According fortune magazine, Portugal’s Golden Visa stands out as one of the Top 3 of the best countries to obtain a Golden Visain Europe, alongside Greece and Spain. Naturally, many people wonder why it is becoming more and more interesting to become a citizen by investing in the westernmost part of Europe.
What types of investment options are available with the Portugal Golden Visa?
Simply put, you can apply for a Golden Visa in Portugal by investing in two main areas: real estate and capital investments. In order to obtain a golden visa by buying a property, there are several options:
– Purchase of real estate with a value equal to or greater than 500 thousand euros;
– Purchase of a property built more than 30 years ago or located in areas of urban regeneration, to be rehabilitated, for a total value equal to or greater than 350 thousand euros. The amount of this investment can be reduced by 20% when it is made in a low-density territory.
If you choose to apply for a Golden Visa through capital investments, you will need to invest a minimum of 500 thousand euros in the acquisition of shares in investment funds or venture capital funds.
What are the new rules for applying for a Golden Visa in 2022?
One of the major changes since the beginning of the year concerns the rules that apply to those who choose to invest in real estate. The minimum amount of €500,000 remains unchanged, but Golden Visa applicants can no longer purchase property for residential purposes in high-density areas such as Lisbon, Porto and most of the coastline.
The purchase of retail, office, serviced apartments and other commercial property in high density areas is still eligible for the Golden Visa.
At the same time, the minimum amount to be invested in the funds has increased from €350,000 to €500,000, and the minimum capital transfer value has increased from €1 million to €1.5 million. If you choose to invest in R&D, the stakes are also higher, up to a minimum of 500 thousand euros, compared to the previous threshold of 350 thousand euros.
Make sure you get a Golden Visa: film expertise in relocation services
There are many details to unravel as you decide which type of investment is best for you, and ensuring you get a golden visa is exactly what defines film a part: “I’ve also been an expat for 20 years, so I fully understand how important it is to have a plan B, especially in today’s world. Ensuring our clients and their families have access to the Golden Visa in such a safe and welcoming country, and being there every step of the way – from the early stages of an application to the part where they get to know this beautiful country – is what that motivates us every day to do our best,” says James Muscat, CEO and Founder of film.
The Portugal Golden Visa program allows you to invest in; real estate acquisition, fund subscriptions, capital transfers, companies and donations. For example, investors can apply for a golden visa if they set up a business in Portugal and create a minimum of 10 new full-time jobs in a business they own (or 8 in a low density region) or they can invest a minimum of 500 thousand euros in an existing Portuguese company.
Another option is a donation to preserve the national heritage in Portugal – for which a minimum investment of 250,000 euros must be made.
For countries like the United States, in which Roe Vs. Wade has raised considerable social unrest and uncertainty about the future, investing in a Plan B is obviously attractive, and we may even see an increase in US applicants in the months ahead.
The advantages of Golden Visa for investors
As mentioned, one of the advantages of investing in the Portugal Golden Visa is its low investment threshold compared to other European countries, as you can qualify for this visa with as little as 280,000 euros, if you choose a low density property. Region.
As if that weren’t enough, it’s also one of the only countries that doesn’t require you to move to Portugal to obtain – and keep – your residence permit. When you invest in a Portuguese Golden Visa, you only need to spend an average of 7 days per year over the 5-year period, on this sunny side of Europe in order to maintain your residency status. This is what citizenship by investment is – and part of the reason why Portugal is becoming such an attractive plan B for investors and their families.
Moreover, the Golden Visa has the added advantage of being extended to the applicant’s family members with a single investment, through the so-called family reunification program, which can be applied for simultaneously, thus saving the main applicant from wait for the final approval of the Golden Visa.
For those looking to acquire a European passport and visa-free access to 188 countries, this is also a fast-track solution, as those who invest in a Golden Visa can apply for Portuguese citizenship within five years.
Golden Visa timeline: How long does it take to get the Golden Visa?
With film, you can safely apply for a Golden Visa. We will be there every step of the way to ensure everything goes smoothly. You can expect the whole process to take around 6-8 months, with the following steps to consider:
1. Choose your investment: in this phase you will choose the investment solution that best suits you, with our support, advice and expertise, as well as the request for the Portuguese tax number (NIF) and the opening of a Portuguese bank account. This step usually takes about 30 to 60 days;
2. Online submission: submission of all required documents followed by analysis and validation by the SEF (Portuguese Immigration Office), which can take between 90 and 120 days;
3. Appointment to the SEF for the resubmission of the original documentation and collection of biometric data: This is the last approval step, and it may take 60-90 days for the appointment to be scheduled;
4. Issuance of the residence permit: about 20 working days.
With its endless shores and beaches, rich culture, safety and welcoming people, settling in Portugal is becoming increasingly attractive – and the Golden Visa is a very easy way to enter.
Learn more about how to obtain Citizenship by Investment, aka Golden Visa, in Portugal with our team at film. Contact us directly on +351 912 322 858 or email us at [email protected].