Residency Program Of Portugal

Residency Program Of Portugal

Description

Portugal Residency By investment

 

QUICK FACTS
LOCATION Portugal is located in the western part of Europe. It shares land borders with only one country, Spain. And is surrounded by the Atlantic Ocean to the west and the south.
POLITICAL STATUS a unitary semi-presidential representative democratic republic
CAPITAL Lisbon
POPULATION 10.8 million (2016)
SIZE 92.391 km²
LANGUAGE Portuguese ( Latin  )
CURRENCY Euro
TIME (GMT-1)
DATE OF INDEPENDENCE December 1, 1640
GOVERNMENT TYPE Republic
LEGAL SYSTEM civil law system; Constitutional Court review of legislative acts

 

INTRODUCTION: 

Portugal is located in the western part of Europe. it shares land borders with only one country, Spain, besides it is surrounded by the Atlantic Ocean to the west and the south.

 

Lisbon is the capital of Portugal and it is the tourist, commercial and political center for the country. It is located in the west of Portugal on the estuary of Tagus of River. Lisbon is Portugal’s largest city and has the main port of the country. it is a perfect tourist destination due to the tranquil atmosphere, delicious food, and many interesting activities such as sport, dance, music and the bullfighting. 

And don’t forget to enjoy your time out in beautiful Cascais, the historical places, beaches and plenty of traditional Portuguese restaurants to suit all tastes, In general Portuguese prefer rural life more than urban life.

 

Investment criteria:

 

Applicants under Portugal Residency Programs can choose the ‘’Golden Visa’’ in order to gain the permanent residency.

 

Application criteria

  1. The applicant must be over 18 years.
  2. Non EU- countries citizen. 
  3. Good Health, applicants should have excellent health and must show that they do not suffer from any contagious diseases. 
  4. Obtaining a valid residence visa.
  5. Physical presence in the Portuguese region.
  6. Able to provide proof of source of funds.
  7. Residency place.
  8. Social security registration.
  9. Free of any criminal act. This may prevent the granting of a visa if been known to the competent authorities.
  10. A criminal conviction has not been punished by imprisonment in Portugal for more than a year.
  11. Not to prevent them from re-entering Portugal after being expelled from the country;
  12. No mark in the Schengen Information System;
  13. No mark in the SEF for the purpose of refusing access.

Benefits of Portugal Residency Program: 

  1. Free entry and moving in Portugal and the other 25 Schengen countries.
  2. Option to obtain permanent resident status after 5 years of having made the initial investment.
  3. Lead to Portuguese Citizenship after 5 years.
  4. Freedom to live and/or work in Portugal.
  5. Option to become a “non-habitual resident” of Portugal for tax purposes, thereby paying little or no tax for 10 years.
  6. Include the spouse or children under 18 years, above 18 years who are single & dependent financially on the main applicant can include as well as the parents of both applicants / suppose who are dependent financially on the main applicant.
  7. Reside in any other Schengen area country for up to a period of three months within every six-month period.
  8. Real estate can be sold after 5 years with no effect on residence, and real estate appreciation rates benefit investors.
  9. Real estate can be leased out to earn rental income. 
  10. Education and professional training.
  11. Official recognition of education diplomas and professional qualifications.
  12. A professional activity, as an employee or as an independent professional.
  13. Healthcare.
  14. Social security benefits, tax concessions, and trade union protection.

Benefits of Portugal Residency Program:

  1. The processing for Residency program takes 45 months.
  2. No education or management experience required.
  3. No language requirements.
  4. No reside requirements. 
  5. No age limitations. 
  6. Open to most non-EU nationalities.

THE MAIN STEPS TO GET PORTUGAL RESIDENCY BY PURCHASE PROPERTY OPTION:

The process may be simplified into the following steps:

Step 1

Prepare the Documents: when the applicant selects purchases a property in Portugal, NTL will prepare the necessary documents of property purchase required to be presented for the Residency application.

Step 2

Visit Portugal; the applicant must get the passport stamped by visiting Portugal before submitting the Residency application. by the Schengen Visa or a Portuguese Tourist Visa that applied at the Portuguese Consulate in the applicant’s country of origin/residence..

Step 3

After purchasing the property, After purchasing the property, the documentation of residence permit is submitted to the government including the property title deed, and pay the government processing application Fees.

Step 4: 

When the applicant gets the approval, a meeting with the authorities is scheduled, and pay the government residency permits Fees.

Clients can travel to Portugal to collect the Residency Permit. 

ECONOMIC RESIDENCY:

GOLDEN VISA 

The applicant can obtain residence in Portugal through the “Golden Visa” which may require to:

  1. Transfer of at least 1 million € to Portugal.
  2. Establish a company in Portugal and invest at least € 500,000.
  3. Create at least 10 jobs in the country.
  4. Purchase a property with a minimum value of 500,000 € in Portugal. The residence permit program in Portugal requires a real estate investment of at least € 500,000 , or in €350,000 for properties that the government courage to buy and located in an urban renewal area.

The options are open to you to invest a million euros, as long as they move from abroad to a bank in Portugal.

It is rare for a company owner to use the option to create a job for a golden visa. It is easier to prove a capital investment compared to employment over five years. Also, it will be a great challenge to support new business with 10 employees with less than € 500,000 in startup capital.

It should be noted that the law requires spending at least 7 days during the first year and 14 days each next year.

 

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