Golden Visa of Portugal: participation conditions and news

Obtaining residency or citizenship in EU countries: A significant step for investors

For many investors, obtaining a residence permit or citizenship in European Union countries is an important step. The "Golden Visa Portugal" program is particularly popular among residents of Russia, Ukraine, Belarus, and Kazakhstan. Today, Oleg Raylyan, the CEO and co-founder of the real estateagency Amber Star, shares information about this program, highlighting its relevance and the specifics of obtaining a residence permit in Portugal through investments.

"Golden Visa in Portugal: Legal stay through investments

The "Golden Visa" program in Portugal offers the opportunity for legal residency through investment. By the end of 2021, there was a noticeable increase in interest in the program from citizens of various countries, such as China, Brazil, and Turkey. However, starting from early 2022 until June, the acceptance of new applications was temporarily suspended, which created difficulties for potential participants. As of June 14, the Portuguese immigration service resumed accepting applications for the Golden Visa, leading to an increase in demand. Currently, the highest interest is shown by clients from Russia, the USA, Ukraine, and India.

Difficulties in opening bank accounts for citizens of Russia and Belarus

Although there are no formal restrictions on participation, citizens of Russia and Belarus may encounter some difficulties when opening bank accounts. Thanks to the cooperation of Amber Star with several Portuguese banks, it is possible to resolve these issues. The process of obtaining a "golden" residence permit can take up to a year due to the high volume of applications to the Portuguese immigration service.

Constant information and support from Amber Star

Amber Star actively monitors the situation and provides its clients with up-to-date information to help them understand the ins and outs of the Golden Visa program. information, helping them to understand all the intricacies and steps involved in the Golden Visa program. Portugal" program.

The program for obtaining residency through investment in Portugal.

To become a participant in the "Golden Visa" program and obtain a residence permit through investments in Portugal, applicants must meet a whole set of conditions. One of the main requirements is to invest funds from a Portuguese investor's account or from a trust account of a legal entity registered in Portugal. Additionally, candidates must not have previously been convicted of a crime with a sentence of more than one year, must not hold a residence permit in Portugal, and must not be citizens of European Union countries. It is also necessary not to be subject to a ban on entering the national territory and the Schengen area at the time of applying for the program.

Minimum investments and restrictions

The cost of investments for purchasing real estate starts at €280,000; however, this minimum can vary depending on the region where the property is acquired. It should also be noted that these restrictions were introduced to encourage balanced development across all regions of the country.

Golden Visa of Portugal: Responsibilities and Investments

Obtaining a Golden Visa for Portugal comes with a special privilege, but it also imposes certain obligations on you regarding investments in the country. The participant must spend a specific number of days in the country and maintain their investments for five years. The renewal process for the Golden Visa occurs every two years with minimal time commitment.

Remote registration option

It is possible to apply for a Golden Visa remotely with the help of attorneys who represent the interests of the client and can apply online. One of the main requirements is a visit to Portugal to biometric data collection. When choosing an object for investment, it is important to take into account the current trends in the market real estate.

Real estate investments

In the case of Portugal, as in many other countries, there has been a significant increase in housing prices. As a result, investors prefer the primary market, where for the same investment, they can obtain a larger area or a more advantageous location. Currently, real estate under construction is considered the most promising.

Investment sizes

One of the key factors is the amount of your investment, which can be as follows:

• 500,000euros in housing in the hinterland of Portugal and Madeira
• 400,000euro in residential real estate in low population density regions of the interior of Portugal and the Azores
• 350,000euros in real estate in urban rehabilitation areas or older than 30 years
• 280,000euros for real estate in urban rehabilitation zones or older than 30 years in areas with low population density in the interior regions of Portugal and the Azores

Development and Security Program

The Golden Visa program opens the door to a wide range of development and security opportunities for you and your family, offering various ways to invest in Portuguese real estate.