The Portugal Golden Visa program
In this article we will talk about The Portugal Golden Visa program – Obtaining Golden residence permit for investment through buying a property. There are always questions about investing through buying property in Portugal, including whether it is possible to obtain a residence permit in Portugal by buying property or not? Do you need to be present in this country in order to get a residence permit? How much does it cost to invest in Portugal through purchasing a property? In this article we will answer all of these questions.
In the Comments section, you can also ask your questions and answer them in a short time.
Topics reviewed in this article:
The Portugal Golden Visa program and its General Conditions
One of the most convenient and affordable ways to get a residence permit in Portugal is the Portugal Golden Visa program (Getting a golden residence permit in Portugal through buying a property), because in this country you can get a residence permit by buying a property, and unlike other investment methods, you do not need to buy another place for your stay. To do this, first of all, it is necessary to know the country of Portugal, which is why we have introduced this country in this section.
Portugal officially the Portuguese Republic is a tropical country in southwestern Europe and Lisbon is its capital. It borders Spain and is one of the oldest countries in Europe. Portugal has a population of 10,291,027 and an area of 92,212 square kilometers. The currency of Portugal is the Euro and the official language of this country is Portuguese. In the following, we will take a look at the requirements for getting a Golden residence permit in Portugal.
The requirements for getting a golden residence permit in Portugal through buying a property
In order to apply for the Portugal Golden visa program, you are required to provide some documents. Once your application is approved, you are required to pay the required amount for this type of investment. After ten to twenty days, you will receive a one-year residence permit/card in Portugal, which can be extended for up to 5 years.
The required documents for getting Portuguese Golden Visa (ARI) through the purchase of a property are:
Getting Tax Identification Number used in Portugal (NIF)
Proof of sufficient financial means which is required for investment
Passport and identity documents of the applicant and his/her companions
Passport photos of the applicant and his/her companions
Paying taxes in Portugal
Prove that you have traveled to the Schengen area before
Visa payment receipt
General health insurance
Certificate of no criminal record from the country of origin which must be valid for at least one year
Prove that you will abide all of investment laws for 5 years
The Portugal Golden Visa program – Obtaining a Golden residence permit in Portugal by buying a property and Investment Standards in Portugal
When you want to invest in a country you must know about the market condition in that county and in order to do so you should take a look at the investment standards in the country.
Among the most important indicators are:
Who is eligible to apply for the Portugal Golden Visa program – Obtaining a Golden residence permit by buying a property
The Golden Residence Permit for investment (ARI) or Golden Visa program has been introduced by the Portuguese government since 2012, so that non-European citizens can apply for a 5-year residence permit in Portugal.
One of the most important advantages of this program is that you only need to be present in this country for 7 days in a year and it allows the holder to travel throughout the EU Schengen zone without any limitations. About 6,500 foreigners were able to invest and obtain a residence permit in Portugal through this program.
Total amount of investment made in Portugal through Portuguese Golden Visa (ARI) is estimated at 4,000,000,000 Euros, the largest amount of which belongs to the citizens of China, Brazil, South Africa, Turkey and Russia.
Applicants who want to get a Portuguese Golden visa through the purchase of property must meet the following conditions:
All non-European citizens who are above the age of legal majority, including natural and legal persons, must have the required capital to invest through the purchase of property in one of three available ways and they must be present in Portugal for at least 7 days in a year for the first period and for 14 days in a year for the Second period. In the next section, we will take a look at the process of obtaining a Portuguese Golden Visa through the purchase of a property.
Portugal Golden Visa program- Obtaining Golden Residence permit through the purchase of a property and its legal process
If the applicant is eligible for the Golden Visa Portugal and is interested in obtaining a residence permit in Portugal through this method, he/she must go through the legal process. The initial application is currently registered online, and applicants are required to upload some copies of their documents. After the application is registered by the Servico de Fronteiras e Estrangeiros SEF, an invitation for an interview will be sent to the applicant.
