Portugal

Introducing

Portugal

Officially known as the Portuguese Republic, the country is positioned in the Southwestern mainland Europe and an enviable breathtaking Iberian Peninsula. Its Mediterranean climate suits almost everyone.

Huge shifts in economies are pushing the country to focus more on the export sector and private investments, as these business areas need more focus from investors as compared with traditional industries such as footwear, clothing, and textiles.

Being one of the oldest civilized nations in Europe, Portugal is considered the most popular tourist destination, offers a suitable Mediterranean climate, beautiful beaches, lively culture, lavish cuisine, marvelous beaches, and idyllic countryside.

Country

Overview

  • Continent: Europe
  • Capital: Lisbon
  • Official Language: Portuguese
  • Population: 10.82 Million
  • Total Area: 92,212km2
  • GDP: $199 Billion
  • Visa-Free Countries: 170+
  • Passport Rank: 4th
  • Currency: Euro €
Portugal Requirements

The key Residency by Investment Requirements

The Golden Residence Permit Program is a five-year residency program where the applicant is required to spend seven days in Portugal, and this period will count towards citizenship eligibility after five years.

Option 1

An acquisition of EUR 350,000 for the venture capital funds.

Option 2

Purchase €500,000 in a real estate property anywhere in Portugal.

Option 3

Purchase €350,000 in real estate more than 30 years old or located in urban regeneration areas.

Option 4

Purchase €280,000 in real estate more than 30 years old or located in rural regeneration areas.

Portugal Residency Advantages

  • Visa-free movement to Europe’s Schengen states
  • Minimal residency is required
  • Attractive tax regime
  • Access to world-class healthcare and education within Portugal
  • Residence visa waiver for entering Portugal
  • Right to live and work

Eligibility Criteria

  • Provide Confirmed investment sources proof
  • Should not hold any criminal record
  • No frozen property within the boundaries of the EU
  • Only seven days stay is necessary during the first year of residence and only 14 days of temporary residency is required for the two subsequent years
  • Should be healthy
  • Successfully passed a background check

Process of Application with Ad Astra

Step 1 - Passport Pre-Screening by AD Astra

The first step is the pre-screening of the applicant’s passport copy to get Government approval. Also, a down Payment of Professional fees is required to open your application.  Ad Astra assists you at each and every step.

Step 2 - Checklist for Portugal Visa Application

Ad Astra will collect all the documents required according to the Government checklist. Ad Astra will assist in the translation of all the documents into the Portuguese language and submission of documents to the Portuguese Consulate.

Step 3 - Apply for an entry visa

The applicant can visit Portugal in order to carry out the real estate investment, fixed deposit, or any business investment. Investor/Applicant will record fingerprints, pictures, and biometric data to the Immigration services on his visit.

Step 4 - Property Purchase Documentation

After returning back to their home, the applicant is required to transfer funds for the purchase of the property in the respective bank account in Portugal.

Step 5 - Submission of Application

After the process of purchasing and registry of property is completed (roughly takes 3-4 days), Ad Astra will submit all the documents and residency processing fees paid to Immigration Services.

Step 6 - Receiving Approval letter

After the submission of the residency application, AD Astra collaborates with the Immigration Services to get it approved within 3 to 4 weeks.

Step 7 - Property Purchase Documentation and Funds Transfer

After the successful payment of the residency fees, the Immigration Services start processing the residency cards, usually taking 3 -4 weeks to complete.

Step 8 - Travel for Passport Stamp

Residency for Portugal is granted. The final step is to visit Portugal for a week in a year or five years to fulfill the requirement.

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