Tag Archives: citizenship by investment

Citizenship - Portugal, Golden Visa, Investment

UPDATE: Now Accepted – OLD Alert: Open Investors process without documents is no longer accepted at Immigration Department

Update: We are now able to submit your biometric data at your first trip without any documentation ready. Please disregard the communication bellow.

We have been receiving investors in Portugal within the past 2 years that are coming without the full set of documents to present to Immigration Department. Due to the changes on internal procedures inside Immigration Department for the following period of time all Investors which decide to travel to Portugal to submit their finger prints and their biometric data need to have their documentation required.

Due to this changes, we are now requesting all Investors to collect their Police Clearance Report duly stamped by Portugal Embassy of their document issuing country before traveling to Portugal. In case you are bringing your family please also collect their Police Clearance Report, Marriage Certificate or Birth Certificate in order to be able to start the process (all documents need to be duly stamped at Portugal Embassy).

Since the demand of the program is increasing quickly it is now requested that Investors advise their travel intentions 4 weeks before their traveling date in order to assure a visit to Immigration Department. In case you are planing to fly in a much shorter period than the one announced here, please contact us in order to identify the risks and possible solutions.

For those who intent to travel without the documents, please be aware that after your investment is completed and your process is been approved you will need to travel to Portugal to submit your biometric data in order to be able to receive your residence permit card.

The Golden Visa Immigration procedures are being revised, for the time being those are the current rules, once the system has been updated we will inform you.

Police Clearance Golden Visa - Investors Visa Portugal

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Citizenship - Portugal, Golden Visa

Citizenship by Investment Law| Golden Visa

We have been queried several times to explain where in Portuguese Law it states that Citizenship can be granted for Investors that joined the Golden Visa program. In order to provide a clear understanding of citizenship is important to realize that Golden Visa regulations and Citizenship are different and separate laws. Citizenship is a specific law that regulates all and possible cases any person can be able to request citizenship and in which terms. Golden Visa program allows investors to obtain one of the conditions to be able to apply for citizenship.

Citizenship in Portuguese Territory for Foreigners:

1- Government provides the Portuguese nationality by naturalization to foreigners that fulfill the following requests:

a) Adults and over 18 years old as per Portuguese Law

b) Have legal residence permit for at least 6 years

c) Know the basics of Portuguese Language as per article 25

d) Have not been sentenced or are planned to be sentenced by a court of a crime with a sentence of jail for a period superior to 3 years as per Portuguese Law. (other words no crime record or potential crime record)

Since all Investors that joined Golden Visa application have been already screened in regards to their criminal record, if nothing changed there is only option c) to be provided. Option c) is currently provided with a multiple choice test in Portuguese.
For those who want to have a look of Portuguese Citizenship law, we are posting the correct link to download.

Citizenship Law

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Citizenship - Portugal, Investment

How to get citizenship by investment with 1.000.000 Euro

Citizenship by Investment - Investing over 1.000.000 Euro

Citizenship by Investment – Investing over 1.000.000 Euro

The Law in Portugal opens the possibility for foreign investors to apply for residence permit by an investment which allows a regular entry into Schengen territory without restrictions (Portugal and other European Countries). All investors who hold residence permits in Portugal are entitled to family reunification and are eligible to request citizenship after 6 consecutive years of valid residence permit. This form of investment , can be considered if capital transfer is executed to a Portuguese Bank with an amount equal or greater than 1 million Euro. The investment can be in stocks, shares, bond or even just time deposit or current deposit. Is it a problem to renew the investor visa if an Investor buys shares of a company and after with depreciation the value falls under 1.000.000 Euro ? The answer is no. If the investor purchased shares in value of 1.000.000 Euro and at the time of visa renewal did not sell or exchange the original investment, the document of original purchase and the certified statement from the bank to show investment is kept as original purchase, will be able to renew the visa, even if the market value falls under 1.000.000 Euro.

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Citizenship - Portugal

Citizenship by Investment

CITIZENSHIP BY INVESTMENT – EUROPE – PORTUGAL

Portugal is now one of the top level destinations for investors who are looking at getting a new nationality.  After researching extensively over several investment programs, Portugal is usually selected for the following reasons:

1) Does not require to live full time basis in the country

Minimum requirements of stay are 7 days in the 1st year and 14 days every each 2 years after that.

2) Is the only country in Schengen space which allows the investor to Work, Live and Study without any restrictions

Several countries in Europe are afraid the investors will still their management positions at local companies, most of the investors have other motivations than going to find a job in Europe. But freedom of moving in Europe plus the idea of being able to settle down if for any reason they want to move to Europe, brings to investors a good feeling.

3) Investment in Real Estate in Portugal is now in the right moment

During the last 5 years investment in Portuguese Real Estate have been quite low. With lack of liquidity from Portuguese banks, construction slowed down a lot and prices went a lot down. The new reality with this program is that there are new investors arriving everyday to acquire new properties and the amount of new properties in the market is quite low. Prices are already picking up and an increase of more than 20% in premium areas is giving a lot new confidence for bigger projects.

4) Tax System

Portuguese tax system is complex and quite heavy but one thing good is that if you do not live in Portugal over 183 days per year you are not required to declare your global earnings. You will just need to declare your earnings inside Portugal and respecting the double tax agreements between your country of residence and Portugal.

5) Portugal needs people.

Not only most of Portuguese are open minded in terms of race, culture or age, but we also have a birth rate lower than countries with restrictions such as China. For the economy to be sustainable we urgently need to get young people into the country in order to revitalize most of the industries and services.

If you are looking for Citizenship by Investment, Portugal is clearly one of your best choices if not the best. If you need additional information I would be happy to help.

Portugal Passport - Citizenship by Investment

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