Portugal is part of the EU
Launched in October 2012 to boost investment, Portugal’s Golden Visa program is a fast track scheme that allows investors to attain residency in Portugal and affords them the liberty to travel visa-free throughout the EU Schengen area.
About Portugal
Portugal, officially the Portuguese Republic, is a historic country found on the Iberian Peninsula, in Southwestern Europe.
Portugal has been ruled and invaded by various countries since prehistoric times, and had its own global empire in the 15th and 16th centuries. This has seen Portugal leave its footprint on worldwide culture and architecture and develop its own unique and rich cultural heritage.
As a developed country, Portugal has a high standard of living and a high-income economy, and has been ranked the 5th most peaceful country worldwide by the Global Peace Index. Portugal boasts membership of several international organisations, including the UN, NATO, the EU and the Eurozone.
Golden Visa Portugal
The Golden Visa Portugal allows you to obtain residency in Portugal for the first 5 years and then obtain Portuguese citizenship after the 6th year, which grants you EU citizenship.
With the Golden Visa Portugal one can travel within Schengen area visa-free until the passport is received.
The Portuguese passport (obtainable after 6 years) allows you to live and work anywhere within the European Union and have visa-free or visa on arrival access to 170 countries and territories.
Other benefits include:
- You have the choice to live and work in Portugal, even if you reside in another country
- Minimum stay periods are incredibly low
- Dependant family members can also be granted residency
Main terms and conditions
- Applicants must be 18 years old or over and need to provide proof that they have no criminal record
- Must possess valid passport
- Must be free of sanctions
Main terms and conditions
Investment requirements
Size of investment
- €500,000 investment in real estate until the passport is received. The investment can be split between more than one real estate project.
- OR €350,000 investment in real estate located in an area of urban rehabilitation or in a property at least 30 years old.
Duration of investment
The investment must be kept for at least five years.
Residency Requirement
An applicant must spend 7 days in the country in the first year and 14 days a year thereafter.
Length of Visa and Renewal
Golden Visa Portugal is issued on application for 12 months and can then be renewed after the first, third and fifth year. In year six an application for citizenship can be made.
Visa fees
Visa fees: €5,147per family member on application. Visa renewal fee: €2,574per family member in year 1, 3 and 5
Application fee: €515 per family member
Timeframe
2-3 months for the Golden Visa – 6 years for the Citizenship
Next step
At Shorex Capital, we will handle all aspects of your application and investment requirements. We work with several property developers and are totally independent.
To find out more about obtaning the Golden Visa Portugal, please contact us, we will be happy to assist you:
Inna Iranyi, t +44 20 7482 8102, inna@shorexcapital.com (English, Russian)
Ilona Iranyi, t +44 20 7482 8123, ilona@shorexcapital.com (English, Russian)
Philippe Gelin, t +44 20 7482 8118, pg@shorexcapital.com (English, French)