Portugal

Residence permit, Visa, Citizenship

Residence permit, Visa, Citizenship

Types of investments under the "golden visa" program:

  • Investment of 500,000 euros in increasing the share capital of an existing Portuguese company that commits to creating 5 new jobs or maintaining 10 existing jobs for 3 years.
  • Establishing your own company with a requirement to create a minimum of 10 new jobs and maintain them for at least five years.
  • Investments of 250,000 euros in artistic production or support for the arts.
  • Investments of 500,000 euros in scientific research in Portugal.

After five years of holding a Golden Visa, the investor and their family have the right to apply for permanent residency or citizenship.

There is no requirement to live in Portugal continuously, with only 14 days of presence in the country per year to maintain the Golden Visa status.

Advantages of the "golden visa" in Portugal:

  • No need to apply for a visa within the Schengen Agreement countries.
  • Tax benefits: Investors in Portugal can obtain a special Non-Habitual Resident status for 10 years, allowing them to avoid paying income tax in other countries and reducing the income tax rate in Portugal to 20%. Without the NHR status, the income tax rate can reach 48%.
  • Portuguese citizenship after five years. After five years of holding a Golden Visa, the investor and their family can apply for permanent residency or citizenship.
  • Portuguese citizenship allows for living in any European Union country and enables visa-free travel to 187 countries worldwide, including the USA, Canada, Australia, and the UK.
  • Moving to Portugal: Investors have the right to come to the country at any time and stay without specific time constraints. Continuous residency in Portugal is not mandatory for the investor.

Who can obtain a Golden Visa in Portugal?

  • Investors who have legally earned funds for investment outside of Portugal. Requirements: over 18 years of age, no criminal record, no outstanding debts in Portugal, and possession of medical insurance.
  • Spouse or partner of the investor.
  • Parents of the investor or the investor's spouse who are financially dependent and have not reached the age of 65.
  • Children under 18 years of age.
  • Children over 18 years of age who are financially dependent on the investor, live with the investor, or are studying at a university.

List of documents for applying for a "golden visa"

  • Proof of investment
  • Passport or another valid identification document
  • Certificate of no criminal record issued in the country of origin and in countries where the investor has resided for the last 5 years, with an apostille (valid for 3 months from the date of issue)
  • Tax identification number in the country where the investor is a tax resident (notarized copy with an apostille)
  • Tax identification number in Portugal

Investors with a "golden visa" in Portugal have the following opportunities:

- The opportunity to apply for Portuguese citizenship, complying with the legal requirements and conditions of the country.

- The right to visa-free travel in the Schengen Zone.

- The ability to engage in legal employment or run a business in Portugal.

- The right to apply for Temporary Residency for the entire family (Golden Visa).

- Mandatory state health insurance.

- Access to education for themselves and their family members in public and private educational institutions.

List of documents for opening a bank account in Portugal for non-residents:

- Foreign passport.

- NIF (Taxpayer Identification Number) in Portugal.

- Address in the country of residence (TSJ certificate, utility bills not older than 6 months, valid lease contract with payment confirmation not older than 6 months).

- TIN (Tax Identification Number) in the country of residence.

- For employees: Work certificate specifying position and salary, with date, signature, and stamp.

 

- For self-employed individuals: Declaration of the start of activities, not older than 6 months, or receipts of funds into the business account not older than 6 months.

- For retirees: Declaration of pension income for the year or pension receipts/ statements not older than 6 months.

- Two previous year's tax returns (2 NDFL) or proof of the source of funds (bank statements or certificates).

Catalogue

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