Portugal

Portugal stands out as one of Europe's most historically significant nations, boasting a rich legacy of global exploration and trade. As a resident of Portugal, you can enjoy visa-free travel to all 27 countries in Schengen Area. This program allows you and your family to live, study and work in a safe environment with excellent healthcare and educational facilities.

The Portuguese Golden Visa Programme offers a pathway to Portuguese and European Union citizenship after five years of residency, requiring you to show basic proficiency in the Portuguese language and genuine ties to the country.

Portugal is family-friendly, and the Golden Visa Programme includes dependants, making it an ideal choice for families looking for a European home.

To qualify, applicants must spend at least seven days in Portugal during the first year and a minimum of 14 days in each subsequent two-year period.

Requirements

Transfer EUR 500,000 in capital to acquire participation units in investment funds (non-real estate collective investment entities) or venture capital funds

Create at least 10 job positions

Make a capital transfer of EUR 500,000 to incorporate a commercial company combined with the creation of five permanent jobs

Transfer EUR 500,000 in capital for research activities carried out by public or private scientific institutions that are part of the national scientific and technological system

Make a capital transfer of EUR 250,000 or more to support the investment or artistic production, recovery, and maintenance of national cultural heritage

Qualifying Dependents

As the primary applicant, you need to be debt-free in Portugal, secure investment capital from outside the country, and verify the legality of your income. You may include your spouse as a dependent, who must also be over 18, possess medical insurance, have a clean health record, and not have a criminal history.

Additionally, you can include dependent of any age, as well as dependent parents aged over 55. Parents over 65 are automatically considered dependents and can be included as well.

Taxation

Portugal imposes personal taxation on non-residents for income sourced from Portuguese employment and pensions at a favorable rate of 25%. Interest, rental income, dividends, and capital gains are taxed at 28%.

Current residents can opt for the Non-Habitual Resident (NHR) tax regime, which may offer greater advantages. Income from sources related to employment, pensions, and business activities may qualify for tax exemptions. However, income from Portuguese sources is taxed at a flat rate of 20%, with potential surcharges.

The NHR regime will no longer be available for new residents after 2023, as the Portuguese Parliament is considering a new Incentivized Tax Status (ITS) to replace it.

Portugal does not impose a wealth tax, and there are no taxes on gifts or inheritances between parents, children, and grandchildren.

Process Overview

The Portugal Golden Visa is a temporary residence permit that lasts for two years from the date it is issued. You can renew it for additional two-year periods as long as you the required criteria.

After five years, you may apply for a permanent residence permit or Portuguese citizenship, if you qualify.

Benefits

Visa-free travel access to the European Schengen Area

Right to live, work, and study in Portugal

Residency within 18-24 months

Low physical presence requirement (seven days in the first year and no less than 14 days in each subsequent two year period)

Attractive taxation system

Investment options from as little as EUR 325,000

High quality of life, fantastic local cuisine and wines, rich culture, mild climate, and a high level of security

Citizenship possible after five years of legal residence

Summary

Portugal still remains the number 1 Golden Visa Programme for people looking to obtain an EU passport.

With the benefit of allowing a Golden Visa holder to change to a passport in as little as 5 years, this remains an excellent option for those looking for citizenship in the EU.

Furthermore, there are excellent investment opportunities that can allow qualification for the Golden Visa as little as 325,000 EUR.