Portugal
Portugal offers attractive tax regimes and residence permits to people who wish to invest or simply to relocate permanently. Portugal has attractive tax policies for these who plan to live and work indefinitely, as well as attractive residence and employment permits for investors and others. Portugal ranked third among all countries worldwide with an economical health system, according to the World Health Organization, which had Portugal at number twelve with the world’s best accessibility. On average, the cost of living in Portugal is considerably less than in various other countries in Europe.
The Portuguese ARI – Authorization of Residency for Investment Activity, or Golden Visa, is a special residence permit for investment in Portugal, which can be issued to non-European Union or European Economic Area citizens and skilled immigrants and their immediate family members who are in satisfactory health, and willing to conduct a qualified investment in Portugal.
Any holders of the Portuguese Golden Visa can easily travel through the Schengen area and then apply for a residency and permanent citizenship.
Golden Visa Period and Fees
- The Golden Visa is a 2-year residence permit that is valid for 2 years and can be renewed again. The minimum stay in Portugal for each 2-year period is 14 consecutive or interpolated days.
- The applicant may apply for a Portuguese Permanent Residence Permit after a minimum period of 5 years, which requires basic knowledge of the Portuguese language, a Portuguese address, and a clean criminal record, or apply for Portuguese citizenship, with the same requirements as the former with an additional demonstration of existing connections and ties within the Portuguese Community.
Government Fees
- Analysis Fee (per person): €533.00 (payable at the moment of the application submission).
- Temporary Residence card (per person): €5,325.00 (payable once the application is approved).
Renewals
- Analysis Fee (per person): €533.00 for the investor and each family member (payable at the moment of the application submission).
- Temporary Residence card (per person): €2,663.00 (payable once the renewal application is approved) Residence Authorization for Investment Activity.
Investment Options
The applicants have the choice of investing in their personal name or through a sole shareholder company based in Portugal or another European Union member state.
- Capital Transfer
- € 1,500,000 minimum capital transfer into a Portuguese bank account or approved investments.
- € 500,000 for the acquisition of investment fund or venture capital fund units committed to the capitalization of companies incorporated under the Portuguese law, with a maturity of at least five years and with at least 60% of the investment portfolio in companies with a registered office in the national Property Acquisition territory.
- € 500,000 for research activities of public or private entities that are part of the national scientific and technological system.
- € 400,000 in a low population density area*.
- € 250,000 in support of artistic production or in the recovery or maintenance of national cultural heritage. €200,000 in a low population density area*.
- Property Acquisition
- € 500,000 minimum real estate purchase (residential property is limited to designated interior areas). € 400,000 in a low population density area*.
- € 350,000 minimum real estate purchase for the refurbishment of residential properties older than 30 years or in an area of urban regeneration, including the cost of renovations (residential property is limited to designated interior areas).
- € 280,000 in a low population density area*.
- Business
- Creation of a minimum of ten new jobs. 8 new jobs in a low population density area*.
- € 500,000 for the incorporation or increase of the share capital of a company that is registered in Portugal, creating or maintaining a minimum of five permanent jobs for a period of three years.
*A low population density area is defined as less than 100 inhabitants per km² or with a GDP per capita below 75% of the national average. population density area*.
Golden Visa Benefits:
- Visa-free travel within the Schengen Area.
- Eligible for significant tax reductions or exemptions, the applicant must live in Portugal.
- Right to live and work in Portugal, however with no obligation to move permanently to Portugal.
- Direct family members, such as spouse, minor children, children over 18 if studying and single (no age limit), and parents can also obtain residency.
- No worldwide taxation applies.
- Right to education, entitlement to academic degrees and qualifications, access to national health system, social security, trade union protection, access to Portuguese law and Portuguese judicial courts.
After 5 years, there are possibilities for permanent residency and citizenship, and the applicants and their family can live or work anywhere within the EU if desired.
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