Sunny and warm land is increasingly becoming a shelter for wealthy migrants. The scheme can be taken advantage of by willing foreigners who are prepared to fulfill the conditions. It is necessary to study the information and follow the recommendations step by step to avoid mistakes and rejections.
When thinking about moving and changing your life, it is important to choose the right vector. Portugal Residence by investment is designed for just such purposes. The region becomes a second home for all those who fulfill the conditions of the scheme and confidently reach their goal. In addition, Americans wishing to integrate into European society often consider Portugal.
What is a Portugal Golden Visa?
Legalizing stay under this scheme is possible through significant contributions to construction projects, businesses, deposits, and investment funds, as well as in the development of culture and art. The cost of each option for Portugal golden visa for us citizens is different. Nevertheless, as the expert of the company Immigrant Invest Svetlana Gorchakova focuses on, the most popular option among the customers is the execution of the contract for the sale of apartments. Depending on the location of the object, the minimum price is different:
- buildings constructed more than 30 years ago in sparsely populated areas are estimated at 280 thousand euros;
- the same premises, but in areas of higher population density – 350 thousand euros;
- 400 thousand euros – for apartments that are less than three decades old in cities with low population density;
- 500 thousand euros for new buildings.
Thus, foreigners can choose an acceptable price category for themselves. Keep the right of possession must be five years, and then it is allowed to sell the housing and get their money back.
Who is Eligible for a Portugal Golden Visa?
Portugal Пolden visa for Americans stipulates meeting the declared parameters. It must be an adult with no criminal record and not hiding from the authorities. It is important that the money for the deposit be earned legally outside the host country. Having debts in Portugal can lead to rejection and the lack of a health insurance contract.
The application form is not even one. It is allowed to enter a husband or wife with minor heirs. There are requirements for adult heirs to obtain an education, live with their parents, and have no income. The same conditions apply to brothers and sisters. The older generation can also benefit from the terms of the scheme if others support them.
Step-by-Step Guide to Obtaining a Portugal Golden Visa as a US Citizen
Immigration is an important and responsible process that requires knowledge and time. Consulting agencies offer to facilitate the process of obtaining a portugal golden visa for us citizens. Such activities can reduce waiting times and increase the chances of a successful outcome for the candidate.
Step 1: Determine the Investment Route
You should start by determining the way of financial contributions. After all, further steps depend on which method of naturalization the client chooses. When making a choice to purchase an apartment, it is necessary to consider several possible options, to assess the perspective.
Step 2: Gather the Necessary Documents
Next, the package of papers should be assembled. Of course, it is necessary to have the documents apostilled and translated. If the application includes heirs, husband or wife, it is essential to prepare their papers as well.
Step 3: Apply for a Residence Visa
The application form is submitted electronically to the migration authorities. Staff need up to six months to review the application and issue a summary.
Step 4: Make the Investment
It is best to choose an object located directly in the region. Get a bank account on the place and give a lawyer the right to represent you during the transaction and to obtain a document of ownership.
Step 5: Obtain a Residence Permit
When the government agency reports a positive result on the application, the applicant must make the payment of fees. On average, after two weeks, the foreigner receives the card.
Step 6: Apply for Permanent Residency
To avoid having your permit canceled, it is important to visit your new home for at least one week per year. After every two years, you have to renew your license. The process does not change; the only difference is the stage of investment. If you keep this status for the first five years, it is possible to further changes in the scheme of stay, to expand the opportunities.
Step 7: Apply for Portuguese Citizenship
If the candidate complies with all requirements and maintains the permit for five years, he or she is eligible to apply for a portuguese passport. It is important that it also works for other persons in the application form.
Conclusion
Portugal golden visa for Americans is gaining popularity every year. It provides many benefits to its holders. Travel to Europe, integration into society, the opportunity to expand their rights in five years, the loyal tax environment help attract wealthy foreigners to the territory of the land and the development of economic and cultural industries.
Families choose the region for its pleasant climate, near-constant sunshine, measured lifestyle and low crime rate. Wealthy elderly couples prefer the land and spend their retirement in a quiet place with beautiful scenery, rich history.
