PORTUGAL

28/04/1402  —  0 Comments

PORTUGAL

WHY CHOOSE PORTUGAL?

Portugal offers a diverse culture, Mediterranean climate, and a safe and stable environment, making it an excellent place for families, businesses, and travel. The Golden Resident Permit Program provides numerous advantages for investors, including:

  1. Residence Visa Waiver: Investors receive a residence visa waiver to enter Portugal.
  2. Live and Work: Investors can live and work in Portugal.
  3. Visa-Free Travel: The residency permit allows for visa-free travel within the Schengen member states.
  4. Path to Citizenship: After five years as a temporary resident, investors can apply for permanent residency or citizenship in Portugal.
  5. Inclusion of Family: Family members, such as spouse, dependent children, and parents, can also be included in the application.

Qualifications:

To be eligible for the Golden Resident Permit Program, non-EU investors need to fulfill one of the investment options below and meet the following requirements:

  1. Prove the origin of investment funds from abroad.
  2. Have no criminal record.
  3. The main applicant's property must not be frozen within the EU boundaries.
  4. Pay applicable application and processing fees.
  5. Enter Portugal for the first time with a valid Schengen visa.
  6. Meet the minimum stay requirements (seven days for the first year and 14 days for subsequent two-year periods).

Investment Options:

  1. Property Investment: Investors can choose from various property investment options:

    • Purchase property valued at €500,000 or more.
    • Purchase property valued at €350,000 or more if it's over 30 years old or in urban regeneration areas for refurbishing.
    • Purchase property fitting the above requirements with a 20% reduction on the minimum investment if located in low-density population areas (€400,000 or €280,000).

  2. Capital Investment: Investors have several capital investment options:

    • Invest a minimum of €350,000 in research activities.
    • Invest a minimum of €250,000 in the arts or the reconstruction/refurbishment of national heritage projects.
    • Invest a minimum of €500,000 in shares of investment funds or venture capital.
    • Create 10 or more jobs.

Nila Group offers handpicked prestigious projects that meet clients' expectations for property investment. These projects provide various benefits, including guaranteed annual rental return, flexible exit strategies, funds return guarantee after obtaining permanent residency or citizenship, and 7 days of accommodation per year. Some examples of projects include Sé Catedral Hotel, Caldas de Canavezes Luxury Hotel and Spa, and Cascais.

Portugal's Golden Resident Permit Program, offered through the Ministry of Foreign Affairs and the Portuguese Trade and Investment Agency, aims to attract foreign direct investment and provide residency permits to non-EU investors contributing to the country's economy.