RESIDENCE IN PORTUGAL
The program is in force since 2012.It is often regarded as Golden Visa. In 2020, Portugal was ranked third in the Global Peace Index which indicates living and security high standards of the country.
BENEFITS
Visa-free or simplified entry into all the countries of the Schengen Area.
The main applicant can include a spouse, financially dependent children of any age, parents and minor brothers and sisters into the application.
Minimum requirements for the actual stay in the country: 35 days within 5 years.
The right to apply for the citizenship after 5 years without renunciation of the citizenship in another country.
ABOUT THE PROGRAM
Applicants should be non-EU countries citizens. Investment options are as follows:
- Purchase of real estate, built more than 30 years ago or located in areas of cultural and historical heritage, for the amount of EUR 350,000 with subsequent reconstruction (the amount includes the cost of reconstruction).
- Acquisition of shares with for the amount of EUR 350,000 in venture or investment funds (min. maturity of 5 years).
- Purchase of real estate with the value of EUR 500,000.
- Investment with the value of EUR 350,000 into provision or increase of the registered capital of a Portuguese company.
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PROCESSING TIME
The process of obtaining the residence permit takes from 3 to 8 months. The residence permit is valid for one year and is subject to renewal for two consecutive terms of 2 years each.