The Portuguese government passed a law in October 2012 to launch the residency by investment program, also known as a golden visa program.
To be able to apply for this program, you should be at least 18 years of age, in good health, and without a criminal record. As this is a residency program, you are required to visit Portugal for 7 days per year in the first 5 years.
In addition, you are required to make a purchase of real estate, make a capital transfer, or create job openings in Portugal.
Benefits
✔️ Freedom of movement
As a permanent resident of Portugal, you are a resident of the European Union, thus you are entitled to freedom of movement in the Schengen area.
✔️ Health & Education
You and your family will be able to study in schools or universities across Portugal and enjoy world-class healthcare.
✔️ Minimal residency required
There are minimal physical residency requirements, you are required to visit Portugal for 7 days per year.
✔️ Pathway to citizenship
By fulfilling minimal requirements, you may be eligible for a Portuguese citizenship after 5 years of holding your residency.
✔️ High ranked passport
The Portuguese passport is ranked in the top 5 passports in the world for ease of travel.
✔️ Ease of travel
Citizens of Portugal can travel visa-free or with visa-on-arrival to over 185 countries and territories including the United States of America, the European Union, Singapore and Hong Kong.
Program requirements
✔️ Main applicant requirements
18+ years of age
Good health
No criminal record
Successfully pass due diligence checks
Confirmed investment sources
✔️ Eligible dependents
Spouse of the main applicant
Children (biological or adopted) under 18 years of age
Dependant parents
*Parents and children older than 18 must be dependent on the main applicant.
Program process
The expected timeframe for the application process is 6 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice.
The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorised agents have no control over. Savory and Partners collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.
Legal basis
Order n. 1661-A/2013 Act n. 29/2012 of August 9, amending Act n. 23/2007 of July 4, laying down the legal framework for the entry, permanence and exit of foreigners from national territory, has provided for a new special legal resident status for the conduct of investment activities in the country.
This amendment allows for shortened residency requirements of 7 days per year for 5 years at the end of which the applicant and family can apply for Citizenship.