Portugal Citizenship through Investment: Everything You Need to Know Before You Decide

Portugal Citizenship through Investment: Everything You Need to Know Before You Decide

Portugal Golden Visa Program’s inception dates back to October of 2012. The Portuguese government essentially introduced it to contribute to the country’s wealth. In Europe, the program acts as the pioneer of residency by investment programs. Countries with stagnant economies –especially with stagnant real estate markets- frequently resort to this option of introducing a residence or citizenship by investment program. These programs generally require the applicants to make a substantial investment in real estate.

 

Portugal Golden Visa scheme, however, employs many options for its prospective applicants around the world. For investors seeking different methods to choose from while applying for one of these schemes, Portugal Golden Visa Program has no shortage of options. The costs and returns on investment vary depending on the investment methods of choice.

How Much Does It Cost to Invest in Portugal for Citizenship?

Money Transfer

In this method, the investor transfers at least €1 million to Portugal. They might choose to follow these different routes:

  1. A bank deposit.
  2. The purchase of a shareholding in a Portuguese company or the incorporation of a single-member private limited company having a paid-up share capital of at least €1 million; the subject company is then free to invest the capital freely.
  3. The purchase of Portugal sovereign debt instruments.
  4. The purchase of Portugal traded securities.

Real Estate

The investors may choose to invest in Portuguese property of at least €500,000. They may choose to invest as an individual or as a joint legal entity. If the property is in a “low-density area,” the minimum requirement gets reduced to €400,000.

Real Estate and Rehabilitation

The investors may choose to invest in Portugal property that is in need of rehabilitation and restoration. In this case, the minimum requirement gets decreased to €350,000. The property either has to be built more than 30 years ago or has to be located in a designated area of urban rehabilitation. If the property is in a “low-density area,” the minimum requirement gets reduced to €280,000.

Business

Investors might prefer to create a business that creates ten new permanent jobs. The number gets decreased to 8 if the business in a “low-density area.”

Scientific Research

The investors may select the option to invest €350,000 in scientific research that is conducted by accredited institutions that are part of the national scientific and technological system. If the project is in a “low-density area,” the amount gets decreased to €280,000.

Cultural Contribution

The investors can also invest at least €250,000 in the artistic production or the recovery or maintenance of the national cultural heritage that is conducted by accredited institutions. If the contribution is made in a “low-density area,” the minimum requirement gets decreased to €200,000.

Portuguese Fund

The investors might choose to invest at least €500,000 in units of a Portuguese fund that invests in the share capital of small or medium-sized businesses.

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How long do you have to live in Portugal to become a citizen?

To be able to apply for Portuguese citizenship, one has to reside in the country for at least five years. If the application is through marriage, this period is reduced to three years.

How long does it take to obtain Portuguese citizenship through Portugal Golden Visa Program?

In 2018, the Portuguese government changed the Portuguese Nationality Law and reduced the required period of residency to 5 years from 6 years. Therefore, the residents that acquired the right to reside through Portugal Golden Visa can obtain citizenship after five years of residence.

Which countries can I travel to with a Portuguese passport?

Portuguese Golden Visa has significant travel advantages. An average European Union passport provides its holder with visa-free travel to at least 150 countries around the world. As a European Union country, Portugal certainly has its perks in terms of visa-free travel. Portugal residents can travel freely to all the EU countries and the Schengen Area.

Can I work in the UK with a Portuguese passport?

United Kingdom’s situation with the European Union is kind of blurry at the moment, but the Portuguese passport allows its holder to live, work, and study in any EU country.

Can I work in Canada and the USA with a Portuguese passport?

Portuguese passport grants visa-free travel to Canada, but to be able to work, passport holders go through a different application process. A trip to the USA needs a visa since Portugal citizenship does not grant that. Because these countries are not EU members, working in these countries requires separate permits.

Can I travel visa-freely to the USA and Canada with a Portuguese passport?

Portuguese passport grants his holder the right to freely travel to and from Canada, but not the USA.

Does Portugal allow dual citizenship?

Portugal allows dual citizenship, but if the applicant’s home country does not allow it, the applicant may have to renounce their citizenship of their own country.

How strong is Portuguese passport?

To start with, Portugal is a European Union country, meaning that holding a Portuguese passport grants its holder the right to live, study and work in the EU. The country is ranked 18th according to the Passport Index. In terms of visa-free travel, it is one of the strongest passports in the world.

After I obtain Portuguese citizenship, do I have to maintain the property or am I allowed to sell it and keep the citizenship?

Yes, after the Portuguese citizenship is granted, the owner is allowed to sell the property or hold it.

Can I include my children – later on?

Portugal Golden Visa allows entrance to the country without a visa. It grants the right to live and work in Portugal, and to bring the resident’s family into the country. If one person in the family holds a residence permit, Portugal’s Golden Visa program allows their family to also gain access to a permanent residence permit and Portuguese citizenship in accordance with the legal provisions. They may also enter the country without a residential visa.

Comments (14)

YOU SAID: HOW LONG DOES IT TAKE TO OBTAIN PORTUGUESE CITIZENSHIP THROUGH PORTUGAL GOLDEN VISA PROGRAM?
In 2018, the Portuguese government changed the Portuguese Nationality Law and reduced the required period of residency to 5 years from 6 years. Therefore, the residents that acquired the right to reside
through Portugal Golden Visa can obtain citizenship after five years of residence.
I WOULD LIKE TO ASK: PORTUGAL GOLDEN VISA DOES NOT REQUIRE PHYSICAL RESIDENCE IN PORTUGAL. THAT MEANS I CAN APPLY FOR CITIZENSHIP AFTER 5 YEARS OF GOLDEN VISA WITHOUT PHYSICAL RESIDENCE. PLEASE LET ME KNOW IF I UNDERSTAND RIGHT? THANK YOU SO MUCH.

Hi Nguyen, the Portuguese Golden Visa Program allows you to obtain citizenship within the program requirements. It means there is a stay requirement of 7 days on avg each year. It already confirmed by cases that you can obtain citizenship without physical residence in Portugal.

Before getting passport, with gooden visa do I have permission to work in Porugal and other EU countries also UK?
Another question, can I rent my property during first 5years of residency?

Hi Roofia, Portugal Golden Visa Program gives you the right to live and work only in Portugal before you obtain Portuguese citizenship. The program allows you to obtain a yield from your property, and you may rent it out on the day you acquire a property.

What regions in Portugal can I purchase real estate that qualifies for the $350,000 program? i couldnt find available regions online.someone help?

After I am granted and receive golden visa will I be able to travel to the United States with it?

with portuguese passport?yes.
with golden visa?no.
the portuguese passport allows you to travel to US under the visa waiver program which allows you to travel to US indirectly. but golden visa offers residency, not citizenship. you can only apply for citizenship after complating 5 years of golden visa programme.

Is 2020 still a good year to buy real estate in Portugal?

in just 2019 prices went 10%… i would doubt of anyone’s intention behind it saying no.Portuguese real estate market is still a booming one.

I dont know Portuguese real property market and I dont want to buy an overvalued property. I dont know either how to filter them or how to compare them. How to decide them?? Do this firm help about it if i apply for consultation?

this agency works with the database of Portugal’s real estate and offered rational choices for me, personnaly. Call them because it is important to define your requirements first, before jumping into market.

what if you overpay and get lowquality property in exchange of tons of money?

in the process is there any interview or something like that that requires me to come portugal? do i need to come??

no…no inverviews or anything. i only suggest you to go portugal to choose your property.
i dont suggest you to buy your property with just looking pictures from your mobile!!

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