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PORTUGAL GOLDEN VISA PROGRAM

 

PORTUGAL GOLDEN VISA PROGRAM - A GATEWAY TO EU CITIZENSHIP:    

The Portugal Golden Visa Program is a gateway to EU citizenship and is one of the fastest choices for foreign investors or third-country nationals to be granted a residence permit through investment activities conducted within Portugal territory.

The scheme began in 2012, and by May 2020 has been credited with investments of over 5.2 billion euros from over 20,000 persons (8,736 investors and 14,936 family members). 

• The Golden Visa program in Portugal was first created to attract foreign investment to the country and, as of today, it has brought over €5.2 billion in direct investment into Portugal until May 2020.  
• Since the introduction of the program, more than 8,736 investors have benefited from the program along with more than 14,936 family members.
• The main benefits of the program are the various choices of investments, fast processing and a minimal requirement for residency.
• By investing 280,000 EUR OR 350,000 EUR, residence permit holders have the right to live, work and reside in Portugal and enjoy the benefit of travelling visa-free within the 26 nation members of the Schengen zone.
• The Portuguese passport is a top-notch travel document allowing visa-free travel to 186 countries.

 

The Portugal Golden Visa Program is one of the simplest and fastest ways for high-net-worth individuals to obtain a residency visa in Europe and eventually gain access to European citizenship.

Family members of the investor (spouse, financially dependent children, and financially dependent parents) may also be included in the application and become European citizens.  This makes Golden visa the fastest growing investment immigration program in Europe.

• Portugal is the 3rd safest country in the world (source: 2020 Global Peace Index)
• According to the Portuguese Border Service (SEF), 2019 has seen almost €500 million invested in just seven months.
• Investment by Brazilian nationals under the same scheme was up by almost 42% in 2019.
• Countries with most investors for the programme include China, Brazil, South Africa, Russia and Turkey and now India.
• 2019 was the most successful year ever for the programme.
• The program requires a minimum investment of €280,000 or  €350,000 we can choose from a range of investment routes on the project availability.  
• Most investors choose the real estate investment option by investing in a high-end project for its return and buy-back option available after 5 years on €350,000 residence permit holders already have the right to reside in Portugal and enjoy free travel within the 26 nation members of the Schengen zone.
• The main benefits of the program are the various choices of investments, fast processing and a minimal requirement for residency. This makes Golden visa the fastest growing investment immigration program in Europe.
• The Golden Visa Program is one of the fastest choices for foreign investors or third country nationals to be granted a residence permit, through the Golden Visa Program conducted within Portugal territory.

 

DIFFERENT OPTIONS THAT APPLICANTS HAVE TOWARDS INVESTING FOR OBTAINING THE GOLDEN VISA - RESIDENCE PERMIT TO PORTUGAL.

CAPITAL TRANSFER:  An applicant can also look at the investment option by Capital Transfer with atleast €1 million to Portugal.

INVEST IN REAL ESTATE:  Real estate investment of at least €500,000 of any type of real estate and anywhere in Portugal.

Also, has an option to invest as the amount has been reduced to €400,000 if it’s located in a low-density area.

INVEST IN REAL ESTATE REHABILITATION:  Investment in properties that are over 30 years old or are located in designated areas of urban rehabilitation, with a property purchase price of at least €350,000.

Also, has an option to invest as the amount has been reduced to €280,000 if located in a low-density area.

INVESTMENT IN PRIVATE EQUITY FUNDS:  A Golden Visa can also be obtained through investing €350,000 minimum investment amount can be made to a private equity fund. This can be a more convenient option for some as it avoids the hassle of looking for property and subsequent management.

INVESTMENT IN EXISTING BUSINESS:  Few applicants would like to process by investing into an existing Portugal-registered business, or at least €350,000 to either incorporate or increase the share capital and create at least 5 full-time permanent jobs for at least 3 years.

INVESTMENT INTO NATIONAL HERITAGE:  Applicants can also look at investing through the conservation of national heritage, arts and culture of at least €250,000 and more.

 

INVESTOR QUALIFICATIONS:

• Be 18 years of age or older (no age limit)
• Possess a valid passport and reside legally in a country
• Submit a no-criminal record (we will guide you in obtaining the required clearance prior to lodgment of your application).
• Possess an acknowledged Health Insurance Plan for the duration of the stay (we will guide you in the process of obtaining required health insurance during your stay for you and the family).
• No net worth requirement needed for this application.
• No minimum education level and no management experience requirement
• Investment period for at least 5 years or until the time the investor can get the Permanent Residence card or Citizenship

 

PROCESSING TIME FOR OBTAINING RESIDENCE VISA: 

The general processing time to obtain Residence is about 3 months, but in practice, it takes closer to  6-10 months.

 

PROCESSING TIME PORTUGAL/EU CITIZENSHIP: 

The eligibility is about 60 months orelse 5 years you obtain your Citizenship. We will guide you with all the formalities for obtaining the Citizenship after 5 years waiting period.

 

FUNDS TO BE INVESTED FOR THE GOLDEN VISA: 

The amount is EUR 280,000 presently INR 2,41,41,452.34 (OR) EUR 350,000, presently INR 3,01,76,815.42. The funds are invested in Real estate and have a guarantee on investment through buyback option.  

 

RETURNS: 

There is no annual return for the investment of EUR 280,000. The annual returns for EUR 350,000 vary based on project to project we deal and the availability.

 

SUCCESS RATE:

The counterparts we deal with has almost a decade of experience and have a 100% success rate in Golden Visa applications and we at Bilimoria & Associate work on 100% refund policy on our professional fee, if the applicant and family members does not receive the visa.

We are liaison and appointed Representative with a renowned company, who are Lawyers by profession in Portugal  that has been able to successfully process over 300 golden visas applications until now in Portugal. The fact that most investors have applied via a rehabilitation investment in real state, makes it one of the leading experts in the real estate rehabilitation investment category from our company.

For the past years our company has been able to set an extraordinary standard in the Golden Visa Processing. Selecting as a partner, with all the developed expertise in this area, is in itself a guarantee to our success for our clients.

 

ACCESS TO SCHENGEN AREA AND PORTUGUESE PASSPORT:

With your Golden Visa permit, you will be registered with the Schengen Area central system which will enable you to enter all European countries without the need for an additional visa.

The Portuguese passport is a top-notch travel document allowing visa-free travel to 186 countries.

 

TAX CONSIDERATIONS ON PORTUGUESE GOLDEN VISA:

 As a Golden Visa Portugal holder, you will not need to pay any additional taxes on your income produced outside of Portugal.  To read more on taxation enclosed the link:  Capital gain Taxes on the investment

You may, however, wish to benefit from the generous Non-Habitual Tax Regime by setting up your fiscal residence in Portugal and we will guide you on the above after you have obtained your visas. This may help you maximize fiscal efficiency pertaining to your global income.

 

Our applications are prepared and lodged by our team of immigration lawyers specialized in obtaining Portuguese citizenship.  The conditions can differ for EU and non-EU citizens and the latter can request personalized counseling from one of our immigration lawyers.

We can guide you and assist in the preparation of your immigration visa requirements which needs our continuous support for the period of five years. We strive to achieve the highest possible standards of professional service and success rate on every application that we lodge with the Immigration department.

Towards obtaining your EU visa through Golden Visa Program, please contact us at neville@bilimoriaassociate.com or call our office at  +91 44 2823 9229  / 4350 8191 /  2822 7127 / 2822 7222  for consultation or an appointment.

 

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