The Portugal Golden Visa is an investment-based residence scheme in Europe. It is one of the most well-known investment immigration schemes. In 2012, the Portuguese Golden Visa Residence Permit (ARI) scheme was created. It is a residence-by-investment initiative meant to attract non-EU/EEA nationals to invest in Portugal. It gives a rapid way to obtain a Portuguese residency permit.
What distinguishes the scheme from those other European Golden Visa programs is that it may lead to Portuguese citizenship in 5 years without requiring actual residency in Portugal.
The program had attracted 10,348 investors as of 2022. As a result, the country received almost €6 billion.
Benefits of a Portugal Golden Visa
All Portugal residents by investment options provide unique incentives to the investor.
The following are the benefits of the Portuguese Golden Visa:
Right to live and work in Portugal
Golden Visa residence visa will grant you the legal ability to live and work in Portugal. This does not imply that you must move to Portugal and stay there. To keep your residency permit, you simply need to stay a minimum of seven days every year.
Visa-Free travel in Schengen countries / EU countries
With your Golden Visa card, you will be free to travel within the Schengen Area without the requirement for an extra visa. The card will function similarly to a Schengen visa. This was a significant bonus for a non-EU citizen and regular traveler.
Portuguese citizenship in five years
As a primary candidate, you may enroll your spouse, dependent children, and dependent parents in the program. They will receive their Golden Visa cards at the exact same time as you. They enjoy all of the benefits and are eligible to seek citizenship after 5 years, just like you.
Tax advantages
This could or could not be relevant in your particular instance. However, Portugal offers several appealing tax breaks. To begin with, Portugal doesn’t really tax your foreign money earned outside of Portugal; they only tax your income earned in Portugal. Moreover, if you desire to become a tax resident in Portugal, they offer a scheme called Non-Habitual Residency (NHR) that can exempt you from various income taxes for 10 years.
Portugal Golden Visa program is legal
The program adheres to European Union immigration guidelines. Golden Visa Portugal program is not banned by the Organization for Economic Cooperation and Development (OECD.)
Not a donation
Portugal does not require investors to make a donation in return for a residency visa. They openly provide a variety of real-world investment options which can result in a Portugal Golden Visa in the nation. As a result, I was able to put my money into a promising economy, seeking a competitive ROI while also obtaining residence as a bonus.
Eligibility & requirements for a Golden Visa in Portugal
To just be able to apply for a Golden Visa in Portugal, you must first;
- You must be a non-EU, EEA, or Swiss citizen
- You must be a non-EU, EEA, or Swiss citizen
- You are over the age of 18. (for the main applicant)
- You have a perfect criminal record.
- Your cash will originate from somewhere other than Portugal.
Portuguese Golden Visa investment options
One of the most appealing aspects of the Portuguese Golden Visa is the variety of investment options offered.
To qualify for Portugal residence by investment, you must make one of the following investments.
1. Real Estate Investing: Portugal’s most popular option The Golden Visa
It is probably the most often-used approach. It has several choices within the category.
- Real Estate Option €500,000
- Rehabbed Real Estate Option €350,000
- Real Estate in Low-Density Areas for €280,000 or €400,000
2. Portuguese fund investment
A minimum investment of €500,000 in an eligible Portuguese investment fund. To be eligible for the Portuguese Golden Visa program, the money must meet certain criteria.
3. Job creation
Ten new jobs are being created at a Portuguese company. The roles must be brand new and full-time. The corporation must be a limited liability company with a single proprietor. And, as previously said, only one owner will be eligible for the visa, together with his family members.
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