The Portugal Golden Visa is the most sought-after citizenship by investment program around the whole world to get the European Visa. The reason for the growing popularity is lenient resident needs and requirements.
Moreover, this visa program has low investment options which are growing the craze among non-EU citizens to apply for Portugal Golden Visa. When applicants will get the Portugal Golden Visa, then the applicant along with his/her family can live and work in Portugal.
The Golden Visa holder can receive benefits in the health and education system, travel to Schengen without the need to apply for another visa, and get eligibility to apply for a Portuguese passport after five years.
Portugal Golden Visa Needs And Requirements
If you want to get the Portugal golden visa, you should consider the following needs and requirements:
- Purchase real estate in Portugal and its worth should be more than €500,000. In case, you are purchase property in a low-density area, then you can make an investment of €400,000 to get eligible for Portugal Golden Visa. From July 2021, the applicants can purchase real-estate properties in metropolitan areas of Portugal like coastal Algarve, Lisbon, etc.
- You can invest in property which is located in the Urban area and it should be worth at least €350,000. In case you invest in a low-density area, then the amount can be down to €280,00. Make sure that the project in which you are planning to invest should be qualified by the Portuguese Immigration and Borders Service (SEF).
- The applicants can invest in the Portugal Investment Fund and the amount should be equal to or more than €350,000.
- Another way of making an investment is to transfer funds to a Portuguese bank account and should be at least €1 million.
- You can make an investment by purchasing €1 million worth of shares. Also, you can make an investment of at least €1 million in a Portuguese company.
- You can complete the investment requirement by generating at least 10 job opportunities in Portugal for Portuguese citizens.
- Investment can be done in the field of research and experiment and the amount should be at least €350,000.
- You can invest a minimum of €250,000 for renovation and reconstruction of Portuguese heritage or arts.
Make sure that you do not have criminal records and you should make sure your assets are legal. Also, you should be over 18 years old.
Applying For a Portugal Golden Visa
Once you have made your investment, you become eligible to apply for the Portugal Golden Visa. You can also appoint a legal representative who will do all these things on your behalf.
The application should be submitted at the Portuguese Immigration and Borders Services (SEF) on your behalf. To apply for a Portuguese golden visa, you should implement the following points:
Firstly, you have to register yourself online on SEF’s portal to get the application for Portugal Golden Visa. When it comes to applying on the website, you will get to know there are various options available on the website.
Complete Your Online Form
You have to upload all necessary documents to apply for the Portugal Golden Visa. The documents required are based on the type of investment you make.
Make sure that documents are in PDF format and the size of documents should not be more than 4 MB. The type of documents which you have to submit while applying for Portugal Golden Visa are described below:
- A document that confirms that you have submitted your application.
- You should pay a fee for the Golden Visa and collect the proof for submission of the fee. After paying all relevant fees, you can collect a single document and upload it online.
- You have to wait for some time to receive confirmation from SEF and you will get the appointment. After getting the approval, you should log in to the ARI portal again and visit the calendar section.
- Now, choose the SEF service counter to apply for a Golden Visa. Once you have selected the SEF counter, the next thing is to choose the right date and time for an appointment. Finally, take the print of the schedule slip.
- You should be on time on your appointment day. You have to appear on the selected SEF service desk. You have to submit your physical copies and biometric data for the required docs.
Benefits Of Portugal Golden Visa
- Visa-free Travel
Once you have received Portugal Golden Visa, you can easily visit 26 counters in the Schengen area in Europe. You do not need to apply for a separate visa to visit these countries. The Portugal Golden Visa will be valid in all these countries.
- Live and Work In Portuga
The Golden Visa holder will get Portuguese citizenship and they can freely live and work in Portugal. The visa holders can also access various other facilities which are offered to Portugal citizens.
You can enjoy the health facilities and provide good education to your kids at no cost. The Portugal Golden Visa holders also have the right to set up their own business in Portugal.
- No Need To Permanently Live In Portugal
The visa holder does not need to live in Portugal full time. These visa holders have to stay only for seven days for the first year and at least 14 years for the next two-year period.
- Lenient Taxation System
The Portugal tax laws are not stringent and the Golden Visa holders can enjoy the attractive taxation system of this country. It means they do not need to pay a huge sum as taxes.
- Eligible For Portuguese Citizenship
After holding a Golden Portugal Visa for 5 years, the visa holder for Portuguese residency. You can be a legal resident of Portugal and gain the same rights as the other citizens have.
- High Standard Of Living
The Golden Visa holders can enjoy high living standards. They can enjoy the local cuisine; culture ensures security and family reunification.po
