However, key differences between the two programs exist and it’s important to know what these differences are. If you are a holder of the Golden Visa in Portugal and are residing in the country, where you spend more than 183 days every year in the country, you are covered by Portugal’s healthcare system, with amazing discount rates. The most economical investment route for the scheme is to make a €280K investment in the rehabilitation of real estate in low-density areas. Since its inception in 2012, thousands of families have successfully relocated to Portugal, Opportunities to become a permanent resident or citizen is possible, provided that the qualifying. Obtain a European Residency by investing in Portugal. Everything you need to know about retiring in Vanuatu, Portugal Golden Visa Statistics – January 2021 update, Portugal Golden Visa mortgage requirements here. Compared to July (56 million euros), investment raised through 'gold' visas rose 2.8%. The Golden Visa fees can vary, depending on the situation and on the person. Meaning, your family can also enjoy the same freedom of opportunities and a second residence in a safe and stable country! You can of course change your mind and withdraw your consent at any time, by returning to this site after clearing the cookies on your computer or device. Almost a year since they were first mooted, changes to Portugal’s lucrative golden visa investment programme have been approved. Check out our Portugal vs Spain Golden Visa comparison guide below for more information. Your Golden Visa investment journey. Disclaimer: Fees can change, depending on the Portuguese government. The Portuguese golden visa is a manner of acquiring residency in the country (and in some cases even Portugal citizenship) through investments in real estate for third-country nationals.Initially launched as a program to encourage foreign investors to seek opportunities in the country, it has been largely popular and receives significant applications every year. 5 – Golden Visa issuance: After your biometrics, it takes around 4 months for your Golden Visa to be approved by SEF. Expatica helps make your expat journey the experience you've always wanted. Investors will be unable to buy property worth €500K in urban centers of Portugal including the Algarve, Lisbon and Porto. The Portugal Golden Visa Program, also known as the Residence Permit Program is a five-year residency-by-investment scheme for non-EU nationals. Global Citizen Solutions is a crypto-friendly company. Does Portugal Golden Visa Program grant citizenship? For Cyprus, you can get a passport in a year, provided that you make a qualifying investment worth €2.0 million in real estate first, plus a donation of €75,000 to the Governments Research and Development fund and €75,000  to the Land Development Organisation. The Golden Visa not only allows you to live and work in Portugal, but also affords you the right to visa-free travel throughout the European Schengen Area. The Portugal golden visa scheme is the main driving engine of real estate sector, which represents 15% of the national GDP. The Portugal Golden Visa investment threshold starts from €280K, but the timeline to citizenship takes five years at least. The Portuguese golden visa scheme also allows family reunion. The family extension is offered to the spouse, dependant children and dependant parents. Yes you can get Golden Visa Portugal citizenship after five years of holding your Golden Visa investment. CAPITAL EMPLOYMENT PROPERTY. This can be done by us remotely. The following Golden Visa Portugal documents required can change at the discretion of the Portuguese government. We can ensure the correct paperwork is in order, and we’ll submit it for review. They are also eligible for permanent residence after five years and Portuguese citizenship after six. Launched in 2012, investors can obtain residency permits for themselves and their families provided that they make a qualifying investment in real estate. The processing time is relatively quick and straightforward. We can simplify access to property investments, provide local insights, help with legal assistance, tax planning, and more—all while ensuring efficient, personalized, and confidential service. NOTE: These settings will only apply to the browser and device you are currently using. Any non-EU/EFTA national can apply for a golden visa in Portugal. If a legal representative organizes your pre-registration appointment for you, then they must complete it through a different website. Portugal Looks to Cut ‘Golden Visa’ Incentives for Foreign Property Buyers By . With citizenship under your belt, you can enjoy the right to live, work, and study anywhere in the EU and travel visa-free to over 182 destinations. Investing in private equity funds or Portugal Golden Visa venture capital funds is a good option for acquiring residency in Portugal. Which cookies and scripts are used and how they impact your visit is specified on the left. 3 – Make the investment: We can begin securing your investment, and will guide you through the necessary paperwork