LISBON, PORTUGAL, July 10, 2021 / 24-7PressRelease / – Portugal has become a popular destination for digital nomads, entrepreneurs and business people looking to relocate in recent years. One of the biggest draws is Portugal’s Golden Visa program. The Portugal Golden Visa allows people who make certain investments in Portugal to obtain residency.
So, if you are not a Portuguese citizen but looking to gain residency in the country, the Portuguese Golden Visa is one way to get there. Read on to learn more about this program, the visa process, and the benefits. As there are going to be changes to the program in January 2022, it’s time to apply.
What is the Portugal Golden Visa
Let’s first understand what this program is. The Portuguese Golden Visa was created by law on February 20, 2012. With this program, Portugal offers residency in exchange for an investment in the country.
The acquisition of real estate, the subscription of funds, the transfer of capital and the creation of jobs are among the types of investments offered by the program.
Portugal Golden Visa offers its holders many advantages, including the possibility of staying in Portugal without any additional paperwork required. Let’s find out more!
Benefits of Portugal Golden Visa
Here are some key benefits of the Portugal Visa program:
You have the right to live, work and study anywhere in the country.
You can enjoy the high quality of life that Portugal offers to all residents. A mild climate and abundant sunshine are the bonuses.
You can bring your spouse, dependent children under the age of 18, and dependent children who are full-time students with you under the Portugal Golden Visa program. In addition, dependent parents can also join you, provided that you are able to present proof of dependency.
You and your family members will be able to visit any country in the Schengen zone without any additional visa requirement for up to 90 days out of 180 consecutive days. A huge plus for frequent travelers, isn’t it?
You do not need to move to Portugal to keep your Golden Visa. Staying in the country an average of seven days per year will suffice.
With a Portugal Golden visa, you and your family have access to the country’s health and education services.
After living there for at least five years, you may be entitled to a Portuguese passport. This will give you access to the European Union as well as the freedom to travel to 188 countries around the world.
You are eligible for the Portugal Golden Visa program if,
You are 18 years of age or over,
You come from a third country,
You have a clean criminal record,
The money you plan to invest is yours and is neither borrowed nor lent,
You agree to keep the investment for at least five years.
Types of investment of Portugal gold visa
Acquiring real estate has so far been the most popular option in Portugal’s Golden Visa program. Here’s what that entails:
Buy a property with a minimum value of € 500,000. If you buy one in a low density area, the investment amount is reduced to € 400,000, or
Invest € 350,000 in a property that is part of an urban rehabilitation project. If the property is located in a low density area, the amount of the investment drops to 280,000 €.
Make an investment of a minimum of € 350,000 in an eligible investment fund. The Portuguese CMVM (Securities Market Commission) regulates investment options and the categories include venture capital investments in real estate or technology start-ups.
Make a capital transfer of:
Minimum 1 million euros in a bank account in Portugal.
€ 350,000 investment for research activities in science or technology.
Minimum € 250,000 to support the arts or the reconstruction of national heritage.
Buy company shares or invest at least 1 million euros in a company established in Portugal.
Create jobs for at least 10 Portuguese nationals.
Make an investment of at least € 350,000 that helps set up a business enterprise and employs five full-time Portuguese residents.
One of our community members on GoVisaFree.com obtained his Golden Visa through a subscription to a fund in Portugal. You can his story on our site: https://govisafree.com/portugal-golden-visa/
What will change in Portugal Golden Visa
From January 2022, certain changes will be made to specific investment options of the program.
Investing / buying property in metropolitan or coastal cities such as Lisbon, Porto or the Algarve will not be eligible for the program.
To benefit from the capital investment option, you will need to invest 1.5 million euros instead of 1 million euros.
The capital transfer for research activities, the minimum investment amount has been increased to € 500,000 against € 350,000.
The minimum investment amount for the transfer of capital into an investment fund has been increased from € 350,000 to € 500,000.
The minimum investment required to set up a commercial company and create five jobs has increased from € 350,000 to € 500,000.
So, if you are looking to apply for the Portugal Golden Visa, note that time is running out!
About Go Visa Free
Go visa-free is a community of digital nomads, entrepreneurs and frequent travelers. We share information and tips for living a visa-free and international life. Our main goals are to share various aspects of international life and to network with like-minded citizens of the world.
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