All You Need to Know About Golden Visas Portugal

What is the Portuguese Golden Visa Program?

It is a program that enables you to enter Portugal by investment. You have to invest some money into the country to get a residence permit as an investor. The application process involves checking out different investment options and choosing the best.

There are many with varied capital requirements. So, you need to examine the investment and consider the minimum capital required for it. Some include financing scientific research of any accredited education institution, donating to cultural development, and creating 10 or more full-time jobs.

After getting proof of investment, you submit it to the immigration office together with your application and wait for consideration.

Who Qualifies for the Investment Program?

Persons who are eighteen and above years old qualify for the golden visas portugal program.  Anyone below 18 is considered a minor and can’t apply for it. Also, you should be living outside the EU because the visa gives you access to Portugal and its neighboring countries.

Best of all, the main applicant is allowed to include his or her dependents in the application. So, any underage person can be included as a dependent. You can relocate to Portugal with your children and parents through the investment program as long as you have met all the requirements.

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Can I Apply for Permanent Residence through the Program?

All golden visa successful applicants are eligible to apply for citizenship. But you should have stayed for at least five years. You can then submit your application for becoming a permanent resident of Portugal.

However, your criminal record is important during this process because it should be clean. If you have been a bad resident for five years, you may be denied citizenship. Also, if you have a poor criminal record in your home country, it may have an impact on your application. Additionally, you have to ensure that you haven’t defaulted on tax payments in the country.

What Are the Benefits Associated with the Portuguese Golden Visas?

Getting golden visas portugal is great because it is associated with overwhelming benefits. First, you get a golden chance to live, work, and study in the country.  Remember, Portugal is a developed country with high standards of living. So, residing in it enables you to live an improved or good life.

Moreover, the country’s education system is top-notch. It features world-standard education facilities. Considering it for your studies helps you to get internationally recognized certifications that enable you to work in most countries in the EU and globally.

Furthermore, Portugal offers many employment opportunities and this explains why it has a lower unemployment rate. They also pay good salaries that enable residents to manage the cost of living. So, a golden visa is your key to enjoying all these benefits.