Get Portuguese Golden Visa — Citizenship through Investment

1. Get Portuguese Golden Visa — Citizenship through Investment What is the Golden visa? The Golden Residence Permit Program or (ARI) is also commonly called the Citizenship by Investment method, and it is one of the most successful and popular visa programs around the entire world. According to a business visa lawyer in the US, over several years, this citizenship by investment program has injected approximately 5 billion euros into the Portuguese economy. Plus, it has opened doors for investors and their family members who wish to become citizens of Portugal. Unlike investor visa USA, the Golden Visa is basically an expedited method to Portuguese residency, and eventually citizenship if the investor wishes to become one. The popularity of the Golden Visa program specifically lies in its flexibility. The visa conditions need a short minimum period of stay within Portugal by the investor to maintain their permit and the fantastic perks associated with it. The best perks of this visa include a non-habitual tax residency program and benefits of the EU membership of Portugal.

2. Additionally, the family members of the visa applicant are also eligible to apply for the Golden Visa. This added bonus makes the program quite attractive to foreigners who wish to migrate with family. Eligibility for Golden Visa Unlike the visas for business in the USA, investors who want to apply for the Golden Visa need to satisfy certain key eligibility conditions. These eligibility criteria may differ depending on the type of investment you choose. The following conditions, however, are applicable to all: ● The visa applicant should not be a citizen of any of the EFTA or EU nations. ● The visa applicant should not have any criminal record. ● The visa applicant should have no record in the Portuguese Immigration and Borders Services. ● The source of funds should be from outside of Portugal. Investments types for the Golden Visa There are several ways to become eligible for the Golden Visa. One of the methods is to invest in property within Portugal. Over recent years, an increasing number of visa holders have made an investment in the property of their choice because it is the most stable and the safest way to ensure ROIs in the long run. Once you decide to invest your capital on a property in Portugal to be eligible for the Golden Visa program, you should then select your investment level and the location of your investment. Any Portuguese property that is valued at 500,000 euros or more naturally qualifies for the Golden Visa program. You then need to select the appropriate location to get sizable returns on your investment. Most visa holders seek the most desirable locations, which include Lisbon, Silver Coast, and Porto. These regions are favorites among investors. In some urban regions of Portugal, properties valued at 350,000 euros may also be eligible for investment under the Golden Visa program. However, the said property should be a minimum of 30 years old, or it requires refurbishment or is in a lower density area. These properties can also qualify you for the Golden Visa

3. with an investment even as small as 280,000 euros. For these lower investment levels, the sum includes the cost of any kind of refurbishment that the applicant may incur while renovating their property. The application process The application process for the Golden Visa is fairly complex and does need considerable documentation to support the application. The main documents required include: ● The final purchase deed or promissory contract ● The declaration which confirms the transfer of funds either towards a deposit for the property or for the purchase of the property — this document should be issued by the financial institution registered or accredited within the territorial boundaries of Portugal. ● A property certificate issued by the Land Registry office which establishes that the title ownership of the said property does not have any kind of encumbrances or the registry certificate, which consists of all the provisional records of the purchase, as deemed legally feasible, including the first deposit. ● In case the capital investment is made by a single-member limited company, wherein the visa applicant holds sole proprietorship, then the visa applicant should possess a copy of their commercial register. The relevant property certificates and commercial registers should have been declared by the respective authority, 45 days before the filing of the visa application, whereas the other documents should have been declared in the previous 90 days. Plus, documents that are issued in a different language should be interpreted into the Portuguese language before the submission. The investor can opt to finish the visa application filing procedure by themselves. However, it is better to file the visa application with the help of a lawyer who knows the system very well. You can also file it in the US with a good business visa lawyer in the US. You may also incur certain unforeseen additional expenses during the visa application process. You should also consider the following additional costs:

4. ● Down payment for the property: This should be done in cash. ● Various taxes, such as stamp duty and others: You would need to pay the legal fees for the services of the lawyer. The legal fees will be approximately 10% of the taxation budget, like the Property Transfer Tax (IMT). ● The cost incurred in acquiring the required documentation ● Processing fees for the family: If the family members also file the Golden Visa, then their applications would invite government fees, along with additional processing fees for yours as well as their applications. If you want more information about investor visa in the USA and visa for business in the USA, then you must visit US Immigration Advisor today. Namre Davis & Associates Website https://www.usimmigrationadvisor.com/