Get a 2nd passport with a golden visa in Portugal with real estate opportunities and travel objectives? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! Can foreigners get a mortgage in Portugal? For a Golden Visa Portugal Mortgage, you should ask the local banks located nearby the property. There are no restrictions on foreigners. However, you still need to get your Portuguese Taxpayer Identification Number (TIN) first. Should I hire a lawyer for the Golden Visa Program 2020? Engaging a Portuguese lawyer will make your life easier during the Portugal Golden Visa processing time and protect you from entering in overpriced transactions. The Portuguese tax law requires the appointment of a Portuguese tax representative. Local lawyers are included in our pricing.
The initial application is now submitted online, including copies of the supporting documentation. After the request is approved by Serviço de Fronteiras e Estrangeiros (SEF), you will have to appear in person for an interview. Initially, the interview would take place in the district where the investment was made. Nowadays, however, SEF will allow you to book the interview in any district of your choice. This change has helped reduce the waiting time overall, especially in the more popular districts such as Lisbon and Faro. At the end of year 4, another renewal process takes place. It is virtually identical to the process at the end of year 2.
In order to be eligible for the scheme you must conduct an investment activity either as an individual or a company set up in Portugal or another EU Member State, meet the time requirements above and do one of the following: Make a capital transfer of at least 250,000€ (two hundred and fifty thousand euros) for investing in artistic output or supporting the arts, for reconstruction or refurbishment of the national heritage, through the local and central authorities, public institutions, public corporate sector, public foundations, private foundations of public interest, networked local authorities, local corporate sector organizations, local associations and public cultural associations, pursuing activities of artistic output, and reconstruction or maintenance of the national heritage. See more details on Portugal’s golden visa is the best way to move to Europe.
Established in 2012, Portugal’s Golden Residence Permit Program (ARI) enables non-EU/EEA citizens to obtain a special residence permit in exchange for a 5-year investment in Portugal. What’s unique about the permit is that the investor only has to spend about seven days per year in Portugal to maintain the residency, while still reaping all the benefits of being an EU resident—including visa-free travel in the entire Schengen area. By far the leading share of Golden Visas have been issued to Chinese nationals (although their share has been declining recently), followed by Brazilian, South African, Turkish, and Russian citizens.
As well as being able to experience the Portuguese lifestyle for yourself, the Golden Visa scheme will also provide you and your family with the opportunity to explore the rest of Europe and discover all that it has to offer. Those enrolled in the scheme will benefit from the following: No visa required to enter Portugal , Visa exemption for travelling through Europe (within Schengen Area). You can live and work in Portugal. Dependent family members can also obtain temporary Portuguese residency. Discover additional information at https://www.idealhomesinternational.com/.