With citizenship under your belt, you can enjoy the right to live, work, and study anywhere in the EU and travel visa-free to over 182 destinations. More than 94% of investors opt for property investment in Portugal. There are many Golden Visa Portugal tax benefits. This is a fantastic option as it’ll allow you to then directly benefit from Portugal’s, Capital gains from the disposal of real estate, Business and self-employment profits derived from eligible occupations (but be mindful of relevant double taxation agreements). The scheme began in 2012, and by May 2020 has been credited with investments of over 5.2 billion euros from over 20,000 persons (8,736 investors and 14,936 family members),. You must hold your investment for at least five years before you’re eligible to apply for permanent residency and a Portuguese passport. For the Portugal Golden Visa qualified investment fund, you can choose from sectors like energy, industry, technology, and real estate. Portugal is increasingly becoming a top choice for foreign investors and our specialized team will help you become one of them. … The children need to be under the age of 18. For all other certificates, it is 180 days. The idea of Portugal’s golden visa program is to attract foreign investment and boost the domestic economy. https://www.expatica.com/pt/moving/visas/golden-visa-portugal-1042263 Along with the Portuguese golden visa application, you will need to submit the following documents: In addition to this, applicants need to show a commitment to maintaining their investment for a minimum of five years. Under the Golden Visa program, non-EU citizens simply need to carry out one of the investments set out in the law to qualify to obtain a residency permit in Portugal. Through this Portuguese residency programme, you can qualify for permanent residence and citizenship after five years. Applicants must also provide evidence of their investment, such as: To renew a Portuguese golden visa, applicants may need to provide evidence that they’ve complied with the minimum stay requirements during the period. Golden Visa Portugal fees. Additionally, as the Algarve is classified as a low-density area, foreign investors can obtain the Golden Visa for as little as 400,000€. . Yes you can get Golden Visa Portugal citizenship after five years of holding your Golden Visa investment. Speak to one of our Portugal Golden Visa Consultants so we can understand your objectives and help you move forward. We make what looks like an expensive and difficult option, affordable and complex free. To learn more about funds in Portugal, read our Portugal Golden Visa Investment Fund Option article. The Portugal Golden Visa business investment option offers investors the opportunity to generate ten jobs for a Portuguese business or single-member company. Disclaimer: Fees can change, depending on the Portuguese government. Please refer to the frequently asked questions below for more information. Portugal’s Golden Visa income tax benefits are a big draw for foreign investors looking to get the most out of their financial contribution. The Portugal Golden Visa grants all the benefits of living and working in Portugal to the family members. This can be done by us remotely. Have a cookie If you are a holder of the Golden Visa in Portugal and are residing in the country, where you spend more than 183 days every year in the country, you are covered by Portugal’s healthcare system, with amazing discount rates. From July next year, these fast track visas that have seen well over five billion euros ploughed into the economy since 2012 will only be available to investment within Portugal… It does not grant citizenship directly. Expect to spend anywhere between €260K onwards (investment included, depending on investment route). We are happy to assist you every step of the way. Met inmiddels meer dan 4,8 biljoen euro aan directe investeringen die voortkomen uit het Golden Visa programma (peildatum: januari 2020) … There are many Portugal Golden Visa healthcare benefits. After five years, golden visa holders can then apply for permanent residence in Portugal; after six years, they can apply for Portuguese citizenship. 2 – Bank account & NIF: In order to obtain the tax identification number (NIF) in Portugal, we will appoint a fiscal representative for you. Legalizing Portugal Golden Visa documents, Translating Portugal Golden Visa documents, By a translator who is accredited by the Portuguese Consulate, By anyone, if the translation is certified by a Portuguese lawyer, By the issuing country’s Consulate in Portugal, Getting a Portuguese NIF and opening a Portuguese bank account for the Portugal Golden Visa, While you don’t need a Portugal Golden Visa language test, if you want to get Portuguese citizenship after your five-year investment is up, then you must take, the Portuguese language test for citizenship. This permits the following family members to join the golden visa holder in Portugal: Family members receive the same rights. Portugal Golden Visa investment options include: The Portugal Golden Visa real estate option is perhaps the most popular way to get residency in Portugal. VALID FOR 2 YEARS, BOTH PERMANENT RESIDENCY AND CITIZENSHIP MAY BE REQUESTED OTHERWISE GV WILL NEED TO BE RENEWED IN YEAR 6. Opportunities to become a permanent resident or citizen is possible, provided that the qualifying investment is kept for at least five years. The test, called The CIPLE Portuguese proficiency test, checks