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    Portugal Golden Visa - A Guide

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    Belion2013
    This is a guide to obtaining an investor's Schengen Visa issued by Portugal. Known as the “Golden Visa”, this is a resident’s visa granted to a non-EU/EEA citizen (and his/her immediate family members) who makes an investment in Portugal. Five years later, the investment may be disposed of and a permanent resident’s visa obtained. And at the end of the 6th year Portuguese citizenship may be applied for, subject to knowledge of “basic Portuguese”.

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    Portugal Golden Visa - A Guide

    Uploaded by

    Belion2013
    222 views10 pages
    This is a guide to obtaining an investor's Schengen Visa issued by Portugal. Known as the “Golden Visa”, this is a resident’s visa granted to a non-EU/EEA citizen (and his/her immediate family members) who makes an investment in Portugal. Five years later, the investment may be disposed of and a permanent resident’s visa obtained. And at the end of the 6th year Portuguese citizenship may be applied for, subject to knowledge of “basic Portuguese”.

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    This is a guide to obtaining an investor's Schengen Visa issued by Portugal. Known as the “Golden Visa”, this is a resident’s visa granted to a non-EU/EEA citizen (and his/her immediate family members) who makes an investment in Portugal. Five years later, the investment may be disposed of and a permanent resident’s visa obtained. And at the end of the 6th year Portuguese citizenship may be applied for, subject to knowledge of “basic Portuguese”.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    222 views10 pages

    Portugal Golden Visa - A Guide

    Uploaded by

    Belion2013
    This is a guide to obtaining an investor's Schengen Visa issued by Portugal. Known as the “Golden Visa”, this is a resident’s visa granted to a non-EU/EEA citizen (and his/her immediate family members) who makes an investment in Portugal. Five years later, the investment may be disposed of and a permanent resident’s visa obtained. And at the end of the 6th year Portuguese citizenship may be applied for, subject to knowledge of “basic Portuguese”.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    Portugals Golden Visa

    A Guide

    2013 Belion Partners. All rights reserved.


    1

    Contents
    What is the Golden Visa? ................................................................................................................... 3 Eligible family members .................................................................................................................... 3 Golden Visa benefits.......................................................................................................................... 4 Investment choices............................................................................................................................ 4 Investment structure ......................................................................................................................... 5 Golden Visa timeline ......................................................................................................................... 5 Required documents ......................................................................................................................... 6 Your first visit to Portugal .................................................................................................................. 6 Within 90 days of your visit ............................................................................................................... 7 Government fees............................................................................................................................... 7 Property purchase taxes .................................................................................................................... 8 Professional charges .......................................................................................................................... 8 Ongoing costs .................................................................................................................................... 9 Next steps ......................................................................................................................................... 9

    2013 Belion Partners. All rights reserved.


    2

    What is the Golden Visa?


    The Golden Visa is a residents visa granted to a non -EU/EEA citizen (and his/her immediate family members) who makes an investment in Portugal. Five years later, the investment may be disposed of and a permanent residents visa obtained. And at the end of the 6th year Portuguese citizenship may be applied for, subject to knowledge of basic Portuguese.

    Eligible family members


    You may apply for Golden Visas to be also issued to your following family members: Spouse or partner, the quality of partner having to be proved under existing law; Under-18 year old children, or over-18 dependent children, as long as the latter have enrolled to study in Portugal (any course of studies); Dependent parents of either spouse or partner; Under-18 year old siblings of either spouse or partner if legally under their supervision.

    2013 Belion Partners. All rights reserved.


    3

    Golden Visa benefits


    Permanent free entry and circulation in the Schengen Space, the EU and the EEA. Freedom to live and/or work in Portugal (or not), while keeping another residence (if so wished). Option to become a non habitual resident of Portugal for tax purposes (little or no tax for 10 years). Access to Portugal residents rights (education, recognition of diplomas and qualifications, having a professional activity, healthcare, social security, trade union protection, the law and the courts of law)

    Investment choices
    Real estate
    A minimum investment of at least 500,000 in one or more properties of any type, anywhere in Portugal, for any purpose, singly owned or in co-ownership.

    Capital transfer
    A transfer to Portugal of at least 1 million, which may be kept as a deposit or invested in any Portuguese securities, whether publicly or privately traded.

    Job creation
    Setting up or acquiring a business which creates at least 10 new permanent jobs in Portugal and keeps them for at least 5 years.

