SECURING RESIDENCY IN EUROPE
For individuals seeking to diversify their investment portfolio and secure residency in Europe, the Portugal Golden Visa Investment Fund offers a compelling opportunity. Portugal’s residency by investment program stands out as an attractive pathway to access the benefits of European residency, with those investing in the program having the opportunity to become European citizens despite a short stay requirement.
UNDERSTANDING THE PORTUGAL GOLDEN VISA PROGRAM
As one of the most popular Golden Visa programs in the world, Portugal’s Golden Visa allows non-European Union citizens and their families to obtain residency permits by investing in the country, with one of the most popular routes within the program being the investment fund option. This option allows individuals to invest a minimum of EUR 500,000 into qualifying funds such as private equity and venture capital funds, which must be held at least 5 years after receiving the residence permit.
It Is important to note that increased program popularity combined with the impact of COVID-19 has produced a considerable backlog, resulting in delays in the processing of visas. Fortunately, new laws introduced in January of 2024 allows for naturalisation for Portugal Golden Visa applicants after 5 years from application, rather than 5 years from the issuance of the Residence Permit. This also allows for a much earlier return of the investment sum.
BENEFITS OF THE PORTUGAL GOLDEN VISA PROGRAM FOR UK INVESTORS
One of the main benefits of the Golden Visa program is the opportunity to obtain residency in Portugal, a member state of the European Union. Residency extends to three generations of family members, enabling individuals and their families to live, work, and study in Portugal.
With minimal residency requirements, investors can maintain their primary residence in the UK or elsewhere while still enjoying the privileges of Portuguese residency, including visa-free travel within the Schengen Area and access to top-tier education and healthcare systems. This flexibility enables investors to benefit from Portugal’s favourable tax regime without the need for substantial relocation.
THE PATH TO EUROPEAN CITIZENSHIP
After 5 years from application, and upon meeting certain requirements, investors may apply for permanent residency within Portugal, or apply directly for Portuguese citizenship. Once granted citizenship, investors and their families have the right to live, work, and study anywhere in the European Union, as well as the ability to travel visa-free to over 180 countries.
NEXT STEPS
If you are considering seeking a Portuguese Golden Visa with a pathway to European citizenship, or are interested in any other Citizenship by Investment or Residence by Investment programs, feel free to contact us.
With over 30 years of experience, Harvey Law Group is a leading international law firm specialised in Citizenship and Residency by Investment programs, operating in over 20 offices worldwide. If you would like to discuss your requirements further, you can contact us by email at [email protected].
