Portugal, located on the Iberian Peninsula and sharing a border with Spain, is a captivating country known for its stunning coastline, rich history, and warm hospitality. Just like Spain, Portugal offers a Golden Visa program that allows foreign investors a pathway to live, work, and start businesses in Portugal, positively impacting the country’s economy.
The Portugal Golden Visa program is one of Europe’s most popular residency-by-investment options, offering a pathway to residency and potential citizenship for investors and their families through significant investments in Portugal.
Key Facts About Portugal
- Capital City: Lisbon
- Languages: Portuguese (official), Mirandese (regional)
- Visa-Free Countries: 186, including the US, Canada, UK, Australia, and most of Europe
- Currency: Euro (€)
- Total Area: 92,390 km² (35,665 sq mi)
- Population: Approximately 10.3 million
- Neighboring Country: Spain (to the east and north), Atlantic Ocean (to the west and south)
- Time Zone: Western European Time (WET, UTC+0) / Western European Summer Time (WEST, UTC+1) during daylight saving time
Benefits of the Portugal Golden Visa
- Permanent Residency: Apply for permanent residency after five years of temporary residency.
- Visa-Free Travel: Travel freely within the Schengen Area.
- Family Inclusion: Include spouses and dependent children in your application.
- Tax Benefits: Enjoy favourable tax regimes for non-habitual residents, including a flat 20% tax rate on foreign income.
- Minimal Stay Requirement: Only 14 days every two years.
- High Quality of Life: Portugal offers a mild climate, rich culture, and excellent quality of life.
- Education and Healthcare: Access to Portugal’s education and healthcare systems.
How Does It Work?
To qualify for a Portugal Golden Visa, you must:
- Be a non-EU/EEA/Swiss citizen
- Be at least 18 years old
- Have no criminal record
- Make a qualifying investment
Investment Options for the Portugal Golden Visa
- Real Estate Investment:
- Purchase property worth €500,000 or more.
- Renovate property older than 30 years with a minimum investment of €350,000.
- Capital Transfer: Transfer €1 million to a Portuguese bank account.
- Job Creation: Create at least 10 jobs in Portugal.
- Investment in Portuguese Companies: Invest €500,000 in a Portuguese company.
Considerations
- Residence Requirements: No strict residency initially, but some stay requirements apply to maintain status.
- Due Diligence: Thorough checks are conducted by Portuguese authorities.
- Investment Risks: Real estate and other investments carry risks.
- Tax Implications: Understand the tax implications of the non-habitual resident regime.
- Language: Learning Portuguese can help you integrate better.
Conclusion
The Portugal Golden Visa offers an attractive pathway to European residency and citizenship. While the investment options have evolved, the program continues to be a popular choice for those seeking to expand their global horizons.
Take the Next Step
Dual Luxury World can guide you through the Portugal Golden Visa process. Contact us today for a free consultation and let us help you make your dream of European residency a reality.
