Portugal

Summary

About Portugal

About

Portugal’s mild climate, rich culture, exceptional cuisine and exquisite scenery have encouraged many high-net-worth individuals to make this wonderful Iberian nation their second home. It boasts several potentially lucrative avenues for investment, with opportunities rife in manufacturing, tourism, and green energy.

Location

Portugal is a southern European country on the Iberian Peninsula, bordering Spain. Its location on the Atlantic Ocean has influenced many aspects of its culture, the Algarve’s beaches are a major destination and much of the nation’s architecture dates to the 1500s–1800s, when Portugal had a powerful maritime empire.

Known as the Golden Residence Permit Programme, Portugal’s Residence by Investment Programme has been operating since October 2012. It is the ideal solution for non-European citizens seeking the freedom to live and work in Portugal and travel across the Schengen Area.

The Programme is open to investors and certain family members and can be obtained even while maintaining an alternative residence elsewhere. The residence authorisation can be renewed for an initial period of two years and then for consecutive five-year periods, provided the minimum residency requirements have been fulfilled.

General Requirements:

To be able to apply for this programme, you should:

  • Be at least 18 years of age
  • Good character
  • Be in good health
  • Valid Schengen Visa
  • Be in good standing with the Portuguese Tax and Customs Authority and Social Security.
  • Travel requirement to supply biometrics
  • Residence requirement of seven days within the first year and 14 days every subsequent two years
  • Interview requirement
  • No language requirement for residence

All third country citizens are eligible to apply, however, EU and EEE nationals are not eligible for the Programme.

Which family members can I include in my application for economic citizenship?

After receipt of a residence permit, the main applicant may apply for residence permits for the following family members:

  • Spouse
  • Children, biological or adopted, of the main applicant or of the spouse, if under the age of 18, disabled and dependent upon the main applicant or spouse.
  • Children, biological or adopted, of the main applicant or of the spouse aged 18 or over, unmarried, enrolled in an educational establishment, and dependent on the main applicant or spouse.
  • Dependent parents of the main applicant or of the spouse
  • Siblings of the main applicant in his or her care according to a decision delivered by the competent authority of the Member States and recognised by Portuguese law

Benefits:

  • The right to live, work, study, and undertake business in Portugal
  • Exceptional levels of safety and security, excellent education opportunities, and high quality healthcare
  • Can be renewed for an initial two-year period, then for consecutive five-year periods
  • Eligibility for citizenship after 6 years of residence
  • Family reunification 
  • Global mobility

Investment Options

There are five investment options an applicant can choose from to apply for residency under the Portugal Residency by Investment Programme:

  •  €500,000 investment in investment funds or venture capital funds of Portuguese companies.
  • €500,000 investment in research activities of public or private entities that are part of the national scientific and technological system.
  • €250,000 investment in support of artistic production or recovery of maintenance of national cultural heritage.
  • Create a minimum of ten new jobs.
  • €500,000 investment in a Portuguese company, creating or maintaining at least five permanent jobs for three years.

Additionally, the following fees apply:

  • Residency Permit Issue Fees
  • Initial Application Fees

Permit Renewal Fees also apply for applicants who wish to renew their permit:

  • Permit Renewal Fees
  • Permit Renewal Application Fees

Portuguese Passport 

The Portuguese Residency by Investment Programme is solely for residency, however upon fulfilment of certain requirements, individuals may be eligible for citizenship after five years of legal residence in Portugal.

After residing in Portugal for five years, applicants can apply for citizenship via naturalisation. Requirements for naturalisation include being at least 18 years of age, basic knowledge of the Portuguese language, can demonstrate successful integration, and have not been convicted for a crime that corresponds to a penalty to or more than three years according to Portuguese law.

If successful, naturalised citizens can apply for a Portuguese passport.

Book a Consultation

Book a free first consultation with one of our experts to discuss your individual requirements.