Portugal
- May 8, 2024
- 3 min read
Portugal is one of the oldest countries in Europe, with a long history and rich architectural monuments. Bright and abundant light shines on the white villages and lush vineyards, allowing it to sit gracefully on the Atlantic coast, shining with happiness.
Why Portugal?
Portugal has a rich multicultural culture, a mild Mediterranean climate, and a safe and stable environment suitable for family settlement, business or tourism. Investors can capture many business opportunities from Portugal's safe and fast-growing market, including:
You do not need a residence visa to enter Portugal.
You do not need a visa to travel within the Schengen area.
After five years as a temporary resident you can become a permanent resident.
Family members may be naturalized together, including spouse or partner, dependent children and dependent parents.
Portugal Citizenship by Investment Eligibility
Portugal’s Golden Residence Permit visa program is provided by the Ministry of Foreign Affairs through the Consular Department of the Ministry of Foreign Affairs and the Portuguese Trade and Investment Agency (AICEP).
In order to attract foreign direct investment, the program provides Portuguese residence permits to non-EU investors who make one of the following investment options and meet the following requirements:
Provide proof of the source of funds for overseas investment.
No criminal records.
The main applicant’s assets are not frozen within the EU.
Pay the necessary application and processing fees.
Entering Portugal for the first time with a valid Schengen visa.
Meet or exceed the minimum stay requirement (7 days in the first year, 14 days in the next two years)
Portugal investment options
1. Real estate investment options
In July 2015, Portugal passed Decree 63/2015 and Regulatory Decree 15-A/2015 to amend the prescribed investment options and create new investment options. Investors can now choose from the following options:
The applicant can purchase real estate worth €500,000 or more, or
Applicants can purchase a property valued at €350,000 or more that is more than 30 years old or located in an urban regeneration area, or
When purchasing a property that meets the above requirements, if the property is located in a low-density area, the house price requirement will be reduced by 20% (i.e. 400,000 euros or 280,000 euros).
Property Selection
Global Immigration Consulting Services Ltd. offers well-known investment projects that meet the expectations of our clients. By investing in a part of the project that has passed the preliminary review, you can become a co-owner of the entire project and be eligible for the Portuguese Golden Visa. The projects we have selected have the following major advantages:
From the first year of operation, you will receive guaranteed rental income every year.
Convenient and flexible exit strategies.
100% return of funds guaranteed upon obtaining permanent residency or citizenship.
Enjoy 7 days of free stay every year.
2. Capital investment
Applicants can invest more than EUR 350,000 in research activities.
Applicants can invest at least €250,000 in a reconstruction or renovation project of artistic or national heritage.
Applicants can invest more than EUR 500,000 in investment funds or venture capital shares.
Applicants must create 10 or more jobs.
population growth | 0.07% |
GDP per capita | $28,500 |
Purchasing power per capita | $297.1 billion |
Passport visa-free countries | 175 |
Location
Southwestern Europe, bordering the North Atlantic Ocean, west of Spain
capital
Lisbon
jet lag
UTC 0
National Land area
92,090 square kilometers
Age Demographics
0-14 : 15.50%
15-24 : 11.4%
25-54 : 41.88%
55-64 : 12.07%
65+ : 18.18%
official language
Portuguese (official language), Mirandese (official language, but only spoken in some areas)
Religious beliefs
Roman Catholic: 81%, Other Christian: 3.3%, Other (including Judaism, Islam, other): 0.6%, No religious belief: 6.8%, Unspecified: 8.3%
politics
Semi-presidential republic
currency
Euro (EUR)
exchange rate
1 USD = 0.9214 EUR
Questions and Answers
Does Portugal offer a citizenship program?
Portugal's Golden Visa allows foreign investors to become residents of the country, living, working and studying in Portugal and moving freely within the Schengen area. After holding temporary residency for 5 years, investors and their families can apply for Portuguese citizenship.
Do I need to live in Portugal to maintain my residency?
To maintain your Golden Visa residency, you will need to reside in Portugal for 7 days in the first year and 14 days every two years thereafter, and the periods do not need to be consecutive. 2019 COVID-19 Update: While the Portuguese Golden Visa was originally valid for one year, it has been extended to two (2) years to give investors more time and facilities to meet the requirements.
Do I need to pay tax if I am not resident in Portugal?
By convention, if you live in Portugal for less than half a year each year, you are considered a non-tax resident and are taxed only on income earned in Portugal. If you become a Portuguese tax resident, you have the right to choose to become a non-habitual resident in Portugal and be exempt from taxation in Portugal on your worldwide income. However, income earned in Portugal is taxed at a flat rate of 20% for the first 10 years, and you can pass on your wealth to your spouse or family members without paying any inheritance tax.
Do I have to live in my investment property in Portugal?
There is no obligation to live in the property you invest in for Portugal Golden Visa. You can rent out your investment or sell it for another property, provided you maintain the minimum investment amount over a 5-year period.
Can all properties in Portugal be applied for a Golden Visa?
You can choose any property in Portugal for investment, provided that it meets the government's minimum investment requirements and is located in an eligible investment area. Arton carefully selects projects to meet customer expectations and provide an unparalleled service experience.
Comments