Is Golden Portugal Visa worth it?

5) Investment in the company. The minimum amount is 1,000,000 euros. 

6) Purchase of company shares. The minimum amount is 1,000,000 euros. 

7) Capital transfer to a Portuguese bank account. The minimum amount is 1,000,000 euros. 

8) Creation of at least 10 jobs for the Portuguese. 

9) Investments in the creation of a commercial company or replenishment of the authorized capital of a commercial company. Be sure to create at least 5 jobs. The minimum amount is 350,000 euros. 

10) Capital transfer to research in science or technology by public or private research institutions. The minimum amount is 350,000 euros. 

11) Capital transfer to support the arts or the reconstruction of the national heritage. The minimum amount is 250,000 euros. 

Unlike similar programs in other countries, Portugal offers a wide range of options for investors.

Portugal Golden Visa Application Process

If an investor decides to apply for a Golden visa, there are several steps to follow. 

• Open a Portuguese bank account 

To invest, you must have a bank account and a tax number. The first one is pretty easy to open. It is enough to contact any bank in Portugal you like, and an account will be opened for you. You will need personal documents, confirmation of the address of residence, and source of capital. A tax number can be obtained from the tax and customs department by filling out the appropriate forms. 

• Choose an investment option and a trip to Portugal 

Having visited the country, the investor can inspect the property that they are going to buy or invest in (when choosing the real estate option). It is necessary to hold relevant meetings and sign documents. 

• Apply for a Golden visa 

After signing all the documents and completing the investment processes, the investor can apply to the Immigration and Border Guard Service. To do this, one needs to register on ARI, prepare and attach electronic copies of documents, pay fees, and wait for confirmation. The investor must then make an appointment in advance with the SEF to submit the application. 

It takes up to six months to complete an application for the Portugal investment residency program. Initially, the Golden visa is valid for 1 year, so it must be renewed.

Additional fees 

To obtain Portugal real estate residency, the investor must prepare for the additional costs of state fees. 

• Application processing: 533 euros per family member. 

• Issuance of a Golden visa: 5,325 euros per family member. 

• Renewal of residence permit: 2663 euros per 1 family member each time. 

Also, it will not be superfluous for the investor to plan the approximate costs for the services of lawyers and other specialists, which they can use depending on the chosen investment option, plus the costs of paperwork (for example, translation and apostille). Taxable residents are people who live in Portugal for at least 183 days a year.

Having received a Golden visa for a year, the investor can extend it for another 2 years, and then for another 2. To do this, in the first year, you need to spend 7 days a year in the territory of the country, then 14 days in two-year periods. After 5 years, the investor can obtain a Portuguese citizen’s passport with all its benefits.

The Golden Visa, which grants Portugal residency through property, is an interesting option for foreigners who want the opportunity to live and work in the EU. In addition, the prospect of obtaining citizenship in 5 years also attracts the attention of investors. Portugal is an excellent choice for a comfortable stay due to low prices and a good level of healthcare and education. In addition, this is a great place to relax on the ocean.