Golden Visa in Portugal: A Guide for Expat Property Buyers

The Golden Visa program in Portugal is an attractive option for expats looking to invest in real estate while gaining residency rights in this beautiful country. Here’s an overview of the qualifications and benefits of the Golden Visa for property buyers.

Credit: César Couto

What is the Golden Visa?

The Golden Visa program, officially known as the Residence by Investment program, allows non-EU citizens to obtain residency in Portugal by making a qualifying investment. One of the most popular options is purchasing real estate.

Qualifications for the Golden Visa in Portugal

To qualify for the Golden Visa through property investment, you must meet the following criteria:

1. Minimum Investment Amount

   1. €500,000: This is the standard minimum investment for purchasing real estate.

   2. €350,000: This lower threshold is applicable for properties that are over 30 years old or located in urban regeneration areas.

2. Property Ownership - You must legally acquire a property in Portugal. This can be a residential, commercial, or mixed-use property.

3. Hold the Investment - You must maintain the property investment for a minimum of five years. After this period, you can sell the property but still retain your residency.

4. No Criminal Record - Applicants must provide proof of a clean criminal record, both in their home country and Portugal.

5. Health Insurance - You must have valid health insurance that covers you and any family members included in your application.

6. Stay Requirements - While there is no requirement to live in Portugal full-time, you must spend at least seven days in the first year and 14 days in each subsequent two-year period to maintain your residency.

7. Family Inclusion - The Golden Visa allows you to include family members in your application, such as your spouse, children under 18, and dependent parents.

Benefits of the Golden Visa

1. Residency Rights - The Golden Visa grants residency, allowing you to live, work, and study in Portugal and travel freely within the Schengen Area.

2. Path to Citizenship - After five years of holding the Golden Visa, you can apply for permanent residency or citizenship, provided you meet certain conditions, such as language proficiency.

3. Investment Potential - Real estate in Portugal has shown consistent growth, making it a potentially lucrative investment opportunity.

4. Quality of Life - Portugal offers a high quality of life, with excellent healthcare, education, and a mild climate, making it an appealing destination for expatriates.

Conclusion

The Golden Visa program in Portugal presents a unique opportunity for expats looking to invest in real estate while enjoying the benefits of residency. By meeting the investment and legal requirements, you can take advantage of Portugal’s vibrant lifestyle and potential for future growth.

If you’re considering this path, consult with a local expert to guide you through the process and help you find the perfect property.