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Portugal Citizenship

Specifics of international private law
Citizenship Euro > Portugal Citizenship

BENEFITS

  • Schengen residence card gives visa-free travel within Schengen area
  • Right to reside indefinitely in Portugal
  • Property can be rented out
  • May lead to citizenship after 5 years of residence
  • Visa-free travel to more than 160 countries including US
  • Low minimum stay requirements
  • Residency extended to family members
  • 3 investment routes: Real Estate, Job Creation, Capital Transfer

Legal amendments in Portuguese law now enable non- EU citizens to apply for a Portuguese Residence Permit in return for transferring capital, creating jobs or acquiring real estate in Portugal. This is possible by virtue of Law 29/2012 and Order number 11820-A/2012.

The Portuguese Golden Residence Permit Programme (Golden Visa) provides an opportunity for Non-EU  investors to obtain a residence permit through investment in Portugal. The applicant must make and maintain a qualifying investment for a minimum period of five years

If, after five years, an entrepreneur has met a unique set of requirements such as creating at least 10 new jobs in Portugal, they are able to apply for permanent residence. They may also seek Portuguese citizenship after six years of residence.

European citizenship & passport for investors and their families. Why not live and work in the EU?

 

The Portuguese Golden Residence Permit Program is a five-year investment-based residence process for non-EU nationals.

 

The residence permit allows free circulation in the Schengen Zone of 26 European countries and only requires an average of seven days per year to stay in Portugal. After five years as a resident, the applicant is eligible for citizenship if desired.

 

The applicant is only required to stay in the country for 7 days during the first year. This is a minimum requirement, but you are entitled to stay 365 days, as a resident, per your visa. You are also free to travel in the Schengen Area, as these European states operate on common visa policy.

 

The minimum stay requirement increases after the first year to 14 days.

 

Applicants are required to make one of these qualifying investments:

 

Property purchase 

 

1. Buying a property with a minimum value of EUR 500,000

  

2.Buying a property with a minimum value of EUR 350,000 located in an Urban rehabilitation area for the refurbishment of properties older than 30 years or in an area of urban regeneration, including the cost of renovations

  

 Capital transfer

  

1.Transfer of capital of a minimum of EUR 1 million into a Portuguese bank account or specifically approved investment options

  

2.Applicants may invest EUR 350,000 for research activities of public or private entities that are part of the national scientific and technological system*

  

3.Applicants may invest EUR 250,000 in the arts or in the reconstruction or refurbishment of national heritage projects

  

4.The applicant may invest EUR 350,000 for the acquisition of units of investment funds or venture capital funds committed to the capitalization of companies incorporated under the Portuguese law, with a maturity of at least five years and with at least 60% of the investment portfolio in companies that have a head office in the national territory

  

Business

  

1.Creation of a minimum of 10 new jobs

  

2.EUR 350,000 for the incorporation or increase of the share capital of a company that is registered in Portugal, creating or maintaining a minimum of five permanent jobs for three years

 

The validity period of the applicant’s residence permit is one year after issue and renewable for two subsequent periods of two years.

 

The Portugal Golden Visa Program requires the applicant to travel at least four trips to Portugal during the five years: twice at the initial application (to choose the qualifying investment and start the legal process, and to provide the biometric data) and also travel at each renewal (year 1 and year 3).

280000

Investment in Real Estate

Investment in properties with more than 30 years old located in areas with less than 100 inhabitants per km2.

Comparison

 

Malta Golden Residency Program (MRVP)  Vs Portugal Golden Residency Program

  Malta Residence andVisa Program (MRVP) Portugal Golden Residency Program
Residence Freedom to live or work in Malta Freedom to live or work in Portugal
Return on Investment Bonds, Property Property
Schengen Access Right to travel within the Schengen Area Right to travel within the Schengen Area
Investment options Contribution + Investment Investment
Contribution €30,000 + €5,000 per parents/grandparents
Government bonds €250,000
Real Estate Rent at €12,000 or purchase at €320000 (min) Property Purchase at Min. €280,000
Other Investments Job Creation OR Capital transfer
Dependants Spouse, Children with no age limit, parents(If financially dependent) Spouse, Children up to 24/25 years+ Parents

(if financially dependent)

Language Test NOT Needed Not Needed
Physical Residence No Physical Stay Requirement 7 days 1st year, 14 days remaining 2 years
Timing to finalize 3-4 months 5 months

Questions and Answers

 

1: What is the Portugal Golden Residence permit?

