What are common nationalities that are interested in the Golden Visa programme and Citizenship by Investment in Portugal? The largest group of applicants by far are the Chinese. Portugal is a full member of the EU. Citizenship by investment programs (CBI/CIP) gets you fast track citizenship within months, waiving naturalisation requirements such as residency, military service, language requirement etc. YOU SAID: HOW LONG DOES IT TAKE TO OBTAIN PORTUGUESE CITIZENSHIP THROUGH PORTUGAL GOLDEN VISA PROGRAM? residency by investment: If you’re looking to immigrate to Portugal using the Golden Visa program, FinGlobal is ready to help you every step of the way. In terms of visa-free travel, it is one of the strongest passports in the world. Therefore, the residents that acquired the right to reside through Portugal Golden Visa can obtain citizenship after 5 years of residence. Investors will be unable to buy property worth €500K in … Your email address will not be published. What Documents Do I Need to Apply for A Foreign Investment Tax Clearance Certificate From SARS? You can choose to subscribe to a qualifying Portuguese fund with a minimum of 350,000 Euro in units. Nonetheless, chances are that at least one or two of the below countries will formally open or announce a CIP in 2020. November 27 th 2020 Earlier this month Portugal’s newly amended nationality law was published and included some exciting updates surrounding birth-right citizenship. 350,000 Euro or more if it is a property in an urban rehabilitation area, 280,000 Euro or more if n a low-density area, Naturalization after five years of residence (Golden Visa Programme), Being a citizen of a former Portuguese overseas territory. The social security system in Portugal covers employees and self-employed individuals. More and more people are looking for decent citizenship by investment program (CIP), allowing them to obtain a second passport in a quick and painless way. 3. Once you apply for citizenship, it takes roughly six months to get naturalized in Portugal. Who can apply for residency by investment in Portugal? Yes, the Golden Visa program does ultimately lead to Portuguese citizenship. The number gets decreased to eight if the business is in a “low-density area.”. Recently, applicants from Hong Kong and from the United States also started showing interest in obtaining a residence permit through an property investment or an investment in venture capital funds. But even with participation in this program, it will not be possible to obtain citizenship of Portugal … We will go through the investment options briefly later on in this article. Tax Law Changes 2021: What Happens To My Pension Or Retirement Annuity If I Emigrate? This is one of the main reasons why citizenship by investment programs are so popular and also less time consuming. It already confirmed by cases that you can obtain citizenship without physical residence in Portugal. The program allows you to obtain a yield from your property, and you may rent it out on the day you acquire a property. These include capital transfer, property purchase, fund investment, among others. Call them because it is important to define your requirements first, before jumping into market. You don’t have to be a Rockefeller to make use of the Portugal Golden Visa program. You are free to choose the route that suits you the most. Keep in mind that this list excludes Citizenship by investment programs, where the path to the second passport is usually much much faster. property in Portugal to the value of at least €500,000, Purchase That’s right. When it comes to residence-by-investment (RBI) options, Portugal outstrips all others, being the top choice for Americans, Canadians, and UK nationals. Once you are a Portuguese citizen, you can then apply for a Portuguese passport and typically receive it in a couple of months. In many other countries, investment means ... 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