Several years ago, the British government decided to leave the European Union, depriving its citizens of certain benefits. However, there is no such thing as a dead end. The problem of freedom of movement is solvable. And Portugal is ready to help. This region allows getting a Portugal Residency by investment. If the applicant meets all requirements, he expects a positive result. Such a paper opens to its owner a vast horizon of possibilities.
Requirements for the Recipient
It is necessary to study the requirements that the region puts forward to the applicant to become a legal holder of the Portugal golden visa:
- not to have EU citizenship;
- no criminal record;
- 18 years of age or older.
There are several ways to get Portugal Golden Visa. Explore and choose the one that works best for you:
- Investing in real estate. There are many nuances to this option. For example, if the object is located in a territory with a low population density, its value should be at least 400 thousand euros. In densely populated areas, the minimum value is a hundred thousand more. It is possible to buy apartments built more than thirty years ago that need repair. Then it will be necessary to pay 280 thousand euros in sparsely populated areas and 350 thousand in the rest.
- Foreigners have the opportunity to make a fund contribution. Its minimum amount is 500 thousand euros.
- The candidate can transfer capital to the host region of one and a half million euros.
- Business owners with ten jobs for local citizens can also qualify for a permit.
- Donate to art or national heritage site for 250,000 euros and more.
Thus, Portugal residency for UK citizens can be obtained in many ways. It is easy to determine which is more suitable based on financial possibilities and the goals the applicant is pursuing. On average, the acquisition process takes up to three months. The location of the object also matters. The purchase of residential apartments in coastal cities does not give the right to registration; it is only possible to buy premises for business. Portugal's golden visa for British citizens begins with the selection and execution of the sale of premises. Then applicants need to collect a package of papers. According to the expert of the company Immigrant Invest Svetlana Gorchakova, it is better to apply to particular agencies which will help with immigration. Professionals and experienced professionals will help you find the suitable object, to prepare all documents, and avoid mistakes. In addition, the whole process takes quite a lot of time and effort, so it is good to have an assistant who can take care of part of the work. Once all the documents are collected, you can proceed to the online application. However, you will also need to visit the region and undergo biometrics directly at the Migration Service office.
Advantages of the Program
After the Kingdom left the union of European states, citizens had difficulty moving, so getting this visa gives them a lot of benefits:
- The permit holder can visit almost two hundred regions of the world without obstacles;
- after five years, the owner can apply for a passport and become a whole part of Portuguese society if certain conditions are met;
- the spouse and children of a golden card holder can apply for family reunification;
- a safe country with a high standard of living at a low cost;
- affordable medicine;
- a high level of education;
- a loyal tax climate;
- warm and mild weather.
The visa holder can apply for citizenship five years after obtaining a visa. To do so, a person must meet several points:
- no criminal record;
- absence of tax debts;
- language test.
Portugal does not levy fees on income earned outside of Portugal. So you only have to make deductions on the income you have gained within the region. This land is a paradise for Brits because the population gets much more sunshine here. Therefore, the area is often chosen by families with children and elderly foreigners. In addition, the relaxed pace of life and low crime rate make this region a favorite place for those who want to enjoy peace.
Another critical plus for British citizens is that many people know their language. Because of the large number of English-speaking tourists and visitors, they can avoid possible problems in communication and understanding. As a result, it makes it easier to assimilate into society.