The Golden Residence Program ("Golden Visa") launched by the Portuguese Authorities in October 2012 is a fast track program for foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal.
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 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 program, with simple and clear requirements.
With extremely reduced minimum stay requirements (7 days for the first year and 14 days for each of the following periods of 2 years), the Golden Visa is clearly one of the most attractive residency/immigration programmes.
The following types of investment qualify for the Golden Visa program:
a) Acquisition of property in the amount of or above €500,000.
b) Transfer of funds of or above €1,000,000 into a bank account, and investing in stocks or shares of companies.
c) Establishing business which creates at least 10 jobs in Portugal.
d) Acquisition of property, with construction dating back more than 30 years or located in urban regeneration areas, for refurbishing, for a total value equal to or above €350,000.
Right to enter country and remain as a resident
Freedom of travel in all European Union countries in the Schengen area
Apply for citizenship after a period of residence. Dual citizenship allowed
Excellent lifestyle, medical and educational facilities
No 'Global taxation'. If the holder of the resident permit does not stay in Portugal for more than 183 consecutive days, he/she will not be required to pay taxes for income generated outside of Portugal.
Portugal does not apply a wealth tax. There is no tax on gifts or inheritances between parents, children and grandchildren.