Portugal

Portugal, officially the Portuguese Republic, is a country in southwestern Europe, on the Iberian Peninsula.

The land within the borders of today’s Portuguese Republic has been constantly settled since Prehistoric Iberia or prehistoric times.

During the fifteenth and sixteenth centuries, with its global empire which included possessions in Africa, Asia, and South America, Portugal was one of the world’s major economic, political, and cultural powers. In the nineteenth century, armed conflict with French and Spanish invading forces, and the loss of its largest territorial possession abroad, Brazil, which declared independence unilaterally, disrupted political stability and potential economic growth.

The Carnation Revolution’s coup d’état in 1974, replaced an authoritarian dictatorship with a communist state, while the country granted independence to its overseas territories in Africa. Portugal is a developed country, and although having the lowest GDP per capita of all Western European countries, it has a high Human Development Index and one of the highest quality of life ratings in the world.

Advantages of the
Portugal Golden Visa

7 days first year and 14 days following periods of 2 years

Features

New laws approved by the Portuguese Government open up the possibility of applying for a residence permit to third state Citizens.
This new residence permit seeks to attract new investment into Portugal through the purchase of real estate for a minimum period of five years.
The holders of the residence permit for investors will have the right to family regrouping and may gain access to a permanent residence permit, as well as to Portuguese citizenship in accordance with the current legal provisions. The investor must purchase one or more properties with a value of or above € 500,000 (five hundred thousand Euros). They may also choose to purchase a property in co-ownership as long as each co-owner invests more than € 500,000 (five hundred thousand Euros).
The requisite of purchasing a property can also be demonstrated with a promissory contract with a deposit of or above € 500,000. This means that a residence permit for investment can be applied for with a mere signed promissory contract. The promissory contract must be registered at the Land Registry Office and before renewing the residence permit for investment, the title deeds of purchase and sale must be presented.
A declaration issued by a financial institution is also necessary to prove the transfer of the capital for payment of the deposit in the promissory contract in the amount of or above € 500,000 (five hundred thousand Euros).
The properties purchased can be rented out or leased for commercial, agricultural or tourist exploration.

Investment options

I. Purchase a real estate in Portugal that has a minimum value of
€ 500,000.

Key benefit: you are not restricted as to what property you can purchase as you are in many CBI Programs. Once you have purchased a property, you will need to hold on to it for a minimum 5 years. After this you can sell it if you want, continue to rent it or live in the property yourself.

II. Purchase a property that was constructed at least 30 years ago and is in an area designated under urban rehabilitation. The property must also have an execution order for rehabilitation work. Your minimum investment requirements in this case is reduced to
€ 350,000.

ESTIMATE REAL ESTATE QUOTATION FOR A FAMILY OF 4 (2 minors children under 18)

Real Estate Purchase:

€ 500,000

Registration At The Land Registry Office (Value Approx.):

€ 350

Deed Of Purchase And Sale Or Private Document Authenticated By Lawer:

€ 650

IMT (Depending On The Choice Below*):

€ 30,000

Stamp Tax (Depending On The Choice Below**):

€ 4,000

SEF Process Analysis:

€ 532,70

Issuance Of Residence

Authorization Card Investor:

€ 5,324.60

Authorization Card Spouse:

€ 5,324.60

Authorization Card Children:

€ 5,324.60 (2,662.30 per minor child)

*IMT: 6,5% (Urban Buildings for commercial purposes, land for constructions); 6% (Urban Buildings for housing purposes); 5% (Rustic Buildings).
**Stamp Duty: Rate applicable between 0.3% and 0.5% (Urban Buildings); 0.8% (Rustic Buildings).

As an alternative to real estate investments, you can perform a capital transfer with a minimum of € 1,000,000. You will need to transfer the funds to a financial institution in Portugal such as a bank or credit union. If you want to invest the funds, you can includind the option to invest in Portugese companies.

You can make a minimum investment of € 350,000 in public or private research under the national scientific and technological system.

You can create or invest in a business in Portugal that will create a minimum 10 jobs. The exact amount of investments required will depend on how the jobs will be created.

You can make a minimum capital transfer of € 350,000 for the acquisition of investment units or venture capital funds. This option was added relatively recently but is becoming more attractive as new venture capital funds are entering the market, encouraged by this provision.

You can make a minimum capital transfer of € 350,000 to enhance the share capital of a company that has its registered office in Portugal, so that it creates at least 5 full time jobs for a minimum 3 year period.

You can make a minimum € 250,000 into an artistic production or the recovery or maintenance of national cultural heritage.

FAQS

What is the Portugal Golden Visa and what benefits does it offer?

The Portugal Golden Visa is a program that provides residency to non-EU investors who make qualifying investments in Portugal. Benefits include flexible investment options, low minimum stay requirements, the possibility of permanent residency after five years and nationality after six years, the inclusion of family members without extra investment, freedom to travel within the Schengen area, minimal documentation, and access to Portuguese public services such as healthcare and education.

What types of investments qualify for the Portugal Golden Visa?

Qualifying investments for the Portugal Golden Visa include purchasing real estate worth at least €500,000 or €350,000 in designated rehabilitation areas, transferring a minimum of €1,000,000 to a Portuguese financial institution, investing at least €350,000 in public or private research, creating a business that generates at least 10 jobs, acquiring investment units or venture capital funds with a minimum of €350,000, enhancing the share capital of a company by at least €350,000 to create 5 full-time jobs for three years, and investing at least €250,000 in artistic production or cultural heritage maintenance.

How long does the process take to obtain the Portugal Golden Visa?

The process to obtain the Portugal Golden Visa is relatively quick compared to other programs. After making a qualifying investment and submitting the necessary documents, the residency application is processed swiftly. Typically, it takes a few months for the initial approval, followed by the issuance of the residence authorization cards for the investor and their family members.

What is the scope of services NTL Trust can help you with in Portugal?

NTL Trust offers extensive services in Portugal, focusing on assisting with the Portugal Golden Visa program. We guide clients through the investment options, including real estate purchases, capital transfers, and other qualifying investments. Additionally, they provide support in property acquisition, including legal and tax advice, as well as assistance with setting up businesses and managing investments in Portugal. With 30 years of expertise we can ensure a smooth and efficient transition for clients seeking to establish a presence in Portugal.