Portugal Golden Visa for clients awaiting residency in the USA
A few years ago, I realised Azerbaijan was too small for my ambitions and my company’s growth.
Seeking more business opportunities, I set my sights on the United States, attracted by its vast market and stable economy. However, while exploring legal ways to live in the US, I discovered it could take up to 10 years to obtain a residence permit there. Not ideal, to say the least!
While waiting, my wife and I applied for residency in another country. Not wanting to deal with complex immigration processes again, I turned to Immigrant Invest. With their help, we secured residence permits in Portugal nearly 10 times faster than in the US.
Farid and Sabina,
Owner of a fintech company and a housewife
Clients’ names and photos have been changed
This case was provided by our expert
Editor-in-chief, content creator
Portugal Golden Visa for clients awaiting residency in the USA
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How Farid and Sabina obtained residence permits in Portugal
Farid and Sabina obtained their residence permits in Portugal in about 14 months. Immigrant Invest assisted them at every step of the process.
The total cost for Farid to obtain the Portugal Golden Visa was €954,550, including the real estate purchase.
September 3rd, 2023
Preliminary Due Diligence
The Immigrant Invest Anti-Money Laundering Department conducted a background check on Farid before signing the agreement. This preliminary Due Diligence reduced the risk of application refusal to 1%.
Farid’s check was successful, so Immigrant Invest proceeded with his case.
The Immigrant Invest Anti-Money Laundering Department conducted a background check on Farid before signing the agreement. This preliminary Due Diligence reduced the risk of application refusal to 1%.
Farid’s check was successful, so Immigrant Invest proceeded with his case.
+ 1 week
Obtainment of a tax number
Immigrant Invest helped Farid obtain a Portuguese tax number, Número de Identificação Fiscal, NIF. This tax number is mandatory for purchasing or renting property, registering a business, or opening bank accounts.
Immigrant Invest helped Farid obtain a Portuguese tax number, Número de Identificação Fiscal, NIF. This tax number is mandatory for purchasing or renting property, registering a business, or opening bank accounts.
+ 1.5 month
Opening of a bank account
Farid needed a Portuguese bank account to make investments. The lawyer helped with the opening and activation of the account, after which Farid transferred the funds to purchase investment fund units.
Farid needed a Portuguese bank account to make investments. The lawyer helped with the opening and activation of the account, after which Farid transferred the funds to purchase investment fund units.
+ 2 weeks, €506,250
Investment
Farid invested in fund units contributing to real estate in Portugal. The total investment was €500,000, along with a 1.25% subscription fee of €6,250.
After the transaction, Immigrant Invest’s lawyer collected documentation to prove the purchase of the fund units.
Farid invested in fund units contributing to real estate in Portugal. The total investment was €500,000, along with a 1.25% subscription fee of €6,250.
After the transaction, Immigrant Invest’s lawyer collected documentation to prove the purchase of the fund units.
+ 5 months, €1,210
Preparation of documents and application
Immigrant Invest’s lawyer provided a detailed list of required documents, including:
-
copies of passports;
-
marriage certificate;
-
certificate of no criminal record;
-
document authorising Portuguese authorities to access Farid’s criminal records;
-
evidence of an international and effective transfer of funds;
-
health insurance.
The lawyer completed the government forms translated, and notarized the documents. E-copies were sent to the Agency for Integration, Migrations and Asylum, AIMA.
At this stage, Farid paid an application fee of €1,210 for himself and Sabina.
Immigrant Invest’s lawyer provided a detailed list of required documents, including:
-
copies of passports;
-
marriage certificate;
-
certificate of no criminal record;
-
document authorising Portuguese authorities to access Farid’s criminal records;
-
evidence of an international and effective transfer of funds;
-
health insurance.
The lawyer completed the government forms translated, and notarized the documents. E-copies were sent to the Agency for Integration, Migrations and Asylum, AIMA.
At this stage, Farid paid an application fee of €1,210 for himself and Sabina.
+ 2 weeks
Submission of biometrics
Farid and Sabina travelled to Portugal to submit their fingerprints and original documents at a scheduled appointment.
Farid and Sabina travelled to Portugal to submit their fingerprints and original documents at a scheduled appointment.
November 19th, 2024, €12,090
Approval
AIMA reviewed Farid’s documents over six months and approved the application. Farid then paid residence permit fees of €12,090 for himself and Sabina.
Documents were issued within two weeks and sent to investors by Immigrant Invest lawyers.
AIMA reviewed Farid’s documents over six months and approved the application. Farid then paid residence permit fees of €12,090 for himself and Sabina.
Documents were issued within two weeks and sent to investors by Immigrant Invest lawyers.
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