required to ensure a successful investment. The Portugal Golden Visa renewal process is relatively straightforward. Speak to one of our Portugal Golden Visa Consultants so we can understand your objectives and help you move forward. While the golden visa application is relatively straightforward, there are quite a few steps to take toward a successful application. The minimum investment is €500,000, which must be made on any type of property or in any number of properties and anywhere in the Portuguese territory. Once a Portuguese golden visa has been processed, the SEF contacts the applicant (or their legal representatives) to set up an appointment. The Golden Visa Portugal is one of the most popular residency-by-investment programs in the world. GOLDEN VISA can help businessmen and investors wishing to gain a foothold in the lucrative European Economic Community Schengen area through Portugal’s new “Golden Visa ” opportunity.. With the simple investment of a minimum €500,000 ($685,000) to purchase a Portuguese property we can facilitate immediate access to those markets across the European Economic Community. After obtaining your NIF, we can help you open a bank account in Portugal. Many expats buy properties in Portugal for tourism purposes, or to serve as a second home or a retirement destination. The Portugal Golden Visa business investment option offers investors the opportunity to generate ten jobs for a Portuguese business or single-member company. Portugal’s prime real estate market has also prompted an influx of property investors to purchase property for sale in Portugal. This is a fantastic option as it’ll allow you to then directly benefit from Portugal’s Non-Habitual Tax (NHR) Regime. Yes you can take a Portugal Golden Visa mortgage to pay for your property, as long as the minimum investment threshold is met. You must have a clean criminal background, make the qualifying investment and hold it for five years, as well as fulfill the stay requirement. The funds are managed by accredited fund managers who are accredited by Portugal’s regulatory body, the CMVM. Why exactly is the Portugal Golden Visa so in-demand? Must incorporate or increase the share capital and create at least 5 full-time permanent jobs for at least 3 years, The most economical investment route for the scheme is to make a €280K investment in the, rehabilitation of real estate in low-density areas. Applicants must make at least one of the investments below, either as an individual business person or via a business set up in Portugal or another EU member state. Find out more in our complete guide to Portugal’s Non-Habitual Resident Tax Regime and the Portugal Golden Visa tax benefits. Read more in our guide to taxes in Portugal. At present, the Portuguese government has rolled out changes to the Portugal Golden Visa, due to come into effect in July 2021. With offices worldwide and an experienced, hands-on team, we help clients from around the world acquire Portugal Golden Visas or homes while diversifying their portfolio with robust investments. Range of investment routes to pick. Take a look at our guide for Portuguese residency for EU citizens and family members. With an investment of as low as 250,000 Euro, you can get a second chance in Europe. Portuguese golden visa applications can also be submitted in-person by the applicant or appointed legal representative to the closest Regional Directorate or local branch of the SEF. If you aren’t living in Portugal, you need private health insurance in Portugal to cover you. Read more about getting a family visa or Portuguese spouse 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. There’s also an option to register as a fiscal resident for tax purposes in Portugal. Over 92% applicants seek this investment route. And why are non-EU citizens applying in the hundreds? Many non-EU citizens have already benefited from the opportunity to invest in Portugal, and to obtain a residence permit. The golden visa in Portugal is designed to encourage investment from non-EU/EFTA nationals. Transfer of funds - € 1 million . You must fit at least one of the following categories to claim Portuguese residency by investment: Portugal’s investor visa covers shareholders of companies already set up in Portugal or in another EU state with a stable residence in Portugal and tax obligations fulfilled. Portugal Golden Visa Golden Visas will still be available, but only outside Lisbon, Porto and the coastline (Starting July 1st, 2021 Limits on the granting of residence permits, which aim to channel investment inland, will have a transition period that will last until 2022. The golden visa can absolutely get you citizenship. In this Golden Visa Portugal 2021 Ultimate Guide, you’ll learn more about: The Portugal Golden Visa Program, also known as the Residence Permit Program is a five-year residency-by-investment scheme for non-EU nationals. This is because Portugal is seen as a prime destination among property investors, with a flourishing real estate market, high rental yields, and booming tourism industry. This is a fantastic