The Golden Visa in Portugal, also known as the Residence Permit for Investors, is a program aimed at foreign investors who wish to reside in the country. Here are some key points about the Golden Visa in Portugal:
1. *Eligible Investments:* To obtain the Golden Visa, investors must make certain types of investments in Portugal. This can include purchasing real estate, transferring funds, creating jobs, or contributing to cultural or scientific activities.
2. *Real Estate:* Many applicants choose to invest in real estate, with the purchase of properties with a set minimum value being one of the options. The location of the property can influence the amount of the investment.
3. *Minimum Investment Amount:* There are defined minimum amounts for each type of investment. These values can vary over time, so it's important to check for the latest updates.
4. *Application Procedure:* The Golden Visa application process involves presenting documents proving the investment made and meeting other requirements, such as health insurance and no criminal record.
5. *Residence Permit:* Upon approval, investors receive a residence permit in Portugal, allowing them to live and work in the country, as well as travel around the European Union.
6. *Renewal:* The Golden Visa can be renewed, as long as the requirements continue to be met. After a certain period, holders can apply for permanent residency or Portuguese citizenship.