Portugal

Residency-by-Investment

Welcome To Portuguese Residency By Investment

The Portuguese Residency By Investment program (Portuguese Golden Visa Program) was created in accordance with the Ministry of Foreign Affairs through the Department of Consular Affairs and the Portuguese Trade and Investment Agency (AICEP).

Officially known as the Portuguese Republic, the country is located on the breathtaking Iberian Peninsula. Its position as the westernmost nation of mainland Europe gives it a unique climate, with the northern and central parts experiencing a more temperate oceanic climate and the southern regions enjoying a Mediterranean climate.

If you’re looking for visa-free travel throughout Europe, EU residency and an attractive tax regime, then look no further than the Portuguese residency by investment program.

About Portugal

Portugal, beautifully poised on the western edge of Europe on the Iberian Peninsula, shares its border with Spain and is surrounded by the awe-inspiring Atlantic Ocean. As one of Europe’s oldest civilisations, Portugal boasts stunning architecture, rich culture and a long and varied history. Portugal is one of the world’s most developed and peaceful countries. 

The country plays host to a large variety of wildlife including boars, wild goats, foxes and deer. It’s not just the mainland that makes up Portugal but also two significant island groups: The Azores and Madeira Islands. Together they offer a distinctive charm to Portugal’s overall allure.

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CAPITAL

Lisbon

population

POPULATION

10,194,849

Total area

TOTAL AREA

92,212 km2

Currency

CURRENCY

Euro (€)

Geographical Location and Climate

Located in Europe’s southwestern corner, Portugal’s geography is as diverse as its climate – from mountainous northern regions to low rolling plains in the south. The Tagus River acts as a climatic divide for this country offering distinctive seasons on either side- damp cool winters up north while retaining warmth further south.

Portugal boasts a stunning Atlantic coastline, renowned for its exhilarating surf spots in the west, while the south offers a paradise of warm, sandy beaches. Beyond the mainland, the charming fishing locales of the Madeira and Azores islands enhance Portugal’s geographical diversity, adding to its rich maritime allure.

Language and Culture

The official language of Portugal is Portuguese, but English is widely understood, especially in urban areas like Lisbon & Porto, where almost a third of the population resides. Portuguese cities are historic marvels; while modernized, Lisbon retains its historical charm with many constructions from the late 18th century standing tall today!

Portugal’s dedication to its cultural heritage is vividly evident in enduring art forms like “azulejos” tile painting. This commitment reflects a deep appreciation for tradition, skillfully balanced with innovation that respects cultural roots. Such a deliberate approach to valuing and preserving traditional arts highlights a distinct preference for cultural integrity over the risk of cultural erosion seen in other regions.

Economic Overview

The Portuguese economy, a high-income developed market, is primarily service-based, encompassing finance, telecommunications, and tourism sectors. Agriculture, forestry, fishing, and manufacturing also contribute significantly. Major exports include vehicles, machinery, pharmaceuticals, and agricultural products such as olive oil and wine. As of 2024, the average salary in Portugal is approximately €1269 per month, with a relatively low cost of living compared to other Western European countries.

Why Choose The Portuguese Residency By Investment Program

FAST ACCESS TO A EUROPEAN RESIDENCY

You can obtain your European residency in just 6-12 months. After five years, you are then eligible to apply for Portuguese citizenship.

FREEDOM TO TRAVEL

Portuguese residency immediately grants visa-free travel throughout the Schengen States.

BUSINESS BENEFITS

Portugal’s business environment is as welcoming as it is thriving, ranked 39th in the world for "Ease of Doing Business". The country is also a vital business hub for global trade and travel.

FAMILY SAFETY AND FUTURE SECURITY

Portugal is ranked 19th worldwide on quality of life and is also one of the world’s safest countries. Your parents, spouse and children can also obtain the Portuguese Golden Visa and are thereby entitled to live/study/work in Portugal.

How to Qualify For The Portuguese Residency By Investment Program

The Portuguese country side as the sun sets behind the hills

The Portuguese Residency By Investment Program is provided to non-EU nationals who have made a significant investment in Portugal. This program has attracted applicants worldwide, allowing them to live and work in Portugal while enjoying visa-free access across Schengen states.

To qualify for the Portuguese Residency By Investment Program, applicants must fulfill specific requirements, including making a qualifying investment, maintaining it for five years, providing necessary documentation, and paying related fees. Also, they must possess a bank account and tax identification number in Portugal.

Recent changes to The Portuguese Residency By Investment Program include:

  • The program no longer allows real estate investments as a qualifying route. This change is part of the “Mais Habitacão” bill to address Portugal’s housing crisis.
  • Investments in low-density areas may require 20% less capital.
  • The legal residency period now starts when the temporary residence title is requested, streamlining the process.
  • Golden Visa holders now enjoy tax benefits, such as no extra taxes on income generated outside of Portugal and the option to register under Portugal’s Non-Habitual Resident (NHR) Tax Regime for up to ten years.

