Portugal
Overview
Portugal boasts an excellent reputation and is considered one of the world’s most globalized and peaceful nations, with a high quality of life and a very high Human Development Index ranking. It is among the oldest nations in Europe with a rich history, lively culture, exceptional cuisine, stunning beaches, and idyllic countryside.
The Portugal Golden Residence Permit Program (commonly known as the Portugal Golden Visa Program) is a five-year residence by investment program for non-EU nationals. The residence permit gives the right to live, work, and study in Portugal and allows free circulation in Europe’s Schengen Area.
Furthermore, the program only requires an average of seven days per year stay in Portugal over this period, which can also count towards citizenship eligibility after five years.
This Golden Residence Permit is a five-year residence by investment program for non-EU nationals. Portugal is a full member of the EU.
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Minimum contribution of EUR 200,000
Eligibility to apply for citizenship after 5 years as a legal resident while keeping other citizenship(s)
Visa-free travel in Europe’s Schengen Area and the right to live, work, and study in Portugal
Over 6 months
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Investment options:
Capital transfer
• EUR 1.5 million minimum capital transfer into a Portuguese bank account or approved investments. • EUR 500,000 for the acquisition of investment fund or venture capital fund units committed to the capitalization of companies incorporated under the Portuguese law, with a maturity of at least five years and with at least 60% of the investment portfolio in companies with a registered office in the national territory. • EUR 500,000 for research activities of public or private entities that are part of the national scientific and technological system. EUR 400,000 in a low population density area*. • EUR 250,000 in support of artistic production or in the recovery or maintenance of national cultural heritage. EUR 200,000 in a low population density area*.
Property acquisition
• EUR 500,000 minimum real estate purchase (residential property is limited to designated interior areas). EUR 400,000 in a low population density area*. • EUR 350,000 minimum real estate purchase for the refurbishment of residential properties older than 30 years or in an area of urban regeneration, including the cost of renovations (residential property is limited to designated interior areas). EUR 280,000 in a low population density area*.
Business
• Creation of a minimum of ten new Jobs. Eight new jobs in a low population density area*. • EUR 500,000 for the incorporation or increase of the share capital of a company that is registered in Portugal, creating or maintaining a minimum of five permanent jobs for a period of three years.
The new visa officially called the “residence visa for the exercise of professional activity provided remotely outside the national territory” is designed for working professionals.
It’s an alternative to the existing ‘D7’ visa, a popular residency permit mostly aimed at retirees and ‘passive income’ earners.The new visa launching on October 30 - was created after the Portuguese government amended immigration law in July.
To qualify, you must:
- Come from a country not in the EU or EEA.
- Be self-employed or employed by a company based outside Portugal.
- Earn at least four times the Portuguese minimum wage per month - roughly €2,800.
Then for the application documentation requirements are relatively straightforward; only proof of non-EU national residency and employment by a non-EU-based company is needed.