On September 11, 2018, the Portuguese government issued the new decree No. 9, which officially took effect on October 1. This decree introduced a new provision regarding "the application for permanent residency by holders of the Golden Visa and their families": Article 65.º -K (65-K): Holders of the Golden Visa and their dependents can easily apply for permanent residency after holding the Golden Residence Permit for five years.
According to the new provision of Article 65.º -K, the Portuguese government will issue permanent residence cards to Golden Visa holders and their families who meet the requirements of Article 80 of Decree No. 23 of 2007 and maintain investment activities in Portugal, and will specifically exempt them from the residency time requirements stipulated in points b, 2, 3, and 4 of Article 85 of Decree No. 23 of 2007.
Experts from WorldWay Immigration indicate that the provisions of Article 65.º -K mean that "there are no residency time requirements for Golden Visa holders after obtaining permanent residency":
1. Meeting the basic conditions for foreign immigrants to apply for permanent residency in Portugal as stipulated in Article 80 of Decree No. 23 of 2007, which include:
1. Holding a temporary residence permit in Portugal for at least five years (1+2+2)
2. No criminal record of being sentenced separately or cumulatively for more than one year within the past five years
3. Having financial means, a residence, and a Portuguese language proficiency of A2 or above
2. Exemption from the residency time requirements stipulated in points b, 2, 3, and 4 of Article 85 of Decree No. 23 of 2007, which are the residency time requirements for holders of permanent residency in Portugal during the validity period, including:
1. The time spent outside Portugal in a single departure within five years cannot exceed two years
2. The time spent outside Portugal within three years cannot exceed 30 months, i.e., "must reside for at least six months within three years"
It is reported that the first batch of investors who applied for the Golden Visa has now completed five years and can apply for permanent residency in Portugal according to the above provisions.
WorldWay Group, a pioneer in European investment immigration, introduced the Portugal "Golden Residence Program" to China in April 2013 in collaboration with the Portuguese Embassy in China, marking the beginning of an exciting journey for investment immigration to Portugal. Since then, the €500,000 property investment immigration project in Portugal has gained global popularity and is highly favored by Chinese families!
As one of the early immigration agencies promoting the Portugal "Golden Residence Program" in China, WorldWay has maintained a good relationship with the Portuguese government over the years, serving as a solid support for your immigration journey!
Recently, the first large-scale China-Europe forum organized by a non-governmental organization, the 2018 China-Europe Trade and Investment Forum, co-hosted by WorldWay Wealth Club and WorldWay Group, and sponsored by Huayun Capital Group, has attracted widespread attention from all sectors of society. Officials from embassies of 18 European countries in China were invited to attend, and thousands gathered to celebrate the event, which will surely be recorded in the annals of China-Europe history! The successful holding of the forum also reaffirms the professional brand strength, good government relations, and position of WorldWay Group in the European investment immigration industry.
Choose WorldWay for your Portugal investment immigration, making your immigration journey easier! For more details, consult us at: 400-138-2929.