RESIDENCY BY INVESTMENT

Portugal

Portugal, a vibrant EU and Schengen member, boasts a developed economy and thriving tourism. Renowned for Fado music and historic maritime legacy, it’s favored for its beaches, cities, and welcoming culture, ranking top for expats in 2023.

29

Visa-free access to the Schengen zone

EUR 500,000

A minimum amount of 500,000 is required.

24-30

Months from submission of the application

Portugal stands as a developed nation with a robust economy and a significant tourism sector. As a member of both the European Union and the Schengen Area, it offers seamless access to European markets and travel. The country’s population, as of 2024, is approximately 10.2 million, centered around its vibrant capital, Lisbon, home to around 500,000 residents. Portuguese is the official language, widely spoken alongside English.

Portugal boasts a rich cultural heritage, renowned for its melancholic Fado music and the concept of Saudade. Historically, Portugal’s maritime prowess during the 15th century revolutionized global navigation with innovations like carracks and galleons, alongside advancements in navigational instruments.

InterNations, a leading expat network, crowned Portugal as the top expat destination in 2023, highlighting its allure among retirees and remote workers. This surge in popularity over the past decade underscores Portugal’s appeal, drawing many with its sun-kissed beaches, charming historic towns, bustling cities, and serene countryside.

Discovering Portugal reveals diverse lifestyles appealing to various expat personas: the City Sophisticate, Coastal Connoisseur, Rural Reverie, and Culture Enthusiast. Each persona aligns with distinct preferences and locales, from the dynamic cityscapes teeming with cultural events, fine dining, and business opportunities to coastal havens, tranquil rural retreats, and cultural hubs brimming with tradition and history. Portugal’s affordability, warm hospitality, and rich tapestry of nature and arts make it an enticing destination for investors and new residents alike.

Portugal’s Golden Visa program in 2024 continues to offer diverse investment options that stimulate the country’s economy while providing opportunities for investors to gain residency, and potentially citizenship, within the European Union. By shifting away from real estate investments, the program now encourages contributions to scientific research, economic growth through investment funds, and the preservation of cultural heritage. This evolution in policy ensures that the program remains dynamic and beneficial for both Portugal and its investors.

Benefits of Portugal Residence by Investment Program

Visa-free Schengen access

Holders of the Portugal Golden Visa enjoy the freedom of movement within the Schengen Area, allowing travel across 29 Schengen countries without needing additional visas. This benefit significantly enhances the mobility of investors.

Pathway to Citizenship

The Portugal Golden Visa offers a clear pathway to citizenship. After five years of residency, investors can apply for permanent residency and then Portuguese citizenship, granting the right to live, work, and study anywhere in the EU..

Family Reunification

The program extends benefits to family members, allowing the primary applicant’s spouse, dependent children, and parents to obtain residency permits. This ensures families can stay together and enjoy the advantages of living in Portugal.

Tax Incentives

Portugal allows dual citizenship, meaning applicants can obtain Portuguese nationality without losing their original citizenship. This provides flexibility and additional rights, making the Golden Visa program more appealing to international investors.

Dual Citizenship

Portugal allows dual citizenship, meaning applicants can obtain Portuguese nationality without losing their original citizenship. This provides flexibility and additional rights, making the Golden Visa program more appealing to international investors.

Who can qualify for the program?

Investor who is over 18 Years old
Spouse who is over 18 Years old
Children who are dependent to the investor
Parents over 55 who are dependent to the investor

Requirements of Portugal residence by investment

OPTION 1: Investment in Research and Development
With the new regulations of 2024, applicants can no longer qualify for residency through real estate investments. Instead, one of the key pathways now is investing a minimum of €500,000 in public or private scientific research institutions. This option supports the advancement of Portuguese scientific research and development efforts. Investments must be maintained for a minimum of 5 years, with at least 60% of the investment dedicated to Portuguese ventures. This route not only aids in the progression of critical research but also contributes to the country’s innovation landscape.

OPTION 2: Investment Funds and Private Equity
Applicants may opt to invest in approved investment funds or venture capital funds aimed at capitalizing on Portuguese companies with significant growth potential. A minimum contribution of €500,000 is required for this option. These funds are designed to foster economic activity across various sectors within Portugal. Investors must meet specific criteria to be eligible for the program, ensuring their investments contribute meaningfully to the Portuguese economy. This pathway is ideal for those looking to support burgeoning businesses and industries within the country.

