Located in southwestern Europe, Portugal is bordered by Spain and the Atlantic Ocean and has been a member state of the European Union since January 1, 1986. Portugal’s diverse culture, pleasant Mediterranean climate, and beautiful architectural heritage are what draw people to this quickly growing economy. Portugal has ranked #24 on the U.S. News List of Best Countries globally. It also ranked #18 for Citizenship and #20 for Quality of Life. Long stretches of beach, a mild climate boasting 2799 hours of sunshine per year, and 15 UNESCO Heritage sites makes this country a popular destination for visitors and immigrants alike. In 2017, over 12 million foreigners visited Portugal – rising 12% year after year.
PROGRAM SUMMARY
GOLDEN VISA PROGRAM
| INVESTMENT AMOUNT | €125,000 – 500,000 |
|---|---|
| INVESTMENT TYPE | real estate |
| SPOUSE | Yes |
| CHILDREN | Yes (under 18 years of age) |
| PARENTS | No |
| PROCESSING TIME | 90 Days (average) |
| PHYSICAL RESIDENCY REQUIREMENTS | 7 days in first year 14 days in each subsequent two year period |
| LENGTH OF STATUS RECEIVED | 1 year renewable every 2 years for 4 year period |
| PERMANENT RESIDENCY | After 5 years on Golden Visa |
| CITIZENSHIP | After 6 years of Residency |
| SPECIFIC PROGRAM REQUIREMENTS | Must Keep Property in Portugal |
| NATIONALITY DISQUALIFICATIONS | No |
| DUAL CITIZENSHIP | Yes |
YOUR JOURNEY
STEP ONE
STEP GLOBAL does free assessment for eligibility / IF APPLICANT CHOOSES TO VISIT PORTUGAL – Obtain letter of invitation and Schengen Visa for Portugal Visit / Itinerary for property visits are created as per Applicant’s needs and requests
STEP TWO
Applicant visits Portugal and views various properties / Applicant meets with lawyers in Portugal to grant Power of Attorney (POA) (IF APPLICANT DOES NOT VISIT THIS CAN BE DONE FROM ABROAD) / Applicant opens bank account in Portugal (CAN ALSO SOMETIMES BE DONE FROM ABROAD)
STEP THREE
Transfer made for chosen property / Application is submitted online on the SEF portal along with required documentation and proof of property purchase / Once documents have been checked, originals should be submitted / Biometrics appointment is scheduled
STEP FOUR
Within 90 days – Application is processed (may be up to 6 months for certain nationalities) / Final Government Fees are paid and Golden Visa is Issued