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How To Get A Golden Visa In Portugal

  • Portugal’s Golden Visa Programme encourages investors to move to Portugal and helps them gain free movement rights in the country.
  • It is different from other visa programs as investors need to spend just an average of 7 days yearly in Portugal to be eligible.
  • The program attracted over €7.5 billion into Portugal in 2023 and bought in 12,718 applicants along with 20, 424 family members.
  • Non-EU, non-EEA, and non-Swiss nationals over the age of 18 are eligible for the programme if they have a clean criminal record and required capital.
  • The visa is open to investors willing to invest in scientific research, business creation, promoting the country's economy or cultural heritage.
  • After five years of residency in Portugal, investors can apply for Portuguese citizenship.
  • Applying for Golden Visa in Portugal requires choosing the appropriate investment category, obtaining a Portuguese Tax Identification Number, submitting the application online and registering for biometric data.
  • The Portuguese government has recently landed fresh changes to the Golden Visa programme, including scrapping real estate investment as an option.
  • Real estate aside, these changes have been designed to make the visa easier to upkeep for those looking to be in the country long-term.
  • Golden visa holders have to renew their residency permit every three years and will not be liable to taxation if they spend less than 183 days a year in Portugal.

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