An Introduction of Portugal's

Why Portugal?

  • The West Coast of Europe
  • Politically and socially stable
  • Liberalized and growing economy
  • Full and perpetual land propriety rights
  • Member of the European Union since 1986
  • Founding member of the Euro currency
  • Founding member of the Schengen Space
  • No limits on remittance of funds either to Portugal or from Portugal
  • Agreements for the prevention of double taxation with Mainland China and Hong Kong
  • No wealth tax, no inheritance tax and limited taxation on gifts, not applicable to direct family members
  • Non-resident regime offers tax optimization to net worth individuals

Conditions to obtain the “Golden Visa” – Residency Permit for Investors:

A) Transference of capital in an amount equal or bigger than 1.000.000 € (dully certified by documentation);

B) Reproductive investment that creates at least 10 job positions;

C) Acquisition of Real Estate in the amount of no less than 500.000 €.

  • Whichever is the track chosen by the investor, the investment needs to be maintained for a period of 5 years.
  • The temporary visa is valid for 1 year since its emission. It can be renewed for periods of 2 years, as long as the qualifying conditions are still in place.
  • After 5 years of temporary residence the investor may apply for a permanent residence permit, a track that may lead to citizenship
  • In order for the residence permission to be granted, the foreigner applicant needs to sort out his stay in Portugal within the time frame of 90 days since his entry in the Portuguese national territory and prove that he has attained the requirements demanded by the law (Law 29/2012 of the Portuguese Republic).

How to apply?

The candidates need to:

  • Be citizens of States not belonging to the European Union (EU) that want to pursue investment activities in Portugal; and
  • Show that they have made the investment demanded by law. Investment in stock options or society shares are admissible.

They will need to apply at:

  • Online at www.sef.pt; or
  • In the Portuguese diplomatic or consular representations across the; or
  • At the Foreigners and Borders Police (SEF) in Portugal.

The candidate commits to:

  • Maintain the investment for a minimum period of 5 years; and
  • Stay in Portugal for a minimum period of 7 days during the first year and 14 days for each of the following 2 years periods.
  • Legally work in Portugal;
  • Travel until 90 days within the Schengen area (Germany, Austria, Belgium, Denmark, Slovakia, Slovenia, Estonia, Spain, Finland, France, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Czech Republic, Holland, Poland, Portugal and Switzerland);
  • Ask for residence authorization for the closest relatives, according to the possibility of family regrouping (according to Law 9/2012 of the Portuguese Republic).

According to the applicable Law, the family members are (art. 99º):

a) Spouse;

b) Children, underage or incapable supported by the couple or one of the parents;

c) The minors adopted by the applicant when he is not married, by the applicant or spouse, as decreed by competent authority of the country of origin, as long as the law of that country acknowledges them the inherent rights and duties identical to the ones of natural filiation and that the decision is recognized by Portugal;

d) Children over 18 supported by the couple or one of the spouses, that are single and are presently studying in a teaching institution in China;

e) The resident's or his spouse ascendants in a straight line and in 1º degree, as long has proof is provided in regards to their economic situation (they need to be supported by the couple);

f) Minor brothers and sisters, as long as they are their legal guardians, and according to decision made by competent authority in the country of origin and as long as that decision is recognized by Portugal.

The family regrouping requests have to be submitted at the Foreigners and Borders Police (SEF) in Portugal.

Important advice

  • The Consulate-General of Portugal in Shanghai and the Portuguese Government have no privileged relation with any intermediary, be it agency, society, Law firm or any other;
  • There is no official agent or business raiser, as well as no involvement of any of the Consulate's personnel in any investment process;
  • In sessions taking place either at the Consulate or with the participation of the Consulate's personnel, our job is to only explain how the Residence Permit for Investors system works.
  • The Consulate does not guarantee the quality or value of the investment opportunities presented, or the subsequent visa emission by this Consulate, or the emission of the residence permit for investors in Portugal;
  • We recommend verifying the value of the investment opportunity that is presented to you with your own means;
  • Study and verify the objective conditions and possibilities created for you and your family by the legislation of the Residence Permit for Investors.

Requisites for visa application

  • Filled-out appropriate form provided by our visa section;
  • Photo;
  • Passport copy including the pages already used;
  • Invitation letter form the host in Portugal;
  • Proof of flight and hotel bookings;
  • Mandatory health insurance for staying within the Schengen area.

In those cases of applicants that have already travelled to Europe, USA, Japan, Australia, New Zealand, the interview may be deemed unnecessary and the documents may be submitted through an agent.

E-mail: mail@xangai.dgaccp.pt / Tel.: (86 21) 62 88 67 67

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Source

aicep Portugal Global – Trade & Investment Agency

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Portugal
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