The Portuguese Golden Visa is one of Europe's most sought-after residency programs. It offers a fast-track route to permanent residency in Portugal and citizenship in exchange for an eligible investment while allowing applicants to benefit from tax incentives.
In addition, applicants can enjoy the freedom to travel and work within the European Union.
The program is available to non-EU citizens looking for a second passport or a new place to live and work.
With no end date, the program will continue throughout 2023. This means those applying for a Portugal Golden Visa can do so in the current year.
Golden Visa Application Process
The application process for the Portugal Golden Visa is quite straightforward:
Request a Portuguese taxpayer number.
Open an account in a Portuguese bank.
Invest
Submit the legal process.
Once approved, applicants will be issued a residence permit valid for five years, with interim renewals every two years, making proof that has spent at least 14 days in Portugal during that period. After five years, applicants can apply for permanent residency in Portugal or citizenship.
Portugal Golden Visa FAQ
Is the Portugal Golden Visa program still available?
The Portugal Golden Visa program is active and will continue throughout 2023.
What are the requirements for the Portugal Golden Visa program?
To apply for a Portugal Golden Visa:
Valid passport
Clean criminal record
Choose an eligible investment in Portugal.
What are the benefits of Investing in the Portuguese Golden Program?
The benefits are many and very useful:
Family Reunification
Includes spouse, dependent children (under 18yo), and senior parents (over 65yo) under one single investment.
Short stay
Spend only 14 days in Portugal every two years (7 days per year on average).
Multiple investment options and low thresholds
Visa-free travel in EU Schengen countries.
Visa-free travel to more than 180 countries worldwide
Portuguese passport ranks 3rd on the global mobility spectrum.
Access to public services, such as health care and education.
Five years to citizenship or permanent residence.
After five years of Golden Visa, you can apply for a permanent residence permit or citizenship.
Live and work in any of the EU countries with Portugal Citizenship.
Favorable tax regime
NHR tax regime allows a 20% tax rate or total tax exclusion on income for the first ten years if you live in Portugal for 183+ days per year.
How long does the application process take?
It can take 2-6 months to submit the legal process depending on your investment. Then, the process with the Foreigners and Borders Service (SEF) until the issue of your residence card is currently taking 12-18 months.
Can I apply for Portuguese citizenship through the Portugal Golden Visa program?
Yes, after five years.
What is the eligible investment to apply for the program?
Private Equity Funds - €500.000
Real Estate - min. €280.000€ (depending on the location and age of the property)
Companies and jobs creation - €500.000
Support of artistic production - min. €250.000
Research activities - min. €500.000
Capital transfer - €1.500.000
May I include my family?
You may include your spouse, dependent children (under 18yo), and senior parents (+65yo) under your investment.
Who qualifies for a golden visa in Portugal?
Any non-EU Citizen who invests in an eligible investment and follows the necessary steps to submit the process.
What can YPT do for me?
Everything related to the Golden Visa application. As you know by now, the Golden Visa is an opportunity for anyone to fast-track European residency through investment in Portugal.
YPT helps and assists you every step of the way, from when you decide to proceed. We are a Golden Visa-related consultancy company with a lot of investment experience.
How does the process work?
Step 1: Initial consultation
Get an initial appointment with our team on your specific case to define the roadmap of your process.
Step 2: Investment options
Our team will source the possible investment options according to your requirements.
Step 3: Personal documents
We will guide you through gathering all the necessary documentation for the whole process (bank account opening, NIF - Portuguese taxpayer number, legal, etc.) and work with the lawyer to ensure all the documentation is certified and ready for submission.
Step 4: Bank account and NIF
We will introduce you to a bank manager for account opening and apply for a Portuguese taxpayer number (NIF).
Step 5: Invest
After you transfer the funds to your Portuguese account, you are ready to invest. The procedures may be different depending on the investment you choose.
Step 6: Online application
When you must pay the government analysis fee, the lawyer will submit your application to the Foreigners and Borders Service (SEF) with all the necessary documents.
Step 7: Biometrics
Following the initial approval from the SEF, an appointment will be scheduled to collect your biometric data (fingerprints, photo).
Step 8: Approval and residence cards.
Following the approval of your application, you will need to pay the card issuance fee to the Government. Once your residence cards are ready, we will collect them on your behalf and send them to you. Your Golden Visa residence permit will be valid for five years from the date shown on your initial card.
Invest In Your Future
The Portugal Golden Visa program is an excellent option for non-EU citizens looking for a fast-track route to permanent residency and citizenship in Portugal.
It offers the above benefits and includes the opportunity to invest in Portugal and benefit from various tax incentives.
If you are looking for an easy and hassle-free way to invest in Portugal, YPT Golden Visa & Investment is the right choice. Our experienced professionals will assist you every step of the way and help you make the right decisions for your needs.
Unlock the ultimate Portugal Golden Visa lifestyle and start living the life you have always dreamed of!
Contact us to learn more about the Portugal Golden Visa and how we can help you achieve your goals.
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