portugal

European residence in 6 months

Minimal physical residency requirements, you are required to visit Portugal for 7 days per year.

No interview, language test, education or management experience required

Adult children above 18 years of age qualify if they prove financial dependency

The Portuguese PR extends to Spouse and children below 18 years of age 

Parents of main applicant also qualify if they prove financial dependency

Open to all non-EU nationalities

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SIMPLE PROCESS

Portugal visa grant you free travel to 29 Schengen countries in Europe

Right to apply for Portugal citizenship after 5 years

If Citizenship obtained in the future, dual nationality allowed

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GLOBAL MOBILITY

Only those staying in Portugal longer than six months a year and deemed resident in Portugal must pay tax over income obtained in Portugal, meaning the Portuguese tax authorities will expect Golden Visa holders to only pay taxes on income related to activities in Portugal and not any other primary country of residence

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WEALTH PROTECTION

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To be eligible for Portugal golden visa under its residency by investment programme, the applicant is required to do a Real Estate Investment and a non-refundable contribution to the Government.

Real Estate Investment through one of the Government approved real estate asset classes: freehold property with title deed; hotel shares; fractional ownership or land. The investment and Government Fees are payable once the citizenship is approved. The non-refundable financial contribution varies depending on the number of applicants as follows:

REAL ESTATE INVESTMENT

        

Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.

In addition to the purchase of real estate, there are Government fees to be paid. 

GOVERNMENT FEES

Located in South Western Europe, on the Iberian Peninsula, Portugal is one of the oldest European Nations, however the Portugal of today is a highly-developed country and the world’s 19th highest quality of life and one of the world’s most globalized and peaceful nations. Portugal is a member of the EU, Eurozone, and the Schengen Agreement. Globally, Portugal is also a member of the United Nations, the OECD, and the NATO. Portugal combines a beautiful landscape with state-of-the-art urban architecture. Once you get Portugal residency, you can enjoy the highlights among Portugal’s attractions vary from culture, gastronomy and wines, beaches, golf, history, a variety of landscapes and above all the hospitality of the Portuguese people.

The Portugal residency by investment program’s legal framework was first introduced by amending Act number 23/2007 of July 4, 2012, which is known as the “Golden Visa”.
On the 8th October 2012, the Government of Portugal made changes to the Immigration Law 29/2012 allowing non-EU Citizens to receive a temporary EU Residence Permit for up to 5 years in exchange for investments in Portugal’s Real Estate. The new regulations offer non-EU Citizens, a simple and fast way for property investors to receive a five-year Residence Permit.

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In accordance with Portuguese Nationality Law 37/81 of the 3rd October 2006, amended by Decree Law No. 322-A/2001 of 14th December, article 6, the Government grants the Portuguese nationality through naturalization to foreigners who fulfill the requirement to be legally resident in Portuguese territory for at least 5 years.

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Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke service that simplifies the application process, requesting from clients the bear minimum. Our job is to simplify the document collection as much as possible and when required we obtain the documents for the client without their involvement. Please note the below list is to be used as a guideline only, after assessing the particular case Citizenship Invest prepares a personalized checklist.

The Portugal residency by investment program’s legal framework was first introduced

GOLDEN VISA PROGRAM

CI Retainer Agreement signed and first Payment of CI Professional Fees.

The Client could select the Portuguese property remotely and CI starts preparing the property purchase documentation required to be presented for Residency application.

WEEK 1-2   

The Client must travel to Portugal to get the passport stamped before submitting the Residency application. If the client does not have Schengen Visa, then a Portuguese Tourist Visa must be applied for at the Portuguese Consulate in the client’s country of origin / residence

The Client & all applicants travel to Portugal on Schengen / Tourist Visa, to obtain passport stamp & visit Immigration Department. Client can see the property, alternatively, can directly transfer the capital to his new Portuguese bank account opened by CI.

WEEK 2-4 

Property Purchase executed by CI Lawyers. Residence Permit documentation is submitted to the Government including the property Title Deed. At this point, Government Processing Application Fees are payable.

The client pays the Submission invoice of CI Professional Fees

MONTH 3 

Upon Approval, a meeting with the authorities is scheduled. At this point, Government Residency Permit Fees are payable.

CI final Professional Fees are paid.
Clients can travel to Portugal to collect the Residency Permit, alternatively, CI lawyers can collect on client’s behalf. Residence Permit is issued within 45 days.

MONTH 4

The estimated time to receive residence visa approval depends on the due diligence processing time and the specific case.

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