STARTER KIT FOR INDIAN INDIVIDUALS INTERESTED IN A PORTUGUESE GOLDEN VISA FUND
Understanding the Portuguese Golden Visa Fund
The Portuguese Golden Visa Fund is an investment option
that allows non-EU citizens, including Indians, to obtain a
Portuguese residence permit. This residence permit provides
visa-free travel within the Schengen Area, the right to live,
work, and study in Portugal, and a path to Portuguese
citizenship after five years.
What is a Collective Investment Entity (CIS)?
A Collective Investment Entity (CIS) is a type of Iinvestment fund that pools money from multiple
investors, to invest in a diversified portfolio of assets.
To qualify for the golden visa, the CIS must be established under Portuguese legislation, with a
length of maturity of at least five years, and with at least 60% of the value of the investments being
made in commercial companies headquartered in the national territory of Portugal. A CIS is
regulated by an independent body, which overseas such funds, and is known as the Portuguese Securities Market Commission (CMVM – Comissão do Mercado de Valores Mobiliários).
COMPARABILITY TO OTHER EU RESIDENCY PROGRAMMES
The Portuguese Golden Visa Fund offers several advantages when compared to other EU residency programmes, including:
• Lower investment requirement: The minimum investment for the Portuguese Golden Visa Fund is €500,000, which is lower than the investment requirements for many other EU passport programmes.
• Flexibility of stay: You are only required to spend seven days per year in Portugal to maintain your residence permit.
• At the end of five year of legal residency, you can apply for a Portuguese passport, which is not permitted in all of the other residency programmes
available in the EU.
NAVIGATING INDIAN EXCHANGE CONTROL ISSUES
Indian residents are subject to exchange control regulations that restrict the amount of foreign exchange they can transfer out of the country.
Dixcart Portugal Lda has assisted many Indian clients with their investments in Portugal, and you are welcome to discuss such matters with us.
Portugal – A preferred Route for Indian Nationals?
According to the Portuguese Immigration Authorities, as of October 2023, a total of 1,234 Indian nationals have applied for the Portuguese Golden Visa. This represents almost 5% of all Golden Visa applications received to date!
It is therefore not surprising that, there is a large and growing Indian community in Portugal.
How to choose the right partner for your Portuguese Golden Visa?
When selecting a partner to assist with your Portuguese Golden Visa, consider their; experience,
reputation, communication, fees, location, and expertise in your investment type. Additionally, try to
ensure that they are responsive, keep you updated, and can explain complex concepts clearly.
Dixcart Portugal Lda: Your Experienced
Partner for the Portuguese Golden Visa
Dixcart Group has over 50 years of experience, with 35 years of
experience in Portugal, working with private clients and advising
corporates.
We are headquartered in the UK and have a proven track record. We have clientele based all over the world – including a substantial client book of business from India.
We have also been able to refer specific cases to the right legal
team in instances where biometrics have been lost, or other
challenges have arisen, such as missed biometric appointments.
These are special cases which require expertise and experience
to manage successfully – which we have been able to achieve to
date.
Dixcart Portugal Lda were one of the first companies to
coordinate and help manage golden visa applications, through
introductions to Portuguese legal advisers, who have assisted
many individuals and families to complete the programme and
obtain a Portuguese passport. In addition, Dixcart Portugal Lda
already have experience of many changes to the programme,
