{"id":15023,"date":"2017-10-31T01:14:13","date_gmt":"2017-10-31T05:14:13","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=15023"},"modified":"2020-12-10T11:15:47","modified_gmt":"2020-12-10T16:15:47","slug":"portugals-golden-visa-residency-second-passport-program","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/portugals-golden-visa-residency-second-passport-program\/","title":{"rendered":"Portugal\u2019s Golden Visa Residency and Second Passport Program"},"content":{"rendered":"<h2><strong>Portugal\u2019s Golden Visa Residency and Second Passport Program<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><a title=\"Portugal\u2019s Economic Boost\" href=\"https:\/\/www.escapeartist.com\/blog\/portugals-economic-boost\/\" target=\"_blank\" rel=\"noopener noreferrer\">Portugal\u2019s <\/a>golden visa residency and <a href=\"https:\/\/expatmoneyshow.com\/captivate-podcast\/brien-lundin\/\">second passport program<\/a> is the most efficient option for those who want to live and work in the European Union. Portugal\u2019s golden visa option is much more flexible than competitors like <\/span><a title=\"Second Passport From Malta\" href=\"http:\/\/www.escapeartist.com\/blog\/second-passport-from-malta\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Malta<\/span><\/a><span style=\"font-weight: 400;\"> and the government is working hard to approve applications quickly in 2018. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And <\/span><b>Portugal\u2019s golden visa program is much more than residency<\/b><span style=\"font-weight: 400;\">. It\u2019s a <\/span><span style=\"font-weight: 400;\">path to citizenship<\/span><span style=\"font-weight: 400;\"> within the European Union. Maintain your temporary golden visa in good standing for 5 years, and your permanent residency visa for 1 year and you qualify for citizenship in Portugal. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A second passport from Portugal is a very valuable travel document for those from China, India, or any other country with a low rated passport. <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Visa_requirements_for_Portuguese_citizens\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span style=\"font-weight: 400;\">Portuguese citizens<\/span><\/a><span style=\"font-weight: 400;\"> have visa-free or visa on arrival access to 171 countries and territories, ranking the Portuguese passport 6th in terms of travel freedom (tied with the Canadian, Greek and Swiss passports).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the rest of us (such as Americans with visa-free access to 174 countries), a passport from Portugal allows us to live and work in the European Union. A second passport is also a path to renouncing US citizenship and getting the IRS out of our pockets. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At it\u2019s heart, Portugal&#8217;s golden visa program is designed to attract foreign investment in the country. It\u2019s also meant to bring high net worth individuals into Portugal. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus, while Portugal is in line with other EU residency programs with a path to citizenship, the golden visa is not a \u201ccheap\u201d visa by any means. <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you\u2019re from a top 50 country and looking for a low-cost residency program, consider Panama with an investment of $20,000.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #ff6600;\"><b><i>Handpicked Related Co<\/i><\/b><em><strong><span style=\"color: #ff6600;\">ntent:<\/span> <span style=\"text-transform: initial;\">\u00a0<\/span><a style=\"text-transform: initial; color: #ff6600;\" title=\"How To Get A Panama Friendly Nations Visa\" href=\"https:\/\/www.escapeartist.com\/blog\/how-to-get-a-panama-friendly-nations-visa\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Panama Residency by Investment Program.<\/a><\/strong><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">There are three categories of investment that qualify for Portugal\u2019s Golden Visa: 1) real estate, 2) capital investments, and 3) job creation. I\u2019ll take these in reverse order. The most popular options are real estate and capital investment #1 below.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The job creation option requires you to create full-time jobs in Portugal. These must be maintained throughout your residency period, which means you must keep the business going, and 10 people employed, for at least 6 years. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Portugal\u2019s job creation golden visa doesn\u2019t have a minimum investment amount. But, you must convince the immigration office that the business is sufficiently funded and that it will operate throughout the term of your residency. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, if you have a successful business you can move to Portugal, you will qualify for the golden visa. If you plan to start a new business, you\u2019ll need to capitalize it sufficiently to reach profitability and should have proper accounting projections to convince the bureaucrats. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Portugal&#8217;s golden visa program allows for 4 types of capital investments. To be upfront, the \u201ctransfer of \u20ac1 million\u201d is the only investment I\u2019ve ever seen or heard of being made.<\/span><\/p>\n<p><strong>I found this great podcast by <a class=\"waffle-rich-text-link\" data-sheets-formula-bar-text-link=\"http:\/\/www.expatmoneyshow.com\" data-sheets-formula-bar-text-style=\"font-size:13px;color:#000000;font-weight:normal;text-decoration:none;font-family:'Arial';font-style:normal;text-decoration-skip-ink:none;\">The Expat Money Show &#8211;\u00a0 <\/a><a href=\"https:\/\/expatmoneyshow.com\/captivate-podcast\/laszlo-kiss\/\">Laszlo Kiss<\/a> on the best European Passports<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The 4 types of capital investment are: <\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Transfer \u20ac 1,000,000 into a bank in Portugal. You can use these funds as you see fit with no requirement to invest them in Portugal. All you need to do is keep the cash in a local bank throughout the term of your residency. