A Golden Portugal Visa was introduced by the Portugal government to boost opportunities for intelligent investors who are looking to expand their life into the country. This program helps you get a residency in the Portugal, working your way towards a citizenship by investment.
Golden Portugal Visa explained…
Also known as Portugal Golden Visa Residence Program - A Golden Portugal Visa is a program for individuals looking to obtain residency and eventually gain Portugal citizenship by investment. Established in October 2012 to attract foreign investors from non-EU countries by providing a fast track to get a fully valid residency permit in Portugal.
Some popular investment types part of the Portugal Golden Visa!
It is evident that the program is designed for individuals seeking to gain citizenship by investment. It includes different investment types on different levels which is a pathway for legalization for foreign citizens.
The most popular investment types, are –
- Investment by real estate
- Capital transfer
- Golden Entrepreneur Visa
Investment by real estate
This option, obviously as the name suggests, is a route for citizenship where you can invest and eventually gain citizenship. Although, the catch is that there are parts of the country reserved for potential investors, you have to invest in one of those properties, land, etc.
You have three choices of investment –
· Invest in any property that is worth €500.000 ($585,000) or more. You can either invest in one or various properties to meet the required amount.
· Invest in incentivizing rehabilitation of older properties, as long as it adds up to €350.000, which costs slightly less than the first one.
· Investing in a property in the countryside, which is a cheaper option. It requires a minimum investment of €280.000, but it can only be in rural properties.
A Golden Entrepreneur visa – This isn’t for everyone but if you can meet the eligibility criteria, it can save you €500.000 while being eligible for an EU residence permit. The major requirement for this is that your investment has to establish at least 10 jobs in the Portugal where you register each employee under the Portugal Social Security System. You also must be able to meet the financial 23.75% of gross wages to social security and employees pay a rate of 11% on their salary.
Contributing through capital to Portugal’s economy
a) You can make a capital transfer with a value equal to or above €1.500.000
b) Invest at least €500.000 in a capital venture fund from a Portuguese company. The company must be at least 5 years old and a head office in the country.
c) Invest at least €500.000 in an existing Portugal company while creating 5 permanent jobs for a minimum of 3 years
If you have any questions and queries on Golden Portugal Visa then give us a call on +91 8657 516 866 OR +91 9819 127 002 or email us at investor@smi.legal and book your appointment with our Golden Portugal Visa Experts.
