Lifestyle choices vary, which is why we take the time to learn about your individual situation and requirements. Visa holders dont need to pay extra taxes on income produced outside of Portugal. The Golden Visa is an indirect route to citizenship. Real estate acquisition is the most common route to gaining a Golden Visa for Portugal, and can be an attractive option for applicants looking to put down roots in the country, as well as those who want to diversify their investment portfolio. Golden Visa Portugal: requirements for a Portuguese golden visa, How to apply for a Portuguese golden visa, Portuguese golden visa scheme for family members, Portuguese golden visa citizenship and permanent residence, Capital transfer of at least 1 million into Portugal, Creation of at least 10 job positions in Portugal, Purchase property in Portugal worth at least 500,000, Acquire real estate in Portuguese urban regeneration areas at least 30 years old to the value of at least 350,000, Investing at least 350,000 in scientific research in Portugal, Investments of 250,000 or more in Portuguese arts, culture, and heritage, Investing at least 500,000 in small- and medium-sized businesses in Portugal, live and work in Portugal, provided they reside in Portugal for a minimum of seven days in the first year of residence and 14 days in each subsequent year, gain visa-free entry to the entire Schengen Area, apply for a family reunion, meaning certain family members can also get Portuguese residency, passport or valid identification document, proof of legal entry into Portugal (e.g., Schengen short-stay visa), proof of health insurance (issued within the last three months), criminal record certificate from country of origin/residence (issued within the last three months), evidence of compliance with tax and social security obligations, receipt of payment of the Portuguese golden visa fees, a bank statement for financial investment, deeds of purchase for real estate investment, Processing fee (application and renewal): 514.80 (plus 80.20 per family member), Initial golden visa for family members: 5,147.80, full-age dependent children who are studying, dependent parents of either the golden visa holder or spouse, minor dependent siblings who are under the guardianship of the golden visa holder. Portugal Golden Visa Ending - What Do We Know So Far Portugal maintains the Golden Visa Programme, Staying in Schengen Zone: the 90/180-day rule explained, Portugal elected with Best Air Quality in Europe, Tax Updates for Non-Residents in Portugal, Portugal Homes voted the Best Luxury Real Estate Investment Consultancy in Portugal by the Luxury Lifestyle Awards 2022, Longest Train Ride: From Portugal to Singapore. Also, your dependent children and dependent parents qualify for the same benefits as you. Find out more in our complete guide to Portugals Non-Habitual Resident Tax Regime and the Portuguese Golden Visa tax benefits. Youre ready to make your eligible investment. Portuguese Golden Visa changes came into effect on 1 January 2022. Starting from 2022, purchasing real estate in Lisbon, Porto, Algarve, Setubal or popular coastal areas, will not qualify you for a Golden Visa. On 24 May, there was a meeting with the Conference of Leaders, but the summary has not yet been published. To be exact 6 931 293 816,38 were invested from October 2012 to March 2023, with 11 921 Residence Permits issued to investors, while 19 433 residence permits were . Golden Visa issuance fee of 5.336,4 per applicant, has to be paid when the application is approved. Golden Visa application legal fees: For a single applicant: 5,000 to 8,000. It is this deadline provided in the law for appointments that the courts have made favorable decisions for foreign investors, whereby the delays in the process are not legal. Expatica helps make your expat journey the experience you've always wanted. Documents showing a good standing with the Portuguese Tax and Customs Authority and Social Security system. . In the main key areas of Portugal, such as Lisbon, Porto, and the Algarve region, which are highly sought-out by all foreign citizens, the Golden Visa Programme is eligible for real estate investments under Commercial and Touristic licensing. For this program, youll normally need to be buying property in an underpopulated area. The costs involved with applying for a Portuguese Golden Visa can be split into several different categories: The government fees payable for applying for a Golden Visa are as follows: How much will this cost you in USD? When it comes to the time for new investors to renew their visas, hopefully, the online renewal service will be engrained feature in the Golden Visa processing procedure. These cookies track visitors across websites and collect information to provide customized ads. Portugal Golden Visa underwent some major changes on 1st January 2022. Golden Residence Permit Program. All rights reserved. The steps to take here will vary based on the type of investment you choose if youre buying a property or investing in a company for example. The capital transfer amount option for the Golden Visa is now 1.5 million. Visas are issued for an initial period of 2 years, but can be renewed and may even lead to citizenship for those who choose to apply. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Yes, you can get both permanent residency and citizenship with a Golden Visa in Portugal after holding your investment for five years. The Portuguese golden visa scheme also allows family reunion. Portugal is an attractive expat destination, with friendly people, great cuisine, and an enviable climate. Portugal Golden Visa 2022 (Requirements, Types of Investments, Changes) Oct 08, 2021 comments off. This is a fantastic option as itll allow you to directly benefit from Portugals Non-Habitual Tax (NHR) Regime. Original documents must be accompanied by a certified translation in Portuguese, which may be done in one of three ways: These are relatively straightforward processes in Portugal and can both be done remotely. This is regardless of the person's country of origin. Please note that the information provided is based on the current state of affairs and may change as new laws come into force. All rights reserved. Minimum investment of 250,000, with a range of investment routes to choose from, including real estate, investment funds, and company creation. Here, you can find the overall statistics for the Golden Visa from October 2012 until March 2023. The cookie is used to store the user consent for the cookies in the category "Other. Dependents younger than 18 years old can be included in the application free of charge. 1 Onboarding: Once you decide on your investment, you must collect the paperwork for yourself and any dependents youll be including in the application. Make sure you brush up on these Portugal Golden Visa changes before December 31, 2021. Housing Crisis in Portugal - Why choose Project Developments for Future Investments. This cookie is set by GDPR Cookie Consent plugin. This involves paying another fee, and submitting some supporting information and biometrics. Our, Portugal Golden Visa: A Complete Step-by-Step Guide 2023, Access to 27 nations in the EU and visa-free travel to 172 nations, Affordable investment options starting from 250,000, Five-years until you qualify for a European passport, A sound investment in a buoyant market that can lead to real returns, Option to become a non-habitual resident and pay little to no tax for 10 years, Italy Digital Nomad Visa 2023 Everything You Need to Know, Greece Digital Nomad Visa 2023 Everything You Need to Know, ANTIGUA AND BARBUDA Citizenship by Investment, ST KITTS AND NEVIS Citizenship by Investment, Portugal Golden Visa Ending: Everything We Know So Far. Without prejudice, at the last conference, bookings were made until 2 June, with the Parliaments agenda being filled by this date. The investment fund amount option for the Golden Visa has changed to 500,000. From its mesmerizing Atlantic coastline and luscious landscapes to its year-round sunshine, Portugals charm is irresistible. The Portuguese Government announced on 16 February 2023 that it would end its golden visa program. Youll also want to open a local bank account this is needed prior to making your eligible investment for the Golden Visa program. Its possible to apply for a Golden Visa without any specialist legal support, but most people choose to have a lawyer or agent help them put together their application pack. 5 years Return of investment.
Portugal Golden Visa : The Definitive Guide 2023 3 Make the investment: We can begin securing your investment and will guide you through the necessary paperwork required to ensure a successful investment. After years of rumors and speculation, on January 1, 2022 Portugal's Golden Visa program changed drastically. Many of the requirements are the same for both residency visas - the timescale is the same and both count equally toward your eventual eligibility to apply for a passport. SEF will notify for making biometric appointments, You will receive your residence card in several months. A 21 DAY TRAIN ADVENTURE Take part on the longest train ride of the world,, GOLDEN VISA PROPERTY HIGHLIGHTS IN LISBON Portugal Homes has unique property, In the main key areas of Portugal, such as. While the Golden Visa application is relatively straightforward, there are quite a few steps to take toward a successful application. A lot of people have been asking if the Portugal Golden Visa is suspended. Dependents younger than 18 years old can be included in the application free of charge. Take a Look at Your Golden Visa Investment Options in our Complete Guide. You must hold your investment for at least five years before youre eligible to apply for permanent residency and a Portuguese passport. Does Portugal Golden Visa Changes 2022 affect investing in Lowdensity and inner areas? The Portugal Golden Visa processing times usually takes between three to six months for the approval and issuance of your residence card. The Golden Visa in Portugal is a program that awards investors with residence permits in Portugal, provided that a qualifying investment is made in the country. Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers and frontline heroes are among those eligible for the Golden visa. Gaining legal residency in Portugal doesnt automatically mean you become a tax resident for Portugal. Portugal Golden Visa: full guide (2022) Gabriela Peratello Published: 18.01.22 10 minute read The Portugal Golden Visa is most commonly obtained by investing in a company, property or fund in Portugal. Note that the certificates of criminal records or police clearance letters must have been issued no more than 90 days before submitting your application. Terms and conditions of the Golden Visa do change regularly in January 2022 a few changes came in including: The information in this guide reflects the 2022 rules and requirements. Each investment type has its own specific requirements for proving this. Wise US Inc is authorized to operate in most states. If you ask the experts, we can say without a doubt that the best Portuguese Golden Visa investment option is a residential real estate investment. For the Portuguese Golden Visa investment fund route, you can choose from sectors such as energy, industry, technology, and real estate.
