Golden Visa Portugal

by Jack John Writing

More than 10,000 foreign applicants have obtained Golden Visa in Portugal since 2012. Golden Visa Portugal is a program that provides residence permits for individuals that make sufficient investments.

 

The program benefits the applicants in many ways. Visa-free access to Schengen countries and the possibility to get EU citizenship are some of these benefits.

 

In this guide below, you’ll be acquainted with this program and you’ll find out if it suits you or not.

 

Let’s start.

About the Program

●     Golden Visa for Portugal is known as ARI in Portugal. ARI means residence permit for investment activity

●     The program is available for non-EU, non-EEA, and non-Swiss citizens

●     Since 2012, the program has raised more than €6 billion

●     You can become a permanent resident or citizen after a period of meeting the requirements

●     There are various investment options to choose from including real estate investment and fund subscription.

How Can You Benefit From Golden Visa For Portugal?

The advantages of holding a Golden Visa to Portugal are various. For example:

 

●     You can apply for Portuguese citizenship after five years of qualified residency, which is quite a short time

●     You can stay in Portugal for a minimum of seven days on average per year and still keep your resident status. This means that you don’t have to relocate to Portugal to maintain your residence permit

●     Qualifying for Portugal residency is possible with a very low investment threshold such as €280,000

●     Portuguese citizenship means having visa-free access to 188 countries, and the right to live, work and study in any EU country

●     Golden Visa Portugal provides you the right to work, live, and study in Portugal

●     Your children can receive a good education in international schools in Portugal

●     Thanks to the work permit, you can work, establish and run your own business anywhere in Portugal

●     Your dependent family members can obtain their Golden Visas along with you They’re subject to the same process as you do. Qualifying family members are your spouse, children under 118, and parents over the age of 65. If the children are under 26, full-time students, and not married, they can be eligible as well

 

Tax Benefits

There are no tax responsibilities entailed by the Portugal Golden Visa program. However, you’ll be considered a tax resident if you spend more than 183 days in a year in Portugal.

 

When you become a tax resident as a foreigner, you can benefit from the non-habitual residency (NHR) program. NHR provides some exemptions on your taxes out of your foreign income for 10 years. One exception is that foreign pensioners cannot benefit from this tax exemption on their pension anymore.

 

Eligibility For Portugal Golden Visa Program

If you’re a non-EU, non-EEA, or non-Swiss citizen, you can apply for Golden Visa Portugal. You must be at least 18 years old to apply for the program. In addition, holding a clean criminal record is necessary. You need to provide this document from both your home country and Portugal. Also, you need to provide funds for your investment outside of Portugal.

Qualification For Citizenship

The general requirements to apply for Portuguese citizenship are as follows:

 

●     You must provide clean criminal records from Portugal and from your home country

●     You must have no outstanding tax payments in Portugal, and

●     You must enter and pass a basic language test in Portuguese.

Golden Visa Portugal Investment Options

You can make your investment for Golden Visa Portugal under the following categories:

 

●     Fund subscription

●     Real estate acquisition

●     Capital Transfer

●     Company, and

●     Donation.

 

Real Estate Purchase

You have four options under this category. One of them is to buy a property worth at least €500,000 in Portugal. The other option is to buy a property worth at least €400,000 if it’s in a low-density area.

 

The third option is to acquire real estate older than 30 years old located in an urban rehabilitation area. The minimum required amount for such property is €350,000. The renovation costs are included in this amount as well. Finally, if such a property is located in a low-density area in Portugal, the minimum required amount drops to €280,000.

Fund Subscription

A Fund subscription entails a minimum of €500,000 investment in a qualifying Portuguese fund.

Capital Transfer

Capital transfer entails a minimum of €1,5 million to Portugal.

Company

This option entails the creation of a minimum of 10 new full-time jobs in a Portuguese business. You must own the business by yourself.

 

You can also create a minimum of eight new full-time jobs in a Portuguese business if it’s formed in a low-density area.

 

Another option is to invest a minimum of €500,000 in an existing Portuguese business. In this case, the incorporated business needs to create a minimum of five new full-time jobs for at least three years.

 

Donation

Donation entails a minimum of €250,000 for preserving national heritage in Portugal or €500,000 for a research and development activity in Portugal.

 

So, Portugal Golden Visa 2022 is a great opportunity for you if you consider relocating to a European country in a faster way.

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Sep 10th 2022 05:43. Viewed 220 times.

Comments