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To get the offer, you need to sign up from this link or click here and I will introduce you directly to their CEO. If you do go it alone, you should anyway hire a lawyer to look over contracts and other legal aspects of the investment, before signing anything. Again, all documentation unless otherwise noted needs to be issued within 90 days before the date you submit your online application. Anything issued by a foreign entity has to be legalized e.
What type of additional documentation you will need depends on your chosen form of investment. Click each investment type for more information:. The easiest and safest option is to let your lawyer handle and guide you through the application process. The EU members Bulgaria, Croatia, Cyprus, and Romania, are all required to join the Schengen area in the future, but as a Portuguese resident, you can already travel there visa-free. In addition comes the cost of hiring lawyers , as well as any costs of legalizing and translating the supporting documentation.
I would definitely recommend that you do. Most firms offer some discounts for the renewal of the Golden Visa at the end of year 1 and 3. Alternatively, you can hire an independent lawyer specializing in Golden Visas. The price will likely be much more competitive, and you can expect better and more personal followup.
Some law firms are taking advantage of Golden Visa applicants by offering investment options typically in real estate that both look nice on paper and meet the minimum investment amounts.
What they fail to mention, however, is that they are selling it far above the current market value. I recommend Pearls of Portugal. Yes, you can! You can bring your spouse, as well as your kids as long as they are younger than 18 at the time of application, or enrolled in studies and being supported by you. Not even documents issued in English are accepted.
In either case, becoming tax resident in Portugal can be quite lucrative, especially for the first ten years thanks to the Non-Habitual Resident tax scheme.
According to PwC , you will become tax resident in Portugal if you fulfill either of these conditions:. No, it is not required. In that case, it might be prudent to get private health insurance instead. While it might vary over time, the processing time is currently around five months. It used to take longer, but the ability to book interview appointments online at offices outside Lisbon has helped cut the wait time significantly. Due to a change in the Portuguese Nationality law in , the required period of residency before you can apply for Portuguese citizenship has been reduced from six years to five years.
While the application for citizenship may take a while, once granted the application for a Portuguese passport generally only takes about six working days. Yes, in addition to making your investment as an individual, you can make the investment through a legal entity, e. It is essential that you are the only owner or member of the company, and that it is based in either Portugal or another EU member state.
If you still have some questions about the article or the Golden Visa, feel free to post them below.
We will try to answer as much as we can, and may even add your question along with our answer if we think it will benefit others. The usual disclaimer: Nothing in this article is to be considered legal advice. It is merely a best effort representation of the information I have gathered through countless hours of online and offline research into the subject.
If you want definitive answers to specific questions, please consult your lawyer. Get answers to all of your questions in the Nomad Gate community! Join the most active community for DNs, PTs, online business owners, freelancers, expats and travelers.
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Join for free. The Portuguese Golden Visa program is one of the most popular both in Europe and the world, and for good reasons: You can choose from a range of relatively affordable investment options that will give you both permanent residency and citizenship in years. Required time spent in Portugal average only 7 days per year. While a resident of Portugal you are allowed to travel freely in the entire Schengen area. Portugal is a safe and stable country with an excellent and affordable quality of life, good healthcare and education options, well-connected airports, and the best climate in continental Europe.
You will also need to meet the minimal physical presence requirements mentioned below. Maintain the investment for a minimum period of five years. Spend a minimum of seven days in Portugal during the first year , then not less than 14 days in each subsequent 2-year period. Creation of at least 10 jobs. The traditional option. Acquisition of real estate with construction completed at least 30 years ago or located in an urban rehabilitation area, with the execution of rehabilitation works.
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My recommendation for most people. The application and renewal process The initial application is now submitted online, including copies of the supporting documentation. In this first year, you must spend at least seven days in Portugal. After the fifth year, you can apply for permanent residency followed by citizenship. The steps for the initial application look something like this: Get a Portuguese fiscal number NIF and open a local bank account.
Identify and make your investment and make sure to consult a local lawyer before finalizing anything Gather all required documentation from your country of origin at most three months before submitting your application. Have it all legalized and translated into Portuguese. Gather necessary documentation in Portugal your lawyer can help with this Fill out and submit the application for the Golden Visa typically through your lawyer. Pay the processing fee.
Wait until you hear back from SEF with a preliminary approval. Pick a date, time, and place where you will meet in person for your interview. Bring along the originals of the documentation that was submitted with the application to your in-person interview. Wait for final approval. Get your residence card. Repeat a substantial portion of the same process at the end of year 1 and 3. The relatively cheap and easy route: Investment funds If you have been following my writing for a while you know that I am a big proponent of utilizing primarily index funds for growing your wealth over time.
You save lots of time and frustration by not having to deal with all the paperwork involved in acquiring real estate, and getting the real estate purchase approved for the GV. The traditional route: Direct real estate investment Still, a real estate investment might make sense for you. Proof that you are covered either by the Portuguese public health system or that you have private primary health insurance that will cover you for the length of your residency in Portugal or for a shorter period, but with automatic renewal.
Completing a form authorizing SEF to get an extract of your Portuguese criminal records. A sworn statement declaring that you will comply with all the minimum investment requirements amount and 5 year period. These can at most be issued 45 days prior to your online application. A receipt showing that you already paid the application processing fee. Specific documentation relating to your investments see below. However, if you insist on doing it yourself, these are the steps: Go to the SEF application registration form Fill it out, and upload all the supporting documentation legalized and translated.