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Benefits of the Golden Visa • Government processing time is 30 days (after completion of all requirements and file submission to the Government). • Each applicant, his/her spouse, and dependents have the right to reside and work in Portugal, and to travel freely in the Schengen area. • There are no restrictions on nationalities (all foreign nationalities may apply, who are not citizens of the European Union). • Portugal offers a high quality of life, including modern business and medical facilities, shopping, natural beauty, sports, cultural events, and a warm climate. • There is no age restriction, minimum education requirement, management or business experience requirement, strict net worth, or source of funds requirement. • There is no interview. • There is no tax on worldwide income. • There is no language requirement (although basic Portuguese language will be required to obtain citizenship). • The residency requirement is minimal (1 week per year). • Applicants can apply for citizenship after 6 years of residency. Requirments Need to Purchase Property with EUR 5,00,000.00 |