One of the most famous schemes in Europe is the Portugal Golden Visa program. Investors from other countries are enticed toward this program due to its benefits, expenses, and flexibility. In 2012, Portugal launched this investment visa, and countries such as Greece and Spain adopted the program. The outcome is that the Portugal economy has received an inward investment of 6 billion euros at the international level. Pearl Lemon Visa is a reputed global leader that supports people to get their Golden Visas to Portugal. It leverages its expertise in immigration by investment in affluent people to enter Portugal.
The Expenses for the Golden Visa Program to Portugal
You have to pay some fees based on your family size and property investment. Let us consider a real estate investment of 0.35 million euros. For this investment, the fees are the following:
- Legal fees: 5,000 Euros
- Golden Visa application fee: 533 Euros × 4 = 2,132 Euros
- Golden Visa approval fee: 5,336 Euros × 4 = 21,344 Euros
- Registration of Promissory Sales Agreement: 400 Euros
- Notary or Land Registration fee: 1,050 Euros
- Stamp duty (0.8%): 2,800 Euros
- IMT (Property Transfer Tax) (est. 4.6$%): 16,100 Euros
The sum of the real estate investment and the other fees is 398,826 Euros.
The Advantages of the Portugal Golden Visa program
The minimum investment for this program is 280,000 euros, which is regarded as a low investment. You become eligible to live, study, and work in the country. You can travel to any location in the EU Schengen zone utilizing a visa-free method. After five years, you can apply for citizenship in Portugal. For this, you do not need full residency. The requirements for minimum stay are only 14 days after every two years. The country does not levy any tax on your worldwide income. You can avail of the option of Non-Habitual Tax Residency.
The program is open to all non-EU applicants with a clean criminal record. The applicant can include a spouse, children, and parents over 65. There is no need to attend any interview or have a language test. You can reside in any EU country.
Eligibility Rules
If you want to apply for Portugal immigration by investment, you must have a clean criminal record. Have comprehensive health insurance and submit your application with the complete biometrics. For this, you must visit Portugal once during the application phase. Then, open a Portuguese bank account. After you get a Portuguese Golden Visa, renew it every two years and reside for at least two weeks in Portugal after these two years. In addition, you have to retain your investment.
The Benefits of the Portugal Passport
Using your Portugal passport, you can visit 198 nations without needing a visa. This is calculated to be 87.2% of the country’s destinations. It also implies your access to 80.4% of the world’s total wealth in GDP. Based on international visitors, this implies 91.8% of global travel popularity.