GOLDEN VISA PROGRAM
THROUGH PROPERTY INVESTMENT
INVESTMENT IMMIGRATION PROGRAMME
TARGETED AT NON-EU CITIZENS TO OBTAIN EU RESIDENCY OR CITIZENSHIP
The legal framework for the Portugal residency by investment program, was introduced through amendment to the law, number
23/2007 on July 4, 2012, which is known as the Golden Visa law. The Portugal Golden Visa Program allows non-EU Citizens, to obtain a
residence permit in Portugal for up to 5 years in exchange for an investment, and after 5 years citizenship availability or permanent
residency without a full time residence in Portugal.
from EUR 280,000
over 6 months
from 5 years
|LOW INVESTMENT THRESHOLD||Minimum threshold of only €280,000 for property in Portugal.|
|RESIDENCY||Portuguese as well as European residency within 6 months.|
|MINIMAL PHYSICAL RESIDENCY|
|Visit to Portugal in the first year for a minimum of 7 days, and in subsequent years until the fifth year for a|
minimum of 14 days.
|FAMILY RESIDENCY||Residence for family members is covered by the same application, such as a spouse or partner, children under the age of 18, children above 18 years of age if they can prove financial independence, siblings under legal custody under the age of 18, dependent children under the age of 26, if they are single and enrolled in fulltime studies or can prove financial dependence on the parents, dependent parents or parents and/or in-laws over the age of 55.|
|Visa-free travel to 26 countries of the EU Schengen Countries: Austria, Belgium, Czech Republic, Denmark,|
Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania,
Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden,
|CITIZENSHIP||Ability to apply for Portuguese citizenship or permanent residency after 5 years without the need to reside|
in Portugal full time.
|NATIONALITY||Admissibility of dual nationality.|
|HIGH RANKED PASSPORT||In addition to being able to live, work and invest anywhere in the countries of the European Union, the ability to visit more than 185 countries with a Portuguese passport without a travel visa, confirms its strength.|
|WEALTH PROTECTION||Obligation to pay tax on income obtained in Portugal, is only mandatory by those residing in Portugal, for more than six months during a year and are recognised as residents, i.e., the obligation of Golden Visa holders’ is to pay taxes on income only related to activities in Portugal and not in their other primary country of residence.|
|SECURITY||Security of residence in a politically and economically stable European country.|
|PUBLIC SERVICES||Access to free public services, such as healthcare and education.|
The Portugal Golden Visa Program for non-EU nationals is a residency-by-investment program. For those who choose to apply for the Portugal Golden Visa, there are three main benefits of such an investment, such as the ability to apply for residency, the ability to migrate and the ability to obtain citizenship.
CITIZENSHIP BY INVESTMENT
Citizenship and a second passport
through investment in Portugal
RESIDENCY BY INVESTMENT
Second residency allowing to travel
and live in Portugal
IMMIGRATION BY INVESTMENT
Possibility to move with entire family
to Portugal and Europe
Under the Portuguese Golden Visa program, various investment options can be undertaken, such as purchasing real estate, making a capital investment or creating employment opportunities. Overall statistics for the Portuguese Golden Visa show that more than 90% of applicants who have benefited from the Portuguese Golden Visa have made investments in real estate. One-sixth of Portugal’s dynamic but stable economy, is based on income from tourism, which leads investors to see Portugal as a prime destination with a booming tourism industry, and at the same time, a flourishing real estate market with a high rental income opportunity. Fortune Homes encourages all non-EU Citizens, who may be interested in obtaining a Portuguese Golden Visa, to consider real estate as an investment option and to review our offer of properties approved by SEF (The Immigration and Borders Service), the agency responsible for issuing the Portuguese Golden Visa regulations.
Portugal Golden Visa’s real estate investment options are as following:
Residential Real Estate
Purchase in an interior area of Portugal: a newly built residential property, from €500,000, or a property used as an investment in a rehabilitation project, from €350,000. If the residential property is located in a designated low-density area, defined as having less than 100 inhabitants per km2 or a GDP per capita GDP below 70% of the national average, and qualified by Golden Visa Portugal SEF for investment, then a 20% discount applies, so the investment minimum amount for new property is €400,000 and used property €280,000.
Commercial Real Estate
Purchase anywhere in Portugal: a newly built residential property, from €500,000, or a property used as an investment in a rehabilitation project, from €350,000. If the commercial property is located in a designated low-density area, defined as an area with population of less than 100 per km2 or a GDP per capita GDP of less than 70% of the national average, and qualified by Golden Visa Portugal SEF for investment, then a 20% discount applies, so the investment amount for a new property is €400,000 and a used property is €280,000.
