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Portugal Golden Visa - Residency by Investment

Processing Time

12-18 months

Minimum Investment

€ 168,000 EUR

SPEAK TO AN EXPERT
VISA-FREE ACCESS TO

Schengen Countries

SPEAK TO AN EXPERT
Processing Time

12-18 months

CONTRIBUTION OR REAL ESTATE

€ 168,000 EUR

VISA-FREE ACCESS TO

Schengen Countries

Overview of Portugal Residency by Investment Program

The Portugal Golden Visa program offers a way for investors to get residency and potential citizenship in Europe. It’s open to non-EU/EEA/Swiss citizens and includes benefits like visa-free travel in the Schengen Area. In January 2024, Portugal changed the program, including new eligibility and investment rules. The option to invest in property for a Golden Visa ended in October 2023, and now the program focuses on other investments like funds and research.

Why choose Portugal?

  • High quality of life with affordable living costs
  • Safe and politically stable environment
  • Friendly locals and welcoming culture
  • Mild climate and beautiful natural landscapes
  • Golden Visa program offers residency and Schengen Area travel benefits
  • Growing economy with diverse opportunities
  • Strategic location for easy access to Europe
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Processing Time

12-18 months

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Investment fund From

€ 168,000 EUR

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Visa-Free Travel Within

Schengen Countries

Portugal Golden Visa Investment Fund

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Living in Portugal (quality of life)

Portugal provides a high quality of life with excellent healthcare and education systems. It is an appealing option for citizens from within and outside the EU, including those from the US and the UK, who are interested in residency or naturalization.

Quality of Life

Portugal is known for its high quality of life, offering a safe and relaxed atmosphere with a lower cost of living compared to many Western European countries. Its Non-Habitual Resident (NHR) tax benefits attract retirees and professionals. The mild climate supports outdoor activities throughout the year, enhancing daily life.

Healthcare and Education

Portugal has a comprehensive healthcare system with both public and private options, and residents generally report high satisfaction with medical services. The education system is strong, featuring free public schools and various private and international schools.

Economic Environment

Portugal’s economy is diverse and integrated with the EU market. It is open to innovation and investment, making it a good place to work or start a business. The Golden Visa program encourages non-EU investors and provides a pathway to Portuguese citizenship, contributing positively to the economy.

Cost of living in Portugal

Housing

Housing costs in Portugal are generally lower compared to many Western European countries. In major cities like Lisbon and Porto, renting an apartment can be more expensive, particularly in central areas. However, costs drop significantly outside the city center and in smaller towns. If you are considering buying property, prices are more reasonable in rural areas compared to bustling city centers.

Food

Food expenses are quite manageable. Grocery prices are reasonable, and Portugal is known for its fresh produce and affordable staples. Dining out is also budget-friendly, with a wide range of options from casual eateries to more upscale restaurants. Traditional Portuguese cuisine is both delicious and economical.

Transportation

Transportation in Portugal is efficient and affordable. Public transport is well-developed, with buses, trams, and trains connecting major cities and towns. In urban areas, you can find a range of options including metro systems and bike rentals. Owning a car is less common in city centers due to the convenience of public transport and parking limitations.

Healthcare

Portugal offers a robust healthcare system that is both accessible and affordable. Public healthcare services are subsidized, making medical care reasonably priced. There is also a good network of private healthcare facilities, providing various options for those who prefer private care.

Education

Education in Portugal is generally affordable, with both public and private schools available. Public education is free and of good quality, while private schools offer a range of options with varying costs. Higher education, including universities, is relatively affordable compared to other European countries.

Utilities

Utility costs in Portugal are moderate. Electricity, water, and heating are generally well-priced, although costs can vary depending on usage and the size of the property. Many homes are equipped with efficient systems that help keep utility expenses in check.

Entertainment

Portugal offers a rich cultural life with many affordable entertainment options. From local festivals and music events to museums and historical sites, there is plenty to explore without breaking the bank. Dining out, cinema, and other leisure activities are generally accessible and reasonably priced.

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Key Facts

Capital

Lisbon

Languages

Portuguese | Mirandese

Currency

Euro (EUR)

Population

10,247,605 (2024)

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

  • Be at least 18 years old.
  • Be a non-EU/EEA/Swiss citizen.
  • Obtain a Portuguese Tax Identification Number (NIF).
  • Open a Portuguese bank account.
  • Provide evidence of a clean criminal record from both your country of residence and Portugal.
  • Demonstrate the legality of the investment funds.
  • No deportation/visa refusal 
  • Language requirement (for citizenship not residency)

Portugal Golden Visa Required Documents

Applicants should start by obtaining a Portuguese Fiscal Number (NIF) and opening a bank account in Portugal. Required documents include proof of investment, a valid passport, and evidence of legal entry into Portugal, along with other personal and financial paperwork. It is essential to have all documents professionally translated into Portuguese. For a full list of required documents, please feel free to contact us.

Family Members Eligible for Portugal Residency

  • Spouse: The applicant’s legal spouse or life partner.
  • Children: Dependent children under 18 and those aged 18 to 24 who are studying full or part-time and financially dependent.
  • Parents: Dependent parents of the applicant or their spouse
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Starting investment for Portugal residency is € 168,000

“ Portugal's Golden Visa program at Migrate World is a golden opportunity. The diverse investment options, from real estate to job creation, provide flexibility. The program's efficiency, combined with Portugal's stunning landscapes and welcoming culture, makes it a top choice for those seeking European residency ”
– Yasmine
“ Securing residency through Portugal's Golden Visa program was a seamless experience with Migrate World. The program's flexibility in investment types and the ability to include family members is a major plus. Portugal's vibrant cities, historic charm, and the allure of the Atlantic coastline create a perfect blend for a second home ”
- Kareem
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    How to obtain Portugal Residency by Investment Visa (Golden Visa)?

