GOLDEN VISA
2016-09-02_221215 2016-09-02_221252 2016-09-02_221330 2016-09-02_221401 2016-09-02_221445 2016-09-02_221556 2016-09-02_221639 2016-09-02_221853 2016-09-02_221923 2016-09-02_222012 2016-09-02_222038 2016-09-02_222104 2016-09-02_222215 2016-09-02_222248 2016-09-02_222624 2016-09-02_222653 2016-09-02_222731 2016-09-02_222805 2016-09-02_222936 2016-09-02_223022 2016-09-02_223153 2016-09-02_223506 2016-09-02_223544 2016-09-02_223626 2016-09-02_223656 2016-09-02_223737 2016-09-02_223836 2016-09-02_223926 2016-09-02_224240 2016-09-02_224341 2016-09-02_224425 2016-09-02_224526 2016-09-02_224616 2016-09-02_224644 2016-09-02_2248142016-09-02_221707 2016-09-02_221738 2016-09-02_221819 2016-09-02_222422 2016-09-02_222509 2016-09-02_222544 2016-09-02_223231 2016-09-02_223314 2016-09-02_223411 2016-09-02_224003 2016-09-02_224033 2016-09-02_224123 2016-09-02_224916 2016-09-02_224954 2016-09-02_2251012016-09-02_231628 2016-09-02_231753 2016-09-02_231841 2016-09-02_231903 2016-09-02_232024 2016-09-02_232107 2016-09-02_232251 2016-09-02_2325262016-09-02_232602 2016-09-02_232704 2016-09-02_232745 2016-09-02_232943 2016-09-02_233059 2016-09-02_233300 2016-09-02_233706 2016-09-02_234424   Condition: For the record, a letter of interest is required by the owner, accompanied by a bank letter confirming the evidence of funds and the financial ability of the buyer to make this type of investment.  

COMMISSION DETAILS

Availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission by the seller as stipulated by Portuguese regulations.

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PORTUGAL GOLDEN VISA

 

PORTUGUESE GOLDEN RESIDENCE PERMIT

 

The current Golden Visa Programme places Portugal as the most competitive country in the awarding of residency permits for investment purposes when compared with countries offering similar programs.

What is it?

The Golden Visa Programme, launched by the Portuguese Authorities in October 2012, is a fast track way for foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal.

 

What are the main advantages of the Golden Visa Programme?

 

- No need to obtain a visa to enter Portugal

- Enter and travel freely in Europe (Schengen Area)

- Live and work in Portugal, even with residency in a different country

- Residency extended to family members

- Extremely low minimum stay periods

- Permanent Residency after 5 years

- Citizenship after 6 years

- Favourable tax treatment for maximum period of 10 years

What is the Schengen Area?

The Schengen Area is a group of 26 European countries that have abolished passport and immigration controls at their common borders. They include 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, and Switzerland.

How long is the Golden Visa valid?

Once issued, the Golden Visa will be valid for 5 years but it is necessary to renew it after the first and third year.

Who may apply?

Non-EU citizens involved in an investment activity in national territory, either individually or through a company. It also covers shareholders of companies already set up in Portugal, or in another EU State, with a stable residence in Portugal and with tax obligations fulfilled.

What type of investment activity is necessary?

I) Capital investment: transfer of funds in the minimum amount of €1,000,000 - this may include direct investment into any company in Portugal.

II) Job creation: minimum of 10 work positions.

III) Real estate investment: acquisition of real estate in the minimum amount of €500,000.

What are the general requirements the investor has to comply with?

- Only investments effectively made after 8th October 2012 are eligible

- Investment must be maintained for a minimum period of 5 years

- Funds for investment should come from abroad

- Absence of references in the Portuguese Immigration and the Schengen services

- Absence of conviction of relevant crime

- Entry in Portugal with a valid Schengen visa

- Residency application made within a maximum of 90 days after entry in Portugal

- Minimum stay in Portugal: 7 days during the first year and 14 days during each subsequent period of two years

What are the specific requirements for real estate investment?

- Acquisition of one or multiple real estate assets with a total value equal to or above €500,000

- Signature of a Promissory Contract of Purchase and Sale with a deposit payment of €500,000 also entitles the investor to apply

- Joint acquisition of properties is also possible provided that each co-owner invests €500,000 or more

- Properties acquired free from any charges or mortgages

- All property types qualify (commercial and housing)

- Freedom to use, rent or lease

- Acquisition completed before the application for residency permit

How long will the application and renewal take to be processed?

If the application is complete, this will be validated in a maximum of 72 hours.

What rights does a resident of Portugal have?

A person authorized to live in Portugal has the right to education, health care, the justice system and maintain professional activity.

What is the process regarding family reunification?

The family reunification is quite straightforward and simple and it applies directly to spouse, children and dependent family members. It can be requested at the same time or after the application for the Golden Visa.

What are the costs involved in obtaining a Golden Visa?

 

 

 

 

 

 

 

 

 

 

Please note that while we have taken every effort for the above to be accurate many parts of this information can change by law or be out of our hands. We cannot be responsible for these changes and ask that up to date specialist advice always be sought in each case.

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