Since the inception of the program back in 2012, there have been twelve thousand two hundred and fifty four Portuguese Golden residency permits issued to the family members of the investors. The data which had been collected until the month of February of 2019 has demonstrated that the property is the preferred investment for the Portuguese Golden Visa program, with a total investment amounting to three billion nine hundred eighty two million five hundred seventy one thousand seven hundred and twenty four point forty five Euros – 3.982.571.724,45€ – in the property of the country of Portugal.
The Portuguese Golden Visa allows the investor and their dependent family – children and parents – to obtain a residency permit in the country of Portugal for twelve months after which it is renewable on a two year cycle basis. In order for one to qualify for the renewal they simply have to spend a minimum of seven days a year
in the country of Portugal. The Portuguese Golden Visa allows its holder to travel freely across Europe within the Schengen Zone. The citizens from the countries of Russia, China, South Africa, Brazil, and Turkey, have been the most represented investors in the Portuguese Golden Visa residency permit program.
The most attractive part of the Portuguese Golden Visa program is that after five years one can apply for permanent residency within the country of Portugal, and after those five years they may also apply for citizenship. The basic requirements to qualify for the program are the initial investment, a clean criminal record, as well as the ability to spend a minimum of seven days in the country of Portugal each year. The low requirement of stay in the country of Portugal for the purposes of gaining eligibility for the program has become the most attractive part of the Portuguese Golden Visa program and has made it the most popular option of such category in Europe.
Once the residency has been granted the holder of the Portuguese Golden Visa will have the right to live, study, and work anywhere within the EU, and once the citizenship has been granted they will become a European citizen and will have the absolute same rights as anyone else in the country of Portugal.