INVEST IN YOUR FAMILY’S FUTURE

One of the world’s most popular residency-by-investment programmes, Portugal’s Golden Visa programme gives you, as well as your spouse and dependant children, the right to residency in Portugal for five years, the ability to apply for permanent residency after 5 years and citizenship after 6 years without the need to reside in Portugal.

Possibly one of the most attractive things about Portugal’s Golden Visa programme is that the applicant and their family need only visit for two weeks every two years in order to renew the Portuguese Golden Visa, and citizenship can be granted without the applicant having resided in the country.

Investors having acquired residency through the Golden visa programme will need to demonstrate ties to the country and pass a basic language test.

Citizenship of Portugal and a second passport conveys the right to live, work and study anywhere in the European Union, and the Portuguese residency card granted through the Golden Visa programme allows the holder to travel freely throughout the EU Schengen zone.

Golden Visa Steps and Procedures

  1. Acquisition of the property or properties
  2. Signature of the Promissory Contract and Provisional Registration
  3. Upload all required documents to SEF’s platform
  4. Payment of the Immigration Office application fee (€ 532.70 for the investor plus € 83.10 for each family member)
  5. Validation of the application by the Immigration Office
  6. Online scheduling of an appointment for biometrics
  7. Visit of the whole family to the Immigration Office for biometrics appointment and delivery of original documents
  8. Approval of the Golden Visa application
  9. Payment of the Immigration Office’s approval fees (€ 5,324.60 per applicant) and issuing of residency cards

Sample breakdown of costs and fees of a Golden Visa Investment:

Property purchase
(example for 1 residential property):
Price: €500 000,00
IMT (Transfer Tax): €28 964,75
Stamp Duty: €4 000,00
Notary & Registration Costs: €2 000,00
Total: €539 964,75

Golden Visa – Initial Application
(Investor + 3 family members):
Initial Submission Fee: €782,00
Initial Approval Fee: €21 298,40
Total: €22 080,40

Golden Visa – renewals
(per renewal – Investor + 3 family members):
Initial Submission Fee: €782,00
Renewal approval Fee: €10 649,20
Total: €11 431,20

THE LEGAL FEES

EDGE International Lawyers have developed a specific package of legal fees for LX Living buyers.

This provides full legal services and support with both the property purchase and the residency applications and renewals. The fees are as follows:

  • Golden Visa Application: € 6 500 per family
  • Golden Visa Renewals: € 2 000 per family, per renewal

 

In addition to the above, clients also need to consider the mandatory annual Tax Representation fees of € 1000 plus VAT and the one-off cost of obtaining each tax number of € 200.