Golden

 

On October 9th 2012, Portugal government passed a law enabling non-European citizens to invest in Portugal and gain residence permit, which is known as ‘Golden Visa’.

Under this policy, investors can acquire a residence permit in two months after application, and after 5 years, investors may acquire a permanent residence permit (after 6 years for Portuguese visa). It is a rare and perfect opportunity for non-EU investors to invest in and move to Portugal, even Europe.

 

FREE

 

- Travel and study freely in Europe;
- Able to work and run business in Portugal;
- Welfare benefits for all family members in Portugal;
- Minimum stay: 7 days per year;
- After 5 years, entitled to Portuguese Permanent Residence;
- After 6 years, entitled to Portuguese citizenship. 

REAL

 

- Low price: Portugal is more than 10 times cheaper than the UK;
- Freehold ownership;
- Tax efficiency when transfer to next generation;
- Buy for renting (Annual return of 5% to 7%);
- Undervalued luxury vacation house with sea views or golf ground;
- Invest in commercial property (winery, hotel and restaurant). 

 

WHO

 

Non European citizens involved in an investment activity, either individually or through a company conducting, at least, one of the following operations in Portugal for a minimum period of 5 years:
I) Capital transfer with a value equal to or above 1 million Euros;
II) Creation of, at least, 10 job positions;
III) Acquisition of real estate with a value equal to or above 500,000 Euros.

 

 

Golden Visa Apply Process

-  Application for a tourist visa for Portugal

-  Join our property tour and pick your dream properties

-  Meet with our partner lawyer and sign a consignment agreement, helping to purchase properties and apply for the golden visa

-  Provide related documents

-  Passport or another valid travelling document

-  Proof of legal entry and permanence in national territory

-  Proof of health insurance

-  No criminal record certificate

-  A declaration proving the absence of debts

-  Prepare the interview for golden visa

-  Get the golden residence permit within two months

 

 

 

Golden

Chinese:Golden_VISA_CHN         English:Golden_VISA_EN

 

GOLDEN RESIDENCE PERMIT PROGRAMME
The new regulations are designed to offer a Five Year Residency Permit (Golden visa) for non EU Citizens. The residency permit allows free travel in SCHENGEN countries as well as being able to work or study in Portugal. Additionally, there is the opportunity for a European Passport or permanent residency in the 6th year when simple conditions are met.

The new simple legislation means that it is now possible for a residence permit to be granted without the need to first obtain a full residency visa for Portugal, if the foreign national makes one of the following investments:

Types of qualifying investments (Investments maintained for a minimum of 5 years)
– Property Investments – Acquisition of Properties above € 500,000 in total.
– Capital Investments – Transfer of Funds above € 1,000,000.
– Job Creation – Creation of a minimum of 10 jobs.

Portuguese Residency For Property Investments (Golden Visa) – Legal Information
– Acquisition of Properties above € 500,000.
– Purchased after 8th October 2012.
– Acquisition completed before the application for residency permit.
– Properties acquired free from any charges or mortgages.
– Minimum stays in Portugal – 7 days first year & 14 days following periods of 2 years.
– Residency Application made within a maximum of 90 days after entry in Portugal.
– Residency Permit granted for an initial period of 1 year & renewed for periods of 2 years.
– Possibility of permanent residency after year 5 and nationality one year later

Bearers of Investor Residency Permits may travel freely in the Schengen area.

Portuguese Residency For Property Investments (Golden Visa) – Additional Information
- Possibility of co-ownership with each co-owner making an investment of a minimum of € 500,000;
- Promissory Contracts of Purchase and Sale are now acceptable for the initial investor residency
application, provided that a deposit of a minimum of € 500,000 is paid. In this event, the actual
purchase of the property needs to be effected until the time of the first renewal of the residency
permit.
- Possibility of financing to purchase the property above the € 500,000 investment;
- It has been clarified that the properties acquired can be freely rented and let for commercial,
agricultural and tourism purposes;

Portuguese Residency For Property Investments (Golden Visa) – Documents & requirements
– Valid Passport and Schengen Visa.
– Valid travel document and medical insurance.
– Updated property documents showing ownership of property.
– Proof of means of income and proof of address.
– Accommodation.
– Absence of criminal conviction and of interdiction to enter the country.
– Absence of notice from the Portuguese Immigration Authorities or Schengen Services.
– Declaration from the investor confirming compliance with the investment requirements.

Portuguese Residency For Property Investments (Golden Visa) – Typical Application costs paid to the Immigration and Borders Services
– Initial application – € 513.75
– Issue of Investor Residency Permit – € 5,135.50
– Renewal of Investor Residency Permit – € 2,568.75
– Issue of Portuguese Residency Permit for Family Members – € 5,135.50
– Renewal of Portuguese Residency Permit for Family Members – € 2,568.75

At CCPI are happy to recommend professionals who can provide a comprehensive service for any foreign investor wishing to purchase property and apply for the golden visa for Portugal.

Source: http://www.ccpi.pt/