Portugal is bordered to the south and west by the Atlantic Ocean. It is one of the most beautiful countries in Europe with Mediterranean climate.
Portugal residency by investment program with the aim of attracting foreign investments to Portugal, allows people to gain Portugal residency by investing in the economy of Portugal. If a person buys a house in Portugal that would cost at least EUR 350,000, he/she is eligible to gain Portugal residency by investment.
Portugal golden visas usually takes 6 months to process.
1. Purchasing a property in Portugal which is more than 30 years old and requires renovation with the price of at least EUR 350,000
2. 1. Purchasing a property in Portugal with any conditions with the price of at least EUR 500,000
In this program, applicants have to spend just seven days a year in Portugal to keep their Portugal residency.
People who have Portugal residency can live, work, study and have access to health care in Portugal. Moreover, they can have visa free travels to Schengen zone.
Keeping the property for five years would lead to gaining Portugal permanent residency and Portugal citizenship. People can also apply for Portugal passport. In this level, the applicant should pass a basic language test. Gaining Portugal citizenship means gaining European citizenship which gives the right to live, work, study and access the health care in all of the European countries.