Q & A

 

Portugal Golden Residence Permit

Q
What is the Portugal Golden Visa Program?

A

Officially called ARI (Autorizacao de Residencia para Actividade de Investimento), the Portugal Golden Visa Programis the Portugal Residency by Investment Program under which a Portugal Residence Permit is granted to a non-EU/EEA/Switzerland citizen (and his/her eligible family members) who wishes to immigrate to Portugal by Investment.


Q
What are the investments that qualify under the Portugal Golden Visa Program?

A

Investments that qualify under this program can be broadly classified into the following categories:

  • Investments in “Financial Assets”
  • Investments in Real Estate
  • Investments in cultural or research activities
  • Establishing a company which creates a specified number of jobs for Portuguese citizens


Q
Which is the most popular investment route to acquiring Portugal Residence Permit?

A

Investment in real estate, with 94% applicants choosing this route.


Q
For how long do I need to hold the investment?

A

Five (5) years


Q
Are there any residency requirements?

A

Very minimal. 7 days in the first year & 14 days in subsequent two year periods.


Q
Can I live, work, travel or study anywhere in Portugal?

A

Yes


Q
Can I establish a business in Portugal?

A

Yes


Q
Can I travel visa-free within the EU and Schengen area?

A

Yes


Q
Which family members are eligible to apply for the Portugal Residence Permit along with the main applicant?

A

The following family members are eligible to apply in the same application or can also apply at a later date:

  • Spouse or partner
  • Children under 18 years of age
  • Children over 18 years of age & under 26, who are unmarried & enrolled as full-time students
  • Dependent parents of either spouse
  • Under 18 years old siblings of either spouse if legally under their supervision


Q
Do I need to renew my Portugal Golden Residence Permit?

A

Yes. The Portugal Golden Residence Permit is initially valid for a period of one year and can be renewed indefinitely for subsequent periods of two years provided the investment is not disposed of.


Q
What kind of property can I invest in?

A

You can invest in any type of property – residential, commercial, industrial, or agricultural land, in any number of properties and anywhere in Portugal.


Q
Do I have to make the investment before or after my Golden Visa application is filed?

A

Before the Golden Visa application is filed.


Q
Are there any age, education, business background or language proficiency requirements to be met?

A

No


Q
Can I rent out or lease out the real estate I buy?

A

Yes


Q
Can I apply for Portugal Permanent Residence?

A

Yes. One may apply for Portugal Permanent Residence after 5 years from the date of receiving the Portugal Residence Permit.


Q
Can I apply for Portugal Citizenship?

A

Yes. After 6 years from the date of receiving the Portugal Residence Permit.


Q
Do I need to know Portuguese to acquire Portugal Permanent Residence or Portugal Citizenship?

A

Yes. However, you need to know only beginners level Portuguese.


Q
Does Portugal allow Dual Citizenship?

A

Yes


Q
How many countries can I travel visa-free upon acquiring citizenship?

A

164 countries


Q
How can MigrateSmart® help me?

A

Our partnerships with leading & highly reputed law firms in all countries that we operate in, or provide services for, enables us to provide end-to-end solutions & services to our clients. We can take care of every aspect of your migration process & ensure you derive maximum benefit from our expert knowledge & advice.