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Everything you need to know about citizenship and residence programs around the globe.
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To attract investments and increase economic growth and development, the Portuguese government offers residence and citizenship to third-country nationals and their families through two programs, Portugal Golden Visa and EU Blue Card. In 2012, they established the Portugal Golden Visa programme for immigrant entrepreneurs and their family members to obtain a residence permit for investment activities. EU Blue Card is a residence title that allows a third-country citizen to live and take a highly-qualified job in Portugal.
Portugal is a developed country with a high-income advanced economy, a developed market, political stability, low crime rate and high living standards. It offers investors and businessmen a wide range of advantages in exchange for their contribution in national economy.
Initially, temporary residence permit is granted for one year, subject to renewal for two consecutive periods of two years, subject to minimum residency requirements. A minimum stay of 7 days in Portugal during the first year is mandatory.
Currently, there are three qualifying investment options under the Portuguese Golden Visa program:
Applicants must make a minimum investment in one of the following real estate options:
Investors have several options of where to invest their money in order to qualify under the program.
The main applicant must provide evidence of at least 10 jobs created due to their activities.
A blue card is initially issued for one year, subject to renewal for successive periods of two years and provided the holder complies with the relevant requirements.
Apart from making required investment applicants must comply with the following requirements:
It has no time limit, but the residence title must be renewed every five years.
If you apply under the Golden Visa programme, you may apply for permanent residence permit after 5 years of legal and uninterrupted residence in Portugal on temporary permit, if you have enough funds to maintain yourself, a place to stay, and if you speak basic Portuguese.
EU blue card holders are entitled to apply for permanent residence status after 5 years of legal and continuous residence in any EU country or 2 years of legal and continuous residence in Portugal as an EU Blue Card holder.
After 6 years of legal and continuous residence in Portugal non-EU nationals and their families can apply for Portuguese citizenship by naturalisation and get an EU passport. There are certain conditions that must be meat:
Portugal allows dual citizenship; those becoming Portuguese citizens do not have to renounce their foreign citizenship.
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