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VISA FREE COUNTRIES

170

POPULATION

10,572,721

GDP

21,733


LOCATION

Southern Europe

CAPITAL

Lisboa

LANGUAGE

Portuguese

RELIGION

Catholic

GOVERNMENT TYPE

Parliamentary Democracy

CURRENCY

Euro (EUR)


RELATED DOCUMENT

Program Brochure

 

Portugal
 

Overview
 
Golden Visa Portugal with €500,000 investment.
The Golden Visa programme in Portugal has proved to be the most popular scheme in Europe with investors attracted to its flexibility and benefits. Launched in 2012 the programme has been actively promoted internationally by the Portuguese government. 
An investment of €500,000 in real estate in Portugal will gain a residency visa for a family including dependent children. The visa can be renewed every two years providing the applicant spends two weeks in the country every two years. One of the most attractive options is that to apply for permanent residency after 5 years and citizenship after 6 years without the need to reside in Portugal.
Also, In July 2015, the Portuguese government introduced a new and more streamlined investment solution to open doors for more investors. Portugal’s residency permit can now be acquired in exchange for an investment of just €350,000 ($396,000) in property more than 30 years old. This will allow for the regeneration of Lisbon and Porto’s city centres, which are some of the most visited cities in the world.

The Golden Visa has all the benefits of a Schengen Visa, entitling the holder to free movement throughout the 26 Schengen member countries in Europe. Golden Visa holders obtain access to residence permits, as well as to Portuguese citizenship (after 6 years of residency), with advantageous periods of stay in Portugal.
 

Key Facts
 

 

Property Market
 


The property market in Portugal, like many southern European countries, suffered with the credit crisis and prices in 2015 are typically 20% – 30% below their peak. However, Portugal has bounced back and there is a clear turn in the market and property above the €500,000 investment visa limit is seeing huge demand particularly in the capital, Lisbon. Investors buying into the real estate market in Portugal now have excellent prospects for capital gain in the coming years. Advice is recommended for serious buyers as there are clear distinctions between typical vacation homes on the coast in Portugal and city properties such as Lisbon. In particular with regard to market demand for property types and on-going rental or lifestyle options for the investor.
 


Applicant Requirements

 

 

 

Benefits

 

 

Procedure


 
Following a preliminary assessment of your qualifications for Portugal Golden Visa program, we will arrange for you and your family to visit Portugal. We will assist with your hotel bookings and other arrangements, and provide free airport pickup. We will assist you in meeting all Program requirements: having any required immigration documents notarized, obtaining a health insurance certificate, opening a bank account, obtaining a bank guarantee, and collecting fingerprints, photos, and signatures. You transfer the Government fees to your Portuguese bank account at this time.

We will submit the application to the Republic of Portugal, Department of the Interior. Upon your approval for immigration, the Portugal Government will issue you a file number, and we will then complete the purchase of the property on your behalf (if applicable).

We will submit your passports to the Republic of Portugal for Golden Visa insertion. You and your family are then free to reside in Portugal, and will have the same benefits as permanent residents.
 


Investment Options
 


1- Purchasing Real Estate
We will arrange for you to view qualifying properties that are for sale (€350,000 in a qualified real estate development asset which was built at least 30 years ago or a real estate property under the regular program with a minimum €500,000 purchase price).
Once you select a property, you will complete a sales contract. You will sign a limited Power of Attorney, authorizing a lawyer to complete the real estate transaction, and prepare the property for habitation in future (e.g. have electricity and utilities connected).
All monies used towards the real estate purchase, as well as Government fees, must arrive in the applicant's Portuguese bank account and be distributed from there.
An approximate cost calculation is as follows:
•    Property Purchase (minimum amount) € 500,000.00
•    Purchase Fees (based on property value)
•    Deed Transfer Tax (IMT) approx. 6.5%
•    Stamp Duty (IS) 0.8 % 
•    Registration Fees € 496.00 

2 - Investing €1,000,000
We will assist you in making a deposit (minimum 5-year term) in a Portuguese bank.
All investment funds, as well as Government fees, must arrive in your Portuguese bank account and be distributed from there.


