What is Golden Visa
The Portuguese Golden Visa is the opportunity for international non-EU investors to obtain a 5 years residency permit and eventually an option of citizenship in an EU country.
In Portugal the residency is issued if you:
. Purchase a real estate property with a value equal to or above 500,000€;
. Do a capital transfer with a value equal or above 1 Million€;
. Create at least 10 permanent job positions:
. Purchase of real estate property, with construction dating back more than 30 years, or located in “urban recovery area” for refurbishing, for a total value equal to or above 350,000€;
. Capital transfer with a value equal to or above 250,000€ for investing in artistic output or supporting the arts, for reconstructing or refurbishing of a national heritage monument.
After the 1st year, the visa is renewed every 2 years, provided the investment is maintained and the holder of the visa spends a minimum period of time in Portugal, an average of 7 days per year.
After 5 years, the investor can apply for Permanent Residency or Portuguese citizenship provided minimum criteria of A1 level of Portuguese language understanding is achieved by applicant.