Portugal is a country in southwestern Europe, bordered by Spain and Atlantic Ocean. The 92.212 Km2 country has approximately 10.3 Million people and is an EU member state since 1st January 1986. Portugal with fantastic cultural heritage, food and climate is one of the most popular destinations for the tourism.
The Portuguese ‘Golden Visa’ program serves to grant foreign investors a right of residence in Portugal, enabling them to enter, live, work or study anywhere in the country and drawing a clear path to the citizenship. Initially, successful applicants are given residence permit valid for one year, which can be renewed for two successive periods of two years. After 6-year of residency, an application for citizenship can be filed.
To be admissible for Portugal’s ‘Golden Visa’ program, the applicant must either purchase a real estate with specific value thresholds, or make other types of investment, including financing a business or capital transfers. The investment must be maintained for a minimum of 5 years from the date the residency permit is granted. The real estate property can be rented out.
Applicants are required to make 4 trips to Portugal during the five-year residency period. First two visits to start legal process, make investment and provide biometrics, then two times for renewals of the residency permit. There is no language, educational or managerial experience requirements for program participants.
- Visa-free access to the EU Schengen Area and right to settle and have a business in Portugal.
- Eligible for the Portuguese citizenship after 6 years.
- Family inclusion.
- Access to premium healthcare and education.
- No mandatory requirement to reside, only 7 days during the first year and 14 days for the next two years.
- Stable and strong democracy with business-friendly legal system.
- Opportunities for business development.
- Potential for ROI (return on investment).
Understand the program, sign the retainer agreement and prepare the application.
Month 2 - 3
Bayat group will assist with choosing the best investment fits you. Real Estate agents in Portugal will assist the applicant with the purchase of property. Applicant will open a bank account and proceed with the Biometrics.
Month 3 - 6
Upon Due Diligence approval, Transfer of the funds for the property will be transferred. As application approved the residence card will be issued.