What are the Investment Options for Portugal Golden Visa?
Portugal, the westernmost country on European continent and an EU member since 1986, is situated on the Atlantic coast. Portugal is considered among the developed nations of the world and it even has a very high Human Development Index.
Though a relatively small country, it is regarded extremely safe because of the low crime rate. Its healthcare system is well-developed and offers both public and private options.
Portuguese is the widely spoken language but English is also widely used, particularly among younger people and in tourist regions. The country is a Schengen member and uses the Euro as its official currency.
Though Portugal’s economy is leaning towards commercial services, manufacturing still contributes approximately one-third of the country’s GDP. It is also the world’s largest cork provider and benefits from a thriving tourism sector.
Because it has few indigenous hydro-carbon energy resources, Portugal is committed to developing renewable energy sources like hydro, wind, and solar electricity. Moreover 40% of Portugal’s energy production comes from these sources, including the most efficient wind tower in the entire world.
And to give the economy of the nation a further boost, the government launched the Portugal residency by investment program, famous as Portugal Golden Visa.
Since its launch, Portugal Golden visa has been bagging attention of the investors from every corner of the globe.
Principal Benefits of Residency in Portugal
– It is a quick procedure and only calls for one first appointment
– Travel within the Schengen region without a visa
– Minimal needs for physical presence. Five years of residency is required for citizenship
– Top-notch international and Portuguese institutions of higher learning
– An enticing business and private system. Hospitals and clinics offering high-quality international medical services
Investment Options in Portugal
Portuguese residence permit via investment for non-EU nationals provides an opportunity to obtain residence status, and contributes towards eligibility for a citizenship application after six years as a resident.
Residence in Portugal is granted by making investments into Portugal in one of the following forms:
- Purchase of approved real estate, minimum investment needed is EUR€500,000
- Make a capital investment of at least EUR€1.5million to a Portuguese bank account or flexible investment
- The creation of at least 10 jobs in Portugal as part of the Golden Visa Permit Program
- The transfer of funds of at least EUR€350,000 to be applied to research activities carried out by entities which are part of the national scientific and technological system
- The transfer of funds of at least EUR€250,000 to be applied in investment or support for artistic production, or the recovery or maintenance of national cultural heritage
- The transfer of funds of at least EUR€500,000 for the acquisition of units in investment or venture capital funds for the capitalization of small and medium size companies.
- The purchase of a property for the minimum amount of EUR€350,000 for the purpose of refurbishing it, for properties that were constructed more than 30 years ago or are located in areas of urban regeneration. Also, EUR€280,000 for properties of same standing, but in low density areas. The EUR€350,000 / EUR€280,000 threshold includes not only the property’s price but also the investment in the refurbishment works. Finance option is available for investment in property.
There are minimum residency requirements in order to qualify for the renewal of the Golden Visa. However, these are very modest: seven days during the first year of residence in order to be entitled to the first renewal, and 14 days over the two consecutives two-year periods.
If you are interested in getting a Portugal golden visa, our team at AAA Associates can help you with the program detail and also guide you through the process.
For details, just speak to one of our experts at +971 4 512 4444 or visit www.aaa-international.com