OPTION 3: Cultural Heritage Donation
Another pathway involves making a cultural heritage donation, supporting the preservation and enhancement of Portugal’s rich cultural legacy. This investment option requires a minimum contribution that benefits Portuguese cultural institutions and projects. The exact amount and specific requirements can vary, but the focus is on maintaining and celebrating Portugal’s historical and cultural assets. This route provides a unique opportunity for investors to contribute to the country’s cultural wealth while securing residency.

OTHE REQUIREMEMTS
Applicants for Portugal’s Golden Visa must meet specific eligibility criteria, including the outlined investment requirements. The application process entails a series of precise steps and extensive documentation. Foreign investors need to follow a structured timeline to secure approval for their residency permit. The necessary paperwork typically includes proof of investment, personal identification documents, and compliance with legal and financial regulations.

PROCESSING TIME

Phase 1: Client Onboarding
The process begins with filing the client’s form, which enables us to carry out the initial due diligence. BLS Global will make sure you meet the basic eligibility criteria, such as being a non-EU citizen, having a clean criminal record, and the capacity to make the required investment. Financial preparation is essential at this stage. Ensure you have the necessary funds for the investment, along with any associated fees and additional costs. Subsequently, following the successful screening, we provide you with a formal agreement with BLS Global.

Phase 2: Making the Investment
Executing the chosen investment is a critical step in the Golden Visa process. Applicants must ensure their investment meets the minimum required amount, €500,000, and obtain official proof of the investment, such as a certificate of deposit or investment contract. It’s important to verify that the investment funds come from legitimate sources and comply with anti-money laundering regulations. Maintaining transparency in financial transactions is key to avoiding complications during the application review process. This phase lays the groundwork for the subsequent application submission.

Phase 3: Application Submission
Once the investment is secured, applicants must prepare their Golden Visa application. This involves completing the application form and gathering all supporting documents, including proof of investment, clean criminal record certificates, health insurance, and proof of financial means. The completed application and documents are then submitted to the Portuguese Immigration and Borders Service (SEF). Applicants must also pay the applicable processing fees and wait for an acknowledgment of receipt. This phase is critical as it officially initiates the review process by Portuguese authorities.

Phase 4: Approval
If the application meets all criteria, the applicant will receive initial approval and be granted a residency visa valid for one year. This visa enables the applicant to proceed to Portugal and establish residency, marking a significant milestone in the Golden Visa journey.

Phase 5: Establishing residency in Portugal
Following visa approval, the applicant relocates to Portugal and registers their address with local authorities. Obtaining a Foreigner Identity Card (TIE) within 30 days of arrival is essential, as it serves as official documentation of legal residency status in Portugal.

Note: The timeframe for the investment options may vary, highlighting the importance of selecting a project that can provide the necessary paperwork for the residency application.

Disclaimer: Residency requirements and investment details are subject to change. Please consult with our experts for the latest information.

Portugal D7 Visa: The Passive Income Residency

Your Gateway to Long-Term Residency

The Portugal D7 Visa, often referred to as the Retirement or Passive Income Visa, is designed for non-EU/EEA/Swiss citizens, including those from the US, seeking to live in Portugal. Introduced in 2007, this long-term residency visa caters to retirees, entrepreneurs, and remote workers who can demonstrate a steady passive income without relying on the Portuguese job market.

BENEFITS OF poRtugal D7 visa:
No Investment Requirement**: Unlike the Golden Visa, the D7 Visa does not require a financial investment in Portugal.
Tax Benefits: Portugal’s non-habitual tax regime offers significant tax advantages for residents.
Family Reunification: The visa allows applicants to bring their family members under the same application.
Education: Free public education for dependent children and access to international private schools offering instruction in various languages.
Path to Citizenship: Leads to permanent residency and potential citizenship after five years.
Quality of Life: Access to Portugal’s healthcare, education, and the right to travel within the Schengen Area.
Ideal for Retirees: Portugal’s temperate climate and relaxed lifestyle make it an excellent retirement destination.

