With its ultra-low investment requirements and high potential returns, the Portugal investment immigration program has undoubtedly become the most promising immigration project in this year's immigration market. As a leader in European immigration and the first immigration agency to introduce the Portugal Golden Residence Permit program to the domestic market, WorldWay possesses extensive experience in property investment immigration. Below, WorldWay immigration experts provide answers to some of the questions investors are most concerned about.
Question 1: What type of property can be purchased in Portugal for 500,000 EUR?
The detailed meaning of a property worth 500,000 EUR or more is: investors can purchase a single property valued at 500,000 EUR or more; if purchasing multiple properties, their total value must reach 500,000 EUR or more; if three applicants—or three families—jointly purchase a property, each owning a 1/3 share, with each share being 500,000 EUR or more and the total being 1.5 million EUR or more, this also meets the conditions for investment immigration.
Question 2: What does it mean for one person to apply and three generations to benefit?
Immigrating with three generations of a family simultaneously is a major highlight of the Portugal "Golden Residence Permit" program. It means that the applicant's spouse, children, the applicant's parents, and the spouse's parents can all apply for immigration together, achieving three-generation immigration. This is particularly suitable for applicants who are concerned about their parents' retirement and care.
Question 3: What is the application process for Portugal investment immigration?
The procedure for Portugal property investment immigration is relatively simple. First, investors obtain a Schengen visa to visit Portugal to inspect and purchase property. After selecting a property, they sign relevant documents in Portugal and then go to a local notary office with a lawyer and the developer for on-site notarization. Subsequently, the lawyer takes the investor to open a supervised account, and the lawyer submits the documents to the immigration bureau to obtain a file number. An approval letter can be obtained in about three weeks, after which the lawyer can assist the investor in processing the residence card.
Question 4: How to renew the visa and apply for citizenship?
Applicants must maintain the purchased investment project for at least 5 years. Secondly, applicants must reside in Portugal for at least 7 days in the first year after obtaining the residence visa, and at least 14 days in each subsequent two-year period. After the 5-year investment period expires, one can apply for permanent residence status, and after 6 years, one can apply for citizenship.
Question 5: What issues should investors pay attention to when choosing a property?
When choosing an area, it is better to favor the capital, Lisbon, and the southern region of Algarve, as these two areas have high property rental rates and stable returns. In the environment of the European debt crisis, investors should try to choose existing properties rather than off-plan properties for higher security. Investors can choose luxury homes or high-end properties, which have better resistance to price declines and high rental rates.
