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Portugal Residency Program, also known as Portugal Golden Visa is one of the most popular residency programs in the world. As the Portuguese government decided to make some changes to the program and changed the application process due to Covid-19, our team of immigration experts decided to prepare an overview of the latest rules and regulations. Find out what you need to know to apply for Portugal Golden Visa in 2021 below.
At the moment, the government of Portugal decided to digitalize the whole visa application process, which makes the application faster and more convenient. Besides, this gives the program advantage over other European programs.
From 1st January 2022:
The Portuguese Residence Permit Program or Portugal Golden Visa, grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include creation of at least 10 jobs via investing into business; investment of €1,000,000 or purchase of real estate within a range of €280,000 – €500,000, depending on where it was built.
Portugal boasts an excellent reputation and is considered one of the world’s most globalised and peaceful nations. The country offers high quality of life and one of the highest Human Development Index ranking. Portugal is among the oldest nations in Europe and country offers rich history, exceptional local cuisine, lively culture, stunning rocks and beaches, and peaceful countryside.
The Portugal Golden Visa Residence Program, requires at least four trips to Portugal during the five-year period: 2 should be done at the initial application (to choose the qualifying investment option and to start the legal process and at each renewal (year 1 and year 3). Alos, the family reunification is possible at any stage of the program.
Portugal residency by investment program grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program requires only 7 days a year visit to Portugal in a 1 year and 14 days visit during each subsequent 2 years to keep the permit. Portugal residency allows the whole family to travel without a visa to all Schengen Zone countries and gives access to high-standard education.
Possibility to earn income on your overseas wealth – tax-free, or at a preferential rate of tax.
Dispose of your overseas assets tax efficiently or using tax exemptions.
Protection and growth of overseas wealth in a tax-efficient/tax free white listed jurisdiction.
Opportunity to pass on your wealth without inheritance or gift taxes (including to the family members like children and/or spouse).
Possibility to enjoy retirement without tax on the overseas pension.
Flat rate of tax of 20% on the salary received in Portugal.
Full Support with our Immigration Advisers & Property Consultants:
Property search based on your requirements (from residential properties to high-value luxury developments)
Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).
For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at email@example.com or call +44 207 993 63 46.
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