Saturday, 25 September 2021

Golden Visa/ARI- Portugal (Residence permit for investment activity)

What is Golden Visa?

Golden Visa is generally known as ARI- Resident Permit for Investment Activity. This visa was started in October 2012 in order to allow third country nationals to secure a temporary resident permit in Portugal to have the following benefits in the basket.

Benefits:

  • Possibility to receive a resident card in 6 months of time.
  • Eligible to apply for Portuguese Citizenship or Naturalisation after 5 years.
  • Can visit all the countries of Schengen zone for 90 days.
  • The entire family is eligible for residency.
  • Stay Criterion: 7 days for 1st and 14 days for each subsequent 2 years.
  • Eligibility to seek benefits under Non-Habitual Resident (NHR) tax regime.

Investment/ Eligibility: 

All third-country citizens who conduct an investment activity, as an individual business person (sole trader) or through a company set up in Portugal or in another Member State and who, in addition, are settled well in Portugal, provided these applicants fulfill the quantitative requirements and the time requirements set out by the relevant legislation.

  • Creation of 10 jobs.
  • Real Estate: 500,000€
  • Rehabilitation Real Estate: 350,000€
  • Commercial Organisation: 350,000€
  • Portugues Bank Account Capital Transfer: 1,000,000€

Book Consultation with our advisor   

 

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Thursday, 23 September 2021

Portugal TRC- What is Portugal Temporary Resident Card?

 A trend has been seen in South Asian Countries that immigrants are coming over to Portugal with Schengen visas and later applying for the resident card. Our experts received several queries each day, enquiring about the same, I am describing a few pros and cons of this style of the immigration process.

Portugal Immigration does not recommend that migrant workers go beyond the immigration protocols and enter the country with other intentions. 

But if you are already in Portugal as a tourist? 

There can be chances that you came to visit the country but now you liked it so much in several aspects and now wants to live here. Of course, living here is not the only condition, one has to work to meet his daily expenses. 

Immigration Law sections 88 and 89 describe two situations where volunteers can ask for a resident permit:

  • Section 88: Submit Manifestation of interest as a  Subordinate Worker

Before submitting manifestation of interest you need to secure some documents. 

Our Team at Portugal Immigration Affair is lead by expert immigration attorneys and the process can be started by booking a consultation with us through our WebsiteFacebook, and/or Whatsapp. 

  • Section 89: Submit Manifestation of Interest as an Independent Worker/Freelancer
        Before submitting a manifestation of interest you need to register your company give objectives for the company and proving a viable plan for the business. 

Check Your Eligibility for Temporary Resident Card

Advantages: 

  • Right to live in Portugal
  • Right to travel Schengen zone
  • Good average wages are comparable to South Asian Countries
  • Free Education Benefits
  • Access to Health Benefits
  • Access to Social Benefits
  • Right to invite dependants, direct blood relatives, and in-laws
  • Requesting Permanent Resident Card after 5 years

Although the process is complicated, with the right approach this can be handled step by step with the help of immigration experts. Our Team at Portugal Immigration Affair is lead by expert immigration attorneys and the process can be started by booking a consultation with us through our WebsiteFacebook, and/or Whatsapp. 


Disadvantages: 

  • The process is lengthier and can take 18 to 24 months to complete. Meanwhile, if your visa is expired, you have to stay here until the time your process is pending, as your current situation does not allow you to cross the borders.
  • The resident card request can be denied in the last if you failed to meet the eligibility criteria after investing 2 precious years of time.

If the request got denied at SEF, you can start appealing. We are the law firm to take necessary actions in this regard.


 You can ask the immigration attorney to visit SEF on the day of biometric on prior confirmation.







Essential Requirements for Portugal Visa

Necessary documents required for Portugal Visa vary from country to country depending on Nationality and the Visa type to meet your requirements. If you don't know which Visa type suits your profile depending on your education, work domain, business terms, sports activity, internship/trainee, retirement, religious activity, and a few more, our team of experts will help you to understand the process.


Check Your Eligibility Here: Kindly fill the form of your interest and submit a response.

www.portugalimmigrationaffair.com


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