Golden Visa Portugal
Full service package
The Schengen Space is formed by 26 European Countries that eliminated the Passport and Immigration controls in the common borders. With a residence permit issued for Portugal, the Investor has the right to enter and circulate freely in all the Countries of the Schengen Space.
Golden residence permit
New laws approved by the Portuguese Government open up the possibility of applying for a residence permit to third state Citizens.
This new residence permit seeks to attract new investment into Portugal through the purchase of real estate for a minimum period of five years.
The holders of the residence permit for investors will have the right to family regrouping and may gain access to a permanent residence permit, as well as to Portuguese citizenship in accordance with the current legal provisions. The investor must purchase one or more properties with a value of or above € 500,000.00 (five hundred thousand Euros). They may also choose to purchase a property in co-ownership as long as each co-owner invests more than € 500,000.00 (five hundred thousand Euros).
The requisite of purchasing a property can also be demonstrated with a promissory contract with a deposit of or above € 500,000.00. This means that a residence permit for investment can be applied for with a mere signed promissory contract. The promissory contract must be registered at the Land Registry Office and before renewing the residence permit for investment, the title deeds of purchase and sale must be presented.
A declaration issued by a financial institution is also necessary to prove the transfer of the capital for payment of the deposit in the promissory contract in the amount of or above € 500,000.00 (five hundred thousand Euros).
The properties purchased can be rented out or leased for commercial, agricultural or tourist exploration.
Golden Residence Permit renewals
To renew the residence permit applicants may stay a minimum of:
- Only 7 days during the first year and not 30 days
- Only 14 days and not 60 days during the following two years The residence is valid for five years but it is necessary to renew it during this period:The first renewal is done after one year and it is renewed for two years;
When the first renewal ends it is possible to do another renewal for another two years.
To apply for the residence permit the following documents must be presented to the Portuguese Authorities (SEF):
- Evidence of ownership of real estate free from any liabilities, with an up-to-date certificate issued by the Land Registry Office;
- To prove compliance with tax obligations, the applicant must present a declaration proving the absence of debts issued by the Inland Revenue and Customs Authority and by the Social Security;
- The investor must stay in Portugal for 7 days in the first year and 14 days in each following two years;
- Applicants must not have been convicted of a crime punishable with imprisonment of over one year;
- Applicants must not be the subject of an entry ban into national territory following a removal order from the country;
- Applicants must not be the subject of alerts in the Schengen Information System;
- Applicants must not be the subject of alerts in SEF’s Integrated Information System issued for purposes of non-admission.
Other requirements under General Law
Documents:
- Passport or another valid travelling document
- Proof of legal entry and permanence in national territory
- Proof of health insurance
- Signed application enabling verification of the Portuguese Criminal Records by SEF
- Criminal Record Certificate from the relevant authority of the applicant’s home country or from any other country where he / she resided for over a year, requirements of the investment activity
- Investment activity for a minimum period of five years attested by a bona fide declaration signed by the applicant
Family Regrouping
The holders of this residence permit for investment may apply for family regrouping under the provisions of the General Law.
The process of family regrouping will take three months.
Family regrouping is authorized for the following members:
- Spouse
- Underage children (-18)
- Adult children those who are single and studying in a Portuguese School (in the Present they can be studying in their Country of Origin, or where they are currently living).
Other situations are also possible but must be verified beforehand with the Portuguese Authorities and the Portuguese Law.
It is also necessary for the applicant to prove to the Portuguese Authorities that they have:
- A place for the family to live
- Proof of income above € 12,000 a year for each adult (above 18 years)
- Proof of income above € 6,000 a year for each child under 18 years.
GOLDEN VISA FULL SERVICE PACKAGE – PRICES AND COSTS
Legal services offered
The Legal Services provided follow our line of action throughout the process:
- First meeting with the Customer – explanation of the all process and clarification of doubts;
- Preparation of the Powers of Attorney;
- Opening a bank account in Portugal;
- Obtaining the Portuguese fiscal number;
- Providing contacts for Fiscal representation services;
- Receiving and maintaining funds in our Client’s Bank Account / escrow account (if needed);
- Analysis of all documentation relating to the ownership of the property;
- Elaboration of the Reservation Contract;
- Elaboration of the Promissory Contract;
- Final Deed;
- Title registration acquisition of property rights in the Land Registry and Financial Services;
- Representing the owner in Several Public Services Companies – electricity, gas, water;
- Preparation and submission of the residence permit granted to investment activities (Golden Visa) and following the all process for the 5 year period in the Immigration Services in Portugal – for the investor and it’s family members;
- Accompaniment of the renewals of the golden visa applications – for the investor and it’s family members;
- Process of obtaining the Portuguese Nationality;
- Acting as trustee of all legal documentation relating to the property.
Note 1 – All the 16 points are included in the package of services we provide for the Golden Visa
Legal Fees — Golden Visa Package
| Legal Fees | Euros |
| Golden Visa for the investor | 20 000.00 |
| Golden Visa for each direct family member | 4 000.00 |
The VAT is not included in the price provided above; if applicable the value is of 23%.
Legal Fees – Other Services (OPTIONAL)
- Elaboration of rental contracts or other Contracts;
- Juridical support regarding the real estate and the rental contract – answering questions, keeping up the contacts with the realtor and the tenant and constantly providing feedback to the Client;
- Providing contacts for other services, such as realtors, gardening companies, lifts, decoration companies;
- Help the Client communicate with all services contracted in Portugal – Realtors, fiscal representatives, Health Insurance Companies.
| Legal Fees | Euros |
| Services regarding the property | 2000.00 |
The VAT is not included in the price provided above; if applicable the value is of 23%.
Legal Fees – Portuguese Nationality (OPTIONAL)
- Process of obtaining the Portuguese Nationality – after the temporary residency.
| Legal Fees | Euros |
| Fixed value for each family member | 5 000.00 |
The VAT is not included in the price provided above; if applicable the value is of 23%.
Other costs related to the process, real estate acquisition and emission of the Golden Visa
| Public Costs – Immigration | Euros |
| Process analysis by SEF | 1000,00 – Investor150,00 – Each family member |
| Issue of the Visa | 10,000.00For person-until 18 50% discount |
| Renewals | 5,000.00 – For person |
| Notarial Costs and Taxes | Euros |
| Notarial Fees | 2000,00 plus VAT |
| Public registration of property acquisition | 700,00 |
| Property transfer tax | 6.5% – Construction plots, offices Approx.6% – Villas and apartments 5% – Rustic Land |
| Stamp Tax | 0.8% |
| Municipal Tax on Real EstatePayed yearly depending on the value of the real estate | 0.3%-0.5% – Villas and apartments0.8% – Rustic Land |
| Other Costs | Euros |
| Opening a Bank Account in Portugal | 1000,00 |
| International Health Insurance | Proposal to be presented for each Client |
| Fiscal Representation Services | Euros |
| Fiscal Representation Payed yearly | From 800,00 to 1600,00 approximately |
Golden Visa Portugal – Full Service Package is available from 5 Stars Europe
