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Portugal Golden Visa in 2024 Still Available
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The RIF Trust Response to Portuguese Golden Visa Availability
Our Chief Operating Officer is David Regueiro. He last advised you about the 11 Golden Visa Documents required to apply for Portuguese Residency by Investment. Regueiro is reassured by “the continuing existence of the Portugal Golden Visa in 2024 to provide part of the Residency by Investment offering in Europe.”
“It’s clear that with the impending arrival of EES, European residency is becoming even more valuable” he says. “This has resulted in higher prices for investors.”
“Whilst investing in a new residency is a big decision you shouldn’t rush into, by the same token take too much time and what is available today might not be tomorrow.”
Regueiro sums up: “Applying for a Portugal Golden Visa in 2024 is an investment for now and beyond. You are able to enjoy visa-free access throughout the 29-strong Schengen zone as a Portuguese resident. Looking ahead, you qualify for a highly-prized Portuguese passport 5 years to the day you submit your residency application.”
The Way to a Portugal Golden Visa in 2024
These are the 4 conditions you have to satisfy to get a Portugal Golden Visa in 2024:
- Donate €250,000 to promote artistic endeavour or preserve national heritage (€200,000 in less densely-populated areas)
- Contribute €500,000 public or private scientific research institutions to finance their activities
- Invest €500,000 in Portuguese venture capital funds
- Incorporate a Portuguese company for €500,000 or raise the share capital of an existing business by the same amount
The last investment option requires you to provide 5 new jobs for Portuguese locals. These employment positions are for a minimum period of 3 years.
As the main investor, you have other requirements to meet. They are as follows:
- Be over 18 years old
- Have not been jailed for more than a year
- Be debt free in Portugal
- Fund your investment from sources outside Portugal
- Show the legality of your income
- Have no serious medical conditions
- Own a health insurance policy that protects you and your family when you are in Portugal
Portuguese Golden Visa FAQ
1.) What is a Golden Visa in Portugal?
A Portuguese Golden Visa is one of the world’s leading Residency by Investment Programmes. You receive a renewable residence permit in exchange for a qualifying investment such as a minimum €500,000 investment in Portuguese venture capital funds. In order to renew your Portuguese residency you need to spend at least 7 days a year in the country.
2.) Is the Portugal Golden Visa ending?
There’s always speculation about the future of Residency by Investment Programmes. New ones come and go, but Portuguese Residency by Investment has been a fixture of the investment migration landscape since 2013. 10 years into its existence, however, the Portuguese Parliament toyed with the idea of abolishing it before removing the real estate investment option instead.
3.) Does a Portugal Golden Visa lead to citizenship?
Yes. It can. But this is no automatic qualification. There are conditions to meet, such as an annual physical residence requirement of a minimum 7 days a year in Portugal. The good news is that you become eligible to apply for a Portuguese passport 5 years after you submit those 11 documents rather than 5 years following you becoming a Portuguese resident.
How to Land a Portugal Golden Visa
You’ve come to the right place for advice about investing in Portuguese residency. Consulting a Residency by Investment expert like RIF Trust is your next best course of action. So, contact us now and we’ll show you how you and your family can become the proud holders of a Portuguese Golden Visa.