Portugal Golden Visa
Portugal Golden Visa scheme is an immigrant investor program that allows non-EU citizens to live, work and study in Portugal for five years.
Portugal's Golden Visa is one of the most preferred types of residence program because it is affordable, advantageous, and requires simple procedures when compared to other countries. Since Portugal is a full member of the European Union, the Portugal residence permit provides extensive benefits to non-EU citizens.
The Golden Visa program in Portugal, one of Europe's most effective immigration programs, gives the right to reside, work, and study in the country with visa-free entry within the Schengen zone.
Real estate investment is one of the most preferred investment instruments to obtain residency in Portugal through the Golden Visa program. The new Portugal Golden Visa law, "the Mais Habitaçāo bill" officially entered into effect on October 7, 2023.
The new law includes a range of measures to help solve Portugal's housing problem. As a precautionary measure, the Portuguese Government announced that it won’t be possible to get a residence permit or Golden Visa by buying property.
Even though the path to acquiring Portuguese citizenship through property investment is ending, the Golden Visa program remains. It is also possible to obtain a residence permit in Portugal by using other types of investments.
Portugal Golden Visa Requirements
• Meeting the minimum investment requirements including property purchasing, establishing a new business, or capital investment.
• Not being an EU citizen.
• Not being banned from any country in the Schengen Area.
• Having the financial means to live in Portugal.
• Opening a Portuguese bank account.
• Not having a criminal record.
• Private health insurance.
How to Get Residency in Portugal with Golden Visa?
Applying for the Portugal residency program just takes a few simple but essential steps to follow.
Status Analysis: First, you need to talk about your legal situation with a professional advisor and discuss whether you meet the requirements or not, and how to complete your deficiencies.
Gathering Documents: Secondly, your advisor will inform you about the necessary documents.
Invest: If you haven’t made your investment yet, at this step you should finalize it since you need to submit proof of investment to the authorities.
Submission of Application: After meeting all the requirements and gathering all the documents, you will be submitting your application and wait for the verdict.
Getting Your Residence Permit: Congratulations, you are now an official resident of Portugal! You are ready to get your permit and start living your best life in Europe.