In October of 2012, Portugal introduced a new type of visa and residence permit for investors known as the “Golden Residence Programme“. The essential purpose of this new law is to facilitate foreign investments in Portugal made by individuals that are not citizens of the European Union.

2: What is the minimum investment required to obtain the Golden Residence Permit of Portugal?

To apply for a Golden Residence Permit, a foreign citizen must invest for a minimum of six years under one of three investment options: A. The acquisition of real estate with a minimum value of EUR 350,000; or B. The transfer of capital with a minimum value of EUR 1 million; or C. The creation of at least 10 new jobs registered with the social security department. The applicant must choose one of these three investment options at the beginning of the application process. If selecting the real estate option, the investment cannot be financed through a loan/mortgage – it must be a cash investment. Further, the investment must have been made after 8/10/2012 which is the date on which the law became effective. Real estate purchases prior to this date cannot be applied. If selecting the capital transfer option, the funds are to be held in a financial entity authorized to operate in Portugal. We can assist you in opening the required bank accounts.

3: For Portugal Golden Visa Program in what type of real estate can I invest in?

You are free to select whichever property you wish to purchase; residential, commercial or land. Your investment can be in one property or a portfolio of multiple properties as long as the minimum investment is met. The investment may be structured as a rental property, allowing you to stay the required average of seven days per year in your property while renting it out and earning income during your absence.

4: Once I obtain a visa do I need to travel to Portugal for a minimum number of days during the year?

Yes, the program requires a minimum stay of only seven days per year, on average. Specifically; the first-year minimum stay is seven days. The minimum stay during the second residency period (Years 2 and 3) is a total of 14 days (consecutive or non-sequential). The minimum stay during the third residency period (Years 4 and 5) is also a total of 14 days (consecutive or non-sequential).

5: Once I want to apply for citizenship do I need to move to Portugal or live in Portugal for a minimum number of days during the year?

No. Once citizenship is granted, there are no residency requirements.

6: How long does the application process take under Portugal Golden Visa Program?

The application takes approximately two months to process after all documentation has been filed and the required investment is made.

7: How long can I stay in Portugal with my Golden Visa?

The Golden Residence Permit is valid for a period of one year after issue and renewable for two subsequent periods of two years, resulting in a total of five years. There is then an option of another one-year extension, and after residence in Portugal for six years, it is possible to file for citizenship.

8: Does the golden residence permit of Portugal authorizes me to work?

Yes. The Golden Residence Permit authorizes you to live and work in Portugal.

9: Can I keep my tax residence outside of Portugal?

Personal taxation for non-residents on Portuguese-sourced employment and pension income is charged at a preferential rate of 25%, although interest and rental income, dividends and capital gains are taxed at 28%. Income derived from a foreign source and relating to employment income, pension income, and business and professional income can be subject to an exemption. Portugal does not apply a wealth tax. There is no tax on gifts or inheritances between parents, children, and grandchildren.

10: After I am granted citizenship and receive a Portugues passport, will I be able to travel to the United States with my Portuguese passport?

Yes. The Portuguese passport will allow you to travel to the U.S. under the visa waiver program which allows citizens of participating countries to travel to the United States without a visa for stays of 90 days or less. Source: U.S. Government

11: What is the usual process? The first step of applying for the Portugal Golden Visa Program.

Obtain a Schengen Visa. A) Fill Schengen Visa Application B) Schedule an interview at closest consulate or embass

12: What is the second step?

Advise exact traveling dates.

13: What would be the third step when arriving in Portugal?

We will pick you up at the airport, help you to make Check-in at your hotel, take you for formalities ( POA, NIF ), help you to open a Bank Account with referred Account managers, help you buy health insurance in case you don’t hold and international valid one

14: What would be the fourth and fifth steps?

Show you different types of properties, show you different locations such as Great Lisbon Area or/and Algarve, All properties with management/fact sheet/return on investment calculation / Gross value.

Help you sign the initial contract of each property, A) make a down payment – deposit to secure property B)Check Records of property C)Schedule the official property transfer – Public deed.

15: What would be the last step of the process?

Make the visa application, A) Prepare all documentation to be delivered B) Collect the permanent residence cards and deliver them to you.

Our lawyers will consult you on the phone and meet you in person.

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