As a Portuguese buyer’s agent, I have had the privilege of working with clients from all over the world looking to make Portugal their new home. Over the years, I have seen a growing interest in residency by investment programs, a trend that has become increasingly popular among foreign investors looking to obtain residency and potentially citizenship in a new country.
I have personally assisted clients in navigating the complex process of obtaining residency through investment, and have witnessed the many benefits that come along with it. Not only does it offer a pathway to residency and citizenship, but it also provides opportunities for business and investment growth, access to education and healthcare, and the ability to live and work in a new culture.
One of my clients, for example, was a successful entrepreneur from Asia who was looking to expand his business into Europe. Through the residency by investment program, he was able to obtain residency in Portugal and establish a new branch of his business in the country, taking advantage of the favorable tax incentives and business-friendly environment.
Another client was a young family from South America who were drawn to the quality of life and safety of Portugal. Through the residency by investment program, they were able to secure residency and enroll their children in top-rated schools, providing them with a brighter future.
Through my experiences working with clients interested in residency by investment programs, I have gained a deep understanding of the process, the legal aspects, and the benefits that come along with it. In this guide, I will provide you with a comprehensive overview of residency by investment programs in Portugal, offering practical tips and expert insights to help you make an informed decision about your investment in Portugal.
What is residency by investment programs?
Residency by investment programs, also known as Golden Visa programs, are becoming increasingly popular worldwide. This program offers the opportunity to obtain permanent residency or citizenship in a foreign country by investing in real estate, creating a business, or making a financial contribution to the local economy. Portugal is one of the countries that offer such a program.
Portugal’s Golden Visa Program
The Portuguese Golden Visa program was launched in 2012 and has become one of the most successful residency by investment programs in the world. The program offers a fast track to residency in Portugal for non-EU citizens who invest in the country. The investment options include buying real estate, creating a business, or making a capital transfer.
How to qualify for the Portuguese Golden Visa Program
To qualify for the program, you must make one of the following investments:
- Buying a property worth €500,000 or more;
- Buying a property that is more than 30 years old or located in an urban regeneration area, with a minimum investment of €350,000;
- Creating a business that employs at least 10 people;
- Transferring at least €1 million into a Portuguese bank account;
- Investing in research activities, with a minimum investment of €350,000;
- Investing in artistic or national heritage activities, with a minimum investment of €250,000;
- Investing in venture capital funds, with a minimum investment of €350,000.
Benefits of the Portuguese Golden Visa Program
Portugal’s Golden Visa program offers many benefits for investors, including:
- Visa-free travel within the Schengen Area;
- The right to live and work in Portugal;
- The ability to apply for permanent residency after five years;
- The ability to apply for citizenship after six years;
- Low tax rates for non-habitual residents;
- A safe and stable political environment;
- A high quality of life with excellent healthcare, education, and infrastructure.
Can you get US residency by investment?
Are you considering moving to the United States and wondering if you can obtain residency by investment? The answer is yes, it is possible to get US residency by investment through the EB-5 Immigrant Investor Program. In this article, we will explain what the EB-5 program is and how it works, as well as provide practical tips and personal experiences to help you navigate the process.
What is the EB-5 Program?
The EB-5 program is a United States Citizenship and Immigration Services (USCIS) program that allows foreign investors to obtain US residency by investing in a new commercial enterprise. To qualify, an investor must invest a minimum of $1.8 million in a new enterprise that will create at least 10 full-time jobs for US workers. Alternatively, if the investment is made in a designated targeted employment area, the minimum investment amount is $900,000.
How Does the EB-5 Program Work?
To participate in the EB-5 program, an investor must first identify a new commercial enterprise to invest in. This can be either a new business or an existing business that is being restructured or expanded. The investor must then invest the required amount of capital and submit an I-526 petition to USCIS.
Once the I-526 petition is approved, the investor and their immediate family members can apply for conditional residency in the United States. This conditional residency is valid for two years and requires the investor to maintain their investment and ensure that the required number of jobs are created.
After two years, the investor can apply for permanent residency in the United States by submitting an I-829 petition to USCIS. This petition requires the investor to demonstrate that they have maintained their investment and that the required number of jobs have been created.
Personal Experiences and Practical Tips
Obtaining US residency through the EB-5 program can be a complex and time-consuming process. It is important to work with an experienced immigration attorney and investment advisor to ensure that your investment meets the requirements of the program and that your application is properly prepared and submitted.
