What makes the Portuguese Golden Visa so popular? In a word:
You should only spend a minimum of seven days per year in Portugal it gives you visa-free access to the bridge way trust
In this 2021 Definitive Guide to the Golden Visa in Portugal, you will learn:
What is the Portuguese Golden Visa?
Portugal launched the program in 2012. The main objective was to attract international capital to the country, which was badly needed after the economic crisis of 2008. The program has proven to be a great success, since it has raised 5.5 billion euros in just over eight years. Portugal offers a dream landscape, a wide coastline, a sunny climate, hospitable inhabitants and delicious cuisine. Best of all, it delivers that high quality of life at a very affordable cost of living. Read Portugal Residency by clicking on this highlighted link, some info available in this article but remaining on the official site.
Advantages: What are the advantages of the Portuguese Golden Visa?
Visa-free travel and countries
The Golden Visa allows you to register in the central system of the Schengen area. You can therefore travel freely in Europe without an additional visa.
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Live, work and study
If you decide to live in Portugal full time with this permit, then you will need to purchase medical insurance. However, you will have full access to all public services, including health care and education. Learn more about the healthcare system in Portugal. Public schools follow the Portuguese curriculum, although there are many private British and American international schools. For more information, you can read our guide to the Portuguese education system and its international schools.
Fiscal advantages
The Golden Visa program will not result in any tax liability for its applicants unless you spend more than 183 days per year in Portugal. If so, then you become a tax resident in Portugal. Portugal has a favorable tax regime for foreigners who plan to settle in Portugal and become tax residents. Through the Non-Habitual Residence Program (RNH), the country offers some exemption from income tax for the first ten years of residence. The program changed slightly in 2020, exempting foreign retirees from obtaining tax cuts on their retirement income.
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General advantages
Applicants for the Golden Visa have the right to live and work in Portugal, but there is no obligation in this regard. The country offers a favorable tax regime to those who decide to settle in Portugal. Applicants benefit from freedom of movement within the European Schengen visa area. Most family members can get the Golden Visa and all of their benefits at the same time as the principal applicant.
Eligibility: Who can get a Golden Visa in Portugal?
- Nationalities
- Prerequisites
The main applicant must be at least 18 years old and have a clean criminal record in their country of origin, as well as in Portugal. Funds for the investment must come from outside Portugal.
Minimum investment for the Golden Visa
To be able to benefit from the program, an eligible investment must be made. Categories of investment include real estate, venture capital funds, capital transfer, starting a business, and giving. Later in this guide, you will find a list of eligible investments. All other information available on our official website so kindly visit by clicking highlighted link which is mentioned on the upper paragraph.
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