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Residence permit in Portugal through real estate investment
Established in 2012, Portugal’s Golden Residence Permit Program (ARI) enables non-EU/EEA citizens to obtain a special residence permit in exchange for a 5-year investment in Portugal.
What’s unique about the permit is that the investor only has to spend about seven days per year in Portugal to maintain the residency, while still reaping all the benefits of being an EU resident—including visa-free travel in the entire Schengen area.
An investment of €500,000 (or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.
PERMANENT RESIDENCY AND CITIZENSHIP
One of the most attractive options is the ability to apply for permanent residency after 5 years and citizenship after 6 years without the need to reside in Portugal. In fact, the applicant and their family need only visit for two weeks every two years in order to renew the Portuguese Golden Visa.
In Portugal citizenship can be granted without the applicant having resided in the country. However the investor having acquired residency through the golden visa program will need to demonstrate ties to the country and pass a basic language test.
Citizenship of Portugal and a second passport conveys the right to live, work and study anywhere in the European Union. The Portuguese residency card granted through the golden visa program allows the holder to travel throughout the EU Schengen zone.