Portugal Golden Visa Program: discover what only the top, expert visas & immigration lawyer in Portugal know about portugal golden visa program
The most common route of acquiring a golden visa in Portugal is through buying a property. The advantage of this option is that the property can be rented out or operated for commercial, agricultural or tourism purposes. It is important to note that due to a recent change in the Portuguese immigration law in 2020, the initial residence permit that was valid for one year is now valid for two. Likewise, the renewal permit became valid for three years instead of two.
Acquiring the golden visa is a straightforward process once you have all the required documents to hand, however there are some particular aspects of the application process of which investors need to be mindful. For instance, the transfer of funds to buy the property needs to come from an authorised Portuguese credit institution. If you transfer from your overseas bank account directly to the seller’s account, you could put the whole application in jeopardy.
After you have been granted the golden visa, the obligations are minimal: maintain the property for at least five years from the date of issuance of the residency title and stay in the country for an average of 7 days a year.
After 5 years of holding a golden visa, you can apply for Portuguese citizenship.