Portugal Residence

Residency by Investment

Portugal Golden Visa - Residency By Investment Program

The Portugal Residency Program is known as the Golden Residence Permit (GRP), in which it grants a Golden Visa, or a residency. to non-EU nationals looking to invest in Portugal. The golden visa will be valid for 5 years and is renewable, after which the applicant can apply for permanent residency, and then for citizenship a year later, however, after passing a basic language test in the Portuguese language.

How to obtain Portugal Golden Visa

1- Investment Fund Option

Investors interested in this option can invest a minimum of EUR 500,000 in a qualifying investment fund.

2- Real Estate Investment Option

Invest in Portuguese real estate with a minimum property value of EUR 500,000 or EUR 280,000 (renovation properties).

Portugal Residency by Investment Options

The Portugal Residency Program is known as the Golden Residence Permit (GRP), in which it grants a Golden Visa, or a residency, to non-EU nationals looking to invest in Portugal. The golden visa will be valid for 5 years and is renewable, after which the applicant can apply for permanent residency, and then for citizenship a year later however after passing a basic language test in the Portuguese language.

€280,000

Real Estate Investment

Invest in Portuguese real estate with a minimum property value of €500,000 or €280,000 (renovation properties), maintained for 5 years. More than one real estate can be purchased to make up the total €500,000, and co-ownership is also allowed.

Why Choose Portugal?

Access and opportunity: As part of the European Union, you will have access to every EU country and be free to live and work there.
Natural beauty and ideal climate: Portugal boasts stunning natural beauty and an ideal climate, situated on the Iberian Peninsula with coast along Atlantic Ocean and boasting numerous stunning beaches and mountains that welcome tourists all year-round.
Affordability and quality of life: Portugal offers an affordable place to live. Portugal boasts lower costs of living than many European nations, making it an attractive option.
Laidback lifestyle and joyful culture: Portuguese culture embraces an easygoing and joyful approach to life. They’re well known for being laidback and enjoying every minute.
Safety and security: Portugal is an exceptionally safe country, boasting an exceptionally low crime rate.
Top-notch health care system: Portugal boasts an excellent healthcare system. Their universal healthcare system, funded by the state, makes for exceptional healthcare provision.

Cost of living in Portugal

Housing

Housing costs in Portugal depend heavily on location and size; one-bedroom apartments in central Lisbon cost roughly EUR1,000 monthly, while similar units in smaller towns could run around EUR600 monthly.

Food

Portugal boasts a relatively affordable cost of living; restaurant meals may only set you back EUR15, while groceries can typically cost about EUR300 per month for two people living together.

Transportation

Portugal’s public transportation is efficient and economical; an annual Lisbon pass typically costs EUR40.

Utilities

Utility costs in Portugal are relatively affordable; an apartment of up to four rooms has an estimated monthly utility bill of roughly 100 Euros.

Healthcare

Portugal offers excellent and affordable healthcare, with private health insurance plans starting at just €30 per month. The country’s public healthcare system provides low-cost services and medications, and even medical tourism expenses are significantly lower than in the US, making procedures like cosmetic surgery much more cost-effective.

Portugal boasts one of the lowest costs of living among European nations, making life easy on an income of EUR 1,500 monthly for single individuals.

Key Facts

Capital

Lisbon

Languages

Portuguese | Mirandese

Currency

Euro (EUR)

Population

10,247,605 (2023)

What are the eligibility criteria to apply for the Portugal Golden Visa?

Minimum networth €280,000
No criminal record
Age 18 years old and above
No deportations / Visa refusals
Language requirement (for citizenship, not required for residency)

Portugal Golden Visa Required Documents

To streamline the information, we have compiled a selection of the required documents for the Portugal Golden Visa application. If you would like to receive the complete list of all necessary documents, please don’t hesitate to get in touch with us. Here is the partial list of required documents:

Government application forms (to be provided by Migrate World)
A copy the main page of the passport of the main applicant (Certified by a Notary or lawyer in the country of origin)
Proof of residence of the main Golden Visa applicant – Copy of a Utility bill in the country of origin
A duly dated and signed Curriculum vitae of main GV applicant.
Source of funds/source of wealth for main applicant and spouse – supporting documentation, such as bank reference letters in English, pertaining to the source of funds/source of wealth – (If income is from savings, investments, employment)
Proof of occupation/profession – of the main applicant and spouse
Criminal Clearance Record or Police Clearance Certificate, dated less than 3 months ago, and certified by the Portuguese embassy for all applicants 16 years old and above
Statement of Commitment of Honor (to be drafted by Migrate World)
Evidence of means of subsistence – copies of updated bank statements and credit card statements accompanied by bank reference letters in English for the main applicant and spouse.

How Many Dependents Can be Included in a Single Application?

The main applicant for the Portugal Golden Visa program has the opportunity to include their spouse, dependent children under 18 years old, as well as parents aged 66 years and above, in their application.

We offer you citizenship by investment programs, company formation services, and an array of options that allow you to secure citizenship and obtain additional passports without residency obligations.

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I have a minimum of $ 100,000 USD ready to invest.

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Step by Step procedures and time frame for obtaining residency in Portugal

Initial Consultation

The first step is a complimentary consultation with us, where we explain all the different options available.

