How to Get Residency in Portugal

How to Get Residency in Portugal
How to Get Residency in Portugal

A residence permit in Portugal can be obtained in different ways such as finding a job, opening a business or getting married. You can also take part in the investment program. Cosmopolitans invest from €250,000 in the country’s economy and receive status in an average of six months. They are not required to live permanently in the country in order to keep the residence permit card.

Ways to obtain a residence permit in Portugal

A residence permit in Portugal allows you to live in this country and visit the Schengen state without a visa. A residence permit card can be obtained in several ways:

  • find a job in Portugal;

  • go to a local university;
    reunite with family;

  • marry a Portuguese citizen;

  • request status for scientific research;

  • provide especially valuable services to the state;
    prove that the applicant has a home in Portugal and passive income;

  • invest in the country’s economy.

To maintain an EU residence permit, you need to spend at least 183 days a year in the country. This does not apply to investors as they are subject to more flexible conditions.

A residence permit in Portugal by investment allows you to get all the benefits of status without European permanent residence. To do this, you need to invest in the country’s economy from €250,000.

In order to keep the residence permit card in Portugal, the investor only needs to spend 7 days a year in the country. After 5 years of residency, application for permanent residence or citizenship can begin. This is the easiest way to get permanent residence in Europe. To even obtain a passport, you do not need to live in Portugal: it is enough to comply with the requirements of the investment program.

Как получить ВНЖ в Португалии за инвестиции
Beach at Benagil Cave. Carvoeiro resort in the Algarve region, Portugal

Beach at Benagil Cave. Carvoeiro resort in the Algarve region, Portugal

Investments for obtaining a residence permit card in Portugal

The EU resident permit program in Portugal offers investors 8 options:

  • €250,000 — support for cultural projects;

  • €350,000 — investments in research activities;

  • €350,000 — purchase of units of investment funds;

  • €350,000 — investment in a new or existing business with the creation of at least 5 jobs;

  • €350,000 — purchase of real estate objects over 30 years old for restoration;

  • €500,000 — purchase of any residential or commercial property;

  • €1,000,000 — capital transfer;

  • opening a business and creating 10 jobs.

The investment amount will not change if the investor includes his wife, children or parents in the application.

The most popular options for the residence permit by investment program in Portugal are the purchase of real estate in the amount of €500,000 or objects for restoration from €350,000. In 2020, they were selected by 91% of applicants.

From January 1, 2022, the terms of the program will change. To obtain a residence permit in Portugal, it will be allowed to buy real estate only in certain regions of the country. The amount of investment for a number of options will also grow.

How to get a residence permit in Portugal by investment

To get a residence permit in Portugal by investment, a cosmopolitan needs to go through several stages. Let’s consider them using the example of options with the purchase of real estate.

1. Apply to Immigrant Invest and pass a preliminary check. By law, you can only participate in the program with the help of a licensed agent. Therefore, the path to a residence permit begins with contacting us: during consultations, lawyers will tell you about the program, its conditions, and answer questions.

If the residence permit program in Portugal is the most suitable, we will proceed to the preliminary check. Immigrant Invest is the only agent of the residence permit program in Portugal with its own compliance department. We immediately assess the chances of getting the status.

The Certified Compliance Anti Money Laundering Officer conducts a preliminary Due Diligence check. She only needs a passport and the results will be ready in one working day.

If the lawyers of Immigrant Invest do not find the risks, we settle on an agreement with the applicant.

2. Choose and buy real estate. Immigrant Invest specialists help the applicant find the best places to invest in real estate and select several objects for purchase. Then the applicant needs to go to Portugal for two days to inspect the property and open a bank account.

When the object is selected, you can end the sale and purchase transaction. All documents are drawn up by a lawyer in Portugal.

The applicant pays the cost of the property, taxes and fees. After the completion of the transaction, the lawyer on his behalf receives a document on the ownership of the object.

An example of real estate for participation in the residence permit program in Portugal in 2021 — an apartment of 63 m2 in Lisbon. The cost is €550,000. Renting out will bring 3—5% per year

An example of real estate for participation in the residence permit program in Portugal in 2021 — an apartment of 63 m2 in Lisbon. The cost is €550,000. Renting out will bring 3—5% per year

An example of real estate for participation in the residence permit program in Portugal in 2021 — an apartment of 63 m2 in Lisbon. The cost is €550,000. Renting out will bring 3—5% per year

An example of real estate for participation in the residence permit program in Portugal in 2021 — an apartment of 63 m2 in Lisbon. The cost is €550,000. Renting out will bring 3—5% per year

An example of real estate for participation in the residence permit program in Portugal in 2021 — an apartment of 63 m2 in Lisbon. The cost is €550,000. Renting out will bring 3—5% per year

3. Collect documents. Immigrant Invest lawyers form a package of documents required to obtain a residence permit in Portugal.

The investor provides personal documents according to the list: passports, certificates, certificates, extracts. Lawyers fill out state forms, help the applicant with obtaining certificates, certify copies and submit papers for translation.

4. Apply for participation in the program. Immigrant Invest lawyers submit an application on behalf of the investor to participate in the Portugal Golden Visa program. A package of documents is attached to it.

At this stage, copies of papers are sent electronically. The program department checks them for one to two months.

5. Submission of original documents and submission of biometrics. After completing the verification, the lawyer records the investor and his family to submit original documents and biometric data. By the appointed date, the applicant, his wife and children arrive in Portugal — at this stage, a personal presence in the country is required.

The investor is issued a document that allows him to live in Portugal until a decision is made on a residence permit.

6. Obtain a residence permit. When the investor submits documents and submits biometrics, the Due Diligence check begins. It lasts from four to six months.

When a positive answer comes, the applicant pays the fee for the residence permit cards. They are printed in two weeks. You don’t need to go to Portugal for them: they can be received by a lawyer and sent to the investor’s address.

Immigrant Invest takes care of paperwork and approvals at every stage of the program and even after obtaining a residence permit. When an investor needs to renew his resident status, we will help to draw up and submit documents.

If you have any questions about the Portugal residence by investment program, we welcome you for an individual consultation. Our lawyers will tell you all about the nuances of obtaining a status and help you understand whether it is suitable for your purposes.

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