Portugal Golden Visa Specialists

The Portugal Golden Visa is Changing⌛

Golden Visa 280k: Everything You Need to Know

If you’re looking to obtain a residency permit in Portugal, the Golden Visa 280k program might be the perfect solution for you. This program is designed to attract foreign investment into the country by offering residency permits to foreigners who invest in Portuguese real estate. 

The Portugal Golden Visa program has been in operation since 2012 and has been very successful in attracting foreign investment into the country. 

The program has been particularly popular with Chinese investors, who have been investing heavily in Portuguese real estate over the past few years. The program has also been popular with investors from other countries, such as Brazil, Russia, and South Africa.

The Golden Visa 280k program is a great way to obtain a residency permit in Portugal, whether you’re looking to retire, start a business, or just enjoy the country’s beautiful scenery and culture. 

With a minimum investment of €280,000, you can obtain a residency permit and enjoy all the benefits of living in Portugal, including access to the country’s excellent healthcare system, high-quality education, and low cost of living.

Golden Visa 280k

There are several programs available worldwide that start at 280k. One of the most popular programs is the Portugal Golden Visa 280k.

The Portugal Golden Visa 280k program allows you to invest in a property located in low-density areas of Portugal for a minimum of €280,000. This investment will grant you a residency permit that allows you to live, work, and study in Portugal, as well as travel freely within the Schengen Area.

The Portugal Golden Visa 280k program has been modified several times over the years, so it is important to stay up-to-date with the latest changes. As of 2023, the reduced investment threshold only applies to rehabilitated properties located in low-density areas.

If you are interested in investing in a property through the Portugal Golden Visa 280k program, it is important to work with a reputable real estate agent who can help you navigate the process. Golden Port Visa can help you find eligible properties, and handle all the paperwork and legal requirements.

In addition to Portugal, there are other countries that offer similar programs. For example, Greece, Spain, and Malta have their own Golden Visa programs that allow you to obtain residency or citizenship by investing in real estate.

However, each program has its own requirements and restrictions, so it is important to do your research and determine which program is right for you.

Portugal Golden Visa Processing Time 2023

Eligibility Criteria

To be eligible for the Portugal Golden Visa program with a reduced investment amount of €280,000, you need to meet certain criteria. Here is what you need to know:

Property Requirements

The property requirements for the €280k Golden Visa program are as follows:

  • The property must be located in a designated low-density area or an urban rehabilitation area.
  • The property must be more than 30 years old if it is located in an urban rehabilitation area.
  • The property must be worth at least €280,000 after renovations if it is located in an urban rehabilitation area.

Investment Requirements

The investment requirements for the €280k Golden Visa program are as follows:

  • You must make a minimum investment of €280,000 in the property.
  • You must finance the investment with funds from outside of Portugal.

Other Requirements

In addition to the property and investment requirements, you must also meet the following criteria:

  • You must be a non-EU citizen.
  • You must have a clean criminal record.
  • You must be able to prove your source of funds.
  • You must be able to provide evidence of health insurance coverage in Portugal.

Citizenship and Residency Requirements

Once you have met the eligibility criteria and obtained a Golden Visa, you will need to meet the following requirements to obtain citizenship or residency:

  • You must maintain your investment for a minimum of five years.
  • You must spend a minimum of seven days in Portugal during the first year and a minimum of 14 days in Portugal during each subsequent two-year period.

The €280k Golden Visa program is straightforward. If you meet the property, investment, and other requirements, you can obtain a Golden Visa and work towards obtaining citizenship or residency in Portugal.

Application Process

To apply for the Portugal Golden Visa program through the €280k property investment option, you must follow a few steps. Here’s a brief overview of the application process:

  1. Find a suitable property: You must purchase a property in Portugal worth at least €280,000. The property can be a residential or commercial property, but it must be at least 30 years old and require renovation. The renovation costs will be considered when applying for the Golden Visa program.

  2. Obtain a Portuguese tax number (NIF): You must obtain a Portuguese tax number (NIF) from the tax authorities in Portugal. This is a mandatory requirement for all foreign investors in Portugal.

  3. Open a bank account in Portugal: You must open a bank account in Portugal to transfer the funds for the property purchase and also to pay any associated fees.

Apply for a residence permit: You can apply for a residence permit at the Portuguese embassy or consulate in your home country or at the Portuguese Immigration and Borders Service (SEF) in Portugal. You will need to submit all the required documents and pay the application fee.

Required Documents

To apply for the Portugal Golden Visa program, you will need to submit the following documents:

  • Passport: A valid passport with at least six months validity remaining.
  • Proof of investment: Proof of the property purchase and renovation costs.
  • Criminal record certificate: A criminal record certificate from your home country or any other country where you have lived for more than one year in the past five years.
  • Health insurance: Proof of health insurance valid in Portugal.
  • Proof of income: Proof of sufficient income to support yourself and any dependents.
  • Proof of accommodation: Proof of accommodation in Portugal, such as a rental agreement or hotel reservation.
  • Portuguese tax number (NIF): A Portuguese tax number (NIF) obtained from the tax authorities in Portugal.
  • Bank account statement: A bank account statement showing the transfer of funds for the property purchase and any associated fees.

In summary, the Portugal Golden Visa 280k program offers a unique opportunity for individuals looking to obtain residency in Europe. By investing in real estate, you can gain the right to live, work, and study in Portugal, as well as travel visa-free throughout the Schengen Area.

It’s important to note that the program is subject to change, so it’s crucial to stay up to date with the latest requirements and regulations. 

When considering your investment options, it’s important to weigh the benefits and drawbacks of each property. 

While the reduced investment amount of €280k may seem attractive, it’s only available for properties located in designated low-density areas and that have undergone rehabilitation. Therefore, it’s essential to carefully evaluate the location, condition, and potential rental income of the property before making a decision.

Leave a comment

Your email address will not be published. Required fields are marked *