Real Estate on Madeira or Azores: The possibility of purchasing residential and commercial property anywhere in Portugal on the autonomous islands of Madeira and the Azores, worth a value at least €500,000 or €350,000 if invested in a rehabilitation project.
FORTUNE HOMES OFFERS A RANGE OF INVESTMENT PROPERTIES
AND REAL ESTATE OPTIONS THAT ARE AVAILABLE FOR INDIVIDUAL NEEDS
An outline of the procedures for applying for a Golden Visa:
|CONSULTATION||Initial consultation with Fortune Homes’ consultants on the process of obtaining a Portuguese Golden Visa and investing in a property that meets the clients needs.|
|PROPERTY SELECTION||Presentation of a property listing by Fortune Homes and remote selection by the client.|
|TAX NUMBER & BANK ACCOUNT||Travel to Portugal to obtain a tax number, known also as a NIF number at the local tax and customs authorities office, and opening of a local bank account with the help of Fortune Homes consultants. Also visiting the property of the clients choice. If the right choice has not yet been made, Fortune Homes real estate agents will present several options to choose from on site, so the client can make the right choice.|
|INVESTMENT COMPLETION||Transfer the funds to the Client’s Portuguese bank account and complete the investment with the help and assistance of Fortune Homes’ lawyers.|
|DOCUMENTATION||With the help of Fortune Homes’ legal advisors, we will be gathering all the documents required, to apply for the Portuguese Golden Visa.|
|APPLICATION SUBMISSION||Submission of the application by Fortune Homes’ legal representatives on the behalf of the Client.|
|BIOMETRICS||After initial approval by the Foreigners and Borders Service (SEF) an appointment is arranged to collect the Client’s biometrics data (fingerprints, photo etc.).|
|RESIDENCE CARD||Once the application is approved and the Golden Visa fee is processed, a residence card is issued within 45 days, which can be picked up by Fortune Homes’ legal representatives on the behalf of the client.|
OR PERMANENT RESIDENCY
|Ability to apply for citizenship or permanent residency with the assistance of Fortune Homes after 5 years, after meeting the basic conditions of holding the investment in Portugal for 5 years; spending the minimum required number of days each year in Portugal (7 days for the first year and a minimum of 14 days each subsequent year) and having an A2 Portuguese language certification.|
* A maximum of two visits by the Applicant in Portugal are required until a resident card is obtained, received within 6 months.
Required documents for Portugal Golden Visa:
- A copy of the clients’ valid passport and travel documents.
- Declaration from the clients’ bank in Portugal confirming the transfer of funds.
- Notarised deed or contract of the purchase of real estate in Portugal, or signed promissory contract with proof of deposit paid by the client.
- Proof of health insurance in Portugal (required if the client resides in Portugal), issued no earlier than 180 days prior to the Client’s application.
- A certified copy of a criminal record or a criminal record certificate from the clients home country, issued no later than 90 days prior to the clients application.
- A completed form authorising Golden Visa Portugal SEF (The Immigration and Borders Service) agency, to obtain an extract of the Client’s Portuguese criminal records
- Declaration from the Client confirming compliance with the investment requirements.
- Documents proving good standing with the Portuguese Tax and Customs Authority and the Social Security system, issued 45 days prior to the Client’s online application submission.
- Portuguese Golden Visa application form.
- Confirmation of payment of the application processing fee.
To qualify for the Portuguese Golden Visa under its residency by Investment, the Applicant is required to make an investment in real estate and a non-refundable payment to the Portuguese government.
|PROPERTY ACQUISITION||EUR 500,000|
Subject to a 20% reduction if the property is in a designated low-density area.
More than 30 years old properties are subject to approval of renovation works.
More than 30 years old properties are subject to approved renovation works & located in a designated low-density area.
Fortune Homes’ professional fees, official application forms, certification of citizenship and passport, courier & other costs associated with a case, are subject to a detailed cost quotation and will be provided on a case-to-case basis.
VISA FREE COUNTRIES
Portugal’s Golden Visa offers all of the benefits that come with residence in the EU, such as visa-free travel throughout the Schengen Area – the World’s Largest Visa Free Zone.
Schengen Area signifies a zone where 26 European countries, abolished their internal borders, for the free and unrestricted movement of people and additionally Monaco, San Marino and Vatican City also opened their borders, despite not being members of the visa-free zone.