Portugal Residency – IPC

Portugal Residency

THE OLDEST EUROPEAN NATION-STATE

PORTUGAL PERMANENT RESIDENCY:

Investment options
Property Investment Options
  • Applicants may acquire property valued at least €500,000.
  • Applicants may acquire property valued at least €350,000 for properties more than 30 years old or located in urban regeneration areas designated for refurbishing.
  • Acquisition of property fitting any of the above requirements with 20% reduction on the minimum amount of investment, if purchased on a low-density population area (€400,000 or €280,000).

Capital Investment
  • Applicants may invest a minimum of €350,000 in research activities.
  • Applicants may invest a minimum of €250,000 in the arts or in the reconstruction or refurbishment of national heritage projects.
  • Applicants may invest a minimum €500,000 euro for research activities of public or private entities that are part of the national scientific and technological system.
  • Applicants may invest a minimum of €500,000 for shares in investment funds or venture capital that is registered in Portugal, creating, or maintaining a minimum of five permanent jobs for a period of three years.
  • Applicants must create 10 or more jobs or eight new jobs in a low population density area.
    *A low population density area is defined as less than 100 inhabitants per km² or with a GDP per capita below 75% of the national average. Capital transfer
  • €1.5 million-minimum capital transfer into a Portuguese bank account or approved investments.
    *A low population density area is defined as less than 100 inhabitants per km² or with a GDP per capita below 75% of the national average.

Benefits of Permanent Residency Program
  • Visa-free access within the Schengen zone.
  • Golden Residence Permit Program in Portugal grants the right to live, work and study in the country.
  • No physical presence required to keep residence.
  • Low Minimum Stay Requirements: 7 days during the first year and 14 days during each subsequent 2 years of residence.
  • After 5 years of living in the country, you can apply for citizenship.
  • Dual citizenship is perceived in Portugal.
  • The right to study in any of the Schengen countries.
  • The right to obtain Portuguese Permanent Residence after five years from the date of obtaining residence permits.
  • The residence permit can be renewed indefinitely every 5 years, without any stay requirements, if you maintain your investment.
  • No taxes are charged on income for the first 10 years.
  • Access to the Portuguese healthcare system.
  • Varieties of options for investment, bank deposit, Governmental bonds, or real estate.
  • Excellent international and Portuguese schools and universities.
  • The main investor applying for Portugal’s Golden Visa program can include:
    • A spouse or partner.
    • Unmarried children under 18 years old.
    • Dependent children over 18 years old, if they are unmarried and enrolled in full-time education.
    • Dependent parents of either spouse or partner, over 55 years old. And no need to provide evidence of dependency if they are over 65 years old.
    • Siblings under 18 years old of either spouse or partner if legally under their supervision.

WHY INVEST IN PORTUGAL:

  • EU member since 1986.
  • Member in Schengen countries 1991.
  • The best climate in Europe.
  • Portugal’s beaches and coasts are the most stunning in Europe.
  • The cost of living is undeniably low.
  • One of the most family-friendly countries in Europe.
  • English is widely spoken.
  • High quality of life, local cuisine and wines, rich culture, mild climate, and a high level of security.
  • The capital city of Portugal is a captivating place, historical cobblestone streets and memorable eateries.
  • Festivals and Carnivals throughout the year.
  • Portugal ranked 12th overall in the Tourism Competitiveness Index and even ranked first in the Tourism Infrastructure category of the 2019 Tourism Competitiveness Report.
  • Tourists visit the country to see cities, historic landmarks, enjoy beaches and religious sites.
  • The economy of Portugal is ranked 34th in the World Economic Forum's Global Competitiveness Report for 2019.
  • Portugal is ranked 22nd among 45 countries in the Europe region stability.
  • In 2021, the World Index of Healthcare Innovation ranked Portugal third for patient care and medical infrastructure.
  • It has a relatively high-quality level of public education across all levels.
  • It is ranked as the 3rd safest country in the world by the Global Peace Index in 2020.
  • Portugal maintains the 5th position in the ranking of the most valuable passports in the world.

ABOUT PORTUGAL:

  • Official Name: Portuguese Republic (Republica Portuguesa)
  • Form of Government: Semi-Presidential Democracy
  • Capital: Lisbon
  • Population: 10,28M
  • Official Language: Portuguese
  • Currency: Euro
  • Area: 92,212 km2
  • Education: Portuguese - Pre-School education, basic education, upper secondary education to High education - Free & Compulsory
  • Culture: Predominantly Roman Catholic –Mixture of Influences: Celtic, Lusitanian, Phoenician, Germanic, Sephardic Jewish, Viking etc.. - Artistic, Historical Heritage, - Traditional Folklore (Ranchos Folcoricos) Music, Drama and dance
  • Environment: 2500 to 3200 hours of sunshine/year - Air and Water Pollution - Mountainous
  • Health Care: Public and Private - High Standard Healthcare
  • Taxation: 14.5-48%
  • Tourism: Major tourist Destination serving millions of international and domestic tourists
  • Weather: Mediterranean
  • Politics: stable
  • Schengen: Member
  • Religion: Christianity- Small communities of diverse religion

QUALIFICATION & INVESTMENT CRITERIA:

  • Sales/ purchase contract in relation to the investment option selected.
  • Proof of source of wealth: documents providing from where the wealth has been derived.
  • Proof of source of investment funds: supporting with bank statements for last 12 months, owned properties contracts, etc.
  • Proof of annual income – Audited accounts for business owners, HR letter, bank account interest, rental contracts, etc.
  • Provide proof that investment funds originate from abroad.
  • Two passport photographs.
  • Valid passport.
  • Marriage certificate.
  • Travel insurance to cover you for the Schengen area.
  • Proof of having obtained health insurance valid in Portugal.
  • You must be over the age of 18.
  • You must have no history of criminal records.
  • You must commit to maintaining the investment for at least five years (Sworn statement).
  • Fill out the official Portugal visa application form.
  • Proof of paying all the government fees.
  • Before you can finalize your investment, you will need:
    • A Portuguese tax number at the local office for Tax and Customs Authority.
    • A bank account opened in any trusted financial institution in Portugal.
  • The Portugal Golden Residence Permit Program requires the main applicant to make two trips to Portugal during the application period:
    • To choose the qualifying investment, start the legal process, and open a bank account.
    • To provide the biometric data and original documents.
  • After the residence permit has been received, the client will need to provide biometric data and updated original documents at each renewal.
  • The process to acquire a Portuguese residence permit through investment takes 3-6 months.
  • All documents submitted should be translated by a certified translator either in English or Portuguese as requested.

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