The Portugal investment visa offers residency to investors and their family in the country. It allows them to stay in the country for 5 years and then apply for citizenship after a couple of years. Here’s a cheat sheet to what you must know about the program
Portugal Investment Visa: The Cheat Sheet –
The Portugal investment visa offers residency to investors and their family in the country. It allows them to stay in the country for 5 years and then apply for citizenship after a couple of years. Here’s a cheat sheet to what you must know about the program.
Types Of Investment
Portugal residency by investment can be attained through three different methods. The first is investing €500K in any real estate property in Portugal. It can be in one or ten properties. It enables to distribute the investment. The second option is by investing €350K in any property, which is 30 years or older and is under the rehabilitation area. The third and cheapest option is to invest €280K in the rural properties that qualify for the program. They are infrequent deals but can be utilized for cheaper residency.
After identifying which program you want to invest in, the program requirements need to be fulfilled. Investors must be a third-country national and should not have a citizenship application from any other European country. They must make and maintain investment for a period of 5 years. They must also spend at least 14 days in the country in the 2 years. The documents must be provided, which include a valid passport, proof of legal entry, proof of health insurance, and proof of payment for investment.
Another thing to keep in mind is to pay the Portugal residency by investment fees. There are several fees associated with the visa. For the financial investment, the fee is €5147 for every applicant in the program. There is also a processing fee of €514.
If careful planning is done, investors can also become non-habitual tax residents of the country. They can avail tax benefits that exclude incomes from business or self-employment, royalties, capital gains, interests, and dividends.
If you’re looking for a Portugal investment visa, My Global Citizenship™ can help. We are a leading immigration investment company that enables investors to become Portugal residents in hassle-free steps. Contact Us today .