The Golden Visa program offers individuals a pathway to permanent residency or citizenship in a foreign country through significant investments in the economy, such as real estate, business, or government funds.
The Golden Visa program in Portugal offers a pathway to permanent residency and citizenship through the following process:
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Initial Residency: The Golden Visa allows you to live in Portugal on a temporary basis while making an approved investment. This initial visa is typically valid for two years.
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Renewal Requirements: To maintain your Golden Visa status, you must renew it every two years. During this period, you need to fulfill certain residency requirements, such as spending a minimum amount of time in Portugal, though these requirements are relatively flexible compared to other residency programs.
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Permanent Residency Application: After five years of holding a Golden Visa, you can apply for permanent residency. The application for permanent residency requires proof of your continuous stay and integration into Portuguese society, such as knowledge of the Portuguese language and having a clean criminal record.
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Citizenship Application: Following five years of legal residency in Portugal, including time spent under the Golden Visa, you can apply for Portuguese citizenship. The process involves demonstrating your integration into Portuguese society, proficiency in the Portuguese language, and a clean criminal record. You must also meet other requirements, such as showing economic stability and contributing to the country's social and economic life.
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Citizenship Benefits: Once granted citizenship, you gain full rights in Portugal, including the ability to live, work, and travel freely within the European Union.
Overall, the Golden Visa serves as a pathway to long-term residency and citizenship, provided that you meet the necessary criteria and fulfill the residency requirements.