Hot to Renew your Golden Visa
At the time of renewal, what do you need to present to be able to renew your Investors Visa or Golden Visa ?
To be able to renew your residence permit and continue on your Investors Visa program, you are required to get the following conditions:
1- Show a document that proves the required investment
2 – Show a declaration of no debt from Tax Department and Social Security Department
3 – Show a valid health insurance if you do not have Social Security contributions
4 – Show documents that support the fact that you have spent over 7 days in 1st year in Portugal or in case of 2nd renewal 14 days from past 2 years. This can be with one visit or several visits. (Hotel bills, flight tickets, etc.)
5 – Show a valid declaration that you will fulfill the remaining requirements for the next period of renewal in Portuguese territory (14 days stay over next 2 years).
If the investment is capital and over 1.000.000 euro, which documents are requested to be presented for renewal?
1 – Declaration of Finantial Institution autorized in National Territory to show that average trimester balance in bank account is over 1.000.000 Euro. In case the investment are stocks from stock market with a current value, if the value is under 1.000.000 Euro it can be used to renew your visa, if the same number of stocks from same companies are kept as the initial investment over 1.000.000 Euro.
If the investment is a company created with over 10 permanent employees which documents are requested for renewal?
1 – Updated declaration from Social Security to confirm that you have kept at least 10 permanent employees during the full period.
If the investment is in Real Estate what do you need to show to renew your Residence Permit?
1 – Property Registry Certification confirming that properties declared as investment are still in Investors name.
The process of renewing your investors visa becomes pretty easy to obtain as long as all the documents are presented. To fulfill all the requirements is advised to check clearly all the papers before submitting the application in order to avoid big troubles. An interruption of Investors Visa might put in risk the possibility of getting citizenship in 6 years.
It is very important that you keep the records from your trips to Portugal and respect all the time frame requirements for Visa renewal. Any doubts we strongly suggest you check our ebook at www.portugalinvestorvisa.com
