Portugal’s Golden Visa program is a popular immigration option for individuals looking to live and work in Europe. This visa offers several benefits, including the ability to live, work, and study in Portugal, travel freely throughout the Schengen Area, and eventually apply for permanent residency and citizenship.
Eligibility Criteria
To be eligible for a Golden Visa to Portugal, you must meet the following requirements:
- You must make a qualifying investment in Portugal, such as purchasing real estate worth at least €500,000, investing in a Portuguese company, or transferring at least €1 million into a Portuguese bank account.
- You must spend at least 7 days in Portugal in the first year and 14 days in each subsequent two-year period.
- You must have a clean criminal record and no history of illegal immigration.
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The Investment Options
Real Estate Investment
As previously noted, one of the most popular options for obtaining a Golden visa to Portugal is investing in real estate (you need to purchase a property worth at least 500,000 euros). The property can be used for personal use or rental purposes. For instance, if you purchase a €500,000 property in Portugal, you can get this visa and enjoy the benefits it offers.
Company Investment
There is also an option to get this Visa to Portugal through investment in a Portuguese company. This one requires you to create or invest in a Portuguese company with a minimum capital of €350,000. For example, if you invest €350,000 in a Portuguese company, you can be the owner of a Golden Visa and live and work in Portugal.
Capital Transfer
A third option for having a Golden Visa to Portugal is through a capital transfer of at least €1 million into a Portuguese bank account. This option is suitable for individuals who do not want to invest in real estate or a company. Guess what? Another example! If you transfer €1 million into a Portuguese bank account, you will be able to evaluate the advantages of using this visa and all its advantages.
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Costs
There are several costs associated with obtaining a Golden Visa to Portugal, including the investment, processing fees, and legal fees. Some of the costs to consider when buying a Golden Visa to Portugal include:
- Investment: The minimum investment required for the Golden Visa program is €500,000 in real estate, €350,000 in capital transfer, or €350,000 in a Portuguese company.
- Processing fees: There are various processing fees involved in obtaining a Golden Visa, including fees for the residency application, background checks, and biometric data collection.
- Legal fees: Obtaining a Golden Visa requires professional assistance from lawyers or immigration consultants, and the fees for their services can vary.
- Health insurance: All Golden Visa applicants are required to have health insurance coverage in Portugal, which can add to the overall costs of getting the visa.
- Travel expenses: Applicants may need to travel to Portugal multiple times to complete the application process and attend mandatory interviews, which can incur additional expenses such as flights and accommodation.
Conclusion
To sum up, the cost of getting a Golden Visa in Portugal includes various factors such as investment, processing fees, legal fees, health insurance and travel expenses. These costs can differ based on the type of investment chosen, the number of applicants, and the professional fees required. As a result, it is crucial to take into account these costs thoroughly and seek professional guidance to fully comprehend the financial requirements and obligations involved in acquiring a Golden Visa to Portugal. Ultimately, the advantages of buying a Golden Visa, such as residency in Europe and the ability to access a multitude of investment prospects, may outweigh the costs for many individuals.