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The "Golden Visa" program was created by the Portuguese authorities in October 2012 and is a fast way for foreign investors from countries outside the European Union to obtain a permanent residence permit valid in Portugal and also allows traveling freely in the majority European countries (Schengen Area).
Under the "Golden Visa" program, non EU citizens only need to make one of the investments provided for by law in order to obtain a residence permit in Portugal. With the aim of attracting foreign investment to Portugal, Golden Visa is a very simple and flexible program, with simple and clear legal requirements.
The legislative amendment on the qualification of Investments to obtain a Residence Permit for Investment (Golden Visa), published in Decree-Law no. 14/2021 from February 12, takes effect on January 1, 2022.
What are its benefits and advantages?
- It is not necessary to obtain a visa to enter Portugal
- It is not necessary to obtain a visa to travel in Europe (Schengen Area)
- Living and working in Portugal, even if resident in a different country
- Extremely low minimum stay periods
- Permanent residence
- Residence extended to relatives
What are the requirements for obtaining it?
Each type of qualifying investment with specific characteristics, as follows:
- Real estate acquisition
- Minimum investment of €280,000 in properties to be rehabilitated in the interior of the country, Madeira, and in sparsely populated areas (Lisbon and Porto are excluded);
- Minimum investment of €400,000 if not for rehabilitation;
- Acquisition of one or several properties;
- All types of property;
- Possibility of co-ownership;
- Property intended for services, commerce and tourism, such as offices, shops, tourist apartments, aparthotels and the like, anywhere in the country;
- Own housing or lease.
- Fund transfer
- Minimum investment of € 1,500,000
- Funds transferred from abroad to a bank in Portugal
- Total independence to invest the funds
- Possibility of using the funds to invest in shares of companies
- Job creation
- Creation of a minimum of 10 jobs
- There is no minimum investment amount
- Without limitation of areas / activities
- Possibility of subsidies / incentives / benefits
The changes to the Portugal Golden Visa are intended to boost investment in the low-density areas of Portugal, relieving pressure from metropolitan locations and encouraging foreign investment in other areas of the country.
Lezíria do Tejo area
Municipalities: Chamusca, Coruche.
Médio Tejo área
Municipalities: Abrantes, Constância, Ferreira do Zêzere, Mação, Sardoal, Sertã, Vila de Rei, Vila Nova da Barquinha.
Leiria area
Municipalities: Alvaiázere, Ansião, Castanheira de Pêra, Figueiró dos Vinhos, Pedrógão Grande.
Central Alentejo área
Municipalities: Alandroal, Arraiolos, Borba, Estremoz, Évora, Montemor-o-Novo, Mora, Mourão, Portel, Redondo, Reguengos de Monsaraz, Vendas Novas, Viana do Alentejo, Vila Viçosa.
Alentejo Coast area
Municipalities: Alcácer do Sal, Grândola, Odemira, Santiago do Cacém.
Alto Alentejo area
Municipalities: Alter do Chão, Arronches, Avis, Campo Maior, Castelo de Vide, Crato, Elvas, Fronteira, Gavião, Marvão, Monforte, Nisa, Ponte de Sor, Portalegre, Sousel.
Where to apply for the Golden Visa?
- Submit the application online at: SEF
- Deliver the application to the Portuguese Diplomatic and Consular Posts abroad
- Deliver the application to the Directorates and Regional Delegations of the Portuguese Immigration and Borders Service
More information at: www.sef.pt