In this blog post, we’ll provide a detailed outline of the Portugal golden visa timeline 2023, including important dates and new rules that you need to be aware of.
If you’re considering applying for the Portugal golden visa program in 2023, staying current with the latest changes and deadlines is important.
Portugal’s golden visa program has been a popular option for investors seeking to gain residency in Europe, and 2023 promises to bring several new changes to the program.
The program has undergone several changes over the years, and 2023 promises to bring several new updates and requirements.
However, recent news from the Portuguese Prime Minister suggests that the golden visa program is ending soon.
As we await further updates on the program’s future, it’s crucial to stay informed about the latest changes and deadlines for 2023.
Whether you’re a first-time applicant or a current golden visa holder looking to renew, this guide will help you navigate the upcoming changes to the program and make the most of your investment.
Portugal Golden Visa Timeline 2023
When applying for a Golden Visa in Portugal, the first step is to submit an initial application along with supporting documents online to the Serviço de Fronteiras e Estrangeiros (SEF).
As the official immigration and border services office in Portugal, SEF will review your application and if approved, you will be required to attend an in-person interview.
SEF has multiple offices located throughout Portugal, so it is possible to apply at any office regardless of your initial investment location.
This may be helpful in avoiding long waitlists at certain high-demand locations, such as the SEF office in Lisbon.
However, it is important to note that the approval process can take up to six months, provided it is not one of these high-demand locations.
As the primary applicant, you and all your dependents can schedule your SEF appointment at the same time.
After the in-person interview, you will receive your Golden Visa cards. Typically, it takes around four months to receive these residence permit cards.
It is important to note that your residence clock starts ticking on the day your Golden Visa card is issued.
If you’re planning to invest in Portugal through real estate or fund investment, here’s what the pathway is going to look like:
Portugal golden visa timeline
Application starts here
Get a NIF number,open a bank account € make your investment
Get your golden visa
You and your family get a two years valid care after submitting your fingerprints
Renew your residence permit
In these two years,you must have spent 14 days in portugal to renew your card
2nd renew or residence permit
With each renewal your residence permit will be extended for anothwer 2 years
Apply for citizenship
At the end of the fifth year,you can apply for Portuguese citizenship or permanent residency
You don’t have to worry about the end of the Portugal Golden Visa if you’re in the application process.
Portugal’s law is not retroactive. Therefore, you are on the pathway to securing your residency status.
To navigate these changes, investors should consider the following tips:
Act quickly: As the program’s future is ending, you should act quickly to take advantage of the current requirements and deadlines.
Seek professional advice: Working with a reputable immigration lawyer or advisor can help investors navigate the program’s complex requirements and avoid costly mistakes.
Research investment options: With the changes to real estate investment requirements, you should carefully research your options to find the best fit for your needs.
Benefits of having a Portuguese Golden Visa
The Portugal Golden Visa program offers a range of benefits to individuals seeking residency in Europe.
With a low investment threshold of €280,000, applicants can qualify for residency without relocating to Portugal permanently.
In fact, a mere average of seven days per year in the country is sufficient to maintain one’s residence permit.
Additionally, the program offers a fast track to citizenship, with eligibility for Portuguese citizenship being granted in just five years – one of the shortest periods in Europe.
Finally, becoming a Portuguese citizen provides visa-free access to a staggering 188 countries, making this program an attractive option for those seeking international mobility.
At the same time, the future of the program is uncertain, with the Portuguese Parliament set to release an official announcement on March 16th.
Therefore, investors must stay up-to-date with the latest changes and deadlines for 2023.
If you’re interested in learning more about your investment options and how you can take advantage of the final round of the Portugal golden visa, don’t hesitate to contact us.
Our team of experts can provide you with the guidance and support you need to make the most of your investment.