One of the most popular visas for investors is the Portugal Golden Visa. It is the best way for investors from outside the EU to legally live and work in one of the member countries and maybe even become citizens.
A trip to Portugal is a vacation in a beautiful country. The economy is growing, making it a safe choice to invest money. In addition, Portugal’s place in the European Union (EU) makes it more appealing to Americans who want to get Portuguese citizenship and move to Portugal.
You Can Become A Citizen Quickly And Live Freely
With the Portugal Golden Visa, it’s easy to live in the European Union and eventually become a citizen.
In Portugal, an investment visa is good for five years. It can be renewed every two years, except for the first year, which can be done at the end of the first year. After the first five years, you can apply for permanent residency or citizenship, and your visa can be extended for another year.
If you can speak and understand basic Portuguese, your chances of permanent residency will increase. However, in this way, you will be graded. Therefore, if you want to apply for permanent residency or citizenship at the end of your five-year investor visa, you should study Portuguese for the first five years.
The Application Process Is Simple
Who can apply for an application for a Golden Visa?
People who have made a good investment in Portugal but are neither Portuguese nor citizens of another EU member state or the European Free Trade Association (EFTA) can apply for the Golden Visa. The investment can be made by anyone or any group that meets the requirements.
What are the requirements?
- Keep an investment for at least five years.
- Stay in Portugal for at least 7 days in the first year and 14 days in the following two-year terms.
Your investment will only be approved if at least one of the following conditions is met:
- Investors who are prepared to send at least €1.5 million.
- At least a 10% increase in employment.
- Purchases of at least €500,000 were made outside Lisbon, Porto, and most of the urban and coastal centers in the Algarve.
- Research institutions, whether they are run by the government or by private companies, must put at least €500,000 into the country’s scientific and technological infrastructure.
- Send at least €250,000 to invest in or help protect and fix national cultural treasures and encourage creative thinking.
- Send a third party at least €500,000 to buy units in a fund that invests in companies that meet certain criteria.
- Create at least five full-time jobs in Portugal for at least three years and give at least €500,000 to a Portuguese company that wants to start up or grow.
Buying A Home Is Made Easy
With the Portuguese Golden Visa program, you can take advantage of Portugal’s real estate market, which is rising quickly.
Wealthy investors can take advantage of the country’s thriving metropolitan markets by applying for a visa in the €500,000 category. More and more people are moving to Lisbon to find work, so there is a good chance you could find a nice place to settle down. This Portuguese house is big enough that you could live there for the rest of your life.
You can make good money by investing in real estate in Portugal. If you don’t plan to live there, a management company may take over. They might help take care of a rental or investment property regularly. You can confidently guess how much your assets will bring and report it correctly on your tax returns.
As the demand for Portuguese real estate goes up, you may be able to sell your property for more money. You shouldn’t have trouble selling your home in Portugal on the current market since the country continues attracting buyers worldwide.
Conclusion
The Portugal Golden Visa program is a once-in-a-lifetime chance for people who meet the requirements and are willing to work hard. Opportunities like these do not come every day; for those who want to move to the EU, this is the best chance you will get. The process is simple, and there is plenty of online help if required.