option as it’ll allow you to then directly benefit from Portugal’s, Capital gains from the disposal of real estate, Business and self-employment profits derived from eligible occupations (but be mindful of relevant double taxation agreements). . The Portugal Golden Visa grants all the benefits of living and working in Portugal to the family members. This site uses functional cookies and external scripts to improve your experience. Who can get a golden visa in Portugal? The funds are managed by accredited fund managers who are accredited by Portugal’s regulatory body, the CMVM. The Portugal Golden Visa processing times usually takes anywhere from three to six months for approval and issuance of your residence card. To get the Portugal Golden Visa permanent residence, you must make and maintain your qualifying investment for a minimum of five years. With golden beaches, enticing foods, and excellent weather, both Spain and Portugal offer safe and stable lifestyles in the heart of Europe and straightforward ways to obtain temporary residence permits. Golden Visa Portugal fees. However, after 5 years of compliance with the regulations, investors may apply for naturalization. Posted: January 6, 2021January 7, 2021 - Updated: January 7, 2021, Home » Residency By Investment » Portugal » Golden Visa Portugal 2021 – The Ultimate Guide by Experts. Original documents must be accompanied by a certified translation in Portuguese, which may be done in one of three ways: These are relatively straightforward processes in Portugal and can both be done remotely. We now accept cryptocurrency as payment for our services through the portal Coingate. Please refer to the frequently asked questions below for more information. However, the other real estate investment options will remain untouched. Your dedicated fund manager ensures that the Portugal Golden Visa fund investments are appropriately managed in start-ups or medium-sized projects with optimal growth potential. We use cookies to ensure that we give you the best experience on our website. To invest for the Portugal investment fund golden visa, you must contribute at least €350K in sectors like real estate for example. We keep this section updated to reflect all changes or new amendments related to the Portugal Golden Visa application process. Global Citizen Solutions 2017 - 2021 ©. Note that the certificates of criminal records or police clearance letters must have been issued no more than 90 days before submitting your application. The Portugal Golden Visa program provides a fast track for non EU residents and investors to obtain a residency permit and citizenship rights. Also, the documents must be submitted by Golden Visa applicants both for the initial application and for each renewal. Investors for the Portugal Golden Visa can also obtain a European passport in just five years, whereas investors for the Spanish Golden Visa must wait ten years. The following family members can be included in the application: To get the Golden Visa in Portugal, you must make a qualifying investment ― usually in real estate or funds  ―and hold the respective investment for five years. The Portugal Golden Visa property for sale must at least be more than thirty years old and undergoing renovation. All rights reserved. Your choices will not impact your visit. GOLDEN VISA ISSUED, NOW VALID FOR 2 YEARS, RESIDENCY PERMIT NEEDS TO BE RENEWED. Pay the government permit issue fee. 350,000 Euro Renovation Of Property: The Second Most Popular Option The government in Portugal offers this lower investment threshold for investors who are willing to purchase a real estate property that is at least 30 years old and renovate it. In Portugal, you can enter the Golden Visa Scheme with an investment amount of €280,000 for a property that’s more than 30 years old or €400,000 for a new hands-off investment property. The costs of getting a Portuguese golden visa include the following: Portuguese golden visa fees are payable directly to the SEF. There are many Golden Visa Portugal benefits. Portugal vs Spain golden visa: which is better? The Portugal Golden Visa property for sale must at least be more than thirty years old and undergoing renovation. Here are the prices, all of them payable directly to the Immigration and Borders Service (SEF): The processing fee of the first application or the renewal of the Golden Visa for the first applicant: €527.60; A Golden Visa €350,000 minimum investment can be made to a private equity fund. These include investors only getting taxed on their worldwide income if they reside in Portugal for more than 183 days in any given year. Lifestyle choices vary, which is why we take the time to learn about your individual situation and requirements. Online pre-registration is required. Portugal Golden Visa documents and the Portugal Golden Visa application form must be legalized and translated into Portuguese by a certified translator. NHR is a generous tax program with numerous benefits pertaining to your global income. After five years with the Portugal Golden Visa, you can get permanent residency and