Portugal is an open country when it comes to foreign investors, no matter if they are EU or non-EU citizens. While the first category of entrepreneurs has the advantage of moving here without applying for any visa, non-EU entrepreneurs can immigrate to Portugal through a specific Golden Visa program under which they can obtain residency.
If you are a non-EU citizen interested in obtaining residency by investment in Portugal, you can rely on our golden visa specialists for the conditions you must fulfill and assistance during the application procedure.
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Conditions to be elected for the Portuguese residency by investment scheme
Individuals who want to move and obtain Portuguese residency by investment must meet several conditions in order for their applications to be considered under the golden visa program. Among these, one must be a non-EU citizen and must have a clean criminal record. Recently, the Portuguese authorities have introduced a new condition and that is for the applicant to be at his or her first application for a Schengen visa. Once these requirements are met, the candidate can continue his or her candidacy and will need to submit proof of the legitimacy of the funds and their origin outside the EU.
For those who want to apply for golden passports in Portugal, our golden visa specialists can provide tailored immigration services.
Investment requirements for buying a golden visa in Portugal in 2023
Making a significant contribution to the Portuguese economy is one of the mandatory requirements for being accepted in the residency by investment program. Luckily, Portugal allows for several options under golden passports for those with various interests and these are:
- real estate investment which implies the purchase of a property with a certain value;
- capital investment under which the investor can purchase various financial-related assets;
- business investment which requires the investor to inject capital in a Portuguese company;
- investment in various cultural projects, such as arts or sports, which requires a rather low amount of money;
- research and development activities are also on the list of investment options for applicants.
If you need assistance in choosing the right option for applying for Portuguese residency by investment in 2023, our local consultants can explain the conditions available for each of them.
We can also assist investors interested in buying golden visas in other European countries.
What is the minimum amount of money for Portuguese residency by investment?
Luckily, Portugal has one of the lowest investment requirements when it comes to obtaining residency by investment which consists of at least 250,000 euros. This is the mandatory amount of money that corresponds to art-related or reconstruction of national heritage buildings.
The other amounts of money related to the investment options presented above are:
- between 350,000 and 500,000 euros for real estate property purchase;
- 350,000 euros for capital investment in the research and development sector;
- 500,000 euros for buying company or investment shares, or capital venture investment;
- 1,000,000 for passive investment under the form of a deposit in a Portuguese bank account.
The option should rely on the needs of the applicant when applying for Portuguese residency by investment, as this country does not require foreign citizens to live in the country in order to obtain it.
If you need assistance in applying for residency by investment in Portugal in 2023, do not hesitate to solicit the support of our agents.
Our services are available in various golden visa countries in Europe, but also outside it. Among these, we can help you apply for a golden visa in the USA.
Advantages of the Portuguese Golden Visa Program in 2023
There are many reasons to choose Portugal for residency by investment and among these, we should mention that the applicant is not required to actually live in this country in order to be issued a permanent residence permit. Moreover, he or she is only required to visit the country for several days a year. Similar requirements apply in other European golden visa countries.
As mentioned earlier, the Portuguese residency by investment program suffered a few modifications and one of the most important refers to the reduction of the waiting period for obtaining a golden visa/citizenship by investment. Under the new scheme, one can apply for a permanent residence permit with the Ministry for Foreign Affairs after 5 years.
Foreign citizens who want to apply for residency by investment in Portugal in 2023 can rely on the support of our agents who can help with the following:
- documents preparation,
- documents filing,
- assistance after relocation.
The Portuguese residency by investment scheme of 2023 is similar to those of citizenship by investment countries, however, the fact that it still maintains the possibility of acquiring real estate is one of its most important advantages.
If you want to buy a property in Portugal in 2023, the residency by investment scheme is one of the best options.
Wealthy overseas investors could obtain residency in Portugal under the Golden Visa program, also known as the Residence Permit for Investment (ARI), if they made a financial contribution. Investments made in Portugal through this program increased by a total of 41.9% in 2022. However, it must be noted that the program is set to end, or better said, people who want to submit their applications can do so without the guarantee to actually being issued resieency.
If you are interested in obtaining Portuguese residency or golden visa/citizenship by investment, our golden visa specialists can help you from the beginning to the end of the application procedure. Do not hesitate to contact us for complete information about the requirements in other citizenship by investment countries.