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Invest or donate \u20ac 350,000 to support approved research activities. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Invest or donate \u20ac 250,000 to support approved artistic or cultural activities. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Invest \u20ac 500,000 to capitalize an approved small business operating in Portugal. <\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">As I said above, most choose to deposit \u20ac1 million into a bank in Portugal. From here, you can invest it, purchase real estate, put it into a CD, or just hold it in cash. There are no limits other than you must use it productively in Portugal <\/span><b>or<\/b><span style=\"font-weight: 400;\"> leave it in the bank. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Those who plan on living in Portugal typically select the real estate option (below). Those who will live elsewhere in the European Union usually go with transfer option #1 above. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because <\/span><b>Portugal\u2019s Golden Visa doesn\u2019t have a physical presence requirement<\/b><span style=\"font-weight: 400;\">, you can spend as much or as little time in Portugal as you wish while maintaining your visa. I recommend you spend at least two weeks each year to keep up appearances. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You have two options when it comes to qualifying for Portugal\u2019s golden visa through an investment in real estate. You can spend at least \u20ac 500,000 on any property <\/span><b>or<\/b><span style=\"font-weight: 400;\"> at least \u20ac 350,000 on a property that\u2019s 30+ years old or located in an \u201curban renovation\u201d area.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the \u20ac 500,000 option, you can buy any property. Commercial, residential, rental, etc. are all acceptable. Your net profits from a rental will be taxed in Portugal at 28%, but you can certainly make a profit from your real estate investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The only requirements for these golden visa investment programs are: <\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You must hold the investment throughout your term of residency (usually 6 years). <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The money you invest in Portugal should come from abroad. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You must enter Portugal legally with a valid Schengen visa. <\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">In order to qualify for Portugal\u2019s golden visa program: <\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You must not have violated Portugal\u2019s immigration laws previously (by sneaking into the country and getting caught).<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You can\u2019t have been convicted of any \u201crelevant\u201d crime. If you were convicted of a felony, you\u2019re definitely not getting a residency visa in Portugal.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You must spend at least 7 days in Portugal during your first year of residency and 14 days during each subsequent year of residency.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Once you qualify for Portugal\u2019s golden visa program, you can add on your immediate family. This means that your spouse and dependent children. These family members will also be eligible for residency and citizenship after 6 years.<\/span><\/p>\n<p><b>Here is<\/b> <b>probably the most extensive ebook on <\/b><b><i>Everything You Ever Wanted To Know About Eliminating Your Taxes, Protecting Your Assets And Regaining Privacy Over Your Life And Investments<\/i><\/b><b>. It is called<\/b> <b>The<\/b><a href=\"https:\/\/www.escapeartist.store\/product\/ultimate-guide-to-going-offshore\/\"> <b>Ultimate Guide To Going Offshore<\/b><\/a><b>. <\/b><\/p>\n<p><strong>I hope you\u2019ve found this article on <a title=\"Portugal\u2019s golden visa residency\" href=\"https:\/\/www.escapeartist.com\/blog\/portugals-golden-visa-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">Portugal\u2019s golden visa residency<\/a> and second passport program to be helpful. For more information, contact our office <a title=\"Contact us here\" href=\"https:\/\/www.escapeartist.com\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\">HERE.<\/a><\/strong><\/p>\n<p><strong>Here is a great article you will love.\u00a0 <a title=\"6 Countries Where It's East To Get A Residency Visa\" href=\"https:\/\/www.escapeartist.com\/blog\/6-countries-easy-get-residency-visa\/\" target=\"_blank\" rel=\"noopener noreferrer\">6 Countries Where It&#8217;s East To Get A Residency Visa<\/a><\/strong><\/p>\n<p><strong>\u00a0\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Portugal\u2019s Golden Visa Residency and Second Passport Program Portugal\u2019s golden visa residency and second passport program is the most efficient option for those who want to live and work in the European Union. Portugal\u2019s golden visa option is much more flexible than competitors like Malta and the government is working hard to approve applications quickly [&hellip;]<\/p>\n","protected":false},"author":686,"featured_media":10905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[1399],"tags":[117,127,366,442],"yst_prominent_words":[6895,6906,2529,2751,3244,6879,6876,6877,6882,6880,6878,1887,17397,6888,3219,2376,2754,6884,6891],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2017\/04\/Portugal-Azenhas-do-Mar-beach-side.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/15023"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/686"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=15023"}],"version-history":[{"count":9,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/15023\/revisions"}],"predecessor-version":[{"id":43698,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/15023\/revisions\/43698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/10905"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=15023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=15023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=15023"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=15023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}