The Golden Residence Permit Program has been running since October 2012 and allows qualified applicants to obtain residence status in Portugal, even while maintaining residence elsewhere. Investors’ families may join them in Portugal. The Program is the ideal solution for individuals looking to obtain the freedom to live and work in Europe. Portugal is located in South-Western Europe, on the Iberian Peninsula. It borders Spain, and has a long coastline along the Atlantic Ocean. Portugal’s territory includes the archipelagos of the Azores and Madeira. Its capital city, Lisbon, is the oldest city of Western Europe.
Portugal is ranked 41st out of 187 countries in the United Nations’ Human Development Index 2014, placing it in the ‘very high human development’ group. It is the oldest European nation-state and a member of the European Union since 1986. Portugal is a stable, semi-presidential constitutional republic, with division of powers between the executive, legislative, and judicial branches.
The Golden Residence Permit Program was established by Order n. 11820-A/2012 and Order no. 1661-A/2013, which amends Act n. 23/2007 and lays down the legal framework for the entry, permanence, and exit of foreigners from Portugal. The Programme is administered by the Portuguese Serviço de Estrangeiros e Fronteiras (SEF), the country’s aliens and border control authority. Within the first year of obtaining a residence permit through the Program, applicants must reside in Portugal for a minimum of 7 days. In the subsequent two slots of 2 years, applicants must spend at least 14 days in Portugal in each slot. Applicants must fulfil one of the following criteria to be eligible for the Golden Residence Permit Program:
Highbrow Law Associates is on-hand to provide assistance through every step of the application process. We will discuss the Program with you, and assist you in selecting the best investment option available. Highbrow Law Associates will assist you in completing the necessary application forms and supporting documents, and in making the relevant investment or purchase. All documents must be provided in Portuguese or in English. If original documents are not in Portuguese or English, a notarized translation must be provided. When ready, the application will be submitted to the SEF, the body which processes Golden Residence Permit applications. Applicants must provide the following documents:
6 months from the time the application is submitted, although this will vary according to each individual applicant and the type of investment being made.