GOLDEN VISA PORTUGAL
What is it?
A Portuguese Golden Visa (ARI – Autorização de Residência para Actividade de Investimento) is a residence by investment permit granted to non-EU, EEA or Swiss individuals who make property investment(s) in Portugal.
Why You
Want it...
Residency – A Portuguese Golden Visa grants you residency in Portugal, and provides you with access to the Schengen Area (insofar as there are no limits on your movements due to your country of citizenship or origin) allowing you freedom of movement throughout the 26 country area.
Citizenship/Second Passport – A Portuguese Golden Visa is your pathway to Portuguese citizenship, and a second passport, with 26 country access, should you successfully complete the 5 year visa holder requirements.
Family Reunification – Family members and/or your legal dependants may also be granted visa(s), which provide residency in Portugal, access to the Schengen Area and the same pathway to citizenship as you the primary Golden Visa holder.
Qualification
Requirements
- An investment of €350,000 on a property in a rural area or for rehabilitation purposes (only if the property is more than 30 years old or located in an area designated for urban rehabilitation) OR an investment of €500,000 on any real estate property
- Maintain the investment for a period of 5 years
- Fulfil the stay requirements (7 days within the first year and 14 days within each following 2-year period)
- A clean criminal record
- Visa renewal after the first year and after the third year
Application
Process
In Country Application – a Portuguese Golden Visa application can be done in person when you are visiting Portugal, or while abroad by appointing a Portuguese lawyer to apply for the residency permit on your behalf.
Foreign Country Applications – Golden Visa applications from abroad are possible but will require additional documentation and processing. These can differ depending on country.
Whichever route to chose will be happy to advise you on obtaining the necessary documentation, guide you through the application and collection process, and assist you to citizenship if you choose.
Documents
Required
- Final Deed of purchase, or Promissory Contract;
- Declaration issued by a financial institution accredited or registered in national territory by the Bank of Portugal, confirming an actual international bank transfer for purchasing or for payment as initial deposit of the sale agreement, amounting to 500 thousand Euro or more;
- Certificate of the Land Registry Office [Conservatória do Registo Predial] issued within the prior 45 days, comprising the registrations, endorsements and entries in force and proving the ownership of the real estate, free of any encumbrances;
- Official Tax Description [Caderneta Predial] of the real estate, when legally feasible.
D7 PASSIVE
INCOME VISA
What is it?
The Portuguese D7 Visa also known as Portugal’s Passive Income Visa is designed for passive income earners and/or retirees who want to live in Portugal for a year or more.
Why you
want it...
Short Residency – A D7 Visa allows you residency in Portugal for an initial period of 1 year.
Permanent Residency & Citizenship – following the initial visa residency period, (and fulfilment of requirements), you have the ability to extend your residency up to 5 years, after-which you may also apply for citizenship granting you:
- Legal citizenship rights
- Family reunification options
- Access to education & health care
- Access to Schengen Area
Tax Advantage – a 10 year tax holiday, (where double taxation treaties with Portugal are available).
Qualification
Requirements
- Proof of minimum income requirements, for a period of not less than 12 months, which are:
- Applicant’s Current minimum wage of at least:
- € 635/monthly = € 7,620/ year;
- Dependant(s) have at least 50% of the current minimum wage:
- (€ 318) = € 3,816 / year;
- Children, young people under 18, and dependent children of legal age:
- 30% of the current minimum wage (€ 191) = € 2,292 / year.
- Applicant’s Current minimum wage of at least:
Application
Process
First Step – The application process may differ depending on your country of residence, but generally consists of two stages:
- The first with the Portuguese Consulate or Portuguese Embassy of the country where you as the applicant reside.
- The second is with the Foreigners and Borders Services (SEF), in Portugal
On understanding your specific situation we will be better able to advise on the process that is best for your needs.
Renewal & Extension – After the initial successful application you will have the option to renew your D7 Visa for successive periods of 2 years and, after 5 years apply to acquire a permanent residence permit or Portuguese citizenship.
The minimum length of your stay in Portugal is 6 consecutive months or 8 intercalated month.
Documents
Required
- Documented evidence of financial position satisfying application requirements
- Evidence of permanent accommodation in Portugal
- Proof of health insurance