Eligibility Criteria

  • Must be at least 18 years old
  • Have a clean criminal record in both your country of origin and Portugal
  • Funds used for investments must come from outside of Portugal
  • Must reside in Portugal 7 days in the first year, then 14 days every two years
  • Must obtain health insurance in Portugal
  • Must acquire a NIF number – a tax identification number specific to Portugal
  • Must open a Portuguese bank account

 

Furthermore, once you receive your Portuguese ‘Golden Visa,’ you can apply for citizenship after five years of holding your visa and fulfilling certain requirements.

Investment Options for the Portuguese Residency By Investment Program

Selecting a suitable investment that aligns with your unique financial circumstances is crucial to your Portuguese Residency By Investment Program application process. 

Investors interested in the Portuguese Residency by Investment Program can choose from one of the following options:

1. Donation to Arts and Heritage

Contribute €250,000 to support artistic production, recovery, or maintenance of national cultural heritage.

Additional Fees

Main Applicant Spouse Children between the ages of 12-17 Children 18 and over
Initial application fee USD 5,804.75 USD 5,804.75 USD 5,804.75 USD 5,804.75
Renewal Application Fee USD 2,902.37 USD 2,902.37 USD 2,902.37 USD 2,902.37
Processing Fee USD 581.37 USD 581.37 USD 90.47 USD 90.47
Transaction fee 0.5%-1% 0.5%-1% 0.5%-1% 0.5%-1%
Residence permit card USD 242.18 USD 242.18 USD 242.18 USD 242.18

2. Investment in Scientific Research

Contribute €500,000 to public or private scientific research institutions in Portugal.

Additional Fees

Main Applicant Spouse Children between the ages of 12-17 Children 18 and over
Initial application fee USD 5804.25 USD 5804.25 USD 5804.25 USD 5804.25
Renewal Application Fee USD 2902.67 USD 2902.67 USD 2902.67 USD 2902.67
Processing Fee USD 580.97 USD 580.97 USD 90.47 USD 90.47
Transaction fee 0.5%-1% 0.5%-1% 0.5%-1% 0.5%-1%
Residence permit card USD 241.98 USD 241.98 USD 241.98 USD 241.98

3. Investment in Portuguese Funds

Invest €500,000 into Venture Capital/Private Equity Funds, focusing on technology, agriculture, startups, and healthcare.

Professional fund managers manage these funds, and investors earn returns based on the fund’s performance. The income generated inside the fund is tax-free, and the income distributed to non-tax residents of Portugal is not taxed in Portugal.

Additional Fees

Main Applicant Spouse Children between the ages of 12-17 Children 18 and over
Initial Application Fee USD 5804.25 USD 5804.25 USD 5804.25 USD 5804.25
Renewal Application Fee USD 2902.67 USD 2902.67 USD 2902.67 USD 2902.67
Processing Fee USD 580.97 USD 580.97 USD 90.47 USD 90.47
Management fee - - - -
Residence permit card USD 241.98 USD 241.98 USD 241.98 USD 241.98

4. Company Creation and Job Creation

Option A: Create at least 10 new permanent jobs in Portugal, with no minimum investment amount specified.

Option B: Invest a minimum of €500,000 to incorporate a commercial company in Portugal and create 5 permanent jobs.

Additional Fees

Main Applicant Spouse Children between the ages of 12-17 Children 18 and over
Initial application fee USD 63220.00 - - -
Renewal Application Fee USD 2902.67 USD 2902.67 USD 2902.67 USD 2902.67
Processing Fee USD 580.97 USD 580.97 USD 90.47 USD 90.47
Residence permit card USD 241.98 USD 241.98 USD 241.98 USD 241.98

Portuguese Residency By Investment Application process And Timeline

Obtaining a golden visa involves several stages:

1. Initial Engagements

Engage with a specialized immigration firm for expert guidance in selecting the appropriate investment route for the Portuguese Golden Visa. This initial phase involves understanding and aligning your needs with the various investment options.

2. Submission of Application

The next step entails completing and submitting the required documentation, including the application form and supporting documents, to the Serviço de Estrangeiros e Fronteiras (SEF). This submission marks your formal intention to participate in the Golden Visa program.

3. Payment of Government Fee

At this stage, the applicant must pay the initial processing fee, which is a part of the overall application cost. This fee is non-refundable and must be paid upon submission of the application.

4. Receipt of In-principle Approval

Upon successful initial assessment, the SEF issues an “approval in principle” notification. Subsequently, the remaining portion of the government fee becomes payable.

5. Investment Completion

With the preliminary approval secured, you can now proceed to complete the chosen investment option, whether it be a donation, fund investment, or any other qualifying financial commitment.

6. Biometric Data Collection

A crucial step in the process involves providing biometric data for all applicants, which is necessary for the issuance of the residence card.

7. Compliance with Stay Requirement

A key condition of the Golden Visa is the minimum stay requirement in Portugal. Applicants must adhere to this condition throughout the validity of their residency permit.

8. Residency Card Issuance

Following the collection of biometric data and fulfillment of all investment and legal requirements, the SEF issues the residency cards. This card confirms your legal residency status in Portugal and is the culmination of the Golden Visa application process.


