Portuguese Golden Residency Permit
New legislation aimed at attracting foreign investment to Portugal.
Fast track for foreign investors to obtain Residency Permits in Portugal.
Types of qualifying investments:
Property Investments - Acquisition of Properties above €500,000 in total.
There is also the possibility of requesting the residency permit just with the signature of a Promissory Contract of Purchase and Sale with a payment of a deposit of 500,000 Euro.
Joint acquisition of properties provided that each of the joint owners invest €500,000 or more (for example: 3 investors could make a joint investment of 1.5M€).
Possibility of financing above €500,000.
Total freedom to rent or lease the properties.
Capital Investments
Transfer of Funds above € 1,000,000. This may include direct investment into any company in Portugal.
Job Creation
Creation of a minimum of 10 jobs.
General requirement
Investments maintained for a minimum of 5 years.
Portuguese Golden Residency Permit – Property Investments – Legal Information
Acquisition of Properties above € 500,000.
Purchased after 8th October 2012.
Acquisition completed before the application for residency permit.
Properties acquired free from any charges or mortgages.
Minimum stays in Portugal – 7 days first year & 14 days following periods of 2 years.
Residency Application made within a maximum of 90 days after entry in Portugal.
Residency Permit granted for an initial period of 1 year & renewed for periods of 2 years.
Possibility of permanent residency after year 5 and nationality one year later.
Bearers of Investor Residency Permits may travel freely in the Schengen area.
Portuguese Golden Residency Permit – Documents & requirements
- Valid Passport and Schengen Visa.
- Valid travel document and medical insurance.
- Updated property documents showing ownership of property.
- Proof of means of income and proof of address.
- Accommodation.
- Absence of criminal conviction and of interdiction to enter the country.
- Absence of notice from the Portuguese Immigration Authorities or Schengen Services.
- Declaration from the investor confirming compliance with the investment requirements.
Portuguese Golden Residency Permit – Portugal Property recommended legal services.
All in one package of legal services with full support to the foreign investor covering the property acquisition and the application for investor residency permit.
PropertyWork:
Full legal due diligence on property.
Preparation and assistance on property acquisition, including client representation. Receipt and holding of funds in a Lawyers client/escrow account (if required).
Property registration procedures and document services.
Application for Golden Residency Permit:
Preparation and submission of initial application and required documentation Representation before the Portuguese Authorities.
Accompanying client to the Portuguese Authorities (when required).
Full assistance with renewals.
