Portugal Residency

Portugal Permanent Residency

PORTUGAL PERMANENT RESIDENCY:

  • Golden Visa Program: Residence By investment Program of a minimum amount of EUR 250,000
  • No taxes are charged on income for the first 10 years
  • No inheritance tax
  • IMI varies from 0.3%-0.8%
  • Golden Residence Permit Program Is a 5 year Residence by investment
  • Timeframe for obtaining the golden visa through investment is 3-8 Months
  • Visit Portugal 7 days per year during the first year and 14 days /year during the remaining years of investment
  • Citizenship can be obtained after 5 years
  • Visa-free travel in Europe’s Schengen Area and the right to live, work, and study in Portugal
  • Family Reunification
  • Low physical presence requirement
  • Striking taxation system
  • Eligibility to apply for Portuguese Citizenship while keeping other ones
  • The residence permit is valid for a period of one year after issue and renewable for two subsequent periods of two years
  • Two visits are required at the initial application: Inspection, legal Process, Biometric Data
  • Eligible Dependents are: Spouse of the main applicant, Children (biological or adopted) under 18 years of age, Dependent parents
  • Reveal ties to the country and pass a basic language test
  • €5,336.40 Government Fees per family Member For the application
  • Schengen area

ABOUT PORTUGAL:

  • Official Name: Portuguese Republic (Republica Portuguesa)
  • Form of Government: Semi-Presidential Democracy
  • Capital: Lisbon
  • Population: 10,28M
  • Official Language: Portuguese
  • Currency: Euro
  • Area: 92,212 km2
  • Education: Portuguese - Pre-School education, basic education, upper secondary education to High education - Free & Compulsory
  • Culture: Predominantly Roman Catholic –Mixture of Influences: Celtic, Lusitanian, Phoenician, Germanic, Sephardic Jewish, Viking etc.. - Artistic, Historical Heritage, - Traditional Folklore (Ranchos Folcoricos) Music, Drama and dance
  • Environment: 2500 to 3200 hours of sunshine/year - Air and Water Pollution - Mountainous
  • Health Care: Public and Private - High Standard Healthcare
  • Taxation: 14.5-48%
  • Tourism: Major tourist Destination serving millions of international and domestic tourists
  • Weather: Mediterranean
  • Politics: stable
  • Schengen: Member
  • Religion: Christianity- Small communities of diverse religion

QUALIFICATION & INVESTMENT CRITERIA:

Capital Transfer Criteria:
  • €1 Million Capital transfer into a Portuguese bank account
  • €350,000 for scientific and technological research activities for public or private entities
  • €250,000 in support of artistic production or in the recovery or maintenance of national cultural heritage
  • €350,000 for the acquisition of units of investment funds or venture capital funds committed to the capitalization of companies, with a maturity of at least five years and with at least 60% of the investment portfolio in companies that have a head office in the national territory
Property Investment Criteria:
  • €500,000 Real estate purchase
  • €350,000 real estate purchase for the refurbishment of properties older than 30 years or in an area of urban regeneration, including the cost of renovations
  • The threshold will be reduced by 20% if the assets are dedicated to a low population density area, less than 100 inhabitants per km² or with a GDP per capita below 75% of the national average.
Business Investment Criteria:
  • 10 new jobs Creation
  • €350,000 for the incorporation or increase of the share capital of a company that is registered in Portugal maintaining a minimum of five permanent jobs for a period of three years
Qualification Criteria documents:
  • Clean Criminal Record
  • Above 18 years old
  • Health Insurance
  • Successfully pass due diligence checks
  • Confirmed investment sources
  • Original Passport
  • Proof of sufficient Funds through Bank statement
  • Proof of registration in social security and evidence of tax status
  • Proof of elementary proficiency in the Portuguese language

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