Portugal Residency

 

Why Portugal?

GOVERNMENT

• The sovereign bodies are the President of the Republic, the Assembly of the Republic, the Government, and the Courts.

• In the Portuguese constitutional system, the President of the Republic is elected by direct and universal suffrage in a secret ballot, and his mandate is five years.

 

CULTURE & SPORTS

• Portuguese art was enriched by various foreign influences during the centuries.

• The climate is characterized by mild winters and balmy summers. The rainiest months are November and December, while the period with the least precipitation occurs between April and September

• Popular music and dance and the traditional fado continue to be fundamental forms of musical expression of the country.

 

About Portugal Residency By Investment Program

The Portuguese Golden Visa Citizenship program was launched in October 2012 in accordance with the Ministry of Foreign Affairs through the Department of Consular Affairs and the Portuguese Trade and Investment Agency (AICEP).

The Portugal golden visa program is a five-year residency by investment program designed for non-EU nationals. The residency permit grants applicant’s the right to live, work and study in Portugal, as well as unrestricted movement within the Schengen area of Europe. Furthermore, this dual passport investment program only requires an average of seven days of stay in Portugal per year throughout this time period, which can be used to qualify for citizenship after five years.

To be able to apply for this program, you should be at least 18 years of age, in good health and have no criminal background. As this is a Portugal residency program, applicants are required to stay in Portugal for 7 days per year during the first 5 years. In addition, you will need to either make a purchase in the real estate, transfer capital or create a job opening in Portugal.

 

Benefits of Portugal GOLDEN VISA

• Full Residence Status including the right to live and work in Portugal

• With a Portugal second passport, citizens Enjoy Visa-Free Travel to over 175 countries and territories including the United States of America, the European Union, Singapore, and Hong Kong

• Democratic Government offering stability

• Right to Live and Work in many other EU countries

• Excellent Airlift to and from all major countries worldwide

• Minimal Residency Requirements and you are required to visit Portugal for 7 days per year

 

Application Process

The application process takes 3-6 months from the time the application is submitted to the government for residency. CCS has created a Streamlined and Interactive Process (SIP) that is incredibly successful and simple to follow for clients. It enables CCS to provide clients with guidance, assistance, and counsel throughout the process.

Eligibility and Dependents

The Principal Applicant must be at least 18 years of age to be eligible to apply for the Portugal golden visa passport program and should hold no criminal record. They must meet the application requirements and make the required investment under the chosen Option. He or she may include any one or all of the following dependents in his or her application:

• Main applicant’s spouse

• Children under the age of 18 years

• Other children between the ages of 18 – 30 years who are financially dependent on the Principal Applicant

• Parents and grandparents of the Principal Applicant or his or her spouse who are over 66 years of age and who are financially dependent on the Principal Applicant

• Unmarried sibling of the main applicant or their spouse, under 18 years of age

 

Required Documents

Applicants are required to submit completed Government application forms together with supporting documents which are based on the particulars of both the Principal Applicant and his or her dependents. Contact Us today for a personalized list of required documents for you and your family.

 

Ineligibility

A person who falls into any one of the following categories will be deemed ineligible for residency of Portugal:

• Is not medically admissible or a risk to public health

• Has provided false information when submitting their application; misrepresentation

• Is an EU Citizen

• Has, at any time, been convicted of an offence other than select minor offences

• Has previously been banned from entry into Portugal or a Portuguese territory following a removal order

 

Investment Options And Fees

The Portuguese Golden Visa Programme was created in accordance with the Ministry of Foreign Affairs through the Department of Consular Affairs and the Portuguese Trade and Investment Agency (AICEP).

To be able to apply for this program, you should be at least 18 years of age, in good health, and without a criminal record. As this is a residency program, you are required to visit Portugal for 7 days per year in the first 5 years. In addition, you are required to make a purchase of the real estate, make a capital transfer, or create job openings in Portugal.

Option 1: Real Estate Investment in a Government Approved Project

Acquisition of a government approved real estate investment property qualifies the investor for residency, and must be held for a minimum of 5 years, after which it may be resold. Properties must meet a minimum price threshold that varies based on the age and location of the property- properties in areas of low population density and over 30 years old requiring renovation are subject to reductions of the investment minimum.

• The standard investment of €500,000 is adjusted by 20% to €400,000 if the property falls into an area with low population density.

• Property over 30 years old and subject to refurbishment, requires an investment of €350,000 . If this property falls into an area with low population density, the investment value is adjusted to € 280,000 .

Option 2: Capital Transfer & Investment

• Minimum of €1,000,000 placed into a Portuguese bank account of specifically approved investment options

• €350,000 towards scientific and technological research activities via public or private entities

• €250,000 towards support of restoration and preservation of national heritage and towards artistic endeavors

• €350,000 investment in qualifying national investment funds regulated by the Portuguese Securities Market Commission with a pre-set maturation period

Option 3: Business Investmentt

• Invest 350,000 for the purposes of increasing the share capital of a company registered in Portugal. 5 permanent jobs should be created and maintained for a minimum period of three years

• Creation of 10 new jobss