Foreign citizens from non-EU countries who want to immigrate to Portugal by buying a golden visa need to complete various procedures. Among these, they should make sure they comply with all the requirements of the residency by investment scheme, which is one of the most important, they must prove the legitimacy of the funds they are willing to invest and submit accurate information.
For all the requirements presented above, but also for other procedures that will help foreign investors move to Portugal, our immigration lawyer can be a good ally for obtaining permanent residency by investment in this country.
Below, we invite you to discover the main immigration services we provide for those seeking to buy a golden visa in Portugal. Our immigration lawyer in Lisbon is at your service if you want to move to this beautiful city.
Requirements for immigration by investment in Portugal
Foreign investors who want to immigrate to Portugal by applying for a golden visa program must first get acquainted with the requirements of the program. These are:
- immigration by property acquisition – the value of the property to be bought 500,000 euros or above;
- property purchase with a value of 350,000 euros is also possible if the real estate is located in an underdeveloped region;
- capital investment of at least 350,000 euros is also available in research and development activities;
- another capital investment option in arts, reconstruction or renovation of national heritage monuments is also available;
- purchase of government-approved shares in venture capital or investment shares worth at least 500,000 euros is another option.
Apart from these, the golden visa applicant is required to create at least 10 jobs in order to support the Portuguese economy.
When seeking to relocate to this country, our immigration lawyer in Lisbon will first provide you with detailed information about the investment option under the golden visa program.
If you are interested in obtaining citizenship by investment in another European country, our golden visa specialists are at your service.
You can read about the immigration services provided by our lawyers in Portugal in the infographic below:
Property purchase with the help of our immigration lawyer in Lisbon
The Portuguese government offers several options to those who are interested in immigration by investment and choosing the suitable one can be difficult because of the other conditions imposed under the program. This is where our immigration lawyers in Portugal can help, as they can offer valuable pointers on how to approach all options and choose the one that suits the investor’s needs. We can also advise on other golden passports.
For example, if you are interested in applying for an investor visa by purchasing a property, you should know that the minimum amount required for buying real estate under the Golden Visa Scheme is 500,000 euros. The applicant can purchase one or more properties for this price and our immigration lawyers in Portugal can advise on how the real estate can be chosen.
There is also the option of investing a lower amount of money (350,000 euros), however, in this case, the property must meet various requirements. Among these, one should know that that the real estate must qualify for renovation and must be approved by the Foreigners and Borders Service (SEF).
If you decide to buy a property in the capital city of Portugal, our immigration lawyer in Lisbon can offer step-by-step assistance.
Another important aspect to consider is that the future property owner must know how to distinguish among the types of real estate he or she can purchase under the Golden Visa Scheme. One can purchase vacation homes, apartments located in various cities in the country, and renovation projects.
If you are attracted by the idea of owning a property in Portugal, our immigration lawyers can guide you through the process of buying it under this program.
Capital investment as a way on immigrating to Portugal
Another option available under the Golden Visa Program in Portugal is capital investment. In this case, the golden visa applicant can choose between:
- transferring 1 million euros in a bank account in Portugal;
- investing at least 350,000 euros in research and development activities;
- investing at least 250,000 euros in artistic production and/or cultural heritage restoration and preservation projects;
- transferring at least 350,000 euros in venture capital funds;
- investing at least 350,000 euros in a new or existing company with the headquarter in Portugal.
Non-EU investors can choose any of these options and our immigration lawyer in Lisbon can explain all other conditions associated with them. For example, one must know that the business owner will need to create and maintain at least 10 new full-time jobs. However, when the investment targets a new or existing company located in the country, the new owner must create 5 new jobs that need to be maintained for at least 3 years.
The assistance of immigration lawyers in Portugal is essential in fully understanding all the underlying conditions when entering a program like the Golden Visa. Apart from the minor changes that can be brought to it periodically, our lawyers can also advise on how to choose the option that requires less bureaucracy under golden passports.
Services provided by our immigration lawyers in Portugal
Obtaining a golden visa in Portugal is one of the quickest routes to European citizenship, however, the investor must pay attention to many aspects. For the process to go as smoothly as possible and for them to relocate to Portugal as soon as possible, our immigration lawyer can provide the following services:
- tailored assistance in choosing the appropriate investment option;
- guidance in preparing the documents to be filed with the immigration authorities;
- legal advice on how to pass the verifications of the Portuguese authorities;
- reliable information on how to choose a property that meets the investment requirements of the program in terms of value and location;
- assistance in setting up a bank account in which the amount of money used to enter the program will be deposited;
- help in putting together the documents required to prove the legitimacy of the investment funds.
You can rely on our immigration lawyer in Lisbon for information about all investment options, among which you will be able to choose the most suitable for you. We remind foreign investors that depending on the investment they decide on, the documents to be prepared are slightly different. These must be submitted with the Immigration and Borders Service in Portugal. Our lawyers can file the paperwork online on your behalf for entering golden visa countries.
Document preparation services provided by our immigration lawyers in Portugal
Foreign citizens who want to buy a golden visa in Portugal can rely on our immigration lawyer for the preparation of the documents. These include a clean criminal record, a valid passport with a Schengen visa (we can assist in obtaining the Schengen visa), and proof of paying the application and processing fees.
Then, we can make the arrangements for the funds to be deposited in a Portuguese bank account and proof of their foreign and legitimate origin. Our immigration lawyer in Lisbon emphasizes that the funds can come from business profits, inheritance, or employment income as long as they are well documented.
We can also provide advice on other golden visa countries.
Assistance in immigrating to Portugal with family members
One of the greatest advantages of the golden visa scheme in Portugal is that the applicant can relocate with family members. One of our immigration services for investors in Portugal refers to providing legal help in bringing the family here based on the residence visa.
Do not hesitate to ask for support in moving to other citizenship by investment countries.
Requirements after obtaining a golden visa in Portugal
Compared to other European countries, Portugal does not impose strict conditions after obtaining the golden visa. According to our immigration lawyers in Portugal, successful applicants are required to spend at least 7 days in the country in the first year after obtaining the visa, then 14 days in the following 2 years. Also, the investment must be maintained for a minimum period of 5 years. The investment can be made as an individual or through a business.
It should be noted that the government has made several changes to the Golden Visa program. These are likely to be imposed starting with the second half of 2020, which is why we recommend you get in touch with our immigration lawyer in Lisbon for updated information.
Why move to Lisbon?
Apart from being the capital of Portugal, Lisbon offers plenty of business opportunities to foreign investors. This is also available for citizens who move here based on golden visas. With the help of our immigration lawyer in Lisbon, the transition will be easier, as tailored assistance can be provided. Apart from this, it is quite easy to find properties for purchase that qualify for the requirements of the residence by investment program.
Those who move to Lisbon under the Golden Visa Program will have plenty of benefits, among which tax advantages, the possibility of immigrating with their families, and free travel to other EU and Schengen countries.
Portugal is one of the most appealing European citizenship by investment countries. It also offers one of the cheapest residency by investment options on the Old Continent, so if you need help in relocating here, do not hesitate to contact our immigration lawyer in Lisbon and get started right away!