PORTUGAL

GOLDEN VISA PORTUGAL THROUGH PROPERTY INVESTMENT

RESIDENCE PERMIT FOR INVESTMENT PURPOSES

Portugal boasts an excellent reputation and is considered one of the world’s most globalized and peaceful nations, with a high quality of life and a high Human Development Index ranking. It is among the oldest nations in Europe with a rich history, lively culture, exceptional cuisine, stunning beaches, and idyllic countryside.

The Portugal Golden Residence Permit Program is a five-year residence-by-investment program for non-EU nationals. Portugal is a full member of the EU. The residence permit allows visa-free access to Europe’s Schengen Area and requires an average stay of just seven days a year in Portugal over the five-year period.

DOCUMENTS REQUIRED

The rules governing the granting of Residence Permit for Investment (ARI/Golden Visa), in force from 8 October 2012, enable third-country nationals to obtain a temporary residence permit to conduct business activities with a visa waiver to enter national territory. The beneficiaries of ARI / Golden Visa are entitled to:

  • Residence visa waiver for entering Portugal;
  • Living and working in Portugal, on condition that they stay in Portugal for a period of 7 or more days, in the first year, and 14 or more days, in the subsequent years;
  • Visa exemption for travelling within the Schengen Area;
  • Family reunification
  • Applying for permanent residence (pursuant to the Aliens Act – Act number 23/2007 of 4 July with the current wording );
  • Applying for Portuguese citizenship, by naturalization, provided all other requirements set out by the Nationality Act are fulfilled (Act number 37/81 of 3 October, as amended);

All third-country citizens who conduct an investment activity, as an individual businessperson or through a company set up in Portugal or in another EU Member State and who, in addition, are stably settled in Portugal, provided these citizens fulfil the quantitative requirements and the time requirements set out by the relevant legislation, may apply for a Residence Permit for Investment, by one of the following routes:

  • Capital transfer with a value equal to or above 1.5 million Euros; Worldgoldenvisa.com will provide this document filled.
  • The creation of, at least, 10 job positions; Worldgoldenvisa.com will provide this document filled.
  • The purchase of real estate property with a value equal to or above 500 thousand Euros;
  • The purchase of real estate property, with construction dating back more than 30 years or located in urban regeneration areas, for refurbishing, for a total value equal to or above 350 thousand Euros; Worldgoldenvisa.com will provide this document filled.
  • Family reunification. Worldgoldenvisa.com will provide this document filled.
  • Portuguese, EU and EEE nationals are not eligible for the ARI/Golden Visa scheme.

NOTES
The granting of a residence permit shall entail: the absence of any fact which, if known to the competent authorities, would preclude the granting of the visa; Absence of conviction for a crime which in Portugal is punishable by a custodial sentence of more than one year; The applicant is not within a period of prohibition of entry into the national territory, following an expulsion measure from the country; No indication in the Schengen Information System; No indication in SEF’s Integrated Information System for non-admission purposes, under article 33 of the Aliens Act​;
Without prejudice to any special legal provisions (in this case the renewal deadlines), with the amendment introduced to article 75 of the Aliens Act, by article 192 of Act n.º 75-B/2020 of 31 december – State Budget to 2021 in force since 01/01/2021 and to 2021, the temporary residence permit for investment purposes is valid for two years [and not just one] from the date of issue of the corresponding title.

To the citizens holding a residence permit for investment purposes and their family members, complying with the requirements provided in article 80 of the Aliens Act and wish to be granted with a permanent residence permit, a permanent residence permit for investment purposes shall be issued, exempt of the provided in article 85, n.ºs 2, 3 and 4, subparagraph b) of the same diploma (cancellation of the right due to absences from the national territory, see article 65-k of the Regulatory Decree 84/07 of 5/11, as amended). The Permanent Residence Permit for investment purposes may be subject to specific fees of analysis and issuance, to be regulated by amendments to Ordinance 1334-E/2010, of December 31.

Contact our advisors for further details.