How to get Portugal Golden Visa: Definitive Guide 2022 Is the Portugal Golden Visa Ending? | May 2023 Update . Portuguese golden visa holders receive a temporary residence permit for one year. Get the latest updates on golden visa and related investments opportunities, and everything else about living in Portugal. Read more about getting a family visa or Portuguese spouse visa. Our firm's highly qualified professionals work together as one team in over 35 offices worldwide in residence and citizenship by investment. SEF has resume their portal for online application submission! Note that, for now, this process is scheduled only for the year 2023 and is intended only to reduce the existing pending cases. This visa allows you and your family legal residence in Portugal. Update 14 April: Final Proposal on the Golden Visa Ending Revealed GLOBAL CITIZEN SOLUTIONS UNIPESSOAL LIMITADA | NIPC 516027212 AMI 17987 | . Regardless, it is still essential to have a good understanding of the Portugal Golden Visa requirements. . You can travel freely without requiring a visa, essentially granting you the travel privileges of European Union citizens. The new online system will significantly speed up the process for Golden Visa applicants to renew their visas while reducing the backlog of renewal applications that have built up in the last couple of years. Children are free of charge. - Advertisement -. Here the minimum investment amount starts at 690,000 and offers citizenship for between . To obtain a "golden visa" in Portugal, you can choose one of the following investment options: Transfer capital to the country in the amount of at least 1.5 million euros (starting from January 1, 2022); Create at least 10 jobs (or 8 in sparsely populated areas); This guide covers all the basics about how Golden Visas work, the application process and costs perfect if youre just starting your research into how best to make your dream of a new life in Portugal come true. These can be issued 45 days before your online application. Visa Exemption The Portugal Golden Visa allows you to enter Portugal and the Schengen area (26 EU Countries). Well then collect the residence cards on your behalf and send them to you. Once the Golden Visa application is analyzed by SEF and receives the go-ahead, SEF then indicates the dates available to schedule the appointment. Transfer funds to your Portuguese account and then make the investment from that account in order to show the authorities proof of the payment. Check out the conversion below: Youll then need to invest through your chosen investment route, as detailed above. The announcement marked the start of a phase of intentions in which the Government is submitting these measures to public scrutiny from a political point of view. Take all the professional advice you need to make sure the process of applying for a Golden Visa is smooth and dont forget to use Wise to cut the costs of currency exchange when youre sending money internationally. Having a helpful agent or legal adviser on hand can take some of the pressure off and make the entire application process run more smoothly. Portugals Golden Visa program is still up and running. Additional fees will occur for dependents aged 18 years and older, which will cost between 500 to 2,000. Unsurprisingly, applying for a Golden Visa will mean collecting a broad range of supporting documents. The following Golden Visa Portugal documents required can change at the discretion of the Portuguese government. across Europe visa-free. Golden Visas can now be renewed on the SEF (Portuguese Foreigners and Border Service) website until 31 December 2023. The Portuguese business investment can be reduced to generating eight positions if its located in a low-density area. However, key differences between the two programs exist, and its important to know what these differences are. Global Citizen Solutions is a crypto-friendly company. Low-density areas determine whether a 20 percent discount rate to your investment applies or not. Find out more by visiting our article on the Portuguese Golden Visa changes. You will get your pre-approval around 3 months after your online application as of May 2022, it is taking around 6 months for pre-approval, for those who have submitted in November 2021). The announcement marked the start of a phase of intentions in which the Government is submitting these measures to public scrutiny from a political point of view. With golden beaches, enticing foods, and excellent weather, both Spain and Portugal offer safe and stable lifestyles in the heart of Europe and straightforward ways to obtain temporary residence permits. Types of income that may