COUNTRY PROFILE
• Capital: Lisbon
• Population: 10.2 million
• Area: 92,345 sq km (35,655 sq miles)
• Major language: Portuguese
• Major religion: Christianity
• Life expectancy: 78 (men) 85 (women)
• Currency: Euro
• Exchange Rate (as of Nov 2023): US$ 1.00 = 0.87 EUR
The Portugal Golden Visa Program was developed by the Portuguese Ministry of Foreign Affairs in October 2012, to promote foreign investment and to provide opportunities for Non-EU citizens to live and travel within a secure and stable EU country.
Foreign investors are invited to pursue investment activities in Portugal through the transfer of capital, creating jobs or acquiring real estate, in return for a five year Residence Permit that allows its holders to work, live, study and travel visa free in Schengen countries.
The investor first obtains a Schengen Visa valid for one year under the Portugal Golden Visa Program. After one year, a residence permit is issued and this is then renewed at 3 and 5 years respectively. After 5 years, the investor may then apply for a Permanent Residence Permit. The investor may apply for Citizenship and passport after 6 years of residency in Portugal.
| Type of Program | Residency by Investment |
| Type of Investments |
1. Funds Investment 2. Company Formation 3. Investment in Research 4. Donation to Arts |
| Minimum Investment | 1. Funds Investment: Transfer of capital equal or superior to EUR 500,000,intended for the acquisition of shares in specific collective investment organisms. 2. Company Formation: Transfer of capital equal or superior to EUR 500,000,intended for the incorporation of a commercial company with a registered office in the national territory, combined with creation of 5 permanent jobs. 3. Investment in Research: Transfer of capital equal or superior to EUR 500,000 applied to research activities by public or private scientific research institutions. 4. Donation to Arts: Transfer of capital equal or superior to EUR 250,000 applied to investment or support for artistic reproduction, recovery, or maintenance of national cultural heritage. |
| Dual Nationality Permitted | Yes |
| Personal Visit Required | Yes |
| Minimum Stay | A) Single visit for submission of biometrics data. B) 7 days per year for 5 years. |
| Capital Gains Taxes | 20% |
| Personal Income Taxes (For Non-residents) | 0% |
| Corporate Tax Rate | 25% |
| Property Taxes |
Buying Property: 2. Stamp Tax – when signing a deed, the purchaser must pay the stamp duty at 0.8%. 3. Annual City Hall Tax (IMI) – tax payable by whoever owns the property on 31st December. The rate varies between 0.3% and 0.5% for urban properties and 0.8% for rural properties. |
| Processing Time | 1 Year to Residency 5 Years Residency to apply for Citizenship |
| Passport Validity | 10 Years |
| Restricted Countries | None |
| Visa Free Travel | 27 Schengen Countries on PR Card |
| 187 Countries on Portuguese Passport |
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