The official program "Golden Visa" helps its participants to obtain a residence permit for investing in the Portuguese economy in amounts ranging from 350-500 thousand euros. But the main thing is that the participants of the program are not required to be permanently in Portugal. It is enough to come at least once a year and only for one week.
Since October 2012, the Portuguese Golden Residence Permit Program has been operating, which allows citizens of other countries to acquire the necessary document for residence in the Portuguese republic - a Residence Permit. It gives the right to live in Portugal for 5 years, then permanent residence is issued there and it is allowed to apply for citizenship. Usually, after 6 years, program participants become Portuguese citizens.
The investment conditions are different:
From 250 thousand euros can be invested in cultural objects, - from 350 thousand euros to invest in research of a scientific and technical nature,
Invest 350 thousand or more euros in real estate with a service life of over 30 years, Invest at least 350 thousand euros in a business, subject to the creation of at least 5 permanent jobs, · To purchase real estate at a cost of 500 thousand euros (possibly a lower amount by 20% if real estate is purchased in districts with a low density of residence), · 500 thousand euros or more to invest in an already operating small or medium-sized enterprise, · 1 million euros or more to invest in a deposit of a local bank or invest in government bonds.
It is also remarkable that the conditions of the "Golden Visa" when investing in a business allow you to change the type of activity, and, if necessary, close it and invest in real estate. It is important that within 5 years the program participant does not withdraw his investments from the country's economy.
Benefits of the "Golden Visa"
The advantages are obvious:
- relatively low investment cost and the ability to recover costs in 5 years,
- without permanent residence in the country, the participant receives permanent residence after 5 years, and, in general, after 6-7 years - Portuguese citizenship,
- the status of a program participant gives the right to work and do business in Portugal, which implies leading a European standard of living with affordable prices for living.
Citizens who have immigrated to Portugal, after years of being in a "new life", often regret not having done this earlier, and upon arrival in the country they could not properly optimize their funds in order to get the maximum benefit from their investments. With the "Golden Visa" it became possible.
To obtain a residence permit in Portugal, an investor does not need to know the language or history of the state; permanent residence in the country is also not required. Experts from various international companies provide a whole range of services in acquiring dual citizenship by investment, will help save your money and time. In a few months with their help, you can become a member of the Golden Visa program and obtain a residence permit in Portugal.