Portugal Golden Visa Residence Scheme

 


Can I do investment in Portugal and receive permanent residency?

 

Yes you can. Not only permanent residency but citizenship. At the moment it has the cheapest option to buy citizenship in Europe. It is called the Golden Visa.

 

If you are citizen of country like India, China, Japan, Indonesia, Australia, South Africa, Mexico, Canada, Russia, Singapore or from Middle east  etc., this Golden Visa Scheme works best for them considering the cost it involves ! Further to this you can apply for Non Habitual Residency and have your foreign sourced income tax free for 10 years. Capital Gains will not be exempt. Local income will be taxed at a flat rate of 23%.

 

Portugal Golden Visa Program grants permanent residency permit through investment. The applicant may choose from various investment options. The most commonly preferred one is the real estate option. Investors can purchase a real estate property for a minimum of €500.000 or choose to invest in a property (which is older than 30 years old) for a minimum of €350.000 on the condition to renovate. The Portugal Golden Visa Residence Cards are issued in 3–6 months and Portugal requires only 7 days per year of residence in the country to maintain the permanent residency permit.

 

 

Below are the complete details of Portugal Golden Visa .

 

 

DETAILS INSIDE:

 

1) Golden Visa Residence Permit

 

2) Benefits

 

3) Investment Options

 

4) Processing of Application

 

5) Requirements of Minimum Residency & Permit Renewal

 

6) Citizenship & Permanent Residency

 

7) Required documentation for application process

 

8) Contact details

 

9) Countries & Destinations we serve

 

9) Disclaimer

 

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Residence &  Golden Visa Program - Portugal

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This Program provides for Globally qualified persons & their family  in terms of financial requirements of impeccable standing & repute to obtain residency. So that they can live, work & study in Portugal. Once residence permit is obtained, under this scheme the qualified individual and their family members covered under the scheme can access throughout the Schengen zone visa free & even got the provisions to get permanent residency or citizenship after 5 years.

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Benefits:

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Qualified applicants of the Golden Visa Residence Permit get the following benefits & much more than it:

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  • Huge Investment Options.

  • Can travel VISA free throughout  Schengen area

  • Residency can be obtained within 3 to y months

  • Minimum stay requirements is just 7 days a year

  • Provisions to get permanent residency or citizenship after 5 years

  • Tax exemption for overseas income if resident period is less than 183 days

  • Non-Habitual Residency Scheme will open up with significant tax incentives for those who wish to become permanent residents

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Investment Options:

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Following are the requirements to qualify for Residence & Visa Program

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  • Invest in real estate property not less than €500,000 in Portugal.

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  • Invest not less than €350,000 into the purchase of qualifying newly renovated real estate

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  • Invest not less than €350,000 into the units of a qualifying Portuguese regulated investments or venture capital fund.

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  • Transfer of minimum €1 million into Portuguese’s qualifying instruments like Deposits in Bank, sovereign bonds, tradable securities etc.,

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  • Invest in a single shareholder limited liability company producing minimum 10 permanent jobs in Portugal

 

  • Invest minimum €350,000 in a Portuguese company producing not less than 5 permanent jobs for a period of three years

 

  • Investment of not less than €350,000 into research activities of scientific research institutions.

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  • Investment of not less than €250,000 in promoting the arts or restoration & maintenance of national cultural heritage

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Processing of Application

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We are a group of dedicated professionals ensuring clients with proper advice, all kinds of support during the application process. With our extensive network of offices and professional service partners we have been able to work closely with our clients in every step of the application process, making sure that our clients successfully qualifies, done with process & finally obtain  Golden Visa  Residence Permit.

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Following are the application process to establish tax residency in Portugal :

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  • Consultation with a Sovereign residency & Citizenship adviser to check appropriate programme & investment options available

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  • Sovereign advisor then prepare a comprehensive offer and client engagement letter with complete details of the benefits, mandatory requirements & investment options applicable to the Golden Visa Residence Permit

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  • Sovereign is appointed as power of Attorney. So that Sovereign will help in identifying appropriate qualifying investment, open local bank account & help in getting tax identification number. Applicants need to be in Portugal during these stages of process. So it is good to stay for minimum three to four working days to accomplish with all these.

  • Sovereign is appointed as power of Attorney, So Sovereign assist the applicants prepare and submit Golden Residence permit application. Then after obtaining appointment with Immigration & Borders Service(SEF) the applicant need to submit their biometrics before Immigration & Borders Service. It takes not less than 4 to 12 weeks for SEF appointments.

  • On submission of all the required documentation, biometrics with SEF and on thorough verification if authorities found everything is in order the application will be approved in 3 to 6 months from the date of application made to obtain Golden Visa Residence Permit

  • On approval residency permit card are issued within the time frame of 2 to 8 weeks.

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Requirements of Minimum Residency & Permit Renewal

 

After approval of the application, Portuguese residency card is issued with a validity for 1 year. To maintain residency status that card should be renewed at the end of the year, so this time a 2 year residency card will be issued. Below table explains the details of the current position of minimum stay and permit renewal requirements.






Citizenship & Permanent Residency

 

After maintenance of legal residency for 5 years an individual and/or family members can apply for either Portuguese Citizenship Or Permanent residency. Upon approval of either option, investors can sell and recuperate their initial investment.

 

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Contact details & Countries we serve from

 

ravi.sampige@gmail.com

 

India, Bahamas, Bahrain, China- Beijing, Shanghai, Cyprus, Gibraltar, UK-Londan, UAE-Abu Dhabi, Dubai, Turks & Caicos Islands, Mauritius, Malta, Isle of Man, Hong Kong, Guernsey.



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