Portugal Residency - IPC

Portugal Residency

THE OLDEST EUROPEAN NATION-STATE

PORTUGAL PERMANENT RESIDENCY:

  • Properties should be valued at €500,000 or more, unless the property is more than 30 years old or in an area of urban renovation. If the property falls into the second category, it only needs to be valued at €350,000 or more. If you are willing to buy a property in a low-density population area, the required value of the property could be reduced by 20% to either €400,000 or €280,000
  • Purchased after 8th October 2012
  • Properties acquired free from any charges or mortgages
  • Minimum stays in Portugal – 7 days the first year & 14 days following periods of 2 years
  • Residency Application made within a maximum of 90 days after entry in Portugal
  • Residency Permit granted for an initial period of 1 year & renewed for periods of 2 years
  • Permanent residence may be granted after 5 years, and citizenship after 6 years
  • Applicants and their families can live, work, study and undertake business in Portugal
  • Access to the Schengen Region can greatly assist business travelers and other people with interests in Europe, with mobility and access to new markets

WHY PORTUGAL:

  • One of the main advantages of being in Portugal is that it’s the closest European country to the United States and to South America, particularly to booming Brazil
  • With close to 300 days of sunshine throughout the year, no snow, and temperatures that never reach the freezing point, Lisbon is a truly blessed city
  • officially has the lowest homicide rate of any European capital and the lowest number of residents who have been victims of any crime in the previous five years
  • Because the Portuguese market has become known for being open to technological innovation, it’s been used by international companies as a test for new products
  • Portugal is the 3rd most peaceful country in the world among 163 countries (Global Peace Index 2017) and ranks 29th of 176 countries in Transparency International (Corruption Perception Index 2016)
  • In 2016, Lisbon was voted one of the 42 cities in the world with the best quality of life, by the Worldwide Quality of Living Survey 2016
  • Lisbon has now climbed to fourth in a global list of the best places to start a new business
  • Portugal offers a strategic location, access to key markets, skilled human resources, competitive costs and top infrastructures

ABOUT PORTUGAL:

  • Official Name: Portuguese Republic
  • A Form of Government: Parliamentary
  • Capital: Lisbon
  • Population: 10,291,196
  • Official Language: Spanish
  • Currency: euro
  • Area: 92,090 km2
  • Education: Spanish education
  • Culture: Mixed culture
  • Environment: Deforestation
  • Health Care: High quality health care (12th Worldwide)
  • Taxation: 28% up to 38 %
  • Tourism: 12th rank world wide
  • Weather: coastal
  • Politics: stable
  • Schengen: yes
  • Religion: 81% of the population of Portugal is Catholic

QUALIFICATION CRITERIA:

  • Valid Passport and Schengen Visa
  • Valid travel document and medical insurance
  • Updated property documents showing ownership of property
  • Proof of means of income and proof of address
  • Accommodation
  • An absence of criminal conviction and of interdiction to enter the country
  • An absence of notice from the Portuguese Immigration Authorities or Schengen Services
  • Declaration from the investor confirming compliance with the investment requirements
  • Proof of legal entry into Portugal (Schengen short-stay visa)
  • Proof of health insurance (issued within the last three months)
  • Criminal record certificate from the country of origin/residence (issued within the last three months)
  • A bank statement for financial investment

START YOUR BUSINESS IN THE EUROPEAN UNION