What is the golden visa program in Portugal?

What is the golden visa program in Portugal?

The Portugal Golden Visa is a residence visa issued to non-EU nationals who have made a significant investment in Portugal, such as purchasing real estate, making a capital investment, or creating employment opportunities.

Is the Portuguese Golden Visa worth it?

If you are simply looking to live in Portugal, this may not be the program for you. All in all, Portugal’s Golden Visa Program offers many benefits despite the significant investment required. For foreign investors looking for access to the EU and a powerful passport, the fees and costs may be worth the trouble.

How do I get a golden visa for Portugal?

To get the Portuguese Golden Visa permanent residence, you must make and maintain your qualifying investment for a minimum of five years. You must also spend a minimum of seven days in Portugal for the first year, then no less than 14 days each subsequent two-year period (this is called the stay requirement).

Does Portugal have a golden visa?

The golden visa in Portugal is designed to encourage investment from non-EU/EFTA nationals. The Portuguese golden visa offers a fast-track to obtaining a residency permit in Portugal, alongside other benefits. This visa is for non-EU investors who invest a minimum amount as defined by law.

How can I get permanent residency in Portugal?

Permanent residency can be obtained by an investment scheme, which is called the golden visa scheme. Portuguese law also permits to apply for residency by family reunification. The student also can apply for a residency permit, but their study should be more than six months.

How long does it take to get residence permit in Portugal?

Before applying for a permit you first need a residency visa which allows you to enter Portugal for the purpose of gaining a residency permit. The residency visa is valid for four months and it allows for double entry. The processing time for a residency visa is 60 days.

Can I get residency in Portugal if I buy a house?

An investment of €500,000 (or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years. Contact our advisors for further details.

Can I get a Portuguese Golden Visa with a mortgage?

Yes. You can take a mortgage to pay for your Golden Visa investment, as long as the minimum investment threshold is met without a mortgage. Portugal banks provide mortgages to both residents and non-residents, provided that the requirements are met.

How long can you stay in Portugal as a non resident?

You can travel to other Schengen area countries for up to 90 days in any 180-day period without a visa for purposes such as tourism. To stay longer than 90 days in any 180-day period, to work or study, or for business travel, you must meet the entry requirements set out by the country you are travelling to.

Is it easy to get permanent residency in Portugal?

How long does it take to get residency in Portugal?

In simplest terms, you can receive permanent Portugal residency once you’ve lived in country for five years with a temporary residence permit. To become a permanent resident of Portugal, you need to have a long-stay visa and fulfil minimum stay requirements.

How does the Portugal golden visa program work?

Portugal’s Golden Residence Permit Program (ARI) was established in 2012. It offers non-EU/EEA applicants and their families a special residence permit in exchange for a 5-year investment in Portugal. Applicants have two options – they can either invest €500,000 into real estate or €350,000 into real estate requiring renovation.

Do you have to pay taxes if you have a Portuguese Golden visa?

Becoming a Golden Visa holder in Portugal does not necessarily turn you into a Portuguese tax resident. Even as only a legal resident, however, you will pay taxes related to your investment in Portugal, as long as the investment generates an income.

Can you buy real estate with a golden visa?

Investors buying into the real estate market in Portugal for the Golden Visa now have excellent prospects for capital gain in the coming years.

Can a same-sex couple get a Portugal golden visa?

Same-sex couples are recognized and same-sex marriage is legal in the country. Accordingly, same-sex partners are eligible to get the Golden Visa as dependents, under family reunification. To learn more, you can read our guide on Portugal for LGBT Expats.