to see if you have a basic understanding of the Portuguese language. Read more in our guide to taxes in Portugal. However, after 5 years of compliance with the regulations, investors may apply for naturalization. While you don’t need a Portugal Golden Visa language test, if you want to get Portuguese citizenship after your five-year investment is up, then you must take the Portuguese language test for citizenship. Spain vs Portugal Golden Visa, what’s better depends on what you’re looking for and how fast you’re looking to get citizenship. You can invest in newly-built properties in thriving Lisbon or Porto starting from €500k, or invest in used property for the goden visa starting from €400K. To get the golden visa, an investment must be made before the application can be filed. Can the Golden Visa Portugal get me citizenship? Note that the certificates of criminal records or police clearance letters must have been issued no more than 90 days before submitting your application. The Golden Visa Program launched by the Portuguese Authorities is a fast track for citizens from non-EU countries to obtain a fully valid residency permit in Portugal (“Golden Visa”). Portuguese golden visa holders receive a temporary residence permit for one year. Portugal Golden Visa new rules, which were due to come into effect in 2021, have been postponed. To get the Portugal Golden Visa permanent residence, you must make and maintain your qualifying investment for a minimum of five years. Minimum investment of €250,000. Does Portugal Golden Visa Program grant citizenship? Once a Portuguese golden visa has been processed, the SEF contacts the applicant (or their legal representatives) to set up an appointment. This guide explains requirements for a Portuguese golden visa, plus details on Portugal’s golden visa program and Portuguese citizenship by investment. Global Citizen Solutions is a crypto-friendly company. Must incorporate or increase the share capital and create at least 5 full-time permanent jobs for at least 3 years, The most economical investment route for the scheme is to make a €280K investment in the, rehabilitation of real estate in low-density areas. Portugal Golden Visa Received EUR 496.7 Million in the First Eight Months of 2020 Investor Interest in the Alternative Routes of Portugal Golden Visa Increases Portugal Golden Visa in 2020 May Outperform Its 2019 Statistics Impressive Comeback in May 2020 from the Portugal Golden Visa Program Portugal Golden Visa Performance through the Pandemic Expatica uses technology such as cookies and scripts to personalize content and ads, provide social media features, and analyze our traffic. There’s also an option to register as a fiscal resident for tax purposes in Portugal. Your dedicated fund manager ensures that the, There’s also an option to register as a fiscal resident for tax purposes in Portugal. After obtaining your NIF, we can help you open a bank account in Portugal. There are many Golden Visa Portugal benefits. In this Golden Visa Portugal 2021 Ultimate Guide, you’ll learn more about: The Portugal Golden Visa Program, also known as the Residence Permit Program is a five-year residency-by-investment scheme for non-EU nationals. Launched in 2012, investors can obtain residency permits for themselves and their families provided that they make a qualifying investment in real estate. An advantage of the Golden Visa Investment Fund investment is that compared to real estate you will not pay acquisition tax (around 6%) … Take a look at our guide for Portuguese residency for EU citizens and family members. The Portugal Golden Visa program is one of the most popular residency by investment schemes in Europe. From its mesmerizing Atlantic coastline and luscious landscapes to its year-round sunshine, Portugal’s charm is irresistible. Investors will be unable to buy property worth €500K in urban centers of Portugal including the Algarve, Lisbon and Porto. Investors for the Portugal Golden Visa can also obtain a European passport in just five years, whereas investors for the Spanish Golden Visa must wait ten years. Since the program’s inception in 2012, over 20,000 Golden Visas have been awarded to families from across the world, and over €4 billion in funds have been raised, making it a globally popular immigrant investor program. The Portugal Golden Visa update would have seen changes where you can buy property in Portugal, providing limitations on location. Some top benefits of the program include: A winning benefit of the golden visa is that your dependent family can be included in the application. What’s unique about the permit is that the investor only has to spend about seven days per year in Portugal to maintain the residency, while still reaping all the benefits of being an EU resident—including visa-free travel in the entire Schengen area. The main benefits of the Portuguese Golden Visa program in comparison to the Spanish one is that investments can be made for a lower amount, starting from €280K. Portugal Golden Visa documents and the Portugal Golden Visa application form must be legalized and translated into Portuguese by a certified translator. Lifestyle choices vary, which is why we take the time to learn about your individual situation and requirements. There are certain criteria that need to be met, such as proof of income and accommodation, criminal record requirements, and basic level knowledge of the Portuguese language. 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