Residency By Investment

BECOME A GLOBAL CITIZEN




Portugal Golden Visa Program permits non-European citizens to reside in Portugal in exchange for a real estate investment. The amount of investment is reasonable compared to other European Residency Programs. However, investment amount varies according property’s location; the closer it is to central cities, the more expensive it gets.

Portugal, officially known as Portuguese Republic, is a southwestern European Country that shares a lot of geographic and cultural commonalities with both Europe and the Mediterranean. In 2012, Portugal established the Portuguese Golden Visa Program, Portugal Golden Residence Permit Program, to become one of the most sought-after Residency by Investment Programs worldwide.

Portugal Golden Visa program has a quick processing time of 4 to 6 months, and a low minimum residency requirement of only 7 days a year in the first year after residency permit is obtained, and 14 days throughout the two years that follow.

Investors can travel freely without a visa to all European Countries in the Schengen zone once they obtain residency permit.  Investors will also be able to register and operate businesses in Portugal and Europe giving them access to a wider market and a more expansive professional network.

As for dependent applicants, investor will be able to add spouse and family under the same Golden Visa application without having to make an additional investment. At that point, all family members will reap the benefits of being European residents including living in a safe and stable country, access to high quality of life, and taking advantage of excellent education and healthcare services.

Portugal Residency by Investment program is a pathway to the Portuguese Citizenship as investors have the choice to apply for citizenship 6 years after initial investment is made.

CAPITAL

Lisbon

LANGUAGE

Portuguese

TOTAL AREA

92,212 km2

POPULATION

10.31 million

GOVERNMENT

Democratic Republic

CURRENCY

Euro

INVESTMENT SCHEME

The Golden Visa applicant purchases a government-approved real estate property in Portugal with
a minimum investment of 500,000 and maintains it for 5 years.
 
The applicant may opt for purchasing a property in Portugal for the value of 350,000
where the property is either at least 30 years old or located in an urban renewal area.
 
Applicants can benefit from annual rental return.
 
Other fees apply:
Stamp Duties (0.8%) as well as Property Transfer taxes (6%)
Application fees: €517
Family Process: €80
Public Deed: €300
Registry Fees: €225
Permanent Residence Fees:
Visa Renewal for years 1 to 3: €2,587/applicant
Visa renewal for years 3 to 5: €2,587/applicant
Government Application fees for permanent residency after 5 years: €350/applicant
Portuguese Citizenship application: €350/applicant

Benefits of Portugal Golden Visa Citizenship


  • Quick processing time. Obtain a residence permit in 4 to 6 months.
  • Investor visa can travel, live, work in all Schengen countries.
  • Investor can register and operate in all Schengen countries.
  • Investor can extend the application to family members and parents with no further investments required.
  • Low minimum stay requirement of only seven days in the first year and 14 days throughout the following two-year period.
  • Allows investor to maintain residency in another country.
  • Own property in Europe and benefit from rental returns throughout the 5 years.
  • Permanent residency after 5 years of initial investment.
  • Option to obtain Portuguese citizenship after 6 years from initial investment.

QUALIFICATIONS


  • Investor must be a non-EU citizen.
  • Investor must maintain his/her investment.
  • There is a minimum stay of 7 days the first year of receiving Golden Visa and 14 days in the following two-year period.
  • Investor must make the appropriate real estate investment of EUR 350,000 or EUR 500,000 in approved real-estate.

LEGAL BASIS


The golden visa program was initially established in 2012 under the Order Number 1661-A/2013 “GOLDEN RESIDENCE PERMIT”. The law states the golden visa permit is allocated to an investment of 500,000 EUR in a new real estate. In 2015, the program was revised (Act 63/2015), allowing real estate property investment to be 350,000 € in an estate that is at least 30 years old.

VISA FREE TRAVEL


Travel Freely within the Schengen zone.

Austria

Belgium

Czech Republic

Denmark

Estonia

Finland

France

Germany

Greece

Hungary

Iceland

Italy

Latvia

Liechtenstein

Lithuania

Luxembourg

Malta

Netherlands

Norway

Poland

Portugal

Slovakia

Slovenia

Spain

Sweden

Switzerland

Timeline and Procedure

Month 1
Step 1
Bluemina performs a preliminary check. File preparation begins and required documents are collected. Advisory fees and application fees are paid.
Month 1-2
Step 2
Bluemina will assist investor in choosing the best investment route. Once decided, Bluemina’s Real Estate agents in Portugal can assist with the purchase of property. During the visit, the investor will meet and grant Power of Attorney to the designated lawyer, open a bank account and visit the immigration services for biometrics (finger prints and photos).
Month 3-6
Step 3
Upon return from Portugal, the transfer of funds is made for purchase of property.
Step 4
Completion of initial application and beginning the visa application.
Step 5
Immigration Services approve the visa application and issue residency cards. Once issued, they are sent to Bluemina offices and handed to client and their family.
Month 6
Step 6
As per requirements, investor visits Portugal 1 week yearly for 5 years.
Year 6
Step 7
Applying for Portuguese citizenship for all members of the family.