citizenship, but for the Spain Golden Visa, you must wait 5 years for PR and ten years for citizenship. Additionally, as the Algarve is classified as a low-density area, foreign investors can obtain the Golden Visa for as little as 400,000€. Some top benefits of the program include: A winning benefit of the golden visa is that your dependent family can be included in the application. Established in 2012, Portugal’s Golden Residence Permit Program(ARI) enables non-EU/EEA citizens to obtain a special residence permit in exchange for a 5-year investment in Portugal. Portuguese Golden Visa applicants do not have to take the Portugal Golden Visa language test in order to obtain a residency permit, although they must complete the test in order to gain citizenship. The golden visa grants qualifying investors and their family members the right to live, work and study in Portugal and permits free movement in Europe’s Schengen Area. There are many Golden Visa Portugal tax benefits. Portugal Golden Visa allows you and your family to become European citizens in five years. Applicants must also provide evidence of their investment, such as: To renew a Portuguese golden visa, applicants may need to provide evidence that they’ve complied with the minimum stay requirements during the period. IMPORTANT: Portugal Golden Visa Changes 2021, Access to 26 nations in the EU & visa-free travel to 183 nations, Affordable investment options starting from 280K, 5-years until you qualify for a European passport, A sound investment in a buoyant market that can lead to real returns, Option to become a non-habitual resident and pay little to no tax for 10 years, Dependent children under 26 as long as they are single and enrolled as full-time students, Parents of either spouse if over 66 years old (or 55 and dependent), Siblings under the age of 18 years from either spouse or partner if legally responsible. To qualify for the program, you must fulfil the following Golden Visa requirements for Portugal: Global Citizen Solutions is a boutique consultancy firm with years of experience delivering bespoke residence and citizenship-by-investment solutions for international families. Portugal Golden Visa new rules, which were due to come into effect in 2021, have been postponed. From an ongoing COVID-19 pandemic to Portugal Golden Visa changes, it’s important to stay informed. Expatica uses technology such as cookies and scripts to personalize content and ads, provide social media features, and analyze our traffic. Through this Portuguese residency programme, you can qualify for permanent residence and citizenship after five years. Have a cookie The test, called The CIPLE Portuguese proficiency test, checks to see if you have a basic understanding of the Portuguese language. Opportunities to become a permanent resident or citizen is possible, provided that the qualifying investment is kept for at least five years. Investment of at least 500.000 EUR in small and medium businesses in Portugal A lower density area which gives you a 20% reduced investment complies to the NUT3 level with fewer than 100 inhabitants per kilometer squared or GDP per capita less than 75% of the national average. Our, Golden Visa Portugal 2021 – The Ultimate Guide by Experts, The Golden Visa Portugal is one of the most popular residency-by-investment programs in the world. We are happy to assist you every step of the way. It does not grant citizenship directly. The Portuguese golden visa offers a fast-track to obtaining a residency permit in Portugal, alongside other benefits. You can invest in newly-built properties in thriving Lisbon or Porto starting from €500k, or invest in used property for the goden visa starting from €400K. The Portugal Golden Visa Program is a residency by investment program. Can the Golden Visa Portugal get me citizenship? The children need to be under the age of 18. The Portugal Golden Visaminimum investment is €250,000 and you can choose from a range of investment routes. While you don’t need a Portugal Golden Visa language test, if you want to get Portuguese citizenship after your five-year investment is up, then you must take the Portuguese language test for citizenship. Henrique Almeida. VALID FOR 2 YEARS, BOTH PERMANENT RESIDENCY AND CITIZENSHIP MAY BE REQUESTED OTHERWISE GV WILL NEED TO BE RENEWED IN YEAR 6. The Portugal Golden Visa program is one of the most popular residency by investment schemes in Europe. Portugal’s Golden Visa income tax benefits are a big draw for foreign investors looking to get the most out of their financial contribution. Global Citizen Solutions has already helped many crypto investors in acquiring their Golden Visa in Portugal and other citizenship by investment programs. Minimum investment of €250,000. The advantages of the Portugal Golden Visa include visa-free travel across the Schengen states, the right to live and work in Portugal, the ability to include each qualifying family member within the residence program, and the possibility to apply for Portuguese citizenship once you held your Golden Visa for at least five years. Check