Residency Program Overview
The Portuguese government enacted a law in October 2012, introducing the Residency by Investment Program, commonly known as the Golden Visa program. Eligibility for this program entails being at least 18 years old, in good health, and having a clean criminal record. As it is a residency program, applicants must visit Portugal for 7 days per year during the initial 5 years. Additionally, applicants are obligated to fulfill one of the following requirements: make a real estate purchase, execute a capital transfer, or create job openings in Portugal.
Eligibility & Benefits
Are you 18 or above, in good health, and have a clean record? That's the first step. We'll guide you through due diligence checks and help confirm your investment sources. Your eligible dependents include your, parents, spouse and adult children under 18 years of age, whether biological or adopted (Parents and children older than 18 must be dependent on the main applicant).
- Freedom of Movement: As a permanent resident of Portugal and a resident of the European Union, you enjoy the privilege of freedom of movement within the Schengen area.
- Health & Education: Access high-quality education in schools or universities throughout Portugal and benefit from world-class healthcare services for yourself and your family.
- Minimal Residency Required: While there are minimal physical residency requirements, you need to visit Portugal for a minimum of 7 days per year.
- Pathway to Citizenship: By meeting the minimal requirements, you may become eligible for Portuguese citizenship after holding residency for 5 years.
- High Ranked Passport: The Portuguese passport is esteemed, consistently ranking among the top 5 passports globally for ease of travel.
- Ease of Travel: Portuguese citizens enjoy visa-free or visa-on-arrival travel to over 185 countries and territories, including the United States of America, the European Union, Singapore, and Hong Kong.
Time frame & Legalities
The anticipated duration for the application process is approximately 6 months, with the initial document collection stage varying based on the applicant's efficiency. Our team facilitates this process, offering samples and best practice advice. The review stage aligns with the Government's schedule and may be influenced by external factors beyond our control as authorized agents. Throughout the entire process, Baytify collaborates closely with the Government, striving to ensure the quickest and smoothest experience for the applicant.
Order n. 1661-A/2013 Act n. 29/2012 of August 9, amending Act n. 23/2007 of July 4, establishing the legal framework for the entry, permanence, and exit of foreigners from the national territory, has introduced a new special legal resident status for investment activities in the country. This amendment allows for reduced residency requirements of 7 days per year for 5 years, after which the applicant and their family can apply for Citizenship.
