The Golden Visa Portugal is the gateway to fulfilling the dreams of many investors, who see this program as an opportunity to live in Europe and invest abroad.
And for Americans this is no different, especially when it comes to being able to include the whole family in the residence permit agreements and subsequent Portuguese citizenship.
Check out this practical guide, which provides clear information on the Golden Visa, the documents required, who can apply, which family members are entitled, costs and step-by-step instructions.
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What is the Golden Visa Portugal Program?
The Portugal Golden Visa is a residence permit for Portuguese lands, which requires investment in the country as the main requirement.
Although it allows you to live, study and work in Portugal, you don’t have to stay in the country for just 7 days in the first year and 14 days in the following years. Thus, the applicant and his or her family can invest, live in America, and still have the residence time to obtain Portuguese citizenship counted. After 5 years, dual citizenship can be applied for.
What becomes essential is that the investment is maintained for at least 5 years.
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What are the types of investments for the Portugal Golden Visa?
Investors can choose from several investment options to qualify for the Portugal Gold Visa, each with its own minimum requirements:
Art Support or Reconstruction:
Minimum investment of €250,000 in preserving cultural heritage or supporting the arts.
Investment in scientific research:
Contribution of €500,000 or more in research activities in recognized public or private institutions.
Venture Capital Funds:
Investment of €500,000 in venture capital funds that commit to investing in Portuguese companies.
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Who can apply for the Golden Visa?
The program allows foreigners from outside the European Union, plus Switzerland, to apply.
In addition to the investments listed above, there are a number of documents that require proof of investment, no criminal record and health insurance. We’ll look at these documents in more detail later.
When it comes to investor profile, there are a few examples:
Individuals with High Financial Capacity: Those who can invest the minimum amounts required in the Golden Visa Portugal.
Entrepreneurs: Those looking to expand their business to Europe.
Retirees: Who wish to take advantage of the high quality of life in Portugal.
Liberal Professionals and Executives: Who value international mobility.
Real Estate Investors: Interested in investing in permitted sectors such as tourism and services.
Sustainability advocates: Looking to invest in funds or projects with a positive social impact.
Step by step to obtain a Golden Visa Portugal
Checking Requirements:
Make sure you meet all the necessary requirements, including the value of the investment and no criminal record.
Choice of Investment:
Decide which type of investment best fits your objectives.
Making the Investment:
Execute the chosen investment and obtain the supporting documentation.
Collecting Documentation:
Gather all the necessary documents, such as passports, proof of investment, criminal record certificates, etc.
Application Submission:
Submit your application to AIMA, along with the applicable documentation and fees.
Visa Approval and Issuance:
After analysis and approval, you will receive your residence permit.
Renewing your Gold Visa Portugal:
Renew your residence permit according to the established deadlines.
Application for Permanent Residence or Citizenship:
After five years of legal residence, you can apply for permanent residence or Portuguese citizenship.
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What documents do I need for the Golden Visa Portugal?
To apply for the Golden Visa, you will need the following documents:
- Valid passport
- Proof of your investment
- Criminal record certificate
- Proof of health insurance
- Declaration of Honor
- Completed ARI form
- Identification documents for dependents
- Proof of payment of service fees
- Declaration of Authorization to Consult the Portuguese Criminal Record by AIMA
It is important to know that the Portuguese government may suggest new documents, especially when other family members are involved.
What are the costs and fees for the Golden Visa Portugal in 2024?
Analysis Fee: Approximately €773.74 per main applicant and per family member.
Processing Fee: Approximately €7,730.11 per person.
Renewal Fees: Approximately €3,865.79 per person.
How long does it take to get a Golden Visa?
The entire process can take between 6 and 9 months, depending on how quickly documents are collected and AIMA’S workload.
Can the family also apply for the Portugal Golden Visa?
Yes, the family can accompany the holder of the Portugal Golden Visa through the family reunification process, which gives family members the same rights of residence.
The program is very inclusive and allows several family members to benefit, ensuring an easier and more comfortable transition for everyone.
Golden Visa Portugal for the whole family
Who can be included?
Spouse or common-law partner: The spouse or common-law partner of the visa holder is entitled to accompany the investor, provided that the relationship is duly proven with appropriate documentation.
Underage children or dependents under the guardianship of the couple or one of the partners: All children of the couple or one of the partners who are under the age of 18 or considered dependents can be included in the Portugal Gold Visa process.
Children under the age of 26 who are single and students: Children under the age of 26 who are still studying and are financially dependent on the visa holder are also eligible for family reunification.
Parents of the Gold Visa holder or their spouse/partner: Parents over 66 can be included, or those over 55 who are financially dependent on the visa holder. This inclusion is valid for both the investor’s parents and the parents of the spouse or partner.
Underage siblings, provided they are under the guardianship of the couple or one of the partners: Underage siblings who are legally under the guardianship of the visa holder or his/her partner can also be included in the family reunification process.
Benefits of the Golden Visa Program
Right to Portuguese citizenship: After 5 years of investment, dual citizenship can be requested.
Living in Portugal: With the right to work, study and do business in the country.
Free movement within the Schengen Area: Facilitates travel and business in Europe.
Quality Education and Health: Access to the education and health system.
Security: Portugal is one of the safest countries in the world.
Favorable Tax Regime: Tax benefits through the NHR regime.
Inclusion of Family Members: Possibility of including family members in the application.
Diversified Investment Options: Various investment options.
Stability and Growth: Potential for long-term growth and appreciation.
Quality of Life: Excellent cuisine, beautiful landscapes and pleasant climate.
