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PORTUGAL GOLDEN VISA - RESIDENCE PERMIT BY INVESTMENT IN 2020

Portugal Golden Residence Permit Programme

Portugal Golden Visa Programme - Background

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 2020, 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 2020, for advice and assistance with your Portugal Golden Visa to obtain a Residency Permit in Portugal!

Why Invest in Portugal Business or Property?

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 31 December 2020

The Portugal Executive, on express instructions from the Prime Minister, decided that they want to comply with everything that was agreed with Block and PCP in this year's Budget. The measure to end Golden Visa applications through purchase of Real Estate (Property) in Lisbon or Porto, was foreseen in the State Budget for 2020 in the form of legislative authorization, but was postponed because of the pandemic. However, now the Executive will accelerate the process.

This new rule, which should be ready by the end of the year, means that foreigners wishing to acquire a residence permit in the country through an investment in real estate must do so outside the country's major centers (Lisbon and Porto). Visas will only be issued to those who purchase property in regions in the interior of Portugal.

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

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 Property and Citizenship

For information about the Portugal Property (Real Estate) and Portuguese Citizenship eligibility criteria, 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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