openPR Logo
Press release

Moving to Portugal? Everything One Needs to Know About Second Passport and the Golden Visa.

08-24-2020 10:57 AM CET | Tourism, Cars, Traffic

Press release from: Ideal Homes International

Ideal Homes Portugal

Ideal Homes Portugal

To acquire fast citizenship, which allows you to legally secure a second passport, an investment program is required. One such program is the Golden Visa Program for citizenship in Portugal
Portugal's Golden Visa Residency Program
The Golden Visa program emerged from Portugal's real estate residency program. It encourages the rights of non-European and allows their dependents to freely travel within the Schengen Region (Austria, France, Germany, and the European Union).
Eligibility Criteria
1. You should not be a citizen of the European Union.

2. Have a record at your current residency.

3. Stay for at least 7 days in Portugal in the first year and 14 days each for the next two years.
Here's how you get a Golden Visa in Portugal.
Applicants must make at least one of the investments below:
1. Transfer a minimum of €1,000,000 in your bank account in Portugal.

2. Start a business with a capital of at least €500,000.

3. Generate employment (10 jobs minimum) in the country.

4. Ownership of a property with a minimum worth of €530,000,

5. Purchase property in Portuguese urban regeneration areas that is at least 30 years old, with a minimum worth of €350,000, €290,000 in low-density areas.

6. Transfer a minimum of €350,000 in business ventures or investment for generating capital for the companies that meet requirements.

7. Investing a minimum of €350,000 in private or scientific research Institutions.

8. Invest at least €250,000 in Portuguese arts and culture.

9. A capital investment of at least €250,000 in the maintenance or renovation of cultural heritage properties.

10. Invest a minimum capital of €350,000 to develop the share capital of a company that has its registered office in Portugal. Along with generating employment for 5 permanent jobs, for 3 years.

Apart from these Traditional Investments, there are a few funds especially facilitated for Golden Visa Investors:
1. BlueCrow Growth

2. NEST Capital Fund

3. PT Co Innovation

4. New Edge

5. Golden Bridge

6. Portugal Yield Fund, and so on

Unlike other investment funds,the above mentioned are available for a US citizen.
For acquiring a Portugal passport or citizenship you have to maintain a good standing of Golden Visa for 5 years and 1 year of permanent residency.
The application of the Golden Visa can be submitted online or in-person through the Portuguese Immigration and Border Services.
List of Documents Required:
1. A passport or any valid document for identification

2. Proof of tax payment and other obligations.

3. Health insurance issued within the last three months.

4. Evidence of entry in Portugal through legal means.

5. A certificate of criminal record issued within the last three months
Since it is an investment program, the basic requirement includes your promising financial records of investment (past 5 years) in the current residency.
1. Investment in real estate

2. Generating employment or running a business.

3. A statement recorded by the bank.
Moving to Portugal can be significantly valuable, especially for a citizen of the United States. Since US citizens usually need a visa to travel within foreign countries, moving to Portugal becomes easy. It allows visa-free travel to around 174 countries.
A European passport is amongst the most powerful passports in the world. Whether you want to settle in after retirement, carry out business investments, reside or travel, being a citizen of the European Union is advantageous overall.

enquiries@idealhomesinternational.co.uk

Ideal Homes Portugal Facebook
https://www.facebook.com/idealhomesportugalportugalpropertyforsale/?ref=br_rs

Ideal Homes International Facebook
https://www.facebook.com/IdealHomesInternational/?ref=br_rs

Ideal Homes YouTube Channel
https://www.youtube.com/c/IdealHomesInternational/videos

Ideal Homes Portugal
Ideal Homes Portugal Website Ideal Homes International Website
http://www.idealhomesinternational.co.uk/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Moving to Portugal? Everything One Needs to Know About Second Passport and the Golden Visa. here

News-ID: 2119566 • Views: 671

More Releases from Ideal Homes International

Ideal Homes International are featuring their Future Freedom three day webinar s …
The free to sign up series started today at 5pm and saw a great turn out with individuals wanting to purchase property in Portugal and Spain. Day 2, Friday 18th September will see more detailed information on Portugal's Golden Visa and Spanish residency options. Starting at 5pm GMT+1 / 12pm EST for the duration of one hour, make sure to sign up by clicking this link - https://bit.ly/2QHVeYW. Due to the success
Ideal Homes International - Reduced Properties For The Golden Visa Portugal
Algarve, Portugal - Ideal Homes International will be hosting another three day webinar for those interested in buying property in Portugal. Starting on Monday 24th August https://forms.gle/1xMEt6CiShaXJVv66 at 5pm GMT+1, London/Lisbon time, the event will run until 7pm across all three days and will also cover buying property in Spain. Covering a variety of topics from market updates to the buying process in each respective area, as well as financing
Reduced Properties For Sale in the Algarve with Ideal Homes International
Ideal Homes International ( https://www.idealhomesinternational.co.uk ) has just announced they will be hosting another three day webinar following on from the success of their Virtual Vantage webinar series in July. Starting on Monday 24th August at 5pm GMT+1, London/Lisbon time, the event will run until 7pm across all three days. Experts from Portugal and Spain will be on hand for interested individuals wanting to purchase a property in either the Algarve

All 4 Releases


More Releases for Portugal

Portugal Telecoms, Mobile and Broadband Market Growth, Challenges and Industry K …
WiseGuyReports.com “Portugal - Telecoms, Mobile and Broadband - Statistics and Analyses” report has been added to its Research Database. Scope of the Report: Portuguese telcos looking to complete national fibre networks by 2020. Portugal has a medium-sized telecom market with a strong mobile sector and a growing broadband customer base focused on the delivery of fibre-based services. Investments in network upgrades are continuing in an effort to attract customers to high-end services,
The Baby Food Sector in Portugal 2018-Nestlé Portugal, Danone Portugal, Alter S …
"The Baby Food Sector in Portugal, 2018", is an analytical report by Publisher which provides extensive and highly detailed current and future market trends in the Portuguese market. The baby food sector declined sharply up to 2014, but seemed to turn a corner in 2015 and 2016 thanks to increased birth numbers, an improved economy, and higher disposable incomes. A drop in the number of births in 2017, however, saw the
The Baby Food Sector in Portugal, 2018
"The Baby Food Sector in Portugal, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Portuguese market. The baby food sector declined sharply up to 2014, but seemed to turn a corner in 2015 and 2016 thanks to increased birth numbers, an improved economy, and higher disposable incomes. A drop in the number of births in 2017, however, saw the
The Baby Food Sector in Portugal 2018
ReportsWeb.com published “Baby Food Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. "The Baby Food Sector in Portugal, 2018", is an analytical report by Publisher which provides extensive and highly detailed current and future market trends in the Portuguese market. The baby food sector declined sharply up to
Portugal Ultrasound Systems Market Outlook to 2022
Publisher's new report, "Portugal Ultrasound Systems Market Outlook to 2022", provides key market data on the Portugal Ultrasound Systems market. The report provides value, in millions of US dollars, volume (in units) and average prices (USD) within market segments-2D Ultrasound Systems, 3D Ultrasound Systems, Real-Time 3D/4D Ultrasound Systems and Hand Held Ultrasound (HHU) Systems. The report also provides company shares and distribution shares data for the market segment, and global corporate-level
Fuel Cards in Portugal 2016
"Fuel Cards in Portugal 2016" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- ** Summary Fuel Cards in Portugal 2016 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to