Portugal’s Golden Visa program has gained widespread popularity as one of the best residency-by-investment schemes in Europe. It offers non-EU citizens the opportunity to obtain Portuguese residency by making qualifying investments, with the added benefit of visa-free travel across the Schengen Zone.
Eligibility Requirements
To be eligible for the Golden Visa, applicants must make a minimum qualifying investment. Common investment options include purchasing real estate worth at least €500,000 or investing €350,000 in Portuguese research or arts. Applicants can also qualify by creating at least 10 jobs in Portugal or investing in venture capital funds.
Benefits of the Golden Visa
One of the main attractions of the Golden Visa is the freedom to live and work in Portugal while enjoying visa-free travel across the Schengen Zone. Additionally, the Golden Visa allows applicants to apply for permanent residency or Portuguese citizenship after five years, provided they meet the residency requirements. Family members, including spouses and dependent children, can also benefit from the program.
Application Process
The application process for the Golden Visa typically involves submitting the necessary documentation, including proof of investment, a valid passport, and proof of income. Applicants must also pass background checks and meet health and security requirements. The process takes approximately 6-8 months, after which the successful applicant can enjoy the full benefits of Portuguese residency.
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