Maintaining Residency (Years 1-6):

All family members must visit Portugal for minimum 7 days per year to maintain residency status.
Residency must be renewed after year 1, year 3, and year 5 (additional fees apply, see below). It may continue to be renewed every 2 years, for as long as the applicant wishes to maintain residency.
Residency must be renewed from within Portugal (e.g. during the client's yearly visit).
The investment (real estate or bank deposit) must remain in place to maintain residency status.
Permanent residency may be applied for after year 5, if applicants have lived in Portugal steadily since obtaining the Golden Visa (i.e. they were absent from Portugal for less than 9 months during the 5 year period).
 
Citizenship Through Naturalization, And Portugal-European Union Passports (Year 6):

After 6 years of residency, you can submit your family's application for naturalization to the Government. You must prove that you have maintained your real estate or bank investment in Portugal during the complete residency period. In addition, all family members must have visited Portugal for at least 1 week per year during the complete residency period, and they must pass a basic Portuguese language test.
You will then apply for the family's Portuguese passports. These passports allow you to travel freely, live and work throughout the European Union.

 

History With Europe
 


Portugal is a member of the Schengen area, which allows Schengen Visa-holders free movement between its 26 member countries (Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland). The Schengen Treaty, signed on June 14, 1985, enables the member countries to operate like a single state for international travel, with no internal border controls.
 

Education
 


The education system is divided into preschool (children under age 6), basic education (9 years, compulsory), secondary education (3 years, until 12th grade), and higher education (university and polytechnic). The public school system (grades 1 to 12) is free to residents and citizens.
Many private schools are located in the coastal town of Cascais (connected to Lisbon by train system), and taught in English. The largest university in Portugal, the University of Porto, is considered one of the top universities in Europe. It offers degrees in Architecture, Dentistry, Economics, Engineering, Fine Arts, Law, Medicine, Pharmacy, Sciences, and Management and Business. 

 

Quality of Life


Portugal is not only a good country to invest in but also a great place to live and enjoy. Safe, sunny, with unique nature, rich leisure and cultural amenities. It is a country known for being friendly to immigration. In 2016, Lisbon was voted one of the 42 cities in the world with the best quality of life, by the Worldwide Quality of Living Survey 2016. 

 

Health Care
 


The Portuguese health system is characterized by three coexisting systems: the National Health Service (NHS), special social health insurance schemes for certain professions (health subsystems), and voluntary private health insurance. The NHS provides universal coverage. In addition, about 25% of the population is covered by the health subsystems, 10% by private insurance schemes and another 7% by mutual funds.
The Economist Intelligence Unit's quality of life survey placed Portugal as the country with the 19th-best quality of life in the world for 2005, ahead of other economically and technologically advanced countries like France, Germany, the United Kingdom and South Korea.

 

Economy
 


Since the 1990s, Portugal's economic development model has been slowly changing from one based on public consumption to one focused on exports, private investment, and development of the high-tech sector. Business services have overtaken more traditional industries such as textiles, clothing, footwear, cork (of which Portugal is the world's leading producer), wood products and beverages.
Most industry, business and finance are concentrated in the Lisbon and Porto metropolitan areas. The districts of Aveiro, Braga, Coimbra, and Leiria are the biggest economic centres outside those two main metropolitan areas.

The Portuguese currency is the euro (€) and the country's economy has been in the Eurozone from its beginning. Portugal's central bank is the Banco de Portugal, which is an integral part of the European System of Central Banks.
The GDP in 2016 was € 297,1 billion or €28,500 per capita.The primary sectors in Portugal are agriculture, fishing and mining. The secondary sectors are automobile (Volkswagen and Peugeot), aerospace (Embraer), electronics, textiles, food, chemicals, cement and wood chips. Modern, technology-based industries like aerospace, biotechnology and information technology, have been developed in several locations across the country.

 

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Program brochure for Portugal
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