A “Golden Visa” is a type of visa from Portugal. This type of resident visa is called “golden” because it is more desirable than others and gives you a path to becoming a citizen. Most people with residence permits in Portugal are expected to live there for at least 183 days each year. If you have a golden visa, you only need to go to Portugal for seven days instead of 90 days yearly.
The Backstory Of the Program
Since 2012, the Portugal Golden Visa Program has become one of the most sought-after ways to live globally. Over 11,000 investors joined the project over a decade, and as a result, they and their families were given over 18,000 visas.
Possibilities for Obtaining a Golden Visa to Portugal by Investing
Investing in Portugal requires the acquisition of a NIF Number and the creation of a Portuguese bank account. The next stage is to decide on an investment plan.
- A €500,000 Real Estate Investment Fund Investing in Portugal
- Property rehabilitation in low-density locations costs €350,000 (real estate costs €400,000, and improvements cost €280,000).
- 1,500,000 Euros Finances Ten New Jobs Made in Portugal Change Hands
- A €500,000 investment resulted in increased company shares and the creation of 5 new roles.
- A Gift of €250,000 to Culture, Art, and History
- Allocating €500,000 to Advance Science and Technology Research and Development.
The Most Common Choice Is To Put €500,000 Into Real Estate
Most investors like this method better than any other. Pretty much any property in Portugal will do. But keep in mind that after January 1, 2022, no homes in Lisbon, Porto, or the coastal cities on the mainland will be eligible. If you want to go to any of these places, you might be able to get a Portugal Golden Visa if you invest in commercial property.
€500,000 Into A Portuguese Fund With A High-Risk, High-Reward Option
This choice is becoming more popular in 2019 because it is easy to start and doesn’t cost much to keep going. If you want to get a Golden Visa, your investment fund must meet specific requirements.
A few dozen funds on the market now meet the criteria. Some people like real estate, but others might prefer stocks, businesses, new projects, or commodities. CMVM controls each, but each has a different investing method.
€350,000 For House Renovations
In Portugal, people who want to fix up a building at least 30 years old can do so with a lower minimum investment. It’s important to know that buying the house and fixing it up will cost a minimum of €350,000.
€1.5 Million Transfer Of Capital
This is the most straightforward way to qualify for the Golden Visa. You can get your money back by sending €1.5 million to Portugal. This is the best way to save time and energy because you won’t have to deal with getting and managing a real estate property, figuring out which fund will give you the best return on investment, and so on.
Creating Ten Jobs
This is the most cost-effective choice because you don’t have to make a small investment. To use this option, you must start a business, run it for at least five years (until you become a citizen or permanent resident) and hire at least ten people. Each of the ten opportunities must be for a new full-time job.
€250,000 To Arts, Culture, And The National Heritage
At the moment, this programming option seems to be pretty vague. To be eligible, you have to give €250,000 to Portugal’s arts, national heritage, or culture. So far, we don’t know enough about the situation in which this gift would be appropriate to see if it’s a good idea or not. Get Golden Visa has professionals who can talk to you for free anytime.
€500,000 Into Research On Cutting-Edge Technology
You can get a Golden Visa by investing 500,000 euros in scientific or technical research at a government-approved Portuguese national institution. But the edges of this road are so unclear that almost no one takes it.
Conclusion
If convenience is your primary objective, you should choose the option to transfer one million euros. To address the demand for new personnel in your sector, you may either start a new firm or invest in an existing one.
If you’re a culture vulture who wants to see more art, another alternative is to make a donation to Arts & Culture. The Golden Visa will be there for you no matter which road you choose.