Articles

Portugal Golden Visa Requirements and Process

by Anup Prasad Digital Marketing

The Portugal Golden Visa is an affordable and secure option which admits a number of advantages with very few stringent requirements on the applicants. Unlike other options, the Portugal Golden Visa has no rigid requirements on the age group, gender, education or language skills to avail of the program. It's an easy and simple procedure to get residence permits in spite of possessing illegal entries into the country. The process involves only filling out an online form with accurate information and submission to the system with the required fees.

The process gets completed within three to four working days. The form can be submitted at any Portuguese consulate abroad, in person at the port authorities or by mail. The forms cover a wide range of topics, ranging from duration of stay in Portugal to types of occupation or business, and other special and consequential events in which the applicant is eligible for Portuguese nationality. For example, if you are the partner or spouse of an EU citizen, your application will be granted irrespective of your citizenship status as long as the relationship is free and clear. The Portuguese nationality or residence eligibility is not affected if you have moved to Portugal before or later than the approved timeline, provided that you maintain the relationship satisfactorily enough to remain eligible for a Portugal golden visa.

The application has no stay requirement. The portugal golden visa consultants offer three-month renewable stay in Portugal. The renewable stay requirement covers both domestic and overseas visitors. The span of stay may be extended during several occasions such as for a special promotion of your business, visiting relatives, enrolling in relevant courses or similar reasons. For those who have family who live outside Portugal, the stay requirement is extended till they return to Portugal.

The procedure involves submitting the application form together with relevant fees, including the processing fee. The application can also be submitted via phone or online. If the investors are applying via phone, the phone number of the applicant needs to be verified by the portugal golden visa consultants, before sending the form back. Once received, the visa will be immediately issued by the Portugal authorities.

The next step involves the payment of the visa fee. The investors need to pay the visa fee only once. This payment is usually in kind, meaning that the visa fee is automatically deducted from the investor's gross salary or income. The Portuguese authorities issue a visa after accepting the payment. In case of online applications, the investor needs to make sure that the required funds are available and in sufficient amounts by the due date, in order to fulfill the Portugal golden visa requirements.

After receiving the visa, the investor needs to open an offshore bank account. It is important for the investors to confirm that they have a Portugal bank account through NIF deposits, otherwise, the investment will be considered as investment debt, which is not allowed in the country. The investment income is also limited to a maximum of $500, unless it is already an NIF holder. The golden visa requirements also state that the investor has to have an active savings bank account with a zero balance. To maintain an offshore bank account, the investor needs to ensure that the bank details such as routing number and account number are updated periodically.

The final step in the process includes the submission of the NID, together with the investment plan. The investment plan is reviewed and if it is approved, the visa will be issued immediately. Investors need to have a signed NID before the visa approval. The process is quick, as compared to visa applications submitted online. The legal fees involved are minimal, and the investment is possible in multi-national companies and in many international funds.

The Portugal Investment Visa Program can help foreign investors to obtain permanent residence in Portugal. It is important to note that the investment visa program does not apply to private investors who intend to reside permanently. Rather, the investors must first acquire the permanent residence permit. The program can help boost the number of Portuguese residents in other European countries and across the world.


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About Anup Prasad Junior   Digital Marketing

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Joined APSense since, June 16th, 2021, From New Delhi, India.

Created on Aug 6th 2021 16:38. Viewed 151 times.

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