1. What is the Golden Visa program in Portugal? 

The Golden Visa in Portugal is a residency-by-investment scheme that allows non-EU citizens to obtain a residency permit by making qualifying investments, such as Investment fund purchases, capital transfers, or job creation.

2. What are the main investment options under the Golden Visa? 

The primary investment options include:

• Investing via a Fund Investment or Capital Injection to the value of €500,000, many funds reduce this figure by “pre paying” dividends/compensation in advance to as low as €399,000. The minimum investment required for this option is €500,000, although some funds offer reductions.
• Capital transfer of at least €1 million.
• Creating at least 10 jobs in Portugal.
• Investing at least €500,000 in scientific or technological research, including contributions to private scientific research institutions.
• Investing €250,000 in arts or cultural heritage.

3. What are the eligibility criteria for the Golden Visa?

To qualify for Portugal’s Golden Visa program, applicants must meet several criteria. Firstly, they must be non-EU/EEA/Swiss nationals and at least 18 years old. A clean criminal record from both their home country and Portugal is essential. Applicants must also make a qualifying investment in Portugal, such as investing in a venture capital fund, job creation or scientific research. Additionally, they need to meet the physical presence requirements, which involve spending a minimum number of days in Portugal each year. Lastly, having a valid passport and meeting character requirements are also necessary. Each investment option has specific requirements, so it’s crucial to choose the one that best fits your situation.

You can book a free 1 to 1 meeting with Robin by CLICKING HERE

4. What is the application process for the Golden Visa?

Applying for Portugal’s Golden Visa program involves several steps. First, gather all necessary documents, including a valid passport, birth certificate, marriage certificate (if applicable), and proof of income. Next, submit your application online through the AIMA portal, along with the required documentation which your lawyer would normally do for you.Once submission is complete, you will need to receive pre-approval from AIMA. Once pre-approved, schedule a biometrics appointment with AIMA, where you will provide your fingerprints. After attending the biometrics appointment, you can expect to receive your residence permit within 10-20 days after paying the issuance fee. This process ensures that all Golden Visa applicants meet the necessary requirements and can enjoy the benefits of residency in Portugal.

3. How long does it take to obtain the Golden Visa? 

Generally, the process takes around 12 to 18 months from the time of application submission to the issuance of the visa, depending on the volume of applications and the completeness of documentation. To qualify for Portugal’s Golden Visa program, golden visa investors must meet several criteria. Currently, AIMA are working to reduce delays & improve the efficiency of the process.

4. How long is the Golden Visa valid? 

The Portugal Golden Visa Program is initially valid for two years and can be renewed for additional two-year periods. After five years of maintaining the investment, holders can apply for permanent residency or citizenship subject to terms & conditions being met.

5. Do Golden Visa holders need to live in Portugal? 

No, Golden Visa holders are not required to reside in Portugal full-time. The Golden Visa is initially valid for two years and can be renewed for additional two-year periods for the golden visa holder. They must spend at least seven days in the first year and 14 days in subsequent two-year periods to maintain their residency status.

8. What is the quality of life like in Portugal for Golden Visa holders?

Golden Visa holders in Portugal can enjoy a high quality of life, thanks to the country’s pleasant climate, rich cultural heritage, and robust healthcare system. The cost of living is relatively affordable, and Portugal is known for its safety and friendly locals. With a Golden Visa, you can travel visa-free within the Schengen Area, work or start a business in Portugal, and access top-notch healthcare and education. Additionally, your children can attend excellent schools and universities, making it an ideal place for families. The combination of these factors makes Portugal an attractive destination for those seeking a better quality of life.

6. Can family members be included in the Golden Visa application? 

Yes, holders of Portugal’s Golden Visa can benefit from family reunification. Family members, including spouses, minor children, and dependent parents, can be included in the application.

7. What are the tax implications for Golden Visa holders? 

Golden Visa holders do not have to become tax residents in Portugal; however, if they decide to do so, there are a number of tax advantages related to their golden visa investment. For example, the ITS is a program that encourages self-employed and high-value job categories to move to Portugal for a 10-year tax break. Crypto profits are taxed advantageously if held over 1 year. You should contact a financial advisor or tax specialist.

Can I apply for Portuguese citizenship after getting a Golden Visa?

Yes, after holding the Golden Visa for five years, you can apply for Portuguese citizenship. Eligibility for citizenship includes proof of basic Portuguese language proficiency and no criminal record.

11. What is the pathway to citizenship and obtaining an EU passport?

After holding a Golden Visa for five years, you can apply for permanent residency or Portuguese citizenship. To qualify for citizenship, you must have resided in Portugal for at least five years, demonstrate a good understanding of the Portuguese language, and have knowledge of Portuguese history and culture. Additionally, you must have a clean criminal record and not have been convicted of any crimes. Once you meet these requirements, you can submit your application for citizenship. The process typically takes around two years, and once granted, you can apply for a Portuguese passport. The passport costs €65 and is valid for five years, granting you the benefits of EU citizenship, including the ability to live, work, and travel freely within the European Union.

9. What happens if I sell my investment? 

If you sell your investment , you may lose your Golden Visa status unless you replace it with another qualifying investment within a certain timeline. It’s crucial to check the current regulations to ensure compliance.

10. Is the Golden Visa program likely to change in the future? 

Like many investment immigration programs, the Portugal Golden Visa is subject to regulatory changes. The Portuguese government periodically reviews the program to assess its impact on the economy, so staying informed about potential changes is important.

Conclusion

The Golden Visa program in Portugal offers a valuable opportunity for non-EU investors seeking residency and potential citizenship in a desirable European country through Portugal’s Golden Visa program. Potential applicants should stay informed about the investment requirements, application process, and potential changes to ensure a smooth experience. Consulting with legal and financial advisors is often recommended to navigate the intricacies of the program successfully.

Too book a meeting with Robin simply CLICK HERE