REQUIREMENTS OF poRtugal D7 visa:
Securing a D7 Visa requires careful preparation, focusing on financial stability and establishing residency in Portugal. The application process is comprehensive and often complex, necessitating professional guidance from initial documentation through to visa renewal or transition to permanent residency. Applicants must be well-versed in the financial requirements, application procedures, residency terms, associated costs, and tax obligations.

Financial Requirements:
To qualify for the D7 Visa, applicants must demonstrate a steady passive income sufficient to cover their living expenses in Portugal. The minimum income requirements are:

Single Applicant**: €8,460 annually.
Main Applicant with Spouse**: €12,690 annually.
Each Dependent/Child**: €2,538 annually.

Applicants must also provide proof of accommodation in Portugal, such as a rental agreement or property deed, and maintain valid health insurance throughout their stay.

Process
SApplicants should initially spend at least 4 to 6 months in Portugal to start the application process. This involves meticulous preparation of documents, proper submission to the appropriate authorities, and a clear understanding of the required steps to ensure a smooth transition towards obtaining the temporary residence permit.

RESIDENCY RENEWAL
Upon obtaining the D7 Visa, applicants receive a temporary residency permit valid for two years. To continue their stay, they must renew their residence permit before it expires. The first renewal grants a two-year extension. Applicants must stay in Portugal for a minimum of 16 months within the first two-year period to meet the residency requirements.

ELIGIBILITY FOR CITIZENSHIP
Eligibility for Portuguese citizenship arises after five years of permanent residency in Portugal. To transition from resident to citizen, applicants must fulfill several conditions:

  • Evidence of a clean criminal record.
  • Proof of ties to the Portuguese community.
  • Documentation to ensure the applicants’ residence registration.

FAQs

1. What is the Portugal Golden Visa and who is eligible to apply?

The Portugal Golden Visa is a residency-by-investment program designed for non-EU/EEA/Swiss citizens. To be eligible, applicants must make a qualifying investment, such as in research and development, investment funds, or cultural heritage donations, and meet other program requirements.

2. How does the Portugal D7 Visa differ from the Golden Visa?

The D7 Visa, also known as the Retirement or Passive Income Visa, is intended for non-EU/EEA/Swiss citizens with a stable passive income, like pensions or rental income. Unlike the Golden Visa, the D7 Visa does not require a financial investment in Portugal but focuses on financial stability and residency.

3. What are the main benefits of the Portugal Golden Visa?

The Golden Visa offers several benefits, including freedom of movement within the Schengen Area, a pathway to permanent residency and citizenship, family reunification, and access to Portugal's high quality of life, healthcare, and education systems.

4. What are the financial requirements for the Portugal D7 Visa?

Applicants for the D7 Visa must demonstrate a stable passive income that covers living expenses in Portugal. The minimum income requirement is €8,460 annually for a single applicant, €12,690 annually for a couple, and €2,538 annually for each dependent.

5. Can family members be included in the Portugal Golden Visa and D7 Visa applications?

Yes, both visas allow for family reunification. Eligible family members include the applicant's spouse, dependent children under 18 (or full-time students over 18), and dependent parents. All family members must meet certain criteria and provide the required documentation.

6. What is the process for restartingresidency permits under the Portugal Golden Visa and D7 Visa?

For the Golden Visa, the initial permit is valid for one year, after which a two-year resident permit can be obtained and renewed every five years. For the D7 Visa, the initial residency permit is valid for two years, with renewals required before expiration, leading to permanent residency and potential citizenship after five years.

7. What are the key tax benefits associated with the Portugal Golden Visa and D7 Visa?

Both visas provide access to Portugal's non-habitual resident (NHR) tax regime, offering significant tax benefits for up to 10 years. This is particularly advantageous for retirees and individuals in high-value industries. However, income generated within Portugal is subject to the country’s standard tax rates.

8. How long does it take to process the Portugal Golden Visa and D7 Visa applications?

The processing time for the Golden Visa typically ranges from 10 to 14 months. For the D7 Visa, the initial application process requires the applicant to spend 4 to 6 months in Portugal, with the subsequent residency permit granted for two years before renewal. The entire process may vary based on individual circumstances and compliance with all requirements.