Preliminary Check

Migrate World performs a preliminary security check, before officially making any agreement as a guarantee that the applicant’s record is clean from any case that the government might reject his/her application for.

Agreement and Fees

Fees include legal, due diligence, government, and application processing fees.

Collect Documents and Information.

We will help obtain/translate and authenticate all necessary documents. A file is then prepared and submitted for the opening of the local bank account and fund subscription.

Obtain Portuguese Tax Number

Migrate World will assist you in obtaining a Portuguese non- resident tax number for all family members over the age of 18.

Open a Local Bank Account

Migrate World will assist you in opening a local bank account, and there is no requirement to travel to Portugal in order to do so.

Portugal Trip

The applicant visits Portugal to view properties (optional) and/or to sign legal documents. (if required).

Transfer of Investment

The applicant fulfills his investment purposes (transfers investment funds or purchases Real Estate)

Collect Documents and Information (Golden Visa Application)

We will help obtain/translate and authenticate all necessary documents: A file is then prepared and submitted online to SEF (Portuguese Immigration and Border Services).

Collection of Biometric Data

Once the Golden Visa application has been submitted online and analyzed by SEF, we will be notified by SEF to schedule a date for the applicant to come to Portugal for the collection of biometric data.

Issuance of Golden Visa Residence Card

This process will take a few weeks. The Golden Visa Residence Card will be valid for one year.

Renewal of Residency

After receiving the Golden Visa Residence Card, the first renewal will be at the end of the first year. The second renewal will take place at the end of the third year, and the third renewal will take place at the end of the fifth year. Separate legal and processing fees apply.

Application for Citizenship

The applicant and his dependents can apply for citizenship after five years of residency. A basic Portuguese language exam is required at the time of citizenship application.

NOTE: The timeline is an estimate only, processing time depends on the complexity of each file.

How do I avoid mistakes when applying for a Portugal Golden Visa?

When embarking on the journey to obtain residency in Portugal, entrusting your application to a reputable migration agency like Migrate World can be the strategic advantage you need. Our seasoned experts are well-versed in the intricate details of the application process, ensuring meticulous adherence to the country’s stringent requirements. With a track record of successful outcomes, Migrate World offers personalized assistance, saving you valuable time and minimizing the risk of errors that could delay or hinder your application. As your dedicated partner, we not only simplify the complexities but also provide you with up-to-date insights, empowering you to make informed decisions.

Program Brochure

Learn more about the country and it's citizenship by investment.

Similar Residence by Investment Programs

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USA Residency By Investment

Middle East Residency Programs
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Portugal's Golden Visa Benefits

Minimal residency obligation (2 weeks per year for 5 years)
A fast processing time of approximately 3 months to issue Visa after investment
Residency allows visa-free travel within Schengen zone
Right to apply citizenship after 5 years of holding residency
Citizenship allows visa-free access to 185+ countries (UK, EU, Canada, and USA)
Inclusion of dependent children below 18 years old and parents 66 years and above
Clear tax rules with special programs for non-habitual residents
Ranked among the best countries for doing business
Basic Portuguese language skills required

How can the Migrate World Help You?

Migrate World team offers essential support to clients pursuing the Portugal Golden Visa. With expert guidance, personalized solutions, and thorough assistance in documentation, investment choices, application, due diligence, and post-approval steps, Migrate World ensures a smooth and successful journey toward obtaining residency in Portugal. Clients benefit from their expertise, minimizing complexities and maximizing the likelihood of a favorable outcome.

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Does Greece provides Golden Visa?

Yes, Portugal offers a Golden Visa program. The Portugal Golden Visa in a residency-by-investment program that allows non-European Union citizens and their families to obtain a residence permit by investing in Portugal.

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Frequently Asked Questions

Does Portugal Golden Visa lead to citizenship?

Indeed, once you obtain a Golden Visa, you become eligible to apply for citizenship after a period of five years.

Is the Portugal Golden Visa valid within the Schengen Area?

Yes, the Portugal Golden Visa provides visa-free movement within the Schengen Area. Golden Visa holders are typically allowed to stay in the Schengen Area for up to 90 days within a 180-day period for purposes such as tourism, business activities, and visiting family and friends, without the need for a separate Schengen visa.

Is Portugal considered one of the Schengen countries?

Yes, the countries that are part of the Schengen Area are: Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, Iceland, Italy, Croatia, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.

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Financing Options Available Exclusively With Migrate World

When considering residency in Portugal, we have a financing option available for you. For more information, please don’t hesitate to reach out to us.

Portugal Golden Visa - Residency By Investment Program

How to obtain Portugal Golden Visa

Portugal Residency by Investment Options

Why Choose Portugal?

Cost of living in Portugal

What are the eligibility criteria to apply for the Portugal Golden Visa?

Portugal Golden Visa Required Documents

How Many Dependents Can be Included in a Single Application?

Step by Step procedures and time frame for obtaining residency in Portugal

How do I avoid mistakes when applying for a Portugal Golden Visa?

Similar Residence by Investment Programs

Portugal's Golden Visa Benefits

How can the Migrate World Help You?

Comparing Residency by Investment Countries

Similar Citizenship by Investment Programs

Does Greece provides Golden Visa?

Schedule a meeting with us

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Spotlight On: Lisbon, Portugal

Portugal

Financing Options Available Exclusively With Migrate World

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