Obtain Portuguese residency through Portugal Golden Visa program by investing in world class properties. You will enjoy the convenience of low minimum stay requirements; 7 days for the first year and 15 days for each of the next two years.
There is no denying the fact that residency and citizenship within the Eurozone is highly desirable and sought after due to the economic strength, political stability, desirable climate and educational and career opportunities available to the inhabitants.
Since October 2012 the Portuguese Government made this aspiration more attainable when it announced updates to its Immigration Law which enabled non-EU residents to seek a valid 5-year residency permit in Portugal known as the Portugal Golden Visa Scheme which allows its holders to work, live and travel visa free in Schengen countries through thisPortugal residency by investment programme.
Once an investor purchases real estate in Portugal worth €500,000 or more they are granted a temporary one-year golden visa which is renewed twice for 2-year periods, meaning the combined time for this visa is 5 years. After this 5 years, investors can apply for permanent residency. After 6 years, the individual will be eligible to apply for Portuguese Citizenship and Portuguese passport.
The Portugal residence programis obtainable even if your primary residence isin another country. There are only some basic requirements for Investors as part of this process. A 7 day stay in Portugal must be fulfilled during the first year and 15 days stay during each subsequent period of two years.
One big advantage of this Portugal Golden Residence Permitis that residency is also extended to your family members including your spouse and children under 18 (and children over 18if they are still in full time education) and even the parents of the main applicant. In addition to this the Portugal residency program allows you:
In the 5th year once you receive your Portuguese permanent residency permit you will have the option to sell your property. At the end of your 6th year in Portugal, you will become eligible for Portuguese
and EU citizenship. This is main difference between Portuguese scheme and Greece Golden Visawhich does not entitle Greek citizenship without living in the country.
|Timeframe:||6 months for residency, 6 years for citizenship|
|Portugal Visa Free Countries:||Travel freely throughout the European Schengen Zone with your residency permit. Once Citizenship is obtained you can travel visa free in over 170 countries|
|Type of Investment:||Real Estate Investment|
|Cost of Investment:||€500,000|
Benefits Of Portugal Citizenship And Passport
Financial Outlay Of Portugal Citizenship By Investment Programme
As required by the Portugese Government an investment in Portugese Real Estate with a minimum value of €500,000 is required
Terranova Global has strong partnerships with all major real estate developers and agencies in Portugal and we harness the best network of professional services and local partners to best cater to your unique needs.
We will work closely with you and our network of developers, our Portugese Immigration Lawyer and our agencies to offer a comprehensive list of the best investment opportunities, and present feasibility study of Portugal real estate investments. Our comprehensive analysis is tailored to your specific requirements, and include feasibility studies, area overviews, and site location analysis.
Located strategically at the meeting points of three continents – Europe, Africa and America, Portugal has always been a melting pot of cultures and today is the oldest country in Europe to maintain its historical borders. The country boasts a rich historical heritage, temperate Mediterranean climate, and a diversity of stunning landscapes and cities which rank it consistently as one of the world’s most popular places to visit.
Portugal is a mature democracy with a stable political environment, and well developed democratic institutions including state of the art health care and education. It is a fast- developing free market economy, and a member of the EU single market.
The Portuguese population is highly educated and largely bilingual: half can speak at least one foreign language, mainly English.
This multilingual and multicultural diversity, coupled with a centuries old tradition of welcoming newcomers, ensures that in Portugal, you will truly feel at home.
Timeline Of Portugal Citizenship Application
Once the Terranova Global service agreement is signed we will begin the preparation of your application.
We our expertise and share details of the best potential property or development purchases. The client will then travel to Portugal with a Senior representative from Terranova Global who will support the individual with the viewing of the Portugal Real Estate and purchasing process (including legal and bank accounts).
It is requirement to get the passport stamped for all applicants at this point before application is submitted. As well as this a visit to the immigration department is necessary for all applicants. Should the client and family not have Schengen visas a Portugal tourist visa can be applied for at the Portuguese Consulate in the country of residence.
Once the property is finalized the transfer of funds for the purchase will be executed.
The Portugal Property purchase is finalized through the legal partners of Terranova Global and the application for Portuguese Residence will be submitted to the Government. The property deed forms part of this submittal and The Portuguese Government processing fees are paid.
Once approval for the application has been given a meeting with the Government officials is scheduled for all applicants and the residency fee is transferred by the client. The residency permit will be issued after 45 days of this meeting and collected on behalf of the client by the Terranova legal team and delivered directly to the client in their home country.
Portugal passport visa free countries
Faqs about Portugal citizenship and passport