Yes, it is important that you have a Portuguese translation of all of the relevant documentation for your Golden Visa application. .in-post-simple-cta a { The first being a price-taker, the latter clearly overcharging. Fees are subject to change, depending on given updated from the Portuguese government on the Golden Visa Program. 1. } Proof of having no previous criminal records. These can be SPVs and VC Funds that have investments in Portuguese companies. To do this properly, do your due diligence and choose someone within the country that can help you get this done. No fluff, straight to the point information. font-size: 20px; .in-post-simple-cta .schedule { text-transform: uppercase; Check with a specialist to verify your options. 5. Thanks! For a single applicant. Two passport-size pictures, which are in line with Portugal visa photo requirements. It differs between 5-20. justify-content: space-between; Be sure to ask your lawyer what these are likely to be. This test, called The CIPLE, checks to see if you have a basic understanding of the Portuguese language. An investment of 500,000 (280,000 or 350,000 reduced option) in real estate in Portugal will gain a golden visa residency permit for a family including dependent children. The visa renewal fee at the end of year 1 and year 3 is 2,637.20 for each visa holder, as well as a renewal fee in the other years of 527.60 (plus 82.30 for each dependent). If applicant has dependents younger than 18 years-old, they can be included free of charge. Golden Visa Portugal - The Ultimate guide UPDATED - (2021) Another advantage for many foreign investors is that you do not need to live in Portugal full-time. Portugal Golden Visa : The Definitive Guide 2023 If Portugal, being one of the oldest countries in Europe, is equipped with gorgeous architectural features as well. The Portuguese economy has fully recovered from the financial crisis and unemployment has been steadily decreasing over the past decade, with levels currently at their lowest for 15 years. Timeline Costs FAQs Plus much more! You must provide translations in either English or Portuguese by a certified translator. Renewal - Years 1 and year 3. .cta-link { Find Portugalist on Facebook | Twitter | Instagram However, please remember to be civil. As Portugals golden visa comes under fire and is likely to end, more and more people are looking at other visas such as the D7, digital nomad visa, and now, the HQA or highly qualified activity visa. Golden Visa applicants must maintain their investment over a period of 5 years if they wish to apply for citizenship. Before finalising your investment, you will need a Portuguese tax number and bank account. 9 Awesome Music Festivals in Portugal for Summer 2020, Portugal in July: Your Ultimate Guide to Summer Fun, SEF (Servio de Estrangeiros e Fronteiras). Best Citizenships (BC) The certificate has to be issued by the relevant authorities within the previous three months and translated into Portuguese. 7 Cheapest Golden Visas In Europe 2023: Full - Digital migr Yes, there are currently many firms offering Golden Visa services, and not all of them have the required experience and expertise to ensure that your application is successful. You can also purchase property in an urban regeneration area in Portugal for a minimum of EUR 350,000. China leads in terms of main nationalities of investors, followed by Brazil, Turkey, South Africa and Russia. Portugal offers some of the lowest costs of living in Western Europe without sacrificing the quality of life. Im a practical guy, I like practical people, so lets go. There are no residency requirements. It allows people from outside of the EU, European Economic Area (EEA) or Switzerland to obtain residency in Portugal for themselves and their family through making an investment in the country. float: right; Portugal Golden Visa Costs. Individual employment contracts between the employer and the employees. Today, the basic ideia is the same. 2. Because of this, the D7 and golden visa are best-suited to those that genuinely want to live in Portugal for the majority of the year whereas other visas like the HQA and golden visa are aimed at those that want to invest in Portugal but not necessarily live there. Aside from making a Portugal Golden Visa investment through real estate or another option, you will have to pay the visa fees for all Golden Visa applicants, including family members. Done right, you can benefit from other tax benefits by establishing yourself in Portugal. align-items: center; stay at least fourteen days in the following subsequent years. What are the benefits of the Golden Visa? Subsequent governments have since expanded the scheme, and to date around 4.5 bn worth of investments have been made in Portugal. .in-post-simple-cta p { It is one of the most popular investment immigration programs in the world. A Declaration from a financial institution in Portugal attesting to the transfer of the assets. There is a processing fee of 527.60 (plus 82.30 for each dependent), and then an approval fee of 5274.40. Children over the age of 18 who are dependent on you financially. Also keep in mind that you will have to pay for the translations, lawyers, consultants, and legalization and issuance of documents along the way. 2. The Portugal Golden Visa program also called the Residence Permit for Investment Purposes allows eligible investors to get a Portuguese residency permit. [More Info]. Visa for Cultural / Sports / Religious Event, Germany Visa for Guest Scientists & Researchers, German Travel Insurance for Visitors/Tourists, German Health Insurance for International Students. Capital transfer of at least 1m to the Portuguese state, Creation of at least 10 full-time jobs (8 in a low-density area), Investment in real estate of at least 500,000, Investment in real estate rehabilitation of at least 350,000 in an eligible property which was constructed more than 30 years ago, Capital transfer of at least 250,000 to national heritage, Capital transfer of at least 350,000 into research, Investment into an existing Portuguese registered business of at least 350,000, as well as the creation of at least 5 full-time jobs, Make an investment of at least 350,000 into Golden Visa eligible funds, Schedule a free 15 min call with our specialists, (Portuguese tax number) and open a Portuguese bank account, Translate all of the necessary documentation, Book a Portuguese Golden Visa appointment (this can take up to 3 months), Receive your Golden Visa permit after 3-6 months, After 5 years of continued investment, you can then make your application for citizenship, Property deeds or purchase contract, with proof deposit payment, Bank declaration confirming the transfer of funds, Proof of criminal record check or a certified letter from the police in your country of origin, Declaration of compliance with investment requirements, Documents which prove compliance with the Portuguese Tax and Customs Authority and Social Security system, A receipt of evidence of payment of the application processing fee, Freedom of movement throughout the Schengen Area, Right to live and work in an EU country with no restrictions, You can bring your family with you and they will benefit from the same rights, Obtain a Portuguese passport after 5 years, Increased opportunities and access to quality healthcare and education. You need a certificate from any country where you have lived longer than one year. A person who does become a tax resident in Portugal can apply for the Non-Habitual Residents (NHR) regime, which offers several exemptions from income tax and other tax benefits. Eventually, you can apply for Portuguese citizenship or permanent residence. Your visa will allow you to bring your parents, spouse and children under or over eighteen that are studying and financially dependent on you as the applicant. The author makes no representations as to the accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors or omissions or damages arising from its display or use. This can be made as an individual, or in some cases through a company, so long as the correct requirements are met. Certified copy of the criminal certificate or a Police clearance letter from your country of origin, 7. completed form authorizing SEF to get an extract of your Portuguese criminal records, 8. The Portuguese Golden Visa program is one of the most popular both in Europe and the world, and for good reasons: You can choose from a range of relatively affordable investment options that will give you both permanent residency and citizenship in 5-6 years. Lawyer fees for the Portugal Golden Visa process can cost anywhere between 4,000 to 5,000 ($4,646 - $5,807). So, in short, the HQA visa isnt simply another, less politically volatile version of the golden visa. } Contribution of 5,082 - Main Applicant, 5,336 . The author makes no representations as to the accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors or omissions or damages arising from its display or use. Portugal housing crisis: 'I'll have to move back in with mum' Heres everything you need to know about the Portugal Golden Visa, from how to apply for one to what the exact investment requirements are. You can stay, live and work in Portugal as long as the you follow the following conditions: stay a minimum of seven days during the first year. } The Portuguese real estate market is diverse and offers many investment opportunities with lucrative returns. font-size: 12px; As part of the golden visa process, you will typically need to travel to Portugal for biometrics. Once five years have passed, you can apply for Portuguese citizenship and residency requirements will no longer be necessary. }}. If its a fund or commercial property, are there setup fees or annual management charges? } The wide range of options available make Portugal a popular choice for a Golden Visa investment. Statistics released this year by the Portuguese Border Control, SEF (Servio de Estrangeiros e Fronteiras) showed a large increase in American Golden Visa investors, as well as South Koreans. 2014-2023 iVisa.com. Special tax regime for Non Habitual Resident (NHR). These are the Portugal Golden Visa's costs: Initial Application Fees: 6,000. . For example, if youre purchasing a residential property in Portugal, you should factor in somewhere between 6-8% of the property cost to cover legal fees, registrations, and other costs. If you want to invest in one of the other options, your lawyer will help you set up the necessary meetings and documents for the transfer. Some documents, such as civil status documents, must also be legalised through an Apostille Stamp. } Best Citizenships 2023. There are three sets of costs that Investors must consider: When you buy a property in Portugal, two taxes are applicable together with Notary & registration fees:, As a guideline, fully built up purchase cost for a property of 500,000 is approx:, The Golden Visa application to the Immigration & Borders Service is normally handled by Legal companies. . Until the legislation is passed (which would take at least six weeks from the start of the process without any changes or extensions), the current Golden Visa regulations remain valid. The main two codes you will get at this step are: 1. In 2023, the Minimum investment amount for Portugal PR Residency is typically over 280,000. Aside from making a Portugal Golden Visa investment through real estate or another option, you will have to pay the visa fees for all Golden Visa applicants, including family members. This is your chance for Immigration to Portugal. Foreign Pension Income is exempted from taxation in Portugal. Ankerkoz 2-4, The investment options are regulated by the Portuguese CMVM (Securities Market Commission), and usually include venture capital investment in real estate or start-up tech companies. Five years after making your investment, you become eligible to apply for Portuguese citizenship or permanent residency. Portugal has become the most popular country to offer the Golden Visa Program, for two reasons: 1. } Remember to ask for a signed and stamped document from them saying you deposited the companys initial equity capital. The Portuguese property market also makes for a very stable investment, with some of the highest rental yields in western Europe, owing to the increase in tourism in recent years. What You Should Know About Renouncing US Citizenship, Citizenship by Investment Bond Applications for St.Lucia, Limited Time Discount of St. Kitts Citizenship Ends June 30, 2023, Last Call for Portugal Golden Visa Before Closing, Trends with Citizenship for Investment Programs, The Rule of Law, A Key Benefit of St. Lucian Citizenship. Portuguese law can be difficult to navigate, especially for those who do not speak Portuguese. All rights reserved. background-color: #bac5e2; In fact, Portugal is considered one of the best destinations for expats, consistently ranking high on international surveys. How To Get A Passport With The Portugal Golden Visa. Legal custody of siblings is required in order for them to qualify as dependents. Freedom of movement across the Schengen Area and the EEA, After five years (during which the original investment must be maintained) you can apply for Portuguese citizenship, Children, partners, and dependent parents can also be included in the application and benefit from the same rights, The stay requirement is very low (you only need to spend 7 days in Portugal in the first year in order to qualify), Golden Visa applicants can also benefit from the non-habitual tax regime, which allows investors to enjoy generous tax reductions and in some cases complete exemptions, You can choose from a variety of relatively affordable investment options in the dynamic Portuguese market, which in many cases results in high returns, The program is not blacklisted by the OECD, unlike many other schemes of its type. In return, the foreign investor gets tax-sheltering benefits and be part of a special Residence Permit Program extended to his family. Mar 1, 2023 19 min read The Golden Visa is a popular way to obtain a residency permit in Portugal through numerous investment options. The card is valid for one year initially and can be renewed for a maximum of five years. If you want to get a Portuguese citizenship after your five-year investment is up, then you must take, the Portuguese language test for citizenship. Would you like to get second citizenship from a European country? Taxes in Portugal for Golden Visa Investors. Note that the certificates of criminal records or police clearance letters must have been issued no more than 90 days before submitting your application. The 7 Cheapest Golden Visas in Europe #1. The fees for processing national visa applications are: Best Citizenships (BC) is a global brand and Online platform for CBI and Golden visa assisting HNWI clients. You can check the skewed and highly questionable list of high value-added activities here. Temporary stay visas are valid during the entire stay and allow for multiple entries. While the Portugal Golden Visa involves less paperwork than other similar programs, it's a good idea to get professional help to ensure that everything is done correctly and to deal with the country's bureaucracy. They can help you obtain the legal paperwork, pre-contract agreement, and all necessary documents for the transfer of property. .left { display: FLEX; This is at no additional cost to you and it does not affect our editorial standards in any way. From the cost side, comparing to other countries that offer the same program, the minimum cost requirements for Portugal are a lower ticket price than the rest. To obtain the Golden Visa for Portugal, there are five main steps to follow: There are steps you can take to complete the operation from outside Portugal, but there are other steps you will need help within the country. Be sure to weigh up the costs, both in terms of money saved and additional work on your behalf. The first commonality is the physical stay requirements. We work with the top Legal companies in Portugal and would be happy to introduce them to you., Deed, Notary Costs & registration costs, IMT or Property Transfer Tax, which is the tax on transfer of ownership of property (circa 6%) , Issue of Investor Residency Permit - 5,336.40, Renewal of Investor Residency Permit - 2,668.20, Issue of Portuguese Residency Permit per Family Members - 5,336.40, Renewal of Portuguese Residency Permit per Family Members - 2,668.20. Make a capital transfer of at least 250,000 to support the arts or reconstruction of national heritage. This test, called The CIPLE, checks to see if you have a basic understanding of the Portuguese language. Portugal Golden Visa Program | Real Estate Investment With your Portuguese residence permit card, you can live and work in Portugal freely and enjoy the same benefits as all other Portuguese citizens and residents. After six years of living in Portugal, you can apply for a citizenship. Some of the main advantages of the Portugal Golden Visa include: The most popular Golden Visa investment option is real estate. The typical entry cost of the golden visa is 280,000 excluding fees (although as little as 200,000 is possible if youre willing to make a donation rather than an investment) while the cost of the HQA visa is 175,000 all-in (excluding any additional costs for family members). For this reason, its called the HQA visa, implying that its aimed at those in highly qualified activities such as working as an entrepreneur, scientist, engineer, doctor, or other professionals. In addition, the Golden Visa program can also ultimately lead to obtaining Portuguese citizenship. The Portuguese Government announced on 16 February 2023 that it would end its golden visa program. If you invest in a low-density area, the investment amount is 280,000. a criminal records check). Under the NHR, foreign interest and dividends may be exempted from taxation in Portugal. Non-EU nationals who make a significant investment in the Portuguese economy, such as purchasing real estate, making capital investments, or creating jobs, are eligible for the Portugal Golden Visa. The project should qualify for investment by the Portuguese Immigration and Borders Service SEF. Declaration from you confirming compliance with the investment requirements, D9. by Diogo Marques | Abr 17, 2021 | golden visa, Sem categoria. This can be made as an individual, or in some cases through a company, so long as the correct requirements are met. In 2021, the World Index of Healthcare Innovation ranked Portugal third for patient care and medical infrastructure. In addition there is a processing fee on application and renewal of 533.90 for the main applicant plus 83.30 per family member. This type of investment may be made by more than one individual, or as shareholder of a single member limited company. It was known as a cash-for-passport program. Investing funds should originate outside of Portugal. Updated: 17 April 2023 Portugal's Golden Visa program is one of the most popular residency by investment programs in Europe and in the world. Portugal Golden Visa Cost The Portuguese government has granted 7,000 residency permits to investors, and a further 12,000 to their dependents. However, if youre travelling from somewhere like the US, China, or Australia, the cost will be significantly more. color: white; Cdigo da Certido Permanente (Permanente Certificate Code). font-weight: bold; If applicant has dependents younger than 18 years-old, they can be included free of charge. If you invest in a fund, will you have to be taxes on any growth or dividends? Heres the list: AustriaBelgiumCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandItalyLatviaLiechtensteinLithuaniaLuxembourgMaltaNetherlandsNorwayPolandPortugalSlovakiaSloveniaSpainSwedenSwitzerland. [More Info]. It has one of the best Cost-Benefit relationship. Besides this one, there are other tax-benefits that we will cover in a bit. What is Portugal in Winter Really Like? Usually this is a residential property, but many people also invest in commercial property such as hotel redevelopment schemes, which typically come with guaranteed returns and buyback schemes. Who Is Considered a Resident in Portugal for Tax Purposes? This has to be combined with the creation of five permanent working jobs, or for the reinforcement of the share capital of an existing Portuguese company. After five years (1+2+2) you become eligible for permanent residence or citizenship. Who Is Eligible to Apply for a Golden Visa for Portugal? Portugal Golden Visa for Kenya - EB5 BRICS @media (max-width: 600px) { A list discussing all the different visas and routes to residency can be found here. 3. Fees vary from company to company but investors should budget about 1.5-2% of the property price for their legal fees. 1. Read. If you need a visa, check out our Schengen Visa guide and ETIAS visa waiver guide to help you plan your trip. Golden Visa applicants don't pay income tax in the country unless they move to Portugal and register the country as their primary residence. Statement that you will maintain your investment for a minimum period of five years. Parents over 55 of either you or your spouse/partner. If you are a shareholder in a company: Extract from the register of companies, A Declaration issued by the Portuguese Strategy, Planning and Cultural Assessment Office, stating they have consulted with the competent authorities in the sector and attesting your investment in support of the arts or restoration and maintenance of the national cultural heritage, A Declaration from a financial institution in Portugal attesting to the transfer of the assets, A Declaration from the public or private scientific research institution attesting to the investment. Portugal Golden Visa Fees. What are the Actual costs of Portugal Golden Visa 280K euro? Links to external websites do not constitute an endorsement. Portugal Golden Visa: Your Ultimate Guide 2023 - GoldCrest To obtain Portuguese citizenship, you do not need to live in Portugal full-time. Additionally, many non-Schengen countries will also allow you to enter visa-free as long as your visa or residency permit is available. Consult the convenient iVisa visa checker if you need another type of visa for Portugal, such as a Schengen visa. These are the countries that offer the Golden Visa. Our platform makes it cheaper and faster for clients without any brokers or intermediaries. In return, the foreign investor gets tax-sheltering benefits and be part of a special. Translations should be done by a certified translator. In some instances, such as visiting emergency rooms or family doctors, having a medical emergency, doctor's appointments, and diagnostics exams, there may be some fees to be paid. Remember that these are their fees, all other incurred expenses are on you. Global Citizen Solutions is one of these companies and can help you with your application process from start to finish. Note:Residence permits are issued for maximum period of 1-2 years with the possibility of extensions. Portugal Healthcare System for Expats and Foreigners - Get Golden Visa This isnt a hugely difficult level of Portuguese, and the pass mark is only 55% or above, but it will still require at least a few months of work. It does not have to be 183 consecutive days. 3. The small print: Portugalist may generate a commission from mentioned products or services. The Land Register Certificate, along with the records, endorsements, and registration in force, attests to the ownership of the property. As opposed to the expensive cities, Braga, Viseu, and Coimbra are the most affordable places you can find in Portugal. Links to external websites do not constitute an endorsement. Capital transfer - a minimum investment of 250,000 - AND. Portugal Golden Visa Costs, Fees, and Taxes Original documents must be accompanied by a certified translation in Portuguese, which may be done in one of three ways: By a translator who is accredited by the Portuguese Consulate, By anyone, if the translation is certified by a Portuguese lawyer, By the issuing countrys Consulate in Portugal. Although other methods are available (see FAQ below) the real estate route accounts for over 92% of all applications. My journey to EU citizenship - The Points Guy While the fees vary, most lawyers charge an additional fee of around 5,000 to handle the application and renewals for you. Capital Gains are taxed at a flat rate of 28%. padding: 20px; The golden visa comes with government fees, both during the application stage and then later at the renewal stage (after 2 years). Portugal Malta Cyprus Austria United Kingdom United States Canada Antigua and Barbuda Saint Kitts and Nevis Spain Latvia Monaco Bulgaria Ukraine Grenada Abkhazia Saint Lucia Australia Hong Kong Singapore UAE Dominica. Declaration from a financial institution that is registered in Portugal, attesting to the required deposit. color: dark-grey; But all of those benefits come at a cost. } Processing fee: 533 for each family member, Golden Visa issue fee: 5,325 for each family member, Residence permit renewal fee: 2,663 for each family member on each renewal. At the end of year 5, applicants can then apply for Portuguese citizenship. These are the different ways through which a Golden Visa investment can be made: .in-post-simple-cta { Some documents you may not have (birth certificates often get lost, for example) and you may need to re-order and some documents may need translating or notarising. There are many different companies in Portugal that specialize in Golden Visa assistance. Buy company shares of at least EUR 1 million or invest EUR 1 million in a company. It may be cheaper to organise these things yourself. .in-post-simple-cta .gcs-tittle { At this point, you will need to demonstrate that you have ties to Portugal and pass a general knowledge test. The main one is related to tax. In this article I will guide you through each step towards getting your golden visa. For all other certificates, it is 180 days. Our services are free of charge and we do not charge any fee to clients. Nearly everything is very affordable, from food to education, to healthcare and leisure and social activities. flex-direction: column; 2. text-transform: uppercase; The small print: Portugalist may generate a commission from mentioned products or services. Residence permit renewal fee: 2,663 for each family member on each renewal. 2022-01-08 - Although property investment is still by far the most popular route for Portugal Golden Visa application, the fund investments route is gaining. Portugal offers a few ways to get a residence visa or Portuguese citizenship, including the Portuguese Golden Visa program. The question is: how much? Ability to Live and Work in an EU Country, Access to Portuguese Healthcare and Education, Portuguese Passport in as Little as Five Years. The Portugal D7 Visa: 2023 Step-By-Step Guide Evgeniya Morozova. Portugal Golden Visa Residence Program - SchengenVisaInfo.com Portugal Golden Visa Guide 2023 - Portugal.com Temporary residence permit fees - 73 EUR Permanent residence permit fees - 222 EUR * Fees are subject to change and determined by the Portuguese government. As a non-resident, you only pay tax for income obtained within Portugal, such as from renting out real estate. Acquisition deed of the property or the pre-contract agreement. Which countries offer the Golden Visa? A D7 Visa is significantly cheaper than other visas like the Portugal Golden Visa program, which costs 5,325 and 533 in application and processing fees and also demands a significant investment into real estate or Portuguese arts and heritage. Autorizao de Residncia para Actividade de Investimento) is one of the most popular citizenship by investment programs in Europe.
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