Remember: After five years, you can apply for permanent residency or citizenship in Portugal.

Benefits Of The Portuguese Residency By Investment Program

The Portuguese ‘Golden Visa’ is more than just a residency permit; it is a gateway to numerous opportunities and advantages.

Access to the Schengen Area

Holders of the Portuguese Golden Visa enjoy visa-free travel within the Schengen Area, which comprises 26 European countries. This benefit facilitates easy travel for business or leisure across much of Europe, offering significant flexibility for international investors and their families.

Pathway to Citizenship

After five years of maintaining residency status under the Portuguese Residency By Investment Program, investors and their families become eligible to apply for Portuguese citizenship. This provides an opportunity to become a citizen of an EU member state, which comes with the right to live, work, and study anywhere within the European Union.

Family Reunification

The program allows for family reunification, meaning that the main applicant can include family members in their application. This typically includes the spouse, dependent children, and dependent parents, allowing the entire family to benefit from residency in Portugal and the associated rights.

No Requirement for Permanent Relocation

Unlike some residency programs, the Portuguese Residency By Investment Program does not require investors to relocate permanently or spend the majority of the year in Portugal. The minimum stay requirement is relatively low – just seven days in the first year and 14 days in subsequent two-year periods.

Access to High-Quality Healthcare and Education

Golden Visa holders gain access to Portugal’s healthcare and education systems. Portugal offers high-quality medical care and educational opportunities, providing a safe and stable environment for families.

Attractive Tax Regime

Portugal’s Non-Habitual Resident (NHR) program offers favorable tax treatment for ten years. It includes tax exemptions on certain types of foreign income and reduced tax rates on some Portuguese-source incomes, making it financially beneficial for many investors.

Quality of Life

Portugal is known for its high quality of life, with a warm climate, rich cultural heritage, and a relaxed lifestyle. It’s a safe country with a low cost of living compared to many other Western European countries, making it an appealing destination to live in.

Taxes in Portugal for Expats

Portugal presents an attractive tax regime for expats, especially with its Non-Habitual Resident (NHR) program. Under the NHR, expats can benefit from a flat 20% income tax rate on Portuguese-sourced income and potentially a tax exemption on foreign-sourced income, including pensions, for a period of ten years. 

Regular income tax rates for residents range from 14.5% to 48%, depending on income levels. Portugal also imposes no inheritance or gift tax on direct family members, and there is no wealth tax.

However, capital gains on real estate and financial investments are subject to taxation. Expats should be aware of the global reporting requirements and the importance of understanding both Portuguese and their home country’s tax obligations.

Portuguese Golden Visa FAQs

What is the minimum investment required for the Portuguese Residency By Investment Program?

The minimum investment varies depending on the chosen investment route. For instance, a minimum of €250,000 is required for investments in arts or heritage, while investments in scientific research or Portuguese funds require at least €500,000. The investment amounts may be reduced by 20% if made in low-density areas.

Do I have to live in Portugal to maintain my ‘Golden Visa’ status?

No, you are not required to live permanently in Portugal. However, there is a minimum stay requirement: you must spend at least 7 days in Portugal during the first year and a total of 14 days in subsequent two-year periods.

Can I gain Portuguese citizenship through the Portuguese Residency By Investment Program?

Yes, after maintaining your investment and fulfilling the minimum stay requirements for five years, you are eligible to apply for Portuguese citizenship. This process involves meeting additional criteria like language proficiency and demonstrating ties to the Portuguese community.

Can I work in Portugal with a ‘Golden Visa’?

Yes, Golden Visa holders have the right to live and work in Portugal. The program grants temporary residency that includes the right to work, and this extends to family members who are granted residency through the main applicant’s investment.

How long does the application process for the Portuguese Residency By Investment Program take?

Overall, the Portuguese Immigration Office may take up to six months to review the documents of the Portuguese Residency By Investment applicant. After approval, the residence permit cards are issued, which then need to be renewed every two years. The entire process, from application submission to card issuance, can take between 6 to 18 months. It’s important to note that this duration can count towards the 5-year qualifying period for citizenship.

Who qualifies for the golden visa in Portugal?

The Golden Visa in Portugal is open to any individual who meets the following conditions: You must be a non-European Union, non-European Economic Area or non-Swiss national who is at least 18 years old. It’s essential that you possess a clean criminal record and have funds sourced outside of Portugal for making the investment. 

How much do I need to invest in Portugal to get permanent residency?

The minimum investment required for permanent residence varies depending upon your chosen route. For instance, direct real estate purchases require an investment worth over €500k (lowered to €400k in low-density regions), while capital transfers necessitate a minimum of €1.5 million into Portugal’s economy. On the other hand, business dealings must either create at least 10 jobs or involve an existing business and establish five full-time positions over three years based on a minimum capital expenditure of €500K.

What is the easiest way to get residency in Portugal?

This prominently depends upon the personal circumstances and the financial capability of each investor. However, the most widely preferred entry points have typically been through acquiring property or making significant direct investments within its economy.

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