Do you aspire to become a Portuguese citizen? You have all the reasons to do so, including the benefits that come with it. For instance, you’ll have the right to live and own in any EU state. The Portuguese passport also allows you to travel to over 180 countries visa-free.
Additionally, you keep your previous citizenship. Residency through investment is one of the viable options. Making the right investment can get you the Portugal Golden Visa, a gateway to this magnificent country. Here is a simplified guide to help you with the process.
Select the Right Investment Fund
Start by selecting the right fund because not all qualify you for citizenship in portugal by investment. To meet the eligibility criteria, the fund must be in line with the specific rules set by the Portuguese government. For instance, the Portuguese Securities Market Commission must register and regulate it. It must also comply with the regularities that ensure transparency and accountability. Run extensive research for eligible ones like the Mercan Hospitality Investment Funds.
Research About the Minimum Amount
While researching the portugal visa investment opportunity, you should extend it to the minimum amount. This is because the government is strict about qualifying investments. Understanding the minimum amount will ensure your investment meets the visa’s criteria, averting disqualification.
This research will also help you compare the investment options and select one that aligns with your financial goals. Since the minimum amount of €500,000 doesn’t cover all the expenses, this fact-finding will help uncover hidden costs like legal fees.
Ascertain the Holding Period
You must maintain your investment for a certain duration to qualify for the Portugal Golden Visa program. For most of them, you must do so for five years. This starts from the date you’re issued the residency permit.
It’d be best to ascertain the duration to avoid disqualification and loss of residency rights. This research will help you understand the commitment and choose an investment you can maintain for that long. You will also be able to determine alignment with your financial goals and cash flow needs.
Consult Expert Advisors
The requirements for citizenship in Portugal by investment can be complex, especially if you don’t have a background in law. Therefore, it’d be best to consult an expert.
Such an advisor has the knowledge to interpret complex terms. They will also ensure the qualification of your investment. Errors can lead to delays and even disqualification. An expert will help you navigate the pitfalls.
Be Keen When Applying for the Citizenship
After completing the mandatory five-year period in the portugal visa investment program, you can choose to apply for permanent residency. When doing so, you will take a basic Portuguese language test to test your proficiency.
It’d best to prepare well to prove your understanding and use of common phrases. This entails enrolling in language classes. You should also be able to demonstrate ties to Portugal through participation in local events.
As an investor, Portugal is one of the countries you can invest your money. The better part is qualification for the Golden Visa through this arrangement. However, you must avoid disqualification while at it. Use the information you’ve read here for guidance.