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PORTUGAL GOLDEN RESIDENCE PERMIT

Portugal Golden Residence Permit Programme

Portugal Golden Visa Programme - Background and Guide

The Portugal Golden Residence Permit (Portugal Residence by Investment Program) is designed to encourage investment from non-EU/EFTA nationals, who are High Net Worth Individuals. In 2021, the Portuguese Golden Residence Visa Programme offers a fast-track to obtaining a residency permit in Portugal for non-EU investors who invest a minimum amount as defined by law, in Portugal Property (Real Estate) or Business.

Since the Portugal Residence by Investment Golden visa program started in 2012, more than 4,200 Portuguese golden visas have been approved, representing more than 2.5 billion Euros investment in Portugal. The Portugal Golden Residence Permit financial investment requirements have been established to boost economies in less developed areas, as well as established and urban areas of Portugal.

Contact VisaConnect's specialist Consultants, together with our partner Portugal Lawyers, in 2021, for advice and assistance with your Portugal Golden Visa to obtain a Residency Permit in Portugal!

Why Invest in Portugal Business or Property, in 2021?

Lisbon, Portugal - Golden Visa      Tram in Lisbon, Portugal - Residence Permit

Portugal Golden Residence Permit - Investment Requirements

Portugal Residence Card
To be eligible for the Portugal Golden Visa (Portuguese Residency by Investment Programme), the applicant must meet at least one of the categories listed below:

Property Purchase in Lisbon and Porto Not Allowed after 1 January 2022

On 22nd December 2020, Portugal's Council of Ministers approved an amendment in a decree-law which will change the parameters of where investors can purchase property to qualify for the Golden Visa (ARI) residency programme. The official legislation is yet to be published, but is expected to be released in the coming months of 2021.

The objective of the changes is to increase foreign investment across the interior of Portugal, specifically in low-density regions. Up until now, the majority of Golden Visa investment has been focussed within the main metropolitan hotspots, namely Lisbon and Porto and coastal regions such as the Algarve.

This new law means that Properties acquired for residential purposes after 1 January 2022 will be limited to the Azores, Madeira or any of the interior regions of the country. Therefore, Applicant Investors looking to purchase a second home in the booming Lisbon and Porto residential market or in the coastal areas will no longer be considered eligible under the Golden Visa law.

Note that Commercial properties in Lisbon, Porto, and Algarve (offices, stores, hotels) will continue to be considered eligible investments.

Benefits of the Portugal Golden Visa

Portugal Residence Golden Residence Permit
Outlined below are the benefits of obtaining the Portugal Residence Permit (Portugal Golden Visa):

Supporting Documents for a Portugal Golden Visa

Lisbon Sea, Portugal - Golden Residence Permit
Outlined below are the supporting documents that must be provided to the Portuguese Immigration and Borders Service (SEF) for the Golden residence Permit:

1. Passports - of all applicants

2. Portugal Visitor or Business Visa - evidence of legal entry into Portugal, such as a Schengen visa

3. Health Insurance - Minimum coverage of at least 30,000 EUR. It should cover all member states of the Schengen Area and cover any expenses which might arise in connection with repatriation for medical reasons, urgent health attention and/or emergency hospital treatment or death

4. Criminal Record Certificate - All applicants over 16 years of age. Issued from your Country of Residence, within the last 3 months, before applying

5. Evidence of Dependent Children - evidence may include a University letter and confirmation of payment of tuition fees

6. Receipt of payment of the Portuguese golden visa fees

7. Evidence of having made the Investment in Portugal - Bank statement for financial investment, employment contracts for job creation or deeds of purchase for real estate investment

Portugal Golden Residence Permit and Buying Property in Portugal

For information about the Portugal Property (Real Estate) and how our Immigration Consultants and Portugal Lawyers can assist you, click on the following VisaConnect website pages:

PORTUGAL GOLDEN VISA - RESIDENCE BY INVESTMENT PROGRAM - PORTUGAL RESIDENCE PERMIT - LAST UPDATED: December 4, 2019

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