Established in 2012, the country’s Golden Residence Permit Programme - often referred to as the ‘golden visa’ scheme - has made Portugal an attractive choice for property buyers looking to gain residency rights in Europe, including the freedom to travel within the Schengen countries (comprising 22 EU countries, in addition to Iceland, Norway, Switzerland and Liechtenstein) without an additional visa.
The golden visa scheme offers full Portuguese citizenship to qualifying investors in Portugal. To be eligible, the investment made must either involve the purchase of any type of real estate to the value of €500,000 or more (which can be on multiple properties, and can include those purchased with a view to rent), the capital transfer of at least €1million (to be invested in any type of company or business), or the creation of at least 10 permanent jobs.
Residence in Portugal via a golden visa gives holders access to a wide range of valuable benefits. Alongside the right to live in Portugal, as citizens NHRs also have the right to education, work, healthcare, and the country’s justice system. Golden visa holders may also apply for their family to be granted permanent residence, including spouses, children under the age of 18, and other family members over 18 who are financially dependent.
Take your first step towards securing a Portuguese golden visa by contact the Chestertons Portugal team today.