Portugal’s Golden Visa Program is one of the most popular residency-by-investment programs in the world. Since its inception in 2012, thousands of families have successfully relocated to Portugal ― the darling heart of Southwestern Europe ― and have started new lives.
Why exactly is the Portugal Golden Visa so in-demand? And why are non-EU citizens applying in the hundreds?
In this Golden Visa Portugal 2020 Ultimate Guide, you’ll learn more about:
- What the Golden Visa Portugal is
- Key benefits of the Portugal Golden Visa
- How to get the Golden Visa in Portugal
- Golden Visa Portugal documents required
- Portugal Golden Visa costs
…and so much more!
What is the Golden Visa Portugal?
The Portugal Golden Visa Program, also known as the Residence Permit Program is a five-year residency-by-investment scheme for non-EU nationals.
From its mesmerizing Atlantic coastline and luscious landscapes to its year-round sunshine, Portugal’s charm is irresistible. Portugal’s Golden Visa grants qualifying investors and their family members the right to live, work and study in Portugal and permits free movement in Europe’s Schengen Area.
Opportunities to become a permanent resident or citizen is possible, provided that the qualifying investment is kept for at least five years.
IMPORTANT: Portugal Golden Visa Changes 2020
From an ongoing COVID-19 pandemic, to the Portuguese government’s proposed changes to the Portugal Golden Visa starting from 2021, it’s important to stay informed.
Currently, changes to the Golden Visa Portugal have been suspended.
“The changes are not a priority at the moment,” a source from the Ministry of Foreign Affairs allegedly told the media outlet Dinheiro Vivo.
The changes to Portugal’s Golden Visa program would have rolled out next year, limiting real estate investments to inland municipalities only, as well as the independent regions of the Azores and Madeira.
While the Portugal Golden Visa Program application used to be processed in-person, the government is finding new innovative ways to streamline the application process. And amidst COVID-19, the move to digitalize the Golden Visa application has been welcomed. All documents are now to be submitted digitally, including the issuance of the Portuguese Individual Tax Number [NIF].
Benefits of Portugal Golden Visa
The benefits of a Portugal Golden Visa are one of the main reasons why foreign investors are so vested in applying and seeking residency.
Some top benefits of the Portugal Golden Visa include: