ProsperJasmim - RealEstate Investments

Golden Visa

The Golden Visa Programme launched by the Portuguese Authorities is a fast track for foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal (“Golden Visa”). Under the Golden Visa programme, non-EU citizens simply need to carry out one of the investments set out in the law to qualify to obtain a residency permit in Portugal. This residency permit will allow the investor and his family members to enter and/or live in Portugal and to travel freely within the vast majority of European countries (Schengen space). Aimed at attracting foreign investment to Portugal, the Golden Visa is a very straightforward and flexible programme, with simple and clear legal requirements. With extremely reduced minimum stay requirements, the Golden Visa is clearly one of the most attractive residency programs for investors in the world.

What are the main advantages of the program?

No need to obtain a visa to enter Portugal; No need to obtain a visa to travel in Europe (Schengen area); Living and working in Portugal, even with residency in a different country; Residency extended to family members; Extremely low minimum stay periods; Permanent Residency possible after 5 years; Citizenship possible after 6 years.

What are the countries included within the Schengen Area?

The Schengen Area is a group of 26 European countries that have abolished passport and immigration controls at their common borders. With a resident permit from Portugal, the investor is entitled to enter and travel freely throughout all the countries of the Schengen area. The Schengen Area includes the following countries: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.

Do I have to pay taxes and fees for purchasing real estate in Portugal?

Yes. The taxes related with property are IMT, IMI and IS. You also have to cover the Notary fees and Real Estate registration fee. For more specific information about taxation rates please refer to following see the document or get in touch with us. If an investment was made before the publishing of a new law, can the investor still apply for the residence permit? The Golden Residence Permit Program is applicable only for the investments made after the law is in force. In this case the law has taken effect from the date of 8 October 2012.

What rights does a resident of Portugal have?

A person authorized to live in Portugal, has the right to education, maintain professional activity,health care, and justice system. Which kind of identity do children who were born in Portugal have? Children born in Portugal can apply to Portuguese nationality.

Who is considered member of the family?

The spouse. Minors or children who are under guardianship of the couple or of one of the spouses. Minors adopted by an unmarried applicant, by a married applicant or by the spouse, Children who are of age and of whom the couple or one of the spouses is in charge, that attend a teaching institution. Progenitors in the first ascending line of the of the resident or the respective spouse, provided they depend from either of those.

How long will it take to make a decision regarding the residence permit?

After submission of all necessary documents final decision is taken in less than 10 days. To have the cards in hand in your home country by courier it should take less than 45 days. What kind of document does applicant get if his / her residence permit is approved? The applicant will obtain a residence permit authorization card, which will serve as an ID or traveling document and will correspond for ID purposes in Portugal and other European Union countries.

Is it possible to make property investment in co-ownership?

Yes, the property can be acquire in co-ownership, if each co-owner making an investment of a minimum of 500,000 euros.

Should I have a personal bank account and TAX number in Portugal?

Can you open it for me? Yes. It is necessary. We can open it for you through a power of attorney. So you just need to be in Portugal for applying for VISA.

Could not find the answer?

Ask a question