This interview will take place in the area where the investment will take place. Of course, recently you are allowed to be interviewed in the area which was chosen by the customer. This has helped to reduce waiting times, especially in areas such as Lisbon and Faro.
The application for the Portugal Golden Visa program – Obtaining a Golden Residence in Portugal is usually completed and submitted by the applicant’s lawyer, and this process can take up to 6 months. If you apply for it individually and without the help of a reputable lawyer, your application is likely to fail and you may lose your capital and therefore it is not recommended. If the applicant wants to take their family members with him/her, their application will be sent at the same time.
The costs of Portugal Golden Visa program – Obtaining a Golden Residence permit by purchasing a property
It is possible to invest in Portugal through the Portugal Golden Visa program by purchasing a property in three ways and for three amounts including an investment of 280 thousand euros, an investment of 350 thousand euros and an investment of 500 thousand euros.
The Portugal Golden Visa program and a Real Estate Lawyer
Undoubtedly, the most important thing when it comes to the Portugal Golden Visa program- obtaining a golden residence permit in Portugal by buying a property is knowing about all of its aspects in order to avoid mistakes and additional costs. Having a real estate lawyer, in addition to speeding up the process of obtaining a Golden Visa in Portugal, can save you from paying extra money and save you some time and will increase your chances of obtaining a golden residence permit by buying a property. Therefore, paying a small fee to a real estate lawyer in order to ensure the success of your case in obtaining the Portuguese Golden Visa is better than risking and wasting all of your capital. One of the benefits of having a lawyer is investing with an open mind. Because not only you have to invest in a property that you don’t lose your capital, but you must also make an acceptable amount of profit, and a real estate lawyer can choose a suitable property for you.
You must be careful not to give all or a large part of your capital to individuals and institutions without knowing them properly, and prior to taking any action in this regard make sure that you take a look at the successful cases of that person or institution in the field of Golden Visa Portugal, this way you will know whether they are reliable or not. Also, even if you succeed in obtaining a Golden Visa in Portugal you may face a lot of problems because you might have bought a property with problems or debts, which will cause you a lot of trouble. Therefore, in order to apply for the Portugal Golden Visa program (Obtaining a Golden Residence permit in Portugal by purchasing a property) you are required to consult with a expert and a real estate lawyer.
Services provided by the Malekpour Law Firm in this regard
As mentioned earlier, the Portugal Golden Visa program – Obtaining a Golden Residence in Portugal by Buying a Property is a sensitive process and you need to have a reputable lawyer in order to speed up this process and this way save you some extra money and time.
The Malekpour Law Firm (MIE Austria) with more than 15 years of experience in buying properties and in other immigration methods is ready to help the applicants for the Portugal Golden Visa program – Obtaining Golden Residence in Portugal by purchasing a property.
This legal institute provides up-to-date information and services and is an affordable option for you. Therefore, if you need to get a lawyer for obtaining a residence permit in Portugal by purchasing a property, contact the Malekpour Law Firm and ask your questions from our experts for free.
Golden Visa Portugal – Obtaining Golden Residence in Portugal through Property Purchase and Legal Advice
To get a residence permit in Portugal and live in this country, you must be aware of its advantages. These advantages include the requirement for being present in this country (stay requirements), the number of companions and the education of children and etc. Therefore, in the following we will mention some of the benefits of the Portuguese Golden Visa program (ARI) – obtaining a golden residence permit in Portugal through the purchase of a property.
Advantages
Golden Visa Portugal – Obtaining Golden Residence in Portugal by Buying a Property and Concluding Remarks
In this article we took a look at the Portugal Golden Visa program – Obtaining a Golden Residence permit through the purchase of property from all angles. Buying a property in Portugal and obtaining a Portuguese Golden Visa was one of the most popular subjects for you dear ones, therefore, we tried to explain the necessary points and answer your questions regarding the Portugal Golden Visa program – Obtaining a Golden Residence in Portugal by buying a property. We reiterate that prior to taking any action in this regard, since the process of investment and buying a property is a sensitive process, you should consult legal consultants and real estate lawyers.
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