- February 5, 2025
- 11:29 am
Gold Visa in Portugal
Who Can Benefit from the Golden Visa?
This attractive scheme, known as the “Golden Visa” or “Investor Visa,” allows eligible individuals to secure residency in Portugal through investment. In this article, we will discuss who can apply for this program, its eligibility criteria, required documents, and the process of obtaining citizenship after receiving a Golden Visa.
On February 16, 2023, the Portuguese government announced its decision to terminate the Golden Visa program. However, later, the Portuguese Parliament approved changes to the program, and contrary to initial proposals for its complete cancellation, the Golden Visa will continue to exist.
Golden Visa Requirements
Recent changes to the Golden Visa program in Portugal have expanded investment opportunities, making the program even more attractive to potential participants.
Updated Investment Options under the Golden Visa Program in Portugal:
- Investments starting from €250,000 allow participation in the restoration or modernization of cultural heritage sites. This includes supporting the preservation of unique historical monuments, buildings, and traditions, contributing to the protection of national cultural wealth.
- Investments starting from €500,000
- Purchase of investment fund shares aimed at capitalizing companies registered under Portuguese law. This type of support promotes business sector growth and stimulates the country’s economic development.
- Investment in businesses that create at least five jobs in Portugal. This contributes to workforce development, increasing employment, and ensuring social stability.
- Investments in Portuguese scientific projects, including financing innovative research, thereby fostering technological progress and scientific advancement.
- Creation of at least 10 jobs in Portugal, either by starting a business or investing in an existing one. This type of investment directly contributes to labor market growth and provides employment opportunities in the country.
Required Documents for the Golden Visa Application
- Application Form – A completed Golden Visa application form.
- Passport – The main identity document of the investor.
- Birth Certificate – A document verifying the investor’s birth.
- Marriage Certificate (if applicable) – Required if the investor is married.
- Dependent Documents (if applicable) – Documents proving dependency status for any dependents.
- Criminal Record Certificate – A document confirming the absence of a criminal record in the country of residence and previous places of stay.
- Medical Certificate – A document proving the absence of health conditions preventing residence in Portugal.
- Health Insurance – Proof of valid health insurance for the investor and their family.
- Proof of Residence in Portugal – A document verifying the actual place of residence in Portugal, such as a rental contract, property ownership documents, or address confirmation.
- Portuguese Tax Identification Number (NIF) – A unique number required for tax purposes in Portugal.
- Investment Compliance Declaration – A document detailing how the investment meets the requirements of the Golden Visa program.
- Source of Funds Declaration – Proof that the funds intended for investment have a legal origin.
- Financial Documents – Bank statements confirming the availability of required investment funds and means for living.
- Additional Documents – Depending on the type of investment, further documents may be required, such as proof of job creation, investment in arts, or scientific research.
All documents must be translated into Portuguese or English and officially certified. If you require additional information or assistance with document preparation, you can contact Portugal Dom via any available messenger.
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Benefits of the Golden Visa Program in Portugal
- Fast-track Residency – The Golden Visa offers a quicker path to obtaining temporary residence compared to other visa types.
- European Residency – The investor and their family can obtain temporary residence in Portugal, with the option to include family members in the application.
- Flexible Investment Choices – Investors can select from various investment options based on their preferences and strategy.
- Investment Return Potential – After the required period, investors can reclaim their funds, for example, through selling shares, business stakes, or other assets.
- Business Opportunities – The potential to develop a business in Portugal and actively participate in the country’s economic growth.
- Education – Access to high-quality education for the investor’s children.
- International Mobility – Free travel and work opportunities within the European Union after obtaining permanent residency and citizenship.
- Minimal Stay Requirements – Investors only need to spend seven days per year in Portugal to maintain their residency status.
Citizenship Process After the Golden Visa
Steps:
- Temporary Residence Permit (TRP): Upon receiving the Golden Visa, the investor and their family obtain the right to temporary residence in Portugal.
- Permanent Residence Permit (PRP): After five years of residence, the investor can apply for permanent residency.
- Portuguese Citizenship: After an additional two years of permanent residence, the investor can apply for Portuguese citizenship.
The Golden Visa program in Portugal not only provides significant benefits for investors but also serves as a pathway to European citizenship, unlocking new opportunities for personal and business development.
