What You Should Know Concerning Portugal Golden Visa Program
Living and working in Portugal can happen through the application of the Portugal Golden Visa program. A residency of Europe can happen with the application of Portugal Golden Visa Program. If you have been looking forward to living in Portugal, then you should consider applying for the Portugal Golden Visa program. Since this program can be confusing, then reading this page is ideal to learn more.
You get a residency to live in Europe through the Portugal Golden Visa Program by investing in real estate. You are required to invest ?500,000 in real estate and the lowest investment of ?350,000 if the property is more than 30 years old. Once you invest on the property whether residential or commercial you get to earn income with it by renting it out. Once such an amount is invested in real estate then you qualify to apply for the Portugal Golden Visa. However, you need to consider everything required for you to qualify for this residency visa. Portugal Golden Visa program is open to UK citizens now, discover more here.
For you to apply for the visa you need to have already invested in real estate. Thus, the investment can be done three months before you apply for the Portugal Golden Visa program. The good thing is the company you are using for the real estate investment in Portugal has lawyers who would handle the Portugal Golden Visa application for you. Learn more on this website about such companies.
Whenever you are applying forte Portugal Golden Visa you will need to have both the criminal record and the medical insurance cover. If you don’t have these two, then you would be disqualified for the Portugal Golden Visa. The criminal record you use should be clean. Medical insurance cover will help to cover expenses in case of illnesses while you are in Europe. You can renew the Portugal Golden Visa residency when there is proof of two weeks stay for two years. Therefore, you don’t necessarily need to live in Portugal for you to qualify for residency visa, 14 days are enough. Read more about these requirements here.
However, you will need to consider fees accumulated when applying for the Portugal Golden Visa program. A budget is required because when applying you will be charged for the government application fee. You will need the renewal residency fee and if you have a family, the main member costs are higher compared per each member of the family. Still, you are required to pay investment tax. Therefore, you need to know the exact amount you need for the entire process and even renewals per year through the company you are using. Click here to learn more.
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