Portugal has just updated its citizenship legislation. Now possible to be a Portuguese Citizen.
There are a vast property portfolio of qualifying investments,
including a unique selection of renovation options
which qualify for the reduced programme at €280,000.
A new law adopted by Portugal’s government has introduced the new program Portugal Golden Visa, which allows citizens of third countries to receive a residence permit in Portugal by investing in real estate for a minimum period of 5 years.
Unlike other such possibilities in Europe, Portugal is offering investors the ability to not only receive temporary residency, but by fulfilling the conditions of maintaining the investment and staying a minimum period of time in the country (To keep your status as a resident, you only need to stay in Portugal for 7 days in first year, 14 days in 2nd-5th each year) , investors can also claim permanent residency and Portuguese citizenship upon pass a language test, which can easily be done over a vacation or business trip.
In order to extend your temporary residency, you do not need to reside in Portugal. This allows you to rent out the property that you have purchased and gain additional income.
Investors can also claim permanent residency and Portuguese citizenship (to receive citizenship you must pass a language test)
Through a single investment package, investor residency in Portugal is available also to your family members, children under 18, and dependent adult children enrolled in higher education.
Only properties in the countryside will qualify for the residence permit of Portugal from 2021. Buy your real estate in Lisbon, Porto and Algarve in 2020, before the Portuguese Golden Visa Program changes.
The proposed changes:
The government will allow investors only to become residents under the Golden Visa Program's property options if the chosen real estates are not in Porto or Lisbon. (effective from January 1, 2021); Many settlements on the coast of the Atlantic Ocean and the Mediterranean Sea (for example the Algarve region) will also not qualify.(effective from January 1, 2021); With the new changes, foreigners who intend to acquire a residency permit through the acquisition of real estate will have to focus on the interior regions of the country, instead of the Litoral regions, where most of the investment is currently concentrated. Act fast and invest in the best parts of Portugal in exchange for an EU residence permit now:
The Portugal Golden Visa Program has many advantages: you and your family can become residents in the EU. You can move freely inside the Schengen zone. It is enough to spend seven days per year in Portugal to maintain your resident status. After five years you can apply for citizenship. Portugal is a beautiful EU Member State with a rich cultural and historical heritage and the third safest country in the world.
The Portuguese Golden Visa Program offers several investment options, as capital investment, funds, bank deposits, job creation, company registration, etc. However, the most popular choice is still to invest in real estate.
