Portugal Golden Visa

Residence permit in Portugal by investment
Feod Group provides a full range of services for obtaining the Portugal Golden Visa for the entire family

The company engages Portuguese advocates

✓ Investment consulting
✓ Opening of bank accounts
✓ Tax optimization
✓ Registration and purchase of a business in Portugal
✓ Legal support in obtaining a residence permit in Portugal

 

Portugal Golden Visa

 

If you want to invest in Portugal and become a resident, you can apply for a Residence Permit for Investment Activity (ARI), commonly known as the Portugal Golden Visa.

The Golden Visa is one of the most famous and popular ways to obtain a residence permit and, subsequently, Portuguese citizenship.

The program is intended for citizens of non-EU countries, has many investment options and is aimed at attracting funds from foreign investors into the Portuguese economy.

Changes to the Portugal Golden Visa Program in 2023

The Golden Visa has undergone a number of changes over the past few years. On 16 February 2023, the Portuguese government announced its decision to end the Portugal Golden Visa.

However, a little later, the Portuguese Parliament approved changes to the program and, contrary to initial proposals to completely abolish the Golden Visa, the program will continue to exist.

From October 2023 it will no longer be possible to invest in property, residential or commercial, to obtain a Golden Visa, but a number of other routes still exist.

Benefits of the Portugal Golden Visa

✓ Golden visa allows you and your family to live, work and study in Portugal
As a resident of Portugal under the Portugal Golden Visa program, you will be entitled to access at least the following without the need for any special permit: education and training; healthcare; social security benefits; official recognition of educational diplomas and professional qualifications.

✓ Visa-free regime in the Schengen area
Free entry and movement within the Schengen area which includes 27 European countries.

✓ Portuguese resident status for the whole family
The investor’s family members receive a renewable resident card, which expires at the same time as the main applicant’s residence permit.

✓ Freedom to live and/or work in Portugal while maintaining another residence (if desired) in another country
Since there is no requirement for the investor and his family members to reside permanently in Portugal. To maintain and extend your residence permit, you only need to spend only 7 days a year in the country. Most other residence visas require you to spend the majority of the year (6-8 months) in Portugal.

✓ You can apply for Portuguese citizenship and passport – in just 5 years
The Portuguese passport has risen in the ranking of the most valuable passports in the world and entered the TOP 5 passports in the world. As a citizen of Portugal, you have the opportunity to travel visa-free to 188 countries, including: USA, UK, Japan, Hong Kong, New Zealand.

✓ There are no language requirements at the application stage
However, if you want to apply for permanent residence or citizenship after five years, there is a language requirement, but it is only level A2 Portuguese.

 

Investment options for obtaining a Portugal Golden Visa

 

The Portugal Golden Visa program offers various investment options suitable for any investor:

Option 1: Create 10 jobs in Portugal

– Minimum investment amount: none
A minimum of 10 new full-time jobs must be created in a Portuguese business owned by the main applicant.

Or the creation of at least 8 new full-time jobs in a Portuguese business established in a low population density area in Portugal is acceptable.

Low population density areas are regions with a population of less than 100 people per square kilometer or a GDP per capita less than 75% of the national average (for example: the regions of Alentejo, Comporta, Aljezur, Valença, Tavira).

The autonomous island of Madeira or the Azores are not included in low population density areas.

Option 2. Company registration + creation of 5 jobs

– Minimum investment amount: from 500,000 euros
Investment intended to register a commercial company with headquarters in the country, combined with the creation of five permanent jobs. Or to increase the share capital of a commercial company already existing in Portugal with its headquarters, creating five permanent jobs or maintaining 10 permanent jobs for a minimum period of three years.

Option 3: Investing in venture capital funds

– Minimum investment amount: from 500,000 euros
Making capital transfers of EUR 500,000 or more intended for the acquisition of participation interests in investment funds or venture capital funds, if the funds are not related to real estate.

To qualify for the Golden Visa program, at least 60% of the value of the fund’s investments must be in commercial companies based in Portugal.

Option 4: Research Funding

– Minimum investment amount: from 500,000 euros
Investing in research activities conducted by public or private research institutions.

Option 5. Support for cultural heritage

– Minimum investment amount: from 250,000 euros
Investment in the conservation of national heritage, artistic production, art and culture through local and central government, public funds, private public interest funds, local associations and public cultural associations.

 

Contact us!
Our experienced experts and immigration lawyers are ready to guide you every step of the way to your Portugal Golden Visa!
We provide professional assistance, advice and support in selecting the best investment options that meet all the requirements of the Golden Visa program.

 

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    Residence permit and Portuguese citizenship

     

    Initially, the investor receives a temporary residence permit in Portugal. A temporary residence permit (residence permit) is a document that gives foreign citizens the right to stay in the country for a specified period.

    A residence permit in Portugal under a Golden Visa is issued immediately for 2 years with the right to extension.

    The Gold Visa also leads to Portuguese citizenship and a passport.

