Created in 2012 by the Portuguese Government with the purpose of encouraging the foreign investment in our country, this program was developed based upon a very clear, easy to understand and easy to implement legislation, which have been the reasons behind its huge success. By investing in Portugal, this program allows non-European citizens and their families to obtain a permanent residency permit for a 5-year period, allowing them to freely circulate within the Schengen Space. Among the seven operations that are defined by this legislation, there are three completely oriented to real estate investments, which are:
1) The purchase of properties summing the total amount of, at least, 500.000,00€;
2) The purchase of properties summing the total amount of, at least, 400.000,00€, imperatively in low-density population areas;
3) The investment of, at least, 350.000,00€ in the acquisition or renovation of buildings with more than 30 years of construction or when located in areas properly identified as urban regeneration areas.
The residency permit is granted for an initial period of 1 year, being renovated on the following 2-year period. On the first year, the candidate shall stay in Portugal for a minimum period of 7 days, while in the following 2-year periods it shall be of a minimum stay of 14 days on each period.
To know more about this program, please do send us an email to email@example.com. We’ll get back to you as fast as we can.