Migration, Residency & Citizenship

PortugalResidency By Investment

portugal-residency-by-investment

Overview

The Portugal ‘Golden Visa’ or Residency by Investment (RBI) Program, incepted in 2007, allows foreigners to obtain the Portuguese residency in exchange for investment.

In September 2023, the Portuguese Parliament re-voted to reform the program, eliminating the Real Estate and Capital Transfer investment options. However, following investment avenues remain available:

  • Investment in a company that creates at least 10 jobs;
  • Investment in research and development;
  • Investment in artistic production or cultural heritage;
  • Investment in the qualifying funds;
  • Investment in a commercial venture that creates at least five permanent jobs.

Each option has a set threshold, varying from EUR 250,000 to EUR 500,000.

Importantly, a twenty percent discount is applicable for the first three options if the investment is made in low-density areas (regions with less than 100 people per square kilometer or a GDP per capita below 75 percent of the national average).

Family Inclusion

Main applicants for the Portugal ‘Golden Visa’ program can include spouse or partner, children under 18, and dependent children over 18 if studying or financially dependent. They can also include parents over the age of 65 (or younger if financially dependent) of the main applicant and the spouse in the RBI application. Moreover, the Portugal ‘Golden Visa’ can also be extended to dependent siblings under the main applicant’s guardianship and other relatives, if certain dependency requirements can be proven.

Benefits

Visa-free travel

Visa free access to Schengen Zone for three (3) months within a 6-months period.

Simple and Fast Procedure

Attaining the residency in Portugal typically takes around 3-6 months. No interview or language test, and education or managerial experience required.

Pathway to Citizenship

After five (5) years of residency, a Portuguese “Golden Visa’ holder becomes eligible to apply for citizenship.

Legally ensured

Since 2012, the Portugal ‘Golden Visa’ program is operational in compliance with the Portuguese legislation and benefits from government guarantees.

Healthcare & Education

Access to premium healthcare and education after getting a residence permit in Portugal.

High Living Standards

Residents in Portugal enjoy secure environment and high-quality lifestyle.

Investment Options

The Portugal ‘Golden Visa’ or Residency by Investment program offers the following investment options:
Business investmentCreation of at least 10 jobs
Investment in research and development at public or private research institutions integrated into the national scientific and technological systemEUR 500,000
Investment in artistic production, recovery or maintenance of Portugal’s cultural heritage (includes film production)EUR 250,000
Investment in qualifying investment funds focused on capitalizing Portuguese companies. Funds must have a maturity period of at least five years and allocate at least 60% of their investments to commercial companies based in PortugalEUR 500,000
Investment in a Portuguese commercial venture that leads to at least 5 permanent jobs creation, or maintenance of at least 10 jobs for a minimum period of three yearsEUR 500,000

Important notice: If investment is made in a low population density area, a 20% discount is applicable to all the aforementioned thresholds.

Applicable Fees

Along with qualified investment applicants for the Portuguese ‘Golden Visa’ program have to cover the following fees:

Fee per applicant USD 500
Due diligence fee for main applicant USD 7,500
Due diligence fee for any dependent above 16 USD 4,000
Application forms per applicant USD 250
Passport fees USD 300

Application Process

Bayat Legal Services’ compliance team will conduct an internal due diligence check, which entails a background security screening of the applicant, Preparation of KYC (Know Your Client) and a qualification assessment.
Bayat Legal Services will meticulously analyze the client's application. Once this is done, the client will proceed to sign a retainer agreement with the firm. Subsequently, Bayat Group experts will create a detailed checklist and expert guidance for collecting documents. Our experienced advisors will compile all required documents, prepare the residency application, and ensure compliance.
The application for the Portuguese Golden Visa, along with all the necessary documentation, will be submitted to the pertinent Portuguese authorities.
Applicants will choose their preferred investment option and open a bank account in Portugal to streamline future financial transactions related to the application.
The processing time for the application may vary, but upon approval, applicants will receive a residency permit enabling them and their family members to live and work in Portugal. It's important to monitor the expiration date of the residency permit and renew it accordingly.
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