Portugal Investor Immigration:
The Portuguese Golden Visa program is a program providing citizenship by investment in real estate properties. The system was launched in October 2012 and has become one of the most successful citizenship programs in the world by investment programmes. Non-EU citizens are clearly expected to retain the investment for 5 years. After 5 years, investors and family members are granted a permanent residence status, and then qualify to become Portuguese citizens after 6 years ( 1 more year after being awarded PR status). Applicants are given a “golden visa” after making the real estate investment which allows visa-free travel to the entire EU before the applicants wait for their PR status after 5 years. Portugal is a part of the European Union so this process allows you to become part of the EU as well.
On 8 October 2012, the Portuguese Government made amendments to Immigration Law 29/2012 allowing non-EU citizens to receive a temporary EU residence permit for up to five years in exchange for investments in the real estate of Portugal. The new regulations offer non-EU citizens a simple and quick way to obtain a five-year Residence Permit (Golden Visa) for property investors.
Pursuant to Portuguese Nationality Law 37/81 of 3 October 2006, amended by Decree Law No. 322-A/2001 of 14 December, Article 6, the Government shall grant the Portuguese nationality by naturalization to foreigners who fulfill the requirement to be legally resident in Portuguese territory for at least five years.
Portugal’s passport ranks sixth most strong in the world. This provides visa-free travel to more than 172 countries. In every country in the European Union, Portuguese passport holders have the freedom to learn, work and stay.
After acquisition of real estate with a valuation of €500,000, the Portuguese Golden Residency Permit will be issued indefinitely for an initial term of one year, and will then be extended for a total of five years with two successive terms of 2 years. The holder can apply for a Permanent Residency Permit after the five years have elapsed.
Qualifying Criteria
- Investment in real estate for a minimum of 5 years.
- Acquisition of property worth € 500,000
- Relaxed Residency Requirement
- Residency requirements are only 7 (seven) days during the first year and 14 (fourteen) days every 2 (two) years afterwards.
- Benefits of the Golden Visa
- Children aged 18 and above involved in continuous education qualify.
- Parents (if dependent on applicant) will also qualify as dependents.
- No need to obtain a visa to enter the European Union countries.
- Living and working in Portugal, even with residency in a different country
- Residency extended to family members
- Extremely low minimum stay periods
- Permanent Residency after 5 years
- Citizenship after 6 years. After which, one can live/work anywhere out of 26 Schengen countries.
- Health and Education benefits similar to those of Portuguese citizens.
Investment requirement:
The minimum amount of investment needed to apply for residency and citizenship under the USA EB-5 is US$ 900,000 in a designated field of work. A targeted employment area is a geographic region that the US government has designated as one in which they seek to generate more jobs by attracting investment.
Initially, the conditional Permanent Residency / Green Card is given to the applicant, who is subject to EB-5 applicant requirements being met. For its investors, Lalani & Associates has vetted many projects in the hospitality industry which it recommends for investment in the EB-5 market.
After receiving a green card, in order to be eligible for citizenship, the applicant must live physically in the US for 2.5 years out of a 5 year period. This is recommended that the applicant spend at least 90 days a year in the US in order to retain Permanent Residency / Green Card.
Personal Freedom:
- European Residency in 6 months
- Full family residency. You and your family enjoy European Residency status and all of its benefits
- No need to reside in the country
- Can lead to Portuguese Citizenship after 5 years
- If citizenship is obtained in the future, dual nationality is allowed
- Open to most non-EU nationalities
Benefits:
Personal Freedom:
- European Residency 6 months
- Full family residency. You and your family enjoy European Residency status and all of its benefits
- No need to reside in the country
- Can lead to Portuguese Citizenship after 5 years
- If Citizenship obtained in the future, dual nationality allowed
- Open to most non-EU nationalities
Working Experience:
Also over the past 5 years, the Quebec Investment Plan needs 2 years of full-time job experience. The training has to include a form of supervision, preparation, and financials. Work experience must be documented.
Examples of work experience include business, technical industry , agriculture, department or entity of foreign policy, NGO, international corporation, or industrial management.
Program summary:
- Investment amount: USD $500,000
- Investment type: Investor’s own business
- Spouse: Yes
- Children: Yes (under 21 years of age)
- Parents: No but can be sponsored after citizenship
- Processing time: 18 to 24 months (average)
- Physical residency requirements: Land once every 6 months to maintain residency.
- Live 2.5 out of 5 years for citizenship
- Length of status received: Non-expiring green card/permanent residency
- Permanent residency: Immediately
- Citizenship: After 5 years of permanent residency
- Specific program requirements: Must show legal source of funds
- Nationality disqualifications: No
- Dual citizenship: Yes
Your journey
Step One
FREE Assessment / Evaluation of Project Documents / Compiling of application / Funds are transferred to the U.S. escrow account / Attorney files the I-526 Petition with USCIS.
Step Two
Applicant receives I-526 approval / Applicant and family attends the interview at the U.S. Consulate / 2 year conditional green card is received and applicant may move to the U.S. if they wish.
Step Three
After 2 years of conditional residency – Attorney files I-829 Petition with USCIS to remove conditional resident status.
Step Four
Applicant receives I-829 approval and receives a permanent resident status in the USCIS that does not expire / Approval is applied to the project and the applicant can exit the project under the Limited Partnership Agreement.
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