The Portuguese Golden Visa Programme, which was launched by the Portuguese authorities in October 2012, is a fast-track residency programme for foreign investors from non-EU countries. It provides investors with a fully valid Residency Permit in Portugal (a ‘Golden Visa’).
Under the Golden Visa Programme, investors simply need to carry out one of the purchase options set out in the law to qualify to obtain a Residency Permit in Portugal. This Residency Permit will allow the investor to enter and/or live in Portugal and to travel freely within the vast majority of EU countries (the Schengen Area).
Aimed at attracting foreign investment to Portugal, the Golden Visa Programme is very straightforward and flexible, with simple and clear legal requirements. With extremely low minimum stay requirements, the programme is clearly the most attractive residency programme in the world for investors.
The Golden Visa Programme in Portugal is the most popular residency programme in the world.
It is the world’s most popular golden visa; 1,414 visas were issued in 2016 alone. Applicants and their families may apply for both permanent residency and citizenship just after five years!
An investment starting from €280,000 in property will grant a Residency Visa for you and your dependent family members.
Apart from property investment, there are also other routes under the programme. The capital investment route requires an investment starting from €200,000. The employment route requires you to create at least 10 local jobs for a period of at least five years. This requirement is reduced by 20% if jobs are created in an area of low population density. In this instance, only 8 jobs would need to be created.
However, the most popular investment route under the golden visa in Portugal is property investment. 94% of golden visas issued by the Portuguese government in 2016 were granted based upon property investments. This investment route is so popular because the real estate sector is considered a safe haven; the country’s low supply and strong demand keeps prices high. Returns for real estate sold in areas such as Lisbon and the Algarve average at around 15% – making property a solid investment.
Benefits of Portugal Golden Visa
Obtaining a Portugal golden visa allows you to:
- Live and work freely in Portugal
- Bring your spouse, children and any dependants with you with no additional investment requirement by applying for “family reunion”
- Travel without a visa across most of Europe (Schengen area) including Germany, France, Italy and Switzerland
- Access public services including the National Health Service, schools and universities
- Receive permanent residency after five years, and Portuguese citizenship (and an EU passport) after 5 years
- Receive foreign income from employment or self-employment without double taxation
Portugal is an attractive destination for both residence and vacations. With a warm Mediterranean climate, stable government, and quality international schools – it’s no surprise that Portugal’s capital, Lisbon, is ranked among the best cities in the world for quality of living.