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Portugal’s passport is ranked as the 6th strongest passport in the world. It allows visa-free access to over 172 countries. Portuguese passport holders have the right to study, work, and live in any country in the European Union.
On the 8th October 2012, the Government of Portugal made changes to the Immigration Law 29/2012 allowing non-EU Citizens to receive a temporary EU Residence Permit for up to 5 years in exchange for investments in Portugal’s Real Estate. The new regulations offer non-EU Citizens, a simple and fast way for property investors to receive a five-year Residence Permit (Golden visa).
Upon purchasing real estate with a value of €500,000 the Portuguese Golden Residence Permit will be issued temporarily for an initial period of one year which can then subsequently be renewed for two consecutive periods of two years making a total of five years. After the five years has elapsed, the holder may apply for a Permanent Residence Permit.
In accordance with Portuguese Nationality Law 37/81 of the 3rd October 2006, amended by Decree Law No. 322-A/2001 of 14th December, article 6, the Government grants the Portuguese nationality through naturalization to foreigners who fulfill the requirement to be legally resident in Portuguese territory for at least six years.
The Portuguese Golden Visa Program requires making a real estate investment into a property in Portugal.
IVS Retainer Agreement signed and first Payment of IVS Professional Fees. The Client could select the Portuguese property remotely and IVS starts preparing the property purchase documentation required to be presented for Residency application.
The Client must travel to Portugal to get the passport stamped before submitting the Residency application. If the client does not have Schengen Visa, then a Portuguese Tourist Visa must be applied for at the Portuguese Consulate in the client’s country of origin / residence. The Client & all applicants travel to Portugal on Schengen / Tourist Visa, to obtain passport stamp & visit Immigration Department. Client can see the property, alternatively, can directly transfer the capital to his new Portuguese bank account opened by IVS.
Property Purchase executed by IVS Lawyers. Residence Permit documentation is submitted to the Government including the property Title Deed. At this point, Government Processing Application Fees are payable. The client pays the Submission invoice of IVS Professional Fees
Upon Approval, a meeting with the authorities is scheduled. At this point, Government Residency Permit Fees are payable. IVS final Professional Fees are paid. Clients can travel to Portugal to collect the Residency Permit, alternatively, IVS lawyers can collect on client’s behalf. Residence Permit is issued within 45 days.
Visa requirements for Portuguese citizens are administrative entry restrictions by the authorities of other states placed on citizens of Portugal.
As of 10 July 2018 Portuguese citizens had visa-free or visa on arrival access to 186 countries and territories, ranking the Portuguese passport 4th in terms of travel freedom (tied with the passports of Austria, Luxembourg, the Netherlands, Norway, the United Kingdom, and the United States) according to the Henley Passport Index