Tuesday, 27 September 2022

Steps to Obtain Golden Visa in Portugal

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The expedited visa process to secure resident status in Portugal via investment mode. Although the process is complex, a subject expert may lead the way and bifurcate each step as convenient to the Golden Visa Aspirant:    

        • Pre-requisite Onboarding
        • Make a Qualifying Investment
        • Submit your application



GOLDEN VISA PROCEDURE


In order to apply for a Portugal “
Golden Visa”, an applicant must do the following:
  • Choose an investment route; 
    1. Spend 1.5 Million Euro in Investments
    2. Traditional Investment
    3. Artistic / Cultural Investment
    4. Scientific Investment
    5. Real Estate Investment 

  • Appoint a Portugal tax representative and a taxpayer id number, known as NIF;
  • Open a banking account in Portugal (which can sometimes be done remotely);
  • Transfer from abroad the required amount thereto, which may be done in more than one transfer and from any non-Portuguese territory;
  • Make the required investment from the Portugal banking account;
  • Once all the required paperwork (including that in connection with the investment) is ready, submit the application and the required documentation on the SEF (the borders agency) online portal;
  • Pay the Government initial application fee;
  • Once notified by SEF, schedule and attend the biometrics-collection appointment and submit the original documents;
  • Once the application is approved, pay the Government final permit issue fees (which by law will take up to 90 days); and
  • Receive the residence card.

The Golden Visa is an engaging immigration option, which is not only reliable but a quicker gateway to Portugal. The applicant may enjoy his sole right to a living, working, and studying freely throughout the Schengen zone. ARI applicants hold the right to family reunification, including spouses, Children under the age of 18, Dependent children under the age of 26, provided that they are full-time students and not married, and Parents of the main applicant, if over the age of 65 years old. Along with NHR status, the Visa holder may request a passport after 5 years.

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