Post-Brexit, UK citizens are now considered third-country nationals and must meet specific requirements set by individual EU countries when applying for the Golden Visa program.
Brexit has impacted UK citizens applying for the Golden Visa in Portugal in the following ways:
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Post-Brexit Status: Since the UK is no longer a member of the European Union, UK citizens are now considered third-country nationals. This means that they are subject to the same requirements and procedures as other non-EU applicants for the Golden Visa.
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Investment Requirements: The investment requirements for the Golden Visa program remain the same for UK citizens, but they must now comply with the rules that apply to all non-EU applicants. This includes meeting the minimum investment thresholds and fulfilling any additional criteria specific to non-EU nationals.
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Application Process: The application process for UK citizens is similar to that for other third-country nationals. They will need to provide additional documentation, such as proof of legal residence in their home country, and may face longer processing times compared to EU nationals.
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Visa Requirements: UK citizens will need to apply for a residency visa and obtain the Golden Visa, which requires adhering to the specific requirements set by the Portuguese authorities for non-EU nationals.
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Travel and Residency Rights: Brexit does not change the travel and residency rights granted by the Golden Visa itself. Golden Visa holders, including UK citizens, will still have the right to reside in Portugal and travel within the Schengen Area.
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Legal and Tax Considerations: UK citizens may need to consider any changes in legal or tax obligations resulting from Brexit. It is advisable to consult with legal and tax experts to understand any implications of the UK's departure from the EU on their residency and investment status.
In summary, while Brexit has altered the status of UK citizens to that of third-country nationals, it does not fundamentally change the Golden Visa program's investment requirements or benefits. UK applicants must adhere to the same procedures and requirements as other non-EU nationals.