If you are a non-E.U. or E.E.A. citizen, have no criminal record, are willing to purchase health insurance and have the means to afford one of the investment routes with no encumbrance, then you are eligible!
Property Investmenthas traditionally comprised over 90 % of all Golden Visa investments. The full list of options is as follows:
The process is easy and transparent and provides for free movement within the Schengen Area and a clear path to European citizenship within 6 years. The visa is also cheaper than other European residency-by-investment schemes.
Remember The Golden Visa scheme is only available to non-E.U. or E.E.A. citizens who must do the following:
Under the Portugal Golden Visa Scheme you can bring your spouse, any children under the age of 18 or dependent children aged 18-26 if they are unmarried and in full-time education, as well as the parents of either spouse if they are aged over 66, or aged over 55 and dependent on the main applicant. You can also bring siblings under the age of 18 of either spouse, if they are your legal responsibility.
It is always good to be careful, particularly where companies make fast over promises.
A mixture of legal, property and immigration companies are taking advantage of Golden Visa applicants by offering investment options that both look great on paper and meet the investment requirements – however, these options, mainly property, are often priced way above market price to take advantage of foreign investors, and often the developments are not clear of horizontal planning. This means that after 1 year of the initial Golden Visa if the property is not fully legalized then the Golden Visa process is stopped at year 2. We at GVP Life Limited with our partner lawyer CCA only work with property partners who sell clear developments to our Golden Visa clients.
It’s not uncommon to see firms offering properties to Golden Visa applicants for the convenient sum of €500,000 when the property is in fact worth much less. At GVP Life Limited, we pride ourselves on helping you make investment decisions which are in your interests and based on our own experience in investing in Portugal where we see a solid investment with good rental and capital returns.
Yes, same sex couples in Portugal can apply for the Golden Visa, and have all the same rights as heterosexual couples. The children of same sex couples are also eligible for residenency as dependents as long as under 18 years of age. Same Sex Marriage is recognized in Portugal.
You need 3 months of original utility bills as proof of registered address to be able to open a Portuguese bank account, national I.D. cards. You need to provide all original birth and marriage certificates, secure a certificate of non criminal record from your place of permanent residence, have a valid passport of at least 2 years, get a valid health certificate from a recognized Doctor approved by the Portuguese Govt.
A full list of all the documents will be provided to you once you enrol with GVP Life Limited.
Note: If you lack any of the above then start applying for them asap or the Golden Visa process will be slowed down. For a Certificate of No Criminal record this can take a month to secure.
No it is undergoing a dynamic structural change, tourism is a mainstay but one key sector which has attracted major multinational investment is the new I.T. knowledge based economy especially in cities such as Lisbon and Porto. The Government invested heavily into education during the financial crisis and it is now paying dividends, for this reason the property rental markets are very healthy and capital growth.