Portugal Residency - IPC

Portugal Residency

THE OLDEST EUROPEAN NATION-STATE

PORTUGAL PERMANENT RESIDENCY:

  • Acquisition of Properties above € 500,000
  • 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