Golden Visa

Golden Visa

Clara Isabel Leite & Lawyers offers, in addition to the necessary legal support from the SEF, legal advice on the purchase of real estate for real estate investment, and keeps track of obtaining the Golden Visa under the conditions described above.

Why invest in Portugal? For many reasons!

The Golden Visa is a temporary residence permit for entry and stay in Portuguese territory for investment purposes, effective since 2012.

The Golden Visa or Residence Permit for Investment Activity (ARI – so defined by law) allows non-EU citizens or the Schengen area to obtain a temporary residence permit for investment activity with a visa waiver. Residence to enter Portugal.

WHO MAY REQUIRE?

Any national of a third State who carries out at least one of the following investment activities in national territory:

Ownership:

- Acquisition of immovable property of € 500,000.00 or more;

- Acquisition of immovable property, the construction of which has been completed for at least 30 years or located in an urban rehabilitation area, with rehabilitation works for real estate acquired, equal to or greater than € 350,000.00.

Transfer of capital:

- Amount equal to or greater than € 1,000,000.00;

- Capitalization of SMEs – Acquisition of units of investment funds or venture capital aimed at the capitalization of small and medium-sized companies that, for this purpose, present a capitalization plan that proves to be viable – € 500,000.00;

- Financing of research activities carried out by public or private scientific research institutions, integrated into the national scientific and technological system- € 350,000.00;

- Financing of Art and Culture – investment or support for artistic production, recovery or maintenance of the national cultural heritage – € 250,000.00.

Creation of at least 10 jobs (no minimum amount of investment required) in any business area.

- The minimum quantitative requirements may be carried out individually or through a sole shareholder company based in Portugal or in an EU Member State and having a permanent establishment in Portugal.

- The above requirements must be fulfilled at the time of application for a residence permit.

- Absence of conviction for a crime that in Portugal is punishable by deprivation of liberty for a term of one year or more;

- Is not in the period of prohibition of entry into national territory, following a measure of removal from the country;

- No indication in the Schengen information system;

- No indication in the SEF’s integrated information system for non-admission;

- Maintenance of the investment activity in Portugal for a minimum period of 5 years, counted from the date of granting the residence permit.

DURATION OF THE GOLD VISA:

The residence permit is granted for an initial period of 1 year and may be renewed for periods of 2 years (fulfilling the award requirements).

Minimum length of stay

For the purposes of renewing a residence permit, the said citizens must comply with the following minimum stay periods:

a) 7 days, followed or interpolated, in the 1st year;

b) 14 days, followed or interpolated, in the subsequent periods of two years.

FAMILY REUNIFICATION

Citizens residing in the national territory, holder of the Residence Authorization who wishes to benefit from the right to family reunification, shall submit their application to the SEF, which must contain the identification of the applicant and the family members to whom the application relates.

The Family Reunion application can be formulated simultaneously with the ARI grant of the investor, but will always be conditioned to the granting of this.

- The spouse;

- The minor or incapable children in charge of the couple or one of the spouses;

- Minors adopted by the applicant when he or she is not married by the applicant or the spouse, by decision of the competent authority of the country of origin, provided that the law of that country recognizes the adopted rights and duties identical to those of natural filiation and that the decision Recognized by the Portuguese legal order;

- The oldest children, dependent on the couple or one of the spouses, who are single and are attending an educational establishment, irrespective of the country in which the latter is situated;

- The ascendants in the straight line and in the first degree of the resident or his / her spouse, as long as they are in charge;

- The minor siblings, provided they are under the custody of the resident, according to the decision given by the competent authority of the country of origin and provided that this decision is recognized by the Portuguese legal order.

GOLDEN VISA – GOVERNMENT FEES

SEF Information:

- Application fees – Investor – 517.40 Euros

- Membership fees – Family members – € 80.60

- Approval rates – 5,173.60 Euros

- Renewal fees – 2,586.80 Euros

The official table with these rates can also be found on the SEF website.

GOLDEN VISA ADVANTAGES

- To enter Portugal with exemption of residence visa;

- To reside and work in Portugal;

- Circulate through the Schengen area, without visa requirements;

- Benefit from family reunification;

- Request the granting of Permanent Residence Authorization under the Foreigners Law (Law no. 23/2007, of July 4, with the current wording);

- Possibility of requesting the acquisition of Portuguese nationality, by naturalization, fulfilling the other requirements required by the Nationality Law (Law no. 37/81, of October 3, with the current wording).

CLARA LEITE - ATTORNEY
CLARA ISABEL LEITE & LAWYERS

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