Golden Visa Portugal 500000- Get Permanent EU Residency (5 Years)
What does purchasing a property worth €500,000 in Portugal mean for a foreigner? Such an investment could be your ticket toward obtaining full EU residency. Launched in 2012, the golden visa program is intended to allow foreigners to gain access to Portugal as residents and eventually attain citizenship if they want to.
There are various ways to get the golden visa, but so far, the golden visa Portugal 500,000 has proved the most popular. Here is how you can get the visa through this route as a non-EU foreigner looking to move to or access the EU more freely:
Golden Visa Portugal 500000 In A Nutshell
Prior to 2012, foreigners did not have many options when it comes to moving to Portugal or purchasing a property. The sitting government saw the need to attract foreign direct investment faced with a slowing economy and a slumping property market. This led to the introduction of the golden visa Portugal program.
In a nutshell, the golden visa Portugal 500000 guarantees you a five-year golden visa. You will be awarded a residency card that allows you to live, work and invest in Portugal. For those who would prefer to stay elsewhere, this is yet another opportunity to invest in a stable country and have unrestricted access to your investments as well.
How Do You Access the Golden Visa Portugal 500000?
Anyone who isn’t an EU citizen is allowed to buy a property through the golden visa Portugal program. For property purchases (houses, commercial real estate, land), you must make a €500,000 investment to be eligible for a five-year golden visa. You can purchase any type of property in any location in Portugal apart from Porto and Lisbon that are currently under review.
Who Should You Approach to Buy Golden Visa Eligible Property?
A majority of property purchases are done through a local real estate agent or “imobiliaria” as they are referred to locally. They will guide you on the best property in the market, how to handle the paperwork, and prepare your purchase documents to be presented to immigration authorities for the golden visa Portugal 500000 program. All the best!