BROCHURE The Portuguese Residency by Investment as per the changes in the law 23/2007 of 4th July 2023, can be obtained through investments which are NOT aimed directly or indirectly at Real Estate Investments.
The Portugal Golden Visa program, introduced by the amendment of Act 23/2007 on July 4, 2012, allows non-EU investors to obtain a temporary EU residence permit for up to 5 years through investment in Portugal. The program is unique as the law enables the Golden Visa holder to apply for citizenship after 5 years without ever residing in Portugal..
Citizenship Invest ensures the highest success rates through experience and a solid track-record with the different Governments. Every year, we help hundreds of individuals and families to acquire a second residency or citizenship by investment. Citizenship Invest successfully helped clients from over 85 countries around the globe. Most importantly, we have a long-term view of ‘client-advisor’ relationships and commit to our clients for life.
Minimal physical residency requirements of only 14 days visit to Portugal every 2 years.
No interview, language test, education, or management experience required.
Portugal Golden Visa grants you free travel to 27 European countries in the Schengen zone.
You can apply for Portugal citizenship after 5 years of holding Permanent Residency.
No inheritance taxes in Portugal
Only residents who stay in Portugal for more than six months a year must pay tax on income earned in Portugal.
The Portuguese residency permit allows visa-free travel to 27 European countries in the Schengen Area.
The Portuguese residency permit allows visa-free travel to 27 European countries in the Schengen Area.
*The list of countries is subject to variations depending on each government's policy and so is access to these countries.
Portugal's Golden Visa program, launched in 2007, allows non-EU citizens to live, work, and study in Portugal by investing in real estate. This program offers a safe and successful path to Portuguese citizenship in only five years.
The Golden Visa is a residency by investment program allowing third-country nationals to obtain a temporary residence permit through an investment activity in Portugal.
The Portuguese Residency by Investment as per the changes in the law 23/2007 of 4th July 2023, can be obtained through investments which are NOT aimed directly or indirectly at Real Estate Investments.
Applicable to ALL options.
A one-time payment made at the time the application is submitted for both the primary applicant and all subsequent applicants
In addition to the required investment, there are other costs for the Portugal Residency by Investment Program, which are Citizenship Invest professional fees, documents certifications when applicable, courier fees, and other small disbursements. If you wish to receive a detailed quotation outlining all costs, please get in touch with us.
Client signs Citizenship Invest (CI) Retainer Agreement and pays the first Professional Fees.
Clients selects investment option. Citizenship Invest starts preparing the documentation required for the Portuguese Golden Visa application and submits it on your behalf.
The client must travel to Portugal to acquire the passport stamp and submit the Residency application. If the client does not have a Schengen Visa, they must obtain a Portuguese Tourist Visa from the Portuguese Consulate in their country of origin or residence.
All applicants, including the client, must travel to Portugal on a Schengen or Tourist Visa to obtain the passport stamp and visit the Immigration Department. Client transfers the capital directly to their new Portuguese bank account opened by CI.
CI team submits the Residence Permit documentation to the Government, including the proof of capital transfer.
Government Processing Application Fees and CI fees are payable at this point.
Once approved, the CI team schedules a meeting with the authorities, and the client pays the Government Residency Permit Fees and CI final fees.
Clients can travel to Portugal to receive the Residency Permit, or CI lawyers can receive it on their behalf. The government issues the Portugal Residence Permit within 45 days.
The estimated time for Portugal residency by investment visa approval depends on the processing time for due diligence and the individual case.
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The Main Applicant must be at least 18 years old.
Maintain a clean criminal record in both your home country and Portugal.
Must be in good health and provide a medical certificate.
Make a qualifying investment either in commercial or tourist property or in residential real estate and maintain it for at least 5 years.
Meet the 7-day residency requirement in the first year and the 14-day residency requirement in the following 2-year periods.
Citizenship Invest provides personalised assistance for the Portuguese Golden Visa application, including a dedicated Document Collection Specialist to simplify the process and create a customised checklist. Please get in touch with us for more information on the Portugal Residency by Investment program and its requirements.
