Since 9 October 2012 Foreign citizens wishing to enter and reside in Portugal have been able to do so under a Golden Visa/Golden Residence Permit rule. It is a fast track for foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal (“Golden Visa”).
Third country citizens attempting residency under the same laws were subject to vague regulations. As of October 2012, the acquisition of an immoveable Portugal asset entitles those individuals to a residency title.
Three well-defined relevant investment methods will grant legalization to foreign citizens from origin countries that are not European Union members:
1. Produce an investment operation with an operating period of at least five years and a minimum acquisition amount of € 500,000.
2. Transfer at least 1 million euro to Portugal.
3. Incorporate a company with at least 30 new job positions.
The Ministry of Internal Affairs and Ministry of Foreign Affairs are in charge of regulating the above options. Any concerns, questions or matters of compliance will be resolved by a joint decision of those two ministries.
Since the scheme began in 2012, the Portuguese government has issued over 800 Golden Visas. Here at PortugalProperty.com we have overseen a very large proportion of those visas, helping our clients gain Golden Visas every day of the year, which we are very proud of. We are Portugal's leading Golden Visa real estate agency.
Here at Portugal Property we will guide any client through the buying process and lead them towards getting a Portuguese Residency.