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Portugal - World Gate

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About Portugal

Considered to have one of the highest standards of living and longest life expectancies in the world, Portugal is a developed and advanced sovereign nation with a long and fascinating history. Well-positioned in southwestern Europe with easy access to the rest of Europe and North Africa, Portugal is bordered geographically to the east and north by Spain, and to the west and south by the Atlantic Ocean where its two autonomous island archipelagos, the Azores and Madeira, can be found.

At one point the center of the world’s longest-lived colonial empire which stretched from the Americas to Africa to Asia and left a profound cultural and linguistic impact on numerous countries around the world, today Portugal maintains a prominent position on the world stage as one of the founding members of NATO, as well as an important member of the United Nations, European Union, the OECD, and the Community of Portuguese Language Countries.

Offering one of the highest levels of English proficiency among its population in Western Europe and ranking highly in numerous global surveys of freedom, social progress, prosperity, stability, and peacefulness, Portugal is characterized by its moderate climate, beautiful and varied nature, intact traditions, strong economy, and rapid growth, and is an inviting destination for investors who are interested in permanent residency which can lead to citizenship in a dynamic and exciting European country.

Continent

Europe

Region

western Europe

Capital

Lisbon

Population

10,355 million (2019)

 Total Area

92,391 km²

Languages

Portuguese

Passport Rank

6th (2020)

GDP

$ 341,408 billion

 Currency

Euro (EUR)

Legal Basis

The legal framework for the entry, stay, and exit of foreigners from national territory is defined by Resolution No. 1661-A / 2013, Law No. 29/2001 of August 9, and Law No. 23/23/2007 of July 4. Consequently, legal residency was established for investment in the country. This amendment permits the imposition of a short stay of 7 days per year for a period of 5 years, and the applicant and his family can apply for citizenship at the end of the permanent residence period.

Benefits

  • Visa-free travel to 184+ countries, including countries of the Schengen Area, the United Kingdom, the United States, Canada, Australia, New Zealand
  • Residence in a member state of the European Union
  • Obtain dual citizenship without giving up current citizenship
  • Obtain residency within a period of 3 to 7 months
  • Obtain citizenship and a passport after 6 years
  • A fully legal, government-regulated program
  • A required stay of only 7 days a year

Investment Options

1. Real Estate Investment
To qualify for Portugal Residency under the Real Estate Option of the Golden Visa Program, an applicant must purchase authorized real estate with the minimum value of the following
Purchase of a real estate or group of real estate more than 30 years old or located in the urban construction area
€ 350,000
Purchase of a new property or group of properties
€ 500,000
Noticeable
The investment amount is reduced by 20% for both options if the investment is made in sparsely populated areas.

Residency Process

Step 1

World Gate will send a copy of your passport to the appropriate authorities to verify the data and obtain preliminary approval.

Step 2

A first payment of professional fees shall be paid to open your application, and World Gate consultants will provide assistance and advice regarding the collection of required documents. World Gate will assist you in translating documents into Portuguese and legalizing documents at the Portuguese Embassy.

Step 3

The application to obtain the initial approval will be submitted. The investor shall then visit Portugal to choose the property and open a bank account, in addition to meeting the immigration officer.

Step 4

A transfer the required funds to purchase the property shall be made to the bank account in Portugal.

Step 5

Once the purchase of the property is complete and registration is complete, documents shall be submitted for the residency application in Portugal, along with the residence fees paid to immigration services.

Step 6

Once the applicant receives residency in Portugal, he/she will receive the application for permanent residence in the European Union. It is then necessary to visit Portugal for one week per year for a period of 5 years to fulfill the residency requirements.

Visa-Free Countries

* Visa on arrival
** Electronic visa
– The above list includes territories
– The list of countries is subject to change in accordance with each government’s policy

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