The Portuguese Golden Visa program is your easiest way to travel, live and study in Portugal. A good place to start would be the country which is one of the most peaceful countries in the world rankings with some of highest quality of life. This explains why many immigrants are attracted to it.
However, before applying for the Golden Visa program, there are some serious things you need to know about it. Learn about them to get well prepared for it. Fortunately, here’s all you should know about the program below.
- Minimum Contribution
The Golden Visa program involves investing in Portugal. You must invest a specified amount of money into some of the companies in the country. But the company you choose to inject your money should be licensed under the Portuguese laws.
On top of that, you shouldn’t just invest any amount. There’s a set minimum amount of money you should inject to qualify for the program. Your investment should be 500,000 Euros or more. The best thing is to get guidance from the company processing your application on the right firms to invest in. It walks you through what kind of investments are eligible for the program.
- Processing Time
Like other immigration programs, the Portuguese golden visa program also takes some time. This is because the authorities have to first verify a number of things for the many applicants. It takes over 18 months but the long wait will be worth it when your application is successful.
Additionally you will be required to travel back and forth in the application time period. You use them to choose the right investment, open your bank account, and start working on the legal process. It is during this time that you also submit your original documents and provide biometric data.
- Key Benefits
To begin with,it offers you the ability to travel visa free to Portugal and other European Countries. You also can live, study and work in the country. It makes your stay conducive as it saves you from the hustle of working on your study and work permits.
They are part of the Golden Visa Program package. Best of all, you are also eligible for citizenship after you stay in Portugal for five years. You are free to apply for it and you can keep your other citizenships.
Without a doubt, the program enables you to enjoy Portugal’s international quality healthcare, rich culture, and security.
- Document Requirements
At the time of application to Program, there are some documents which you have submit to the concern persistences. These enable them to evaluate if you qualify to travel and stay in their country or not.
First of all, you should have a valid passport that proves your citizenship in your native country. Then, you need a proof of investment and health insurance. More so, you should have a clean criminal record because the country doesn’t welcome criminals into its territories. Those are the major documents required but there can still be other supporting documents requested.
Consider the Portuguese Golden Visa Program
The Portuguese golden visa program is a blessing to many people because it has enabled them to move to Portugal. It saves them from having any trouble with the immigration office.