    • Investment in Research and Development

     Invest €500,000 in public or private scientific research institutions in Portugal to support scientific advancement.

    • Investment Funds and Private Equity

    Contribute €500,000 to approved investment or venture capital funds that foster economic growth in various sectors within Portugal. Checkout this page if you want to know more about: Portugal Golden Visa Investment Fund. 

    • Cultural Heritage Donation

    Donate €250,000 to support the preservation and restoration of Portugal’s cultural heritage, with a reduced requirement of €200,000 for low-density areas.

    Portugal Golden Visa Required Documents

    Applicants should start by obtaining a Portuguese Fiscal Number (NIF) and opening a bank account in Portugal. Required documents include proof of investment, a valid passport, and evidence of legal entry into Portugal, along with other personal and financial paperwork. It is essential to have all documents professionally translated into Portuguese. For a full list of required documents, please feel free to contact us.

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    Program Summary

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

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      Portugal Golden Visa Benefits

      After obtaining the Portugal Golden Visa, you are:

      • Qualified to live and work in Portugal.
      • Able to travel freely within the Schengen Area.
      • Required to stay in Portugal for just seven days per year to maintain your residency.
      • Eligible to apply for permanent residency or citizenship after five years.
      • Permitted to include family members (spouse, children, and dependent parents) in your application.
      • On track to potentially obtain a Portuguese passport, granting you visa-free access to  more than 185 countries and the right to live, work, and study in the European Union. For more details on visa requirements and the list of countries you can visit without a visa, check out the page: Portugal  Passport Visa-Free Countries List. 

      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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      Taxes: What Are the Portuguese Golden Visa Tax Implications

      Investors should know that Portugal’s Non-Habitual Resident (NHR) tax regime provides major tax benefits for up to ten years. Foreign income like pensions, dividends, and royalties might be tax-free. However, income from high-value activities within Portugal is taxed at a flat rate of 20%. This means you can enjoy tax breaks on foreign income while paying a 20% tax on certain local earnings.

      Quick Facts

      Aspect Details
      Recent Changes Property investment option ended in October 2023. New investment routes include funds, scientific research, and cultural heritage donations.
      Eligibility Non-EU/EEA/Swiss citizens. Requirements include a Portuguese NIF, a clean criminal record, and a qualifying investment. Must spend at least 7 days/year in Portugal.
      Investment Routes – Research and Development: Minimum €500,000
      – Investment Funds: Minimum €500,000
      – Cultural Heritage Donation: €250,000 (or €200,000 in low-density areas)
      Processing Time 12-18 months
      Family Inclusion Includes spouse, dependent children under 18 or full-time students, and dependent parents 66 years and above
      Residency Requirements Stay in Portugal for at least 7 days per year for 5 years. No requirement to live full-time in Portugal.
      Residency Rights Right to live, work, and study in Portugal. Visa-free access across the Schengen Area
      Path to Citizenship Available after five years of residency, with proof of ties to Portugal, language proficiency, and a clean criminal record.
      Taxation Non-habitual resident (NHR) status may offer tax benefits on foreign income. Income within Portugal is taxed at a flat rate of 20% for high-value-added activities.

      How to Apply: Step-by-step procedure

      • 1. Initial Consultation 

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

      • 2. 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.

      • 3. Agreement and Fees

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

      • 4. 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.

      • 5. 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.

      • 6. 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 to do so.

      • 7. Portugal Trip

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

      • 8. Transfer of Investment

      The applicant fulfills his investment purposes (transfers investment funds).

      • 9. 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).

      • 10. 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.

      • 11. Issuance of Golden Visa Residence Card

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

      • 12. 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.

      • 13. 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.

      Application Options: Online or Through Migrate World

      You can handle the Portugal Golden Visa application on your own through the official online portal. Alternatively, if you prefer expert guidance, we at Migrate World are more than happy to assist you throughout the process.

      Application Timeline

      The processing time for the Portugal Golden Visa application is typically between 12 to 18 months. This timeline covers all stages from initial submission to final approval.

      Application Fee

      For Portugal’s Golden Visa, legal application fees typically range from €5,000 to €8,000 for individual applicants. Dependents under 18 can be added to the application at no extra charge. However, there are additional fees of €500 to €2,000 for dependents aged 18 and older. Children under 18 are included at no additional cost.

      Portugal Golden Visa Price

      When considering the Portugal Golden Visa, keep in mind that there are several government fees involved, including application fees, permit issuance fees, and renewal fees.

      Validity and Renewal for Portugal Residency

      The Portugal Golden Visa can be renewed every two years. To do so, you need to keep your investment and show proof of your required stay in Portugal, plus any other documents SEF asks for.

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      Frequently Asked Questions

      • Spouse: The applicant's legal spouse or life partner.
      • Children: Dependent children under 18, or any age if they are full-time students and dependent.
      • Parents: Dependent parents of the applicant or their spouse

      Partnering with Migrate World for your Portugal residency application ensures expert guidance and precision. Our experienced team handles the complex process, saving you time and reducing the risk of errors. We provide personalized support and up-to-date insights to help you make informed decisions.

      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.

      With a Golden Visa, you are not required to live full-time in Portugal. You only need to spend a minimum of seven days per year in the country and can reside elsewhere if you prefer.

      The processing time for the Portugal Golden Visa application is typically between 12 to 18 months

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        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.

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