Becoming a European citizen is on the list of millions of Indians – you might be one of them. The entire continent is filled with vibrance, joy, and enjoyment. However, getting European citizenship is a challenge that can easily smash your dreams. If you want to safeguard that dream and experience the European lifestyle – then the Portugal investment visa is your promising ticket to that.
Residency by Investment (Golden Visa) programs are a popular choice for European immigration. They offer investors multiple benefits like a high-quality lifestyle, visa-free travel, access to world-class facilities, amongst many others. The Portugal golden visa is one of Europe’s best CIP programs that get you to your dream destination.
When it comes to the Portugal residency by investment program, a lot of confusion can arise. The investment amount, the benefits, what you need to do – a million questions happen at once. Why is that so? Because the program is so popular and lucrative that every investor wants to get in on that. Just last month, in October 2020, 72 residence permits were given to families under the Portugal investor visa.
This article will answer the 5 most common questions related to the Portugal global citizenship program to clear all your confusion. Keep reading to get all questions answered.
5 common Portugal Golden Visa questions answered
Now there are a lot of questions that you might be struggling with. While we may not take up all of them, we have compiled a list of questions and answers that are the most common to the Portugal immigration by investment program.
1. “What are the investment options for Portugal investor visa?
Under the Portugal investment visa, you and your family of 4 members can move to the country without any hassle. You need to invest in the country and obtain your residency permit.
However, there are three different investment options through which you can get Portugal residency by investment.
The first option is to invest €500,000 in real estate. This is probably the most expensive option, but if you want a house at some of the country’s luxurious locations, then this is the best one. You can also invest €350,000 in a property that is 30 years old and located in an urban regeneration area. The lowest property investment is €280,000 in a low-density population area.
The second option is to invest €350,000 in an investment or venture capital fund and enjoy the valuable returns that come with it.
The third and the cheapest option to invest in the Portugal global citizenship program is to invest €250,000 in the refurbishment or reconstruction of national heritage projects.
Generally, most investors opt for the property investment option as real estate prices always go up, and they get an excellent place to migrate to.
2. “How much time does it take for the application to process?”
It usually takes around 3 to 12 months to obtain your temporary residence permit under the Portugal investment visa. It depends upon all the formalities and the number of applications that are already in the process.
However, it doesn’t take a lot of time, and the process is usually completed by a third of the time. You will get a temporary residence permit that you need to renew in year 3 and year 5 of your stay in Portugal.
3. “So what benefits do I get from the Portugal investor visa?“
Well, there are countless benefits of the residency by investment program that Portugal offers. First and foremost, your family of 4 members is covered under the single application and the investment amount. It means that you can bring your family and experience Europe as residents.
Apart from that, you get a lifestyle upgrade in terms of access to luxurious neighbors, European culture, high-quality products & brands, and much more. Your children can avail the excellent European education system. You will also get the benefits of the universal healthcare system that Europe offers to its residents.
On top of that, Portugal is a beautiful country. You can buy a house near the beaches of Porto, Aveiro, and more and enjoy a relaxed and peaceful lifestyle. It is a fantastic place to retire and is often ranked as one of the top 5 world’s most peaceful countries in the world. The crime rate is extremely low, making the country one of the safest to live in with your family.
4. “Do I get European citizenship under the program?”
The answer is NO. Portugal investor visa is a global citizenship program, but it offers you a temporary residency in the country for 5 years. You have to renew it in year 1 and year 3.
After living for 5 years in the country, you can apply for Portugal permanent residency or citizenship. It is often easier for investors to obtain citizenship than others as they are already residents. In year 6, you will receive your citizenship and get the world’s 6th strongest passport.
You can travel visa-free to 160+ countries, including any country in the Schengen Zone and most of them in the European Union. You will then be officially termed as a “European Citizen.”
5. “How can I get Portugal residency by investment?”
Now, this is something you might struggle with the most. The application process can seem quite challenging. Taking the time out from your busy schedule might not be possible. Even though there are a few requirements, they are time-consuming. From arranging documents to filing for residency, everything can take a toll on you.
We suggest you take the assistance of experts who have already filed applications for the Portugal immigration by investment program. Our team of residence and citizenship planners at My Global Citizenship™ can take care of the entire process for you. We will make it seamless and hassle-free, and before you know it – you will be a European resident. Contact us today for an online consultation.