Portugal simplifies the conditions for obtaining a "Golden Visa"

May 25, 2021
Portugal simplifies the conditions for obtaining a "Golden Visa"
The program, which allows foreign investors to obtain a "Golden Visa" in Portugal, aims to attract capital from abroad to improve the economic situation in the country.

The program, which allows foreign investors to obtain a "Golden Visa" in Portugal, aims to attract capital from abroad to improve the economic situation in the country. During the pandemic this opportunity became especially relevant, as the tourism sector, which previously brought about 13% of GDP, was severely affected. To further increase foreign investment to compensate for such losses, the country's authorities have proposed simplified conditions for obtaining a residence permit for real estate buyers and entrepreneurs from other countries.

What investment options are available?

To obtain a "Golden Visa" today, several types of investments are allowed:

  • purchase of residential or commercial real estate;
  • investment in renovation and World Heritage sites;
  • acquisition of securities of state-owned companies;
  • opening a business in the country, providing jobs for local citizens;
  • registration of a deposit in the bank.

Each of the segments has its own minimum investment amount, as well as the period during which the capital must operate or remain in Portugal. If all the conditions are met the foreign investor receives an official residence permit, and after 5 years he can apply for citizenship. At the same time, you will not have to give up your first passport.

It should also be noted that a mandatory criterion for participation in the program is the ability to provide data on the source of income. This measure is used to eliminate the likelihood of money laundering from abroad. The information is checked by an authorized body, and the investor is obliged to enter all information about his income into a special system. The preliminary check usually takes up to 3 days.

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Alexandra Meyer
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Alexandra Meyer
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