Portugal travel objectives, real estate offers and entry visa for Europe
Get a 2nd passport with a golden visa in Portugal with real estate offers and travel objectives? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! Is permanent residence required? Many investors from South Africa, Lebanon, Russia, Saudi Arabia, Egypt, Libya etc. have not the intention to move out of their home country immediately right now. But they are looking for a Plan B in case of an unexpected event or emergency. They are searching for an option in case of revolution, social unrest or any other emergency situation. Another investor visa, for example, Malta, Italy and Switzerland are imposing a permanent physical presence for granting the residence permit. Not Portugal. That’s the reason why Portugal is so attractive for all investors looking for a Plan B.
The initial application is now submitted online, including copies of the supporting documentation. After the request is approved by Serviço de Fronteiras e Estrangeiros (SEF), you will have to appear in person for an interview. Initially, the interview would take place in the district where the investment was made. Nowadays, however, SEF will allow you to book the interview in any district of your choice. This change has helped reduce the waiting time overall, especially in the more popular districts such as Lisbon and Faro. At the end of year 4, another renewal process takes place. It is virtually identical to the process at the end of year 2.
In order to be eligible for the scheme you must conduct an investment activity either as an individual or a company set up in Portugal or another EU Member State, meet the time requirements above and do one of the following: Purchase real estate property to refurbish that was constructed more than 30 years ago or located in an urban regeneration area and with a value of at least 350,000€ (three hundred and fifty thousand euros) or 280,000€ (two hundred and eighty thousand euros) for the Algarve, Make a capital transfer of at least 1,000,000€ (one million euros), Create at least 10 job positions. Discover extra details at Get a 2nd passport with a golden visa in Portugal.
While the program has benefited more than 6,500 foreign investors so far, it has also been beneficial for the Portuguese economy. As of this writing, the total investment into Portugal as a direct result of the program has reached a whooping €4,851,321,701. That’s almost five billion euros. That’s great news for prospective investors, as the program has broad support from nearly all political parties in Portugal. While a conservative government introduced the program in 2012, the current socialist coalition government has even expanded the program since seizing power at the end of 2015.
As well as being able to experience the Portuguese lifestyle for yourself, the Golden Visa scheme will also provide you and your family with the opportunity to explore the rest of Europe and discover all that it has to offer. Those enrolled in the scheme will benefit from the following: No visa required to enter Portugal , Visa exemption for travelling through Europe (within Schengen Area). You can live and work in Portugal. Dependent family members can also obtain temporary Portuguese residency. Find extra info at this website.