    2013 Belion Partners. All rights reserved.


    4

    Investment structure
    The investment may be made privately, whether singly or jointly, or through an EU company. In the case of a company, the relevant amount will be that of the paid-in shares in a Portuguese company or else the pro rata of the capital allocated to the Portuguese branch of an EU company. If investing in real estate through a company, the investment should not be less than 1M. The minimum investment amount (but only this amount) must be kept free of any charges.

    Golden Visa timeline


    Year 1 - Make your investment, obtain your Golden Visa, spend at least 7 days in Portugal. Years 2 to 5 - Renew your visa at the end of Years 1 and 3, spend at least 14 days in Portugal each year. Year 6 - Obtain a permanent visa (and dispose of your investment if you wish) at the end of Year 5. No minimum stay requirements apply from then on. Apply for citizenship at the end of Year 6 (but you must master some basic Portuguese).

    2013 Belion Partners. All rights reserved.


    5

    Required documents
    If applying for a Golden Visa, you must bring the following when you first travel to Portugal: 1. 2. 3. 4. Passport and Schengen travel visa Certificate of criminal record Proof of residence (driving licence or utility bill) Health insurance policy (this may alternatively be bought in Portugal)

    N.B.: Documents that are not in Portuguese or in English must have a certified translation by a translator approved by a Portuguese Consulate.

    Your first visit to Portugal


    During your first visit to Portugal, you should: Obtain a tax id number and a certificate of no debts to the Portuguese state; Open an account with a local bank; Choose your investment(s); Instruct a lawyer to act on your behalf; Be interviewed by the border agency. This is easily and quickly accomplished if you are a Belion Partners Client.
    2013 Belion Partners. All rights reserved.
    6

    Within 90 days of your visit


    Within 90 days of your first arrival in Portugal, you must: Transfer the investment funds to your Portuguese bank account; and Submit your Golden Visa application (this will be done by Belion Partners on your behalf if you are a client). Your family members application may be submitted at this time or at a later date. Within 72 hours, the border agency will validate your application and your visa will be issued within a couple of weeks.

    Government fees
    The Portuguese government charges the following fees in respect of the Golden Visa: An application fee of 513.75 per initial and renewal application; A visa initial issue fee of 5,135.50 per visa holder (50% of this in the case of under-18 y.o. children); and A visa renewal fee at the end of years 1 and 3 of 2,568.75 per visa holder.

    2013 Belion Partners. All rights reserved.


    7

    Property purchase taxes


    The purchase of property in Portugal is subject to: Stamp duty at 0.8% of the transaction value; plus Property transfer tax, which varies according to property type, status (rehabilitated properties may be exempt) and intended use, but is typically as follows: o 7% less 8,163.12 on a property value of between 172,348 and 287,213 o 8% less 11,035.25 on a property value of between 287,213 and 550,836 o 6% on a property value over 550,836 Property registration costs should not exceed 1,000.

    Professional charges
    No matter what your investment choice is, Belion Partners provides a full service of the highest quality, while charging the most competitive fees in the market. Our assistance encompasses all the bureaucratic, legal and practical aspects of your investments and of your Golden Visa application and renewals, plus, if required, assistance with any needs you may have as a Portugal resident visa holder. In order to receive a quote, please email Belion Partners on lisboa@belionpartners.com and be as specific as possible about your requirements.
    2013 Belion Partners. All rights reserved.
    8

    Ongoing costs
    After you obtain your Golden Visa, there may be ongoing costs to be taken into account, namely: Visa renewal fees, as detailed above, plus possibly professional charges in connection therewith; Correspondence handling in Portugal; Property annual tax at between 0.3% and 0.5% of the official value of urban property (different rates apply to other property types); Income tax, for example on rental income, plus possibly professional charges in connection with handling your annual tax returns.

    Next steps
    1. Let Belion Partners know what your exact requirements are, so that you can receive a full quote and an investment target search report. 2. Obtain the documents to be brought to Portugal and email Belion Partners scanned copies thereof. 3. Book your trip to Portugal and let Belion Partners have its details, so that everything may be timely arranged. 4. Just relax and let Belion Partners take care of the rest.

    Bon voyage!
    2013 Belion Partners. All rights reserved.
    9

    Belion Partners LLP


    www.belionpartners.com
    5 St John's Lane, London EC1M 4BH, United Kingdom london@belionpartners.com | Tel. +44 20 3004 8972 Largo Rafael Bordalo Pinheiro 16, 1200-369 Lisboa, Portugal lisboa@belionpartners.com | Tel. +351 308 803 814

    Reg. in England, No. OC382877 | Reg. office as above | VAT Reg. No. GB 157104723

    2013 Belion Partners. All rights reserved.


    10

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