It is also important to consider the risks associated with the investment. While the EB-5 program offers a path to US residency, there is no guarantee that the investment will be successful. It is important to conduct due diligence on the investment opportunity and to carefully consider the potential risks and rewards before making a decision.
Finally, it is important to plan ahead and be patient. The EB-5 program has a limited number of visas available each year, and the application process can take several years to complete. It is important to have a long-term plan and to be prepared for the challenges and opportunities that come with obtaining US residency through investment.
How do I get permanent residency by investment?
If you are considering moving to Portugal, one of the best ways to obtain permanent residency is through an investment program. Portugal is known for its residency by investment programs, which offer a clear path for non-EU citizens to obtain residency and eventually citizenship in Portugal.
What is Residency by Investment?
Residency by investment is a legal process where an individual or family invests in a country in exchange for residency or citizenship. In Portugal, residency by investment programs require an investment in real estate, business, or capital transfer.
Portugal’s Residency by Investment Programs
Portugal offers several residency by investment programs, including the Golden Visa and the Non-Habitual Resident (NHR) program. Both programs offer a clear path to permanent residency and eventual citizenship in Portugal.
The Golden Visa Program
The Golden Visa program is a popular residency by investment program in Portugal. It requires an investment of at least €500,000 in real estate or €350,000 in real estate located in a designated urban rehabilitation area. The program also allows for investments in capital transfer and business creation.
The Golden Visa program offers several benefits, including the ability to live and work in Portugal, travel throughout the Schengen area without a visa, and access to Portuguese healthcare and education systems. After five years, investors can apply for permanent residency and citizenship.
The Non-Habitual Resident Program
The Non-Habitual Resident program is designed to attract wealthy individuals and retirees to Portugal. It offers a 10-year tax exemption on foreign income, including pensions and investments.
To qualify for the program, individuals must not have been a tax resident in Portugal for the past five years. They must also spend at least 183 days per year in Portugal.
How to Apply for Residency by Investment in Portugal
To apply for residency by investment in Portugal, investors must first select a program and make the required investment. They must then submit their application to the Portuguese authorities and undergo a background check.
Investors must also provide proof of health insurance, a criminal record certificate, and a valid passport. They must also provide proof of the investment and evidence of their ability to support themselves and any dependents.
How much do you have to invest to get a Green Card?
Portugal has become an increasingly popular destination for individuals and families looking to relocate or invest in Europe. One of the ways to obtain residency in Portugal is through its residency by investment programs, commonly known as the Golden Visa program. This program offers a fast-track residency permit for non-EU citizens who invest in the country.
Investment options for a Golden Visa
There are several investment options available for the Golden Visa program, with the most popular being real estate. The minimum investment required for a Golden Visa through real estate is €500,000. The property can be residential or commercial, new or old, and can be rented for additional income. It’s essential to note that the investment must be maintained for at least five years to retain the residency permit.
Other investment options include capital transfer of €1 million or more, creating ten or more jobs in Portugal, or investing €350,000 or more in research activities. These options are less popular due to the high investment amount required.
Additional costs to consider
When investing in real estate for the Golden Visa program, it’s essential to consider additional costs such as taxes, legal fees, and property management fees. Taxes on the purchase of the property can range from 6% to 8%, depending on the property’s value. Legal fees can range from €5,000 to €10,000, depending on the complexity of the purchase process. Property management fees can range from 3% to 5% of the rental income.
Benefits of a Golden Visa
Obtaining a Golden Visa offers several benefits, such as visa-free travel within the Schengen area, access to Portugal’s public healthcare system, and the ability to apply for permanent residency or citizenship after five years. Additionally, the investment in real estate can generate rental income and capital appreciation, making it an attractive investment opportunity.
Ronaldo’s house is an example of the high-end real estate market in Portugal, where luxury properties are in high demand. As a buyer’s agent specialized in providing insightful real estate expertise and impartial advice for foreign clients, it is essential to understand the legal aspects of buying property and property management to provide readers with a reliable and expert perspective on real estate investment in the country. Portugal is a country with a stable economy, a favorable tax regime, and a growing real estate market, making it an attractive destination for foreign investors. With careful planning, expert guidance, and a deep understanding of the local market, investing in real estate in Portugal can be a lucrative opportunity for those seeking to diversify their investment portfolio.
I’ve written extensively about Real Estate Investment. Explore more articles about it:
- Real Estate Investment Cascais
- Real Estate Investment Lisbon
- Real Estate Investment Porto
- Ronaldos House