Portuguese residency is available through its Golden Visa Program, which grants residency in under nine months, in exchange for real-estate investment by eligible applicants. With two general real estate options to select from, applicants can become a resident of an EU Member State with a booming real-estate market, vast cultural offerings, and expanded travel opportunities. With minimal residency requirements and a pathway to Portuguese citizenship, the Portuguese Golden Visa is an excellent choice for investors looking to acquire a second residency.
Dynamic and on the rise, Portugal is fast becoming one of Europe’s economic and cultural hot spots. From its rugged Atlantic coastline, to Lisbon—its cultural center, Portugal has something for everyone. Portugal shares a border with Spain, and its population of over 10,000,000 speaks Portuguese.
Residents of Portugal enjoy the following benefits through the Golden Visa:
· The opportunity to live, work, and study in Portugal
· Visa-free entry to the 26 countries in the European Schengen area
· Investment opportunities available exclusively to Portuguese/EU residents, including real estate
· Minimal residency requirements
· Hereditary residency
· The opportunity to become a Portuguese (EU) citizen
· Foreigners can receive residency in Portugal by purchasing real estate (one or more properties) for a minimum amount. The minimum pricing for the real estate option reflects whether the purchase property requires renovation or not. All residency permits, once obtained, should be renewed every two years.
Portugal Golden Visa Cost
· €500,000 EUR (Minimum investment value of selected property if no renovation is needed) OR
· €350,000 EUR (Minimum investment value of an older property which will require renovation)
· €5324.60 EUR (Government fees)
· €2666.30 EUR (Renewal fees)
· €532.70 (Application processing fees for the main applicant)
· €83.10 (Application processing fees per subsequent dependent
All applicants for the Portuguese Golden Visa must fulfill the following criteria:
· Be without a criminal history
· Be a non-EU citizen (applicants should also not be a citizen of any European Free Trade Association state (EFTA)
· Hold real estate investment for a minimum of five years
· Fulfill the minimum residency requirements (remain in Portugal for at least one week for year one of receiving residency, and two weeks every two years after the first year
Eligible Family Members
· Spouse
· Dependent children under the age of 18
· Children aged 18 and above that are dependent and studying full or part-time
· Dependent parents aged 66 and above
· Portuguese Golden Visa holders who fulfill the eligibility requirements, residency conditions, and Portuguese language/cultural requirements may apply for Portuguese citizenship after five years. If successful, they will receive a Portuguese passport; the fifth most powerful passport in the world.
Contact MASA Immigration to begin your journey to a Portuguese Golden Visa. All applicants must first secure an agent in order to apply for economic residency in Portugal. Your agent will help you acquire, assemble, and fill out all of your application materials, ensuring that your application is complete when it is submitted.