PORTUGAL GOLDEN VISA
GOLDEN VISA SCHEME PORTUGAL
The Golden Visa Program in Portugal has proven to be the most popular scheme in Europe with Investors attracted to its ease and flexibility to obtain along with all the benefits it provides.
The visa program was launched in 2012 and has been promoted by the Portuguese government as an investment in real estate, there are several ways to obtain the visa with the most popular being an investment of 500,000 Euros in to a freehold property in Portugal, there is a reduced version of this at 350,000 Euros however there are certain criteria that must be met.
The visa allows you and your dependent family (Children & Parents) to gain a residency permit in Portugal for 12 months and is then renewed on a 2 yearly cycle, to qualify for renewal you simply have to spend a minimum of 7 days in Portugal per year. This visa will allow you to travel freely across Europe within the Schengen Zone.
The most attractive part of the visa is that after 5 years of title you can then apply for permanent residency within Portugal and after 6 years you can apply for citizenship, the basic requirements to qualify is the initial investment, a clean criminal record and the ability to spend a minimum of 7 days in Portugal each year, without the need to reside in Portugal this visa has become the most attractive and popular option across Europe.
Once residency has been granted you will have the right to live, work and study anywhere within the European Union, once citizenship has been granted you will become a European citizen and will have the same rights of anyone in Portugal.
In 2012, Portugal approved special legislation designed to attract foreign investment, by offering a fast way for property investors (non EU citizens) to receive a residence permit, making it a privileged entry into Europe and allowing such permit holders free circulation in Schengen countries.*