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Citizenship by Investment - European Countries, News

Portugal’s Golden Visa Program

March 27, 2020 nkic

NKIC is pleased to announce the Portugal Golden Visa Program.  

This program offers many benefits to investors:

  • Government processing in 60 days
  • Applicant and family have the right to reside, work, and attend school in Portugal Visa-free travel to the 26 Schengen countries in Europe.
  • Minimal residency requirement (1 week/year)
  • No net worth requirement
  • No minimum education
  • No source of funds requirement
  • No language requirement
  • No management experience requirement
  • No interview
  • No nationality restrictions
  • Applicants may apply for citizenship after 6 years of residency

Qualifications for the program are as follows:

  • Applicants must possess a valid passport and reside legally in a country Principal applicant must be at least 25 years old Dependents are children under age 18, older students who are financially dependent, and dependent parents age 65+
  • Applicants must not be citizens of the EU
  • Applicant must purchase property in Portugal for minimum 5 years: EUR 500,000 (new/urban), EUR 400,000 (new/rural), EUR 350,000 (refurbished/urban), or EUR 280,000 (refurbished/rural)
  • Applicants must pass a due diligence check.

NOTE: 

Legislation is currently under review by the Government, and may be implemented later in 2020.  This legislation would disallow the purchase of properties in Lisbon and Porto, but properties could still be purchased elsewhere in Portugal (to spread the economic benefit of the program to other parts of the country).  If your clients wish to invest in Lisbon and Porto, we recommend they do so as soon as possible.I’m a new Text block ready for your content .

Please Contact Us for more information.

NKIC Newsletter - March 2020

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