Under the Golden Visa scheme, eligible applicants can obtain a residence permit by making specific investments in the country. The investment options include purchasing real estate property above a certain value, making capital investments, creating job opportunities, or contributing to scientific research. These investments aim to stimulate economic growth, create employment opportunities, and attract foreign investors to Portugal.
One of the key benefits of the Golden Visa program is the flexibility it offers. Participants are not required to reside permanently in Portugal but must spend a minimum of 7 days per year in the country during the initial five-year residency period. After five years, investors can apply for permanent residency or even Portuguese citizenship, subject to meeting certain requirements, such as language proficiency.
Portugal's Golden Visa program has gained significant popularity due to its various advantages. Residency permits provide visa-free travel within the Schengen Area, granting access to 26 European countries. It also enables investors to benefit from Portugal's excellent healthcare and education systems, vibrant culture, and high standard of living.
Moreover, the program allows family members, including spouses, children, and dependent parents, to also obtain residency rights. This makes it an appealing option for families seeking to relocate or secure a second home in Europe.
In recent years, Portugal has become one of the top destinations for Golden Visa applicants worldwide. Its attractive investment opportunities, affordable real estate market, favorable tax regime, and political stability make it an ideal choice for individuals looking to expand their global mobility options or establish a base in Europe.
It's important to note that immigration policies and regulations can change over time, so it's crucial to consult official sources or legal experts for the most up-to-date and accurate information regarding the Golden Visa program in Portugal.