Portugal Golden Visa applicants have two options for real estate investment, residential and commercial, throughout the country's various districts. To be eligible for the program, the minimum investment amount for purchasing new or used residential property in Portugal's interior areas is €500,000. Notably, a commercial real estate asset, including properties in major Portuguese cities such as Lisbon and Porto, can also be obtained for a sum starting at €500,000.
For those interested in Portugal Golden Visa at a lower investment threshold, real estate investments worth less than €280,000 are also available. You receive a residence permit after buying a villa, apartment, or hotel stake.
Please note that real estate investing is the most favoured option for obtaining the Golden Visa.
Yes, you can renew your Portugal Golden Visa after it expires. The Portugal Golden Visa program requires investors to renew their cards every two years. You must pursue the renewal process between one and three months before your current residence permit expires.
Portugal's Golden Visa holders can now renew their visas online, a new system that will significantly simplify the renewal process. After you renew your initial Golden Visa card twice and complete five years, you are eligible to apply for permanent residency or citizenship in Portugal.
Through the Golden Visa program, you can pursue citizenship in Portugal. After renewing your initial Golden Visa card twice, totaling five years, you become eligible to apply for permanent residency or citizenship.
Unlike other countries, residing in Portugal is not a requirement for citizenship eligibility. To qualify for citizenship, you must have no outstanding tax obligations in Portugal and maintain a clean criminal record in Portugal and your home country.
The Portuguese residency card acquired via the Golden Visa program grants the holder the right to travel throughout the EU Schengen area, and this program paves the way for eventual Portuguese citizenship.
Investing in property for a Portugal Golden Visa carries some risks. One drawback of the program is Portugal's highly competitive real estate market, resulting in steep property prices in sought-after areas. Moreover, starting in 2022, acquiring a Portugal Golden Visa through residential property purchases in major coastal cities like Lisbon, Cascais, and Porto is no longer possible. Consequently, commercial property is the only option for investing in real estate in these areas.
Nevertheless, investing in designated interior regions of Portugal with a minimum investment of €500,000 or €350,000 for a rehabilitation project can be a viable alternative. It's crucial to remember that the investment must be made before applying for a residence permit.
Yes, you can rent out your property if you obtain a Portugal Golden Visa. Buying property in Portugal is the most popular way to get a Golden Visa, and an investor can buy a villa, apartment, or share in a hotel to obtain a residence permit. Once the Golden Visa residency permit is granted, you can live, work, and study in Portugal. The Portugal Golden Visa program allows the holder to travel throughout the EU Schengen zone, and citizenship of Portugal is ultimately possible through this program.
Therefore, you can rent out your property to tourists or long-term tenants, which can be a good investment opportunity due to the flourishing real estate market, high rental yields, and booming tourism industry in Portugal.
The procedure for selling a property acquired through the Portugal Golden Visa program is identical to that of selling any other real estate. While you have the freedom to sell your property whenever you wish, it's crucial to remember that the investment must be made before applying for a residence permit. Selling your property before the five-year period has elapsed will result in losing your Golden Visa status, necessitating a new visa or residency permit application.
Additionally, starting in 2022, obtaining a Portugal Golden Visa by purchasing residential property in major coastal cities such as Lisbon, Cascais, and Porto will no longer be possible. Consequently, if you intend to sell your property in these locations, you must seek a buyer not pursuing a Golden Visa through the purchase of the property.
Nevertheless, you can continue to sell your property in specified interior regions of Portugal, provided the property is valued at a minimum of €500,000 or €350,000 if it is part of a rehabilitation project.
“The team at Citizenship Invest was incredibly helpful in guiding me through the Portugal Golden Visa application process. Their legal advice made the experience smooth and efficient.”
“Citizenship Invest's consultants guided me through the entire Portugal Golden Visa process, from selecting the right investment to obtaining my residency cards. Their support was exceptional.”
“I highly recommend Citizenship Invest for their exceptional service in helping me obtain my Portugal Golden Visa. Their knowledge of the program's benefits, such as including my spouse and children, was invaluable”
“I loved Citizenship Invest's tailored approach to assisting me in finding the best investments for my Portugal Golden Visa. Their personalised recommendations made the entire process stress-free.”
