PORTUGAL
Official Name: República
Portuguesa
Capital: Lisbon
Population: 10 million (1 crore)
Residency Program launched in 2012
20,000 Residency Cards issued till now
Temperature: 17 °C Winter to
27 °C in Summer
5 Billion Euros raised till now under
the Residency Program
Portugal joined as EU member country since 1st 1986
Portugal became Schengen area member since 1995
BENEFITS OF THE PORTUGAL RESIDENCY PROGRAM
-The FASTEST residency program wherein a residency gets converted to CITIZENSHIP
-Minimum residency requirement of two week in total in the 1st/2nd year and three weeks in total in the 3rd/4th/5th year.
-Investments starting from €280,000 to be maintained for 5 years only
-Visa-free travel in Europe. Living in any Schengen country for 3 months in a 6 month period, is permitted
-Option to apply for citizenship in the 6th year
-Same-sex couples are recognized and same-sex marriage is legal
-Portuguese passport can give you visa free travel to 152 countries
INTERESTING FACTS:
-Renewable energy is a big focus.
-Portugal is one of the world's top surf spots. It has a coastline that spans 800 kms.
-Portugal is the home to 15 UNESCO World Heritage sites.
-Portugal is the sixth European country to allow same sex marriage.
-Portugal's colonial empire spanned 600 years and stretched which are now 53 countries.
REAL ESTATE
(Must be held for five years only)
-€500,000+
Purchase of real estate property worth or more
OR
-€350,000+
For property more than 30 years old or located in urban regeneration areas
OR
-€280,000+
For property fitting any of the above requirement, in a low density populated area
INVESTMENT
-CAPITAL TRANSFER of €1,000,000 in a Portuguese financial Institution over a period of 5 years
OR
Invest €350,000 in investment funds or in venture capital geared for small and medium companies
(must be held for 7 years)
OR
Donate €350,000 in scientific research activities
OR
Donate €250,000 investment in arts and culture
JOB CREATION
Create at least 10 full time jobs
SHIFT TO PORTUGAL WITHIN 9 MONTHS BY INVESTING
€280,000 FOR FIVE YEARS
QUALIFICATIONS
PERSONS ELIGIBLE TO APPLY
-Applicant- should be above 18 years of age
-Spouse of the applicant
-Children under 26 years of age
-Parents of the main applicant and/or spouse, over the age of 65
-Be of outstanding character
-Have excellent health
-Hold no criminal record
-Have a high personal net worth
Q : For how many years is the residency card valid?
A : It is issued for 2 years and subsequently for a period of 3 years
Q : For how many days can I stay in Schengen and UK?
A : 90 Days out of 180 days every year
Q : After how many years of residency will I be eligible to apply for a Portuguese citizenship?
A : After only five years, you are eligible to apply for a Portuguese citizenship
Q : Will I need to have a visa to travel to any of the Schengen countries?
A : You may travel visa free and no registration is required for crossing borders
Q : Can I sell my property after I attain permanent residency or acquire the citizenship?
A : You can sell your property after you have acquired any of the above status
Q : Do I need to reside in the country and know the language?
A : It is not required to stay in the country on a continuous basis but a visit once for the bio metrics before applying for residency is required. A two week total stay in the 1st/2nd year and a three week in total stay in the 3rd/4th/5th year is mandatory. Knowledge of Portuguese language till A2 level is required when applying for a permanent residency or citizenship.
Q : In what cases can my application be rejected?
A : The below reasons can cause application rejection:
-By providing false information
-Existence of outstanding conviction or criminal proceedings for serious criminal offenses in any country of the world
-If the applicant poses a potential threat to public order, national security or the reputation of Portugal or any other country
Q : What happens in case of concealment of information or false data has been provided?
A : An applicant shall not pass the due diligence test and the application shall be rejected. An investor can be deprived of the citizenship, if the status was obtained by submitting false information, fraud or concealment of actual information
F.A.Q.
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