Islamabad, Nov 10: Portugal Golden Visa program is a streamlined route for Pakistani citizens to gain European residency by making qualifying investments.
With benefits like visa-free travel within the Schengen Area, potential citizenship, and access to healthcare and education, this program is ideal for families and investors seeking stability and mobility in Europe.
Here’s a concise look at its advantages, eligibility criteria, and the application process.
What is the Portugal Golden Visa?
The Portugal Golden Visa offers a residency permit to non-EU nationals who invest in Portugal. It’s an appealing option for Pakistani citizens aiming for European residency with a minimal stay requirement. By maintaining their investment, applicants can qualify for Portuguese citizenship after a few years.
Key Benefits of the Portugal Golden Visa
- Schengen Travel: Enjoy visa-free travel within 27 Schengen countries.
- Residency Pathway: After five years, Golden Visa holders may apply for permanent residency or citizenship.
- Family Reunification: Applicants can include spouses, children, and parents.
- Access to Public Services: Gain access to Portugal’s healthcare and education systems.
- Flexible Stay Requirement: Only seven days per year in Portugal is required.
- Tax Benefits: Access tax exemptions under Portugal’s Non-Habitual Residency (NHR) regime.
Eligibility and Investment Options
To qualify, applicants must invest in one of the following:
- Real Estate: Invest €280,000–€500,000, depending on the property’s location.
- Capital Transfer: Deposit €1.5 million in a Portuguese bank or approved investment fund.
- Job Creation: Create at least 10 jobs in Portugal.
- Research and Development: Invest €500,000 in innovation or research projects.
Investments must be retained for a minimum of five years for eligibility.
Steps to Apply for the Portugal Golden Visa
- Choose an investment: Select an investment option and arrange finances.
- Set Up Bank Account and Tax ID: Open a Portuguese bank account and obtain a tax ID.
- Gather Documents: Prepare documents, including a passport, investment proof, and health insurance.
- Submit Application Online: Apply through SEF’s ARI portal, uploading documents and paying fees.
- Attend Biometric Appointment: After initial approval, schedule a biometric appointment for fingerprinting and photos.
- Receive Residence Permit: Approved applicants receive a renewable permit valid for up to five years.
- Apply for Permanent Residency or Citizenship: After five years, apply for permanent residency or citizenship by meeting language and residency requirements.
Portugal Golden Visa is a gateway for Pakistani families to experience European life, offering security, mobility, and a potential path to citizenship.