qualify under the NHR program include: Additionally, any Portuguese-sourced income would be taxed at a flat rate of 20 percent during the first ten years, and there is also the ability to pass on your wealth to a spouse or dependent without incurring inheritance or gift taxes. By clicking Accept, you consent to the use of ALL the cookies. The minimum investment threshold to qualify for residency has increased for many pathways. In this Portugal Golden Visa A Complete Step-by-Step Guide 2023, youll learn more about: The Portugal Golden Visa Program, also known as the Residence Permit Program, is a five-year residency-by-investment scheme for non-EU nationals. The following family members can be included in the application: To obtain the Golden Visa in Portugal, you must make a qualifying investment usually in real estate or funds and the respective investment for five years. Theres also an option to register as a fiscal resident for tax purposes in Portugal. Which investment types qualify for the Golden Visa? The NHR is a generous tax program with numerous benefits pertaining to your global income. Investors from EU/EEA countries or Switzerland dont require a golden visa but must register their stay. There are many benefits to Portugals Golden Visa program. One sole rule under a touristic license property is that it must not be used as the investors main residential property. The Portuguese Government announced on 16 February 2023 that it would end its golden visa program. If youre employing an agent or lawyer they may have suggestions about which banks serve customers with your needs best. Disclaimer.
Portugal Golden Visa Programme 2022 - High & Low Density Regions The next phase is a debate in the Parliamentary Commission, where all other parties will give their opinions and listen to stakeholders. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. You can read the full story here: Global Passport Index: Where Can Your Passport Take You? 2022. The Portugal Golden Visa program also called the Residence Permit for Investment Purposes allows eligible investors to get a Portuguese residency permit. Getting Portuguese citizenship means you can hold a Portuguese passport and enjoy visa free travel to many countries around the world. It is not intended to amount to advice on which you should rely. Very helpful. The real estate market in Portugal is promising and diverse, even after the new changes that came into effect on 1 January 2022. The possibility of having a grace period is an option, although this is not yet guaranteed, Relatively affordable investment options to choose from (real estate, investment funds, capital transfer, business set-up), Requirement to spend a minimum period of seven days in the first year in Portugal, then a subsequent 14 days for every two-year period, Family members included in the application (including spouse and dependent children), Option to become a Portuguese citizen after the fifth year, Live in a safe country with affordable living costs and a high quality of life. This guide explains the requirements for a Portuguese golden visa, plus details on Portugal's golden visa program and Portuguese citizenship by investment. For the investment, you will need to use your existing capital. For new clients that are considering applying for the Portugal Golden Visa, this new development with the introduction of the online portal is a positive development. Was the Golden Visa suspended in Portugal? While the Portugal Golden Visa is coming to an end, there is still time to apply for the program, but you should start the process now time really is of the essence in this case.
The Golden Visa program was launched in 2012, and had a specific aim of pulling foreign investment into the country following the economic crisis. We offer an array of Portugal Golden Visa real estate options - 280k, 350k to 500k properties - in Lisbon, Porto, Algarve, and low density areas.
Portugal Golden Visa Properties: Real Estate Requirements Real Estate Acquisition.
Portugal Golden Visa 2022 (Requirements, Types of Investments, Changes This is probably the quickest route for obtaining meeting the requirements for Golden Visa application and is easier to capitalise at the end and more tax efficient than other options. In particular, the investment fund option is an excellent way to secure Portuguese residency, or alternatively, you can buy residential real estate in Portugals interior areas. Note that additional fees may apply depending on the investment you wish to make and whether you hire a lawyer to help you with your application which we highly recommend.
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