Many investors around the world are always on the lookout for new investment opportunities. Interestingly, there are opportunities that offer additional benefits on top of making profits. The Portuguese Golden Visa, for instance, offers you citizenship in addition to your investment interests.
The Portuguese Golden Visa 2020 guide spells out the expectations of the program in the New Year. This program grants individuals from all over the world a chance at obtaining European Citizenship. Therefore, if you are not a citizen of any EU or EEA country, or Switzerland, and you are over 18 years of age, you qualify.
Qualification by Investment
Eligibility for the Portuguese Golden Visa is pegged on a few factors. Apart from being a non-EU citizen, you must also be in a position to invest money in Portugal. There is a minimum amount that you are expected to invest.
If you are interested in real estate, for instance, you must buy property worth at least €500,000. You could also opt to transfer funds in capital to the tune of €1,000,000. Hence, it is a substantial amount of money.
However, the benefits you stand to enjoy more than make up for it.
- You are not expected to live exclusively in the country
- You qualify for citizenship after five years of successful investment
- Your immediate family qualifies along with you
- You get to enjoy high-quality education and medical care
- You can invest freely in the country
- You can travel to any of the Schengen countries
- You acquire rights to enjoy the benefits that come with being a citizen of Portugal
The application process is easy and straightforward as the Portuguese Golden Visa 2020 guide expounds. Once you invest, you can be issued with a tax number. Then, you must complete the necessary documentation such as powers of attorney and declarations of your investments. Also, open a bank account.
Submission of documents is done online after which you book an appointment with the immigration authorities. If your application is approved, you will be given a temporary residence card that should last a month. The final approval takes four to six months.
Gaining European citizenry is quite easy with the Portuguese Golden Visa. In addition to becoming a citizen of the EU, you benefit from lucrative investment opportunities. The path to European citizenship couldn’t be easier.