PORTUGAL

Since October 2012, qualifying applicants have been able to get residence status in Portugal while continuing to reside overseas thanks to the Portugal Citizenship (Golden Residence) Permit Programme. Families of investors may travel to Portugal with them. For those who want the flexibility to live and work in Europe, the Programme is the best option. Portugal is a country on the Iberian Peninsula in Western Europe. It shares a lengthy coastline with Spain on the Atlantic Ocean. The Azores and Madeira archipelagos are part of Portugal’s territory. Lisbon, the nation’s capital, is the oldest city in Western Europe.

Portugal is in the “very high human development” category, coming in at number 41 out of 187 nations in the 2014 Human Development Index. As a member of the European Union since 1986, it is the oldest nation-state in Europe. Portugal is a constitutional republic with an executive, legislative, and judicial branch structure that is stable and semi-presidential.

Guidelines for the Programme for Golden Residence Permits:

Have a clean record, which includes not having been convicted of any crimes carrying a one-year or longer jail term.

Be present in person in Portugal in order to provide biometric information.
Not previously been prohibited from entering Portugal
Avoid being added to any alert lists for Schengen Area admission.

ADVANTAGES OF LIVING IN PORTUGAL:

The mobility and safety that come with living in Europe, as well as having access to other markets and the Schengen Area, make it the perfect destination for business travellers.

The candidates’ and their families’ abilities to reside, work, study, and conduct business in Portugal.

After five years, permanent residency can be obtained, and after six years, citizenship

Orders 11820-A/2012 and 1661-A/2013, which alter Act n. 23/2007 and define the legal framework for foreigners’ entry, residency, and departure from Portugal, created the Golden Residence Permit Programme. The Portuguese government’s agency in charge of controlling immigration and borders, Serviço de Estrangeiros e Fronteiras (SEF), is in charge of overseeing the Programme. After receiving a residence visa through the Programme, applicants must be in Portugal for at least seven days during the first year of their permission. Candidates must spend a minimum of 14 days in Portugal during each of the next two, two-year intervals.

In order to be eligible for the Golden Residence Permit Programme, applicants must meet one of the requirements below:

The acquisition of property for at least EUR 500,000.

The real estate can be used to provide income or rent and can be residential, commercial, or agricultural.

A minimum capital contribution of EUR 1 million, which might be used to buy stock in a firm that is listed on the Portuguese stock exchange.

The establishment of thirty or more jobs in Portugal.

The acquisition of a real estate property for a sum above 350,000 euros that was built more than 30 years ago or situated in an urban regeneration region and is slated for renovation.

The investment must be kept up for a minimum of five years after the residence permit is issued. At the conclusion of the first and third years, the permit needs to be renewed.

After five years, permanent residence is given.

Highbrow Law Associates is available to help at every stage of the application procedure. We will talk to you about the Programme and help you choose the most advantageous investment choice. Highbrow Law Associates will help you make the appropriate investment or acquisition and complete the required application papers and accompanying documentation. English or Portuguese must be used for all documents. Documents that are not in Portuguese or English must have a notarized translation attached. When it’s prepared, the application will be sent to the SEF, which handles requests for Golden Residence Permits. Candidates need to submit the following paperwork.

A passport that is valid.

If you are already in Portugal, documentation of your legal admission and stay Evidence of health coverage.

A completed consent form allowing the SEF to access criminal records in Portugal.

Criminal Record Certificates from Portugal and any other nation where the applicant has resided for a year or longer.

Portugal’s tax certificate.

An affidavit attesting to the applicant’s intention to make the necessary investment and keep it for the shortest period of time permitted by law.

Records attesting to the selected investment.

Certificate of Marriage.

Birth Certificate.

Evidence of enrollment in the educational facility (for kids older than ES 18) The application procedure takes about six months after the application is filed, though this will differ based on the particulars of each applicant and the kind of investment being made.