The Golden Visa-Residence permit for non-EU investors
The Portugal Golden VISA is attractive for investors who would like to enjoy the quality of life, great weather and safety that Portugal has to offer but also take advantage of being part of the European Union without being obligated to reside permanently in Portugal. The Golden Residence Permit has been in effect since October 2012. Portugal is a very attractive option for non-EU citizens, who also wish to provide families with a wonderful opportunity in education and lifestyle!
Recent legislative changes are sure to attract significant attention from foreign investors interested in obtaining a golden visa for Portugal. The new regulations known as the Golden Residence Permit Programme are designed to bring greater foreign investment into the country by offering in exchange a quicker and simpler way for investors to receive temporary residency (golden visa).
The legislation means that it is now possible for a temporary residence permit (golden visa) to be granted without the need to first obtain a full residency visa for Portugal if the foreign national, personally or though a company, makes one of the following investments:
- Acquisition of any Property above € 500,000 or
- Transfer of capital above € 1,000,000, any type of business or company or do a bank deposit
for income or
- Creation of a minimum of 10 permanent jobs.
And those who invest can move freely throughout the Schengen area!
The Schengen area is a group of 26 European countries that have abolished passport and immigration controls at their common borders. With a resident permit from Portugal, the investor is entitled to enter and travel freely throughout all the countries of the Schengen area. The Schengen area includes the following countries: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.
Portugal is a friendly and safe country with a mild climate and endless possibilities!!!