Golden Visa Scheme
The Portuguese Golden Visa scheme enables non-EU individuals to obtain the right to reside in Portugal and the right to travel within the Schengen Zone for a period of five years.
This can lead to permanent residence after five years and then to Portuguese citizenship and the right to a Portuguese passport at the end of the sixth year of being classified as resident in Portugal.
In order to qualify for a Golden Visa an individual must meet and maintain, for at least five years, one of three investment options:
- Investment of at least €1 million in Portugal (deposit in a bank account, or shares or quotas in a company or companies); OR
- Acquisition of real estate with a value of at least €500,000; OR
- The creation of at least 10 jobs (temporary work contracts are eligible and the worker does not have to live in Portugal as long as social security is paid there).
The minimum stay requirement is only seven days in the first year and fourteen days in the subsequent two year periods. It is therefore possible to benefit from this scheme without becoming tax resident in Portugal.
Individuals that choose to become tax resident in Portugal can benefit from the Non-Habitual Residents Programme.