- Why get the Portugal Golden Visa: Benefits
- How to get a Portuguese Golden Visa
- Investment options
- The Golden Visa for citizens of New Zealand
- How we can help
- Plus much more!
IMPORTANT UPDATE: PORTUGAL GOLDEN VISA 2023
The Portugal Golden Visa program has recently undergone substantial changes. The new legislation, which took effect in October 2023, eliminated the purchase of real estate and real-estate-related funds as qualifying investment options for the program.
However, several attractive investment routes still maintain their eligibility for the program. To learn more, please refer to our comprehensive guide: Portugal Golden Visa
Benefits Of The Portugal Golden Visa Program
The Portugal Golden Visa for New Zealanders has an array of benefits, including the potential for an EU passport after five years. Here, we’ve listed some of the biggest advantages of the scheme.
The right to live and work in Portugal
Armed with a Portugal Golden Visa, you can live, study, and work in Portugal. The residence visa extends to cover your family members as well. Portugal has a very high standard of education, making it an excellent option to consider for your family’s future.
You can see more about the education system in the country here.
Flexible stay requirements
The Portugal Golden Visa for New Zealanders provides an excellent opportunity if you are looking for a backup plan but are not ready to leave your homeland of New Zealand. With a flexible short stay requirement, you will only be required to spend seven days on average in the country per year and you’ll be able to retain your residency.
Opportunity to become an EU Citizen
For New Zealanders, one of the most attractive aspects of the Golden Visa scheme is that after five years, you can apply for Portuguese citizenship, as long as you fulfill all the other requirements. With a Portuguese passport, you’ll have the freedom to live, work, reside, and travel, in any of the 27 EU member states.
The right To include your family
As previously mentioned, you’ll be able to include your family in your Golden Visa application. Along with your spouse and children, you can also include your parents.
Easy travel within Europe
If you are looking to move to Portugal, then it is very easy to travel to the rest of Europe. Lisbon, Porto, and Faro each have airports with international travel, where you can easily jump on a plane and explore a whole host of exciting cultures. Portugal is also a member of the EU’s Schengen Area, meaning you would have access to borderless travel to the other countries in the Schengen Area.
While Portugal boasts an excellent quality of life, the affordability of living in Portugal is sure to catch your eye. Living expenses in Portugal are much cheaper than in New Zealand. To give you some examples, here are some comparisons between the two capital cities.
- Consumer prices in Wellington are 57.7% higher than in Lisbon, not including rent
- Rent prices in Wellington are 40.73% higher than in Lisbon
- Restaurant prices in Wellington are 42.15% higher than in Lisbon
Data from Numbeo, updated July 2022.
Note that Lisbon has its own price range in Portugal. As the capital, prices here are more expensive in other parts of the country.
How to get a Portuguese Golden Visa
The Portugal Golden Visa program is for non-EU, non-EEA, and non-Swiss citizens. Those from New Zealand are eligible to apply for the scheme, as long as you have a clean criminal record and are at least 18 years of age.
For the Golden Visa requirements, you will need to make a qualifying investment in Portugal. There are many different options open to you – one of the advantages of the program – that include investment in scientific research, a fund investment, and job creation.
Investment types for Portugal Golden Visa
As previously mentioned, there are an array of investment options. The minimum investment amount is €250,000, which is the donation pathway.
In brief, here are the investment options available for the Portugal Golden Visa:
- Fund Subscription: Make a contribution to a qualified investment fund worth at least €500,000
- Investment or donation in the arts or reconstruction of national heritage with a donation of at least €250,000
- Scientific Research: Science or Technology research contribution of at least €500,000
- Creation of ten jobs: Creation and maintenance of ten jobs during the required period
- Share capital and job creation: Incorporation of a company or reinforcement of a company’s share capital, in either case with an investment of €500,000, combined with the creation of five or maintaining ten jobs (5 of them permanent)
Important notice: The Portugal Golden Visa changes 2023
Interior and low-density residential real estate
Note that important changes to the Golden Visa rolled out on 1 January 2022. This includes changes to the residential real estate pathway. It is no longer possible to invest in residential real estate in hotspot areas of the country, ruling out Lisbon, Porto, and much of the Algarve. Only interior areas are eligible for the residential pathway of the scheme, but, note that for commercial property, there are no location restrictions. The reason for this change was to diversity the investment portfolio and provide development to other areas of the country.
Despite the change, there remain some excellent properties in the interior areas of Portugal, many of which fall in the “low-density” category, where a 20% discount will apply. Some of the areas that have high-growth potential are the Douro Valley, Aljezur, and Peneda Gerês.
You can read more about the interior areas here.
Can I get Portuguese citizenship through the Golden Visa program as a New Zealand citizen?
With the Portugal Golden Visa for New Zealanders, you can have both Portuguese citizenship and New Zealand citizenship. Both countries allow for dual nationality, so you will not have to renounce your New Zealand citizenship if you decide to apply to become a Portuguese citizen.
Obtaining an investor visa will allow you to gain a residence permit for Portugal, and after five years be eligible for citizenship and therefore permanent residency in Portugal.
You will be able to apply for Portuguese citizenship after five years of holding your Golden Visa and keeping your investment. During these five years, you will need to spend a minimum of seven days in Portugal in the first year, then no less than 14 days for each subsequent two-year period. This short-stay requirement is excellent for New Zealand nationals who are not ready to leave the beauty of their homeland just yet.
One further requirement for Portuguese citizenship is that you will need to pass a basic Portuguese language exam. You can find out more about this language test here.
Global Citizen Solutions: How we can help you
Global Citizen Solutions is a boutique residency and citizenship by investment consultancy, focused on finding the right investment, citizenship, or residency program for individuals across the world. We work solely on behalf of our clients throughout the process for an easy and hassle-free journey to your desired route.
The Portugal Golden Visa for New Zealanders is an excellent option to secure EU residency. Get in touch today to see how we can understand your objectives and help you move towards becoming a global citizen.
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Frequently asked questions about the Portugal Golden Visa for New Zealanders:
What is the Portugal Golden Visa?
The Portugal Golden Visa provides investors with residence permits in Portugal, provided they make a qualifying investment in the country. The Portugal Golden Visa for New Zealanders is a good option for them to secure EU residency, with the possibility of citizenship after five years.
Can I get Portuguese citizenship through Golden Visa program as a New Zealand citizen?
Yes, absolutely. Both Portugal and New Zealand allow for dual citizenship, meaning that you will not have to renounce your citizenship to become a Portuguese citizen.
What does the Portugal Golden Visa cost?
The minimum qualifying investment for the Portugal Golden Visa is €250,000, which is the donation pathway.
What are the Portugal golden visa new rules?
New rules for the Portugal Golden Visa came into play on 1 January 2022. Under this:
- The minimum investment threshold to qualify for residency increased.
- The investment fund amount option is now €500,000.
- The capital transfer amount is now €1.5 million
- New residential real estate investments must be made in interior areas of the country, ruling out hotspot locations, including Lisbon, Porto, and much of the Algarve.
Other Golden Visa investment routes remain available.
You can find out more about the Portugal Golden Visa changes, and see a map of what areas are now available for investment, here.