Portugal is highly ranked on the ranking of human development. Due to its high level of safety, the country has even been taken into consideration as one of the maximum non-violent and globalized international locations. Numerous people from the UAE or Dubai want to visit this country to make their investments. For such people, the Portugal Golden Visa is the best visa that you can get to visit Portugal.
If you are among those people from Dubai who want to visit Portugal with the help of a Portugal Investor Visa, then you are at the right place. In this article, we can provide you with an in-depth manual on getting a Golden Visa from Dubai to Portugal. Furthermore, we will highlight some information about this visa in this article.
What Is Portugal Golden Visa
The Golden Visa program in Portugal, which is also known as the investor visa of Portugal, is a residence permit for a five-year investment program for citizens of non-EU. The people in the UAE who have made a significant investment in Portugal can apply for this visa.
Here, the investment can be of any kind, including a house, owning a company, and more.
Portugal introduced this program in 2012. The primary objective of this visa was to attract international capital into their country because it was necessary after the economic crisis occurred in 2008. This program became a big success because it raised more than EURO 7 billion since then.
The Portugal Golden Visa can let its visa holders stay and work in Portugal permanently. After getting this visa, you will become eligible for Portuguese citizenship in as little as five years, which streamlined the way for getting citizenship and permanent residence in the EU country.
After investing and living in the nation for at least five years, investors and members of their families are required to apply for permanent citizenship or residence. In contrast, having a permanent residence is not a prerequisite to work there. As a holder of Golden Visa Portugal, you have to spend a total of 7 days every year in the country to maintain the status of your resident in Portugal.
What Are the Benefits of a Golden Visa in Portugal
The Portugal Investor Visa or Golden Visa comes with the potential of a lot of benefits. Here are the benefits you can get with this visa.
● Good international and Portuguese schools and universities
● You are allowed to enjoy visa-free travel in the Schengen area of Europe.
● Once you become a Portuguese citizen, you can travel to 188 countries visa-free.
● A minimum physical presence in Portugal is needed for the Golden Visa Portugal holder.
● Maintain your current citizenship while applying for citizenship after five years as a legal resident.
● You can qualify to stay with a minimum income of €250,000*, which is among the lowest income limits in Europe,
Who are the people who are Eligible for a Golden Visa in Portugal
To get a Portugal Golden Visa, you have to make an investment. Here are the investment requirements that you must meet:
● Invest or donate in the arts or reconstruction of national heritage with a donation of a minimum €250,000*
● Contribute at a minimum €500,000* to science or technology research
● Invest at least EUR 500,000* into a Portuguese Investment Fund or Venture Capital Fund
Apart from investing, you are required to meet other criteria. The following is the list of requirements that you have to meet:
● Have not had illegal travel or stays in Portugal
● Get a tax identification number or NIF when opening a Portuguese bank account in Portugal
● In possession of private health insurance cover
● Must meet the requirement of residency in Portugal for an average stay of seven days a year
● Be a Non-EU/EEA Citizen and more than the age of 18
● Make an eligible investment into Portugal using your own foreign funds (from outside Portugal)
● No debt to any authorities in Portugal
● No criminal record
● Have the investment for at least five years minimum.
Documents Required for Golden Visa in Portugal
Here are the documents that you should gather to get a Golden Visa Portugal:
● Proof of evidence of the qualifying investment made by the principal applicant individually
● Copy of a passport or other documents related to government-issued travel
● Criminal record of the current country of residency
● Declaration from a Portuguese financial institution proving the transfer of funds
● A completed form or application authorizing SEF to access criminal records in Portugal
● A sworn statement of compliance with the minimum investment requirements for the necessary time of five years
● Proof of healthcare coverage
● Receipt of ARI application payment
● Documents stating good standing with the Portuguese Tax and Customs Authority & Social Security system
The list of documents might be incomplete because you may want to submit other documents based on your requirements.
How to Apply for The Golden Visa in Portugal From Dubai
If you want to get a Portugal Golden Visa, you need tofollow some crucial steps to get your visa effectively. Below are the steps that you must follow to get your Golden Visa from Dubai:
1. Firstly, you should get the NIF number and open your bank account in the Portuguese bank with the help of your lawyer.
2. After that, you should gather all the documents mentioned in the previous section.
3. At this point, you must invest in Portugal with the help of Flying Colour Relocation.
4. After investing, you must submit your pre-application online to SEF. Flying Colour Relocation can help you to perform this step.
5. After analyzing the application, SEF will give you an appointment date for a biometric test. On that date, you and your dependent should physically appear at the corresponding SEF office to submit your fingerprint and make your application official. This will usually take at least two months.
6. After that, you will receive your Golden visa, which will allow you to travel to Portugal.
How Flying Colour Relocation Helps You
Flying Colour Relocation is an immigration service provider that will help you get a Portugal Golden Visa from Dubai. We can also provide you with numerous suggestions to make your visa process more effective.
To learn more about Apply for Portugal D7 Visa: Passive Income Visa, book a free consultation with one of Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.