An investment visa is a reliable key to Portuguese residence as well as citizenship. It enables you to have a smooth entry into the country and after five years, you can request for permanent stay.
But before entering Portugal, there are specific requirements you have to meet. The program has an application process you have to complete and submit several documents before you are allowed in the country as an investor. Luckily, we will take you through most of them below.
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Make a Qualifying Investment
The first requirement is to make an investment in the country. It is not about investing in anything because there are particular things set by the government you should inject the money. Some include donating to scientific research, renovating old property, creating 10 or more full time jobs and several others.
Your task is to choose any of the qualifying investments in the portugal visa investment program with a capital requirement you can afford. Afterwards, you will have to submit proof along with your application to the immigration office that shows your investment. Good enough, most of the investments are affordable and you will not have to spend a fortune on them.
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Clean Criminal Record
Your criminal record is an important factor because Portugal doesn’t want criminals in its territories. So, the immigration office conducts a background check on you. If you have a bad record like being involved in several criminal activities and being jailed a number of times, you may fail to secure the golden visa.
Only persons with clean criminal records are welcomed in Portugal. Well, if you have a plan of moving to Portugal in the future through the investment program, avoid being on the wrong side of the law in your home country. Be a model citizen to enable you pass the background check.
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At least 18 and Above Years
All applicants for the investment program should be at least 18 years. Persons below that are minors and not eligible. The main applicant should be of this age but there isn’t any age limit to the person’s dependents.
Remember, the applicant can include his or her family in the application. So, if the person has kids, they can be included because they are dependents. The provided age limit is for only the main applicant.
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A Bank Account and Portuguese Tax Identification Number
During the application process, you will be required to fly to Portugal to open up a bank account in any of the legal financial institutions. You will have to deposit the investment money on this account and use it for its task. It also makes it easier for you to transact in the country as you can use it for other payments.
Moreover, you will also be required to get a Portuguese tax identification number you will be using to pay taxes. This enables you to meet your tax obligations and improve your chances of getting citizenship after five years.
Meet All the Necessary Requirements
Understand what you have to meet to qualify for the portugal visa investment program and ensure you follow the right process for a successful application.
