Portugal’s citizenship by investment is one of the most desired programs globally. This scheme is relatively new, and it has become one of the best second citizenship schemes. The reasons to get a Portugal Golden Visa include direct access to the EU, a global lifestyle, enhanced mobility, and a high-ranking passport.

Portugal Golden Visa Requirements

Below are some of the requirements to attain Portugal’s Golden Visa:

1. This scheme is only valid for non-Swiss, non-EU, and non-EEA citizens.

2. The applicant will be required to invest a minimum of EUR 250,000 ($273.2, AED 1 million) in the country’s specified investment areas.

3. They will be required to maintain their investment in the country for over five years. After this period, the applicant and their immediate family will be considered eligible for Portugal’s permanent residency.

4. Portugal’s Golden Visa will be granted for one year. After a year, the applicant can renew the visa on a two-year period basis.

5. The stay period for the first year will be up to seven days. The applicant will be required to stay up to fourteen days in the country from the second year.

6. Every applicant must have a clean criminal record in their native country.

Specified Areas to Invest in Portugal

Portugal’s government has specified certain areas where applicants can invest to attain a Portugal Golden Visa. Those specified areas are mentioned below:

Capital Fund:

This is probably the simplest kind of investment. In this, the applicant is required to transfer at least 1.5 million euros to the capital fund of the country.

Real Estate:

Most investors choose to invest in the real estate sector of Portugal. Either you can invest in the residential or commercial real estate sector. The applicants will be required to invest 350,000 euros to 500,000 euros in real estate. However, if the applicant invests in a low-density area, then a 20% discount will be applied to the investment amount.

Job Creation:

The applicant can also start a company in the country and create at least ten full-time jobs. They can also invest in an already working Portuguese company. The investment should be up to 500,000 euros.

Scientific or Tech Research:

The applicant can also invest up to 500,000 euros for scientific and technical research in Portugal.

Fund Investment:

Applicants can also make fund investments of up to 500,000 euros in the region.

Donation:

One can also attain a Portugal Golden Visa by donating up to 250,000 euros to the reconstruction process.

Procedure for Attaining a Portugal Golden Visa

The following processes need to be observed to attain a Golden Visa:

Paperwork:

After deciding which area you want to invest in in Portugal, you must undergo paperwork. Moreover, the applicant’s dependents who will attain residency after five years will also have to complete the paperwork.

NIF:

Next, the applicants will need to have NIF (Número de Identificação Fiscal), a nine-digit tax number. For this purpose, you will need to get a fiscal representative. After this, you will attain an NIF.

Bank Account:

With an NIF, you will have to open a bank account in Portugal. All of this can be done remotely from the applicant’s native country.

Online Application:

The next process is to apply for the Golden Visa via an online application.

Pre-Approval Process:

Once your application gets pre-approved, you will get interviewed at the Embassy. After two months, the applicants will also be called for biometric collection.

Golden Visa:

About four months after biometrics, the visa will get approval from SEF (Serviço de Estrangeiros e Fronteiras — Portuguese Immigration and Border Service). Next, you will have to submit the permit issue amount.

Permanent Residency via Portugal’s Golden Visa

After these steps, you will be required to visit the country and stay there for the required period. If you have an investment in that area that requires maintenance, you will need to nourish the investment for five years. Otherwise, all you will need is to wait for this tenure. After five years, you will be eligible for permanent residency in the country.

Conclusion:

The information provided is for general guidance only. For professional advice before making your investment or immigration decisions feel free to reach out to us at Kisha Immigration, our team of experts is always available to guide you through.

For more information and to learn more about Portugal residency by investment service, contact us at +2347000611197, +2348165165009, or +14034376814, Or visit our website by clicking on the link below https://kishaimmigration.com/portugal/

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