Portugal is famous for being the home of Cristiano Ronaldo. However, the famous and popular soccer star is not the only reason the Mediterranean nation is popular. Portugal’s Golden Visa is also a close contender to the soccer legend.
In addition, people love the country for its port wine which is famous the world over. There are also additional reasons that make Portugal a popular nation; not just to visit, but also to reside. Portugal is a stable economy that offers a high standard of living. It has excellent climate, great infrastructure and security among other perks.
A Portugal Golden Visa Guide is necessary for individuals interested in the country. The visa provides a quick means of obtaining citizenship in a European country. As long as you meet the qualifications, you are eligible for a Golden Visa.
How to Obtain the Golden Visa
There are three categories available:
- Invest in any Portuguese property worth at least €500,000. This can be one property or ten. Whichever you choose, it must add up to the minimum amount.
- Invest in an older property that you can restore. This would cost you some €350,000 and must be at least thirty years old.
- Invest in property located in Portugal’s countryside. The cheapest option would go for €280,000. The investment must be rural properties.
Start entrepreneurship programs in Portugal that can create at least ten jobs. Register each employee in Portugal’s Social Security system.
These include investments such as the following:
- Cash transfers of at least €1 million
- €350,000to invest in venture capital from a Portuguese firm that is at least 5-years-old and has headquarters in Portugal
- €350,000 in a Portuguese company and create five permanent jobs for no less than three years
- €350,000 in scientific research
- €250,000 to invest in Portugal’s arts, culture and heritage
Once you meet all the set conditions, you are eligible for a Golden Visa. In five years, you qualify for naturalization which makes you a Portuguese national. This comes with all the privileges of being a citizen of Portugal.