    After 5 years, the holder of a temporary residence permit can apply for permanent residence (PR) or Portuguese citizenship. A permanent residence permit (PRP) is valid for five years and you can renew it an unlimited number of times.

    If you decide to obtain Portuguese citizenship after 5 years, you will need to prove your knowledge of the Portuguese language.

    The Portugal Golden Visa program requires a minimum period of stay in the country. During the first 2-year period, you must be physically in Portugal for 14 days. And 21 days over the next three years.

    That is, in order to obtain citizenship after 5 years, it is enough to stay in the country for 35 days.

    Portugal allows dual citizenship, so there is no need to renounce your first citizenship.

    Once you obtain permanent residence or Portuguese citizenship, you no longer need to support investments under a Golden Visa.

    Investor's family members

     

    The Portugal Golden Visa gives the investor the right to obtain a residence permit and move to Portugal with family members.

    The investor’s family members receive a renewable resident card, which expires at the same time as the main applicant’s residence permit.

    The following family members may be included in the application:

    Taxes for investors in Portugal

     

    Once you receive your Golden Visa, you do NOT automatically become a Portuguese tax resident.

    An individual is considered tax resident in Portugal for tax purposes if they spend more than 183 days in the country in a 12-month period or maintain a permanent residence there.

    Tax residents are taxed on their worldwide income, while non-residents are taxed on their Portuguese-source income only.

    Personal income of Portuguese tax residents is taxed at a progressive rate from 14.5% to 48% for annual income exceeding €78,000.

    Non-residents are subject to personal income tax at a flat rate of 25% on income earned in Portugal

    Additional solidarity rate varies from 2.5% to 5%, and may apply to taxpayers with taxable income exceeding €80,000

    Gifts of property are subject to stamp duty at a rate of 0.8%. Portugal has no wealth taxes.

    ⇒ You can find out more about taxes in Portugal in our article: Taxes in Portugal for businesses and individuals

    FAQ - Portugal Golden Visa
    What is a Golden Visa?

    The Golden Visa is a government program that allows non-EU citizens to obtain residence in Portugal through investment.

    What types of investments are eligible for the Golden Visa?

    Options for obtaining a Golden Visa include:
    1. Creation of 10 or more jobs
    2. Financial contribution to cultural heritage from €250,000
    3. Financial contribution to research and science from €500,000
    4. Investments in venture capital funds from €500,000
    5. Registration of a commercial company in Portugal with an authorized capital of €500,000 + creation of five jobs

    How to obtain a Golden Visa in 2024?
    • Select your preferred investment route
    • Collect all necessary documents
    • Get a NIF (Portuguese tax number)
    • Open an account in a Portuguese bank
    • Make your investment and collect evidence
    • Apply for your Golden Visa online
    • Obtain pre-approval of your application
    • Come to your biometrics appointment in person
    • Obtain a residence permit from SEF
    For how long is the Portugal Golden Visa issued?

    A residence permit in Portugal for investment is issued for 2 years, with the right to extension. After five years of residence, the investor has the right to apply for permanent residence or Portuguese citizenship.

    Is it possible to obtain Portuguese citizenship by investment using a Golden Visa?

    Yes, the Golden Visa leads to Portuguese citizenship and passport. Eligibility to apply for citizenship is possible after 5 years.

    What is the cost of obtaining a Portugal Golden Visa?

    Government fees

    • Application processing: €533 for main applicant + €83.30 for each dependent (payable at the beginning and at each renewal)
    • Initial registration fee (payable at the beginning): 5325 euros per person
    • Renewal fee: EUR 2,663 per applicant.

    Additional costs: translation and apostilization of documents, notarizations, legal support.

    How long does it take to obtain a Golden Visa in Portugal?

    The waiting time for a Golden Visa application varies and largely depends on which SEF (Serviço de Estrangeiros e Fronteiras – Immigration and Border Services) office you apply to. Typically, SEF offices in larger cities such as Lisbon and Porto have longer waiting times, while smaller cities have shorter waiting times. Currently, from the moment of making an investment, obtaining a Golden Visa residence card takes approximately 6-8 months.

    Which EU countries have Golden Visa programs?

    Golden Visa programs are available in many countries of the European Union: Cyprus, Malta, Greece, Italy, France and Spain.

    Article author

    Anastasia Taran Head of Corporate Services
    Ukraine
    In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes i...
    In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes in immigration and corporate law of European countries, particularly:
    • family and corporate immigration solutions.
    • establishing a business in Europe.
    • personal and corporate taxation in Europe.
    • opening accounts in European banks.
    • obtaining a tax resident status.
    read more
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    Why clients choose Feod Group

    Since 1992, Feod Group has been providing a wide range of legal, business and immigration services in Europe, the USA and other countries of the world.

    The company has accredited western lawyers, experts in various fields of law and jurisdictions of the world.

    Having offices in Europe and the USA, Feod Group provides rapid paperwork and maximum customer comfort.

    We provide our clients with related services, such as relocation and adaptation abroad, organizing family relocation abroad, enrollment of children in schools and many other services.

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