out the latest changes to the Portugal Golden Visa Program here. We’ll then collect the residence cards on your behalf and send them to you. Spain vs Portugal Golden Visa, what’s better depends on what you’re looking for and how fast you’re looking to get citizenship. Golden Visa Residency and Citizenship. In line with general requirements for all residents, Portuguese golden visa holders can apply for permanent residence in Portugal after five years of residence; they can apply for Portuguese citizenship after six years of residence. You must hold your investment for at least five years before you’re eligible to apply for permanent residency and a Portuguese passport. Since its launch in 2012, the Golden Visa Portugal program has granted many investors with an expedited residency permit allowing free travel access within a majority of European countries (Schengen area). Visa holders don’t need to pay extra taxes on income produced outside of Portugal. Investors from EU/EEA countries or Switzerland don’t require a golden visa but will need to register their stay. This visa is for non-EU investors who invest a minimum amount as defined by law. You have permanent free entry and movement throughout the Schengen Area (26 European countries) After five years, you can apply for Portuguese citizenship. You may change your settings at any time. . The NIF is your tax identification number, distributed by the Portuguese fiscal authorities (Finanças) used for tax purposes that are needed to carry out various transactions including opening a Portuguese bank account and buying property. … Documents can be legalized either by the Portuguese Consulate or by the Apostille of The Hague Convention. https://www.expatica.com/pt/moving/visas/golden-visa-portugal-1042263 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), In order to obtain the tax identification, Generate 10 new jobs for a Portuguese business or single-member company (reduced to 8 positions if in low-density area), Portugal Golden Visa €350K real estate investment in rehabilitation project (reduced to €280K if located in a low-density area), €250K investment into preserving national heritage, €350K investment in an existing Portuguese business. Portugal also offers the NHR scheme, an attractive tax program providing tax-free incentives for up to ten years, depending on your income bracket. For the Portugal Golden Visa qualified investment fund, you can choose from sectors like energy, industry, technology, and real estate. The main benefits of the Portuguese Golden Visa program in comparison to the Spanish one is that investments can be made for a lower amount, starting from €280K. If you ask the experts, we can say without a doubt that the best Portugal Golden Visa investment option is Portugal Golden Visa real estate investment. With your Portugal Golden Visa, you must renew your permit in year one and year three as well as spend a few days in Portugal each year. The visa is also commonly referred to as the Resident Permit for Investment, as it fast-tracks Portuguese residency at a cost. Portugal’s stable and dynamic economy and exciting startup scene make it an ideal destination for businesses looking to set up EU operations. From July 2021, investors cannot buy properties worth €500K in high-density areas like Lisbon, Porto, and the Algarve, as well as in coastal areas like Setubal and the Silver Coast. 2 – Bank account & NIF: In order to obtain the tax identification number (NIF) in Portugal, we will appoint a fiscal representative for you. There are certain criteria that need to be met, such as proof of income and accommodation, criminal record requirements, and basic level knowledge of the Portuguese language. Legalizing Portugal Golden Visa documents, Translating Portugal Golden Visa documents, By a translator who is accredited by the Portuguese Consulate, By anyone, if the translation is certified by a Portuguese lawyer, By the issuing country’s Consulate in Portugal, Getting a Portuguese NIF and opening a Portuguese bank account for the Portugal Golden Visa, While you don’t need a Portugal Golden Visa language test, if you want to get Portuguese citizenship after your five-year investment is up, then you must take, the Portuguese language test for citizenship. The Portugal Golden Visa is a golden visa program by the government of Portugal that grants residency in Portugal to people who invest in properties worth at least €500,000 or create 10 jobs in Portugal.. The Portugal Golden Visa update would have seen changes where you can buy property in Portugal, providing limitations on location. Before visiting, make an appointment with the SEF (+35 1 214 236 625; Monday through Friday, 9:00–17:30). From its mesmerizing Atlantic coastline and luscious landscapes to its year-round sunshine, Portugal’s charm is irresistible. Portugal’s sunny southern coast, the Algarve, has been voted a top destination for holidaymakers for the third consecutive year making it a no brainer if you are wondering where to make a smart investment.

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