An investment of €500,000 in any type of real estate and anywhere in Portugal (reduced to €400,000 if it is located in a low-density area) will gain a residency permit for a family including dependent children. The permit can be renewed every two years providing the applicant spends two weeks in the country every two years.
Those who hold a Portuguese Golden Visa are entitled to:
- live and work in Portugal, provided they reside in Portugal for a minimum of seven days in the first year of residence and 14 days in each subsequent year.
- Visa-free entry to Schengen area countries.
- Family reunion, meaning certain family members can also get Portuguese residency.
- Access Portuguese healthcare and education.
- Freely invest in Portuguese property.
Launched in 2012, the “ARI” (“Autorização de Residência para Actividade de Investimento”) is the Golden Visa in Portugal and one of Europe’s most successful residency-by-investment programs.
Under this program, a non-EU citizen can make a qualifying investment in Portugal and be granted a Portuguese residence permit for themselves and immediate family members.
The Portugal residence permit program offers a real estate investment route to gaining residency and potential citizenship.
Process time: The investor needs to budget 3-6 months for the issucance of the final residence permit
Spouse or legal partner; Children under 18 years of age; Dependent children under 26 as long as they are unmarried and enrolled as full-time students; Parents of either spouse if over the age of 66 years old (or 55 and dependent); and/or Siblings under the age of 18 years from either spouse or partner if legally responsible.
Buying real estate in Portugal attracts certain taxes, stamp duty and fees. Investor should budget a 10% of the total investment..
