Portugal Golden Visa
Portugal is located at the confluence of Europe, Africa and the Americas, at the southwestern end of the European continent. It borders with Spain and the Atlantic Ocean. The country is divided into 18 regions and two islands. The capital of Portugal is Lisbon. There are about 10.8 million people in the country, 97% of whom are Portuguese, and 85% are Catholic. Portugal has a pleasant climate and long hours of sunshine, with 300 sunny days a year. The average temperature is 17-28℃, and 8-14℃ in winter.
- Ranked 3rd in the World Peace Index 2019 and 2020
- The fifth most livable country in the world
- One of the best countries in the global peace index in 2020
- Ranked sixth in the World Health Index
- Selected in the “Lonely Planet” Top Ten Best Travel Countries Ranking
- In 2020, won the title of Europe’s first “safe travel country”
- The most suitable country to live after the epidemic is over
Portugal’s investment in education accounts for 5.8% of GDP, which is higher than Canada’s 5.2% and the United States’ 5.7%. Portugal implements free and compulsory education until the age of 18. The country has ample public and private universities. Some private colleges and universities cooperate with the United States, Britain, Germany, France and Switzerland to provide dual degree programs.
Portugal places great importance in medical care and has an extremely mature medical system. National public medical insurance accounts for 10% of the country’s total GDP. The average life expectancy of the Portuguese is 81.1. In addition to its good natural environment, a sound medical system is also one of its most attractive factors.
Introduction of Portugal Golden Visa
According to Portuguese law, applicants of Golden Visa are required to purchase real estate of 500,000 euros or more. In July 2015, the law was adjusted so that non-European citizens can purchase renovated properties of more than 30 years. These properties have to be within the reconstruction areas in the Portuguese territory, and the minimum required investment amount is 350,000 euros to obtain the Portuguese golden residence card. After obtaining permanent residency, the property can then be sold.
Application requirements for Portugal Golden Visa
- Main applicant: 18 years of age or above; no business background requirement; no language proficiency requirement; no proof of source of funds required; no asset declaration requirement
- Dependent: spouse, minors or children over 18 years old who are still in school, parents of both parties (three generations of a family)
- Purchase a new property of 500,000 euros or more; or a renovated property of 350,000 euros or more
Portugal Golden Visa Program Advantage
- Real estate investment is safe and stable
The real estate is freehold property, and it can be self-occupied or rented out.
- Short processing time
Portugal only requires the applicant’s passport, ID card, and proof of employment to open a bank account. The new Portuguese law stipulates that the approval period of Golden Visa is 90 days
- Low application requirement
No language, education qualification, source of funds nor management experience requirements
- High level of education
After obtaining the Portuguese resident status, the applicant can immediately enjoy a European education: free admission to Portuguese public schools, 12 years of compulsory education, easy admission to prestigious schools in EU countries, and tuition reductions
- Three generations for immigration
The Portuguese law allows parents of both sides to apply for immigration at the same time.
Parents: Parents who have retired or parents under 65 years old who are not financially independent
Children: children over 18 years old who are still in school, or children under 18 years old
- Easily obtain a permanent residence/naturalization
The applicant must stay in Portugal for 7 days in the first year after obtaining the resident card, and then for 14 days every two years thereafter. The applicant can apply for permanent residence or naturalization after obtaining the Portuguese A2 certificate. The permanent residence property can then be sold
- High-quality social welfare
Golden Visa holders can enjoy social benefits such as work, education, medical care and other social benefits that are given to Portuguese citizens
- High value permanent resident card and nationality
Permanent resident card holders can freely travel to 26 Schengen countries; passports enjoy visa-free or visa-on-arrival for 185 countries around the world; the Treaty of Windsor stipulates that British or Portuguese citizens can live and work in the other country for long period of time.