Latest Update on Portugal Golden Visa (May 2023)
The Portuguese government has recently announced the termination of the Golden Visa program. According to the Portugal government’s proposal for the golden visa on April 14, 2023, the government announced that all the existing and new applications would not be affected before the new law is passed.
At present, the draft of the amendment of the Golden Visa policy were sent to Parliament for discussion, and the government clearly state that the termination of the visa scheme will only affect new applications filed after the new law is passed, which will take at least 6 to 8 weeks.
If you still are interested to apply for the Portugal Golden visa, please get in touch with us to start the legal application process as soon as possible before any potential changes in the future.
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There are more than 9,600 main applicants with more than 16,000 family members applying between 2012 and 2021.
*The most popular investment route for the Portuguese Golden Visa is real estate investment, and most applicants have chosen to invest in residential projects in Lisbon or the northern coastal area by way of residential property purchase in the past few years. Until the beginning of 2022, the Portuguese Immigration Authority has amended the relevant immigration legislation that Lisbon, Porto and most of the coastal areas will no longer accept residential properties investment. Applicant can only to invest residential property in low-density area at inland Portugal. Therefore, many applicants now consider to invest in the renovated commercial properties in Lisbon and Porto, and obtain a rental income by renting it out to local tenants through local property management company.
Documents must be apostilled and notarized. All documents in non-Portuguese need to be translated by a Portugal lawyer or certified interpreter recognized by the Portuguese Consulate.
It usually takes 9-12 months from preparation of application to visa approval, depending on whether there are any problems on the related application documents.
Provide free telephone consultation to assess the applicant’s background and answer relevant questions
Schedule a face-to-face consultation to discuss the applicant’s situation, eligibility and timeline
Sign the Independent Consultant Agreement
Decide on investment options
We prepare the application documents and investment (takes about 4 months)
Arrange an appointment to obtain a certificate of no criminal record
After the completion of the investment, the we will process and submit the Golden Visa application to the The Serviço de Estrangeiros e Fronteiras – SEF (English: Foreigners and Borders Service)
After 3-4 months submitting the application, SEF will notify all applicants to travel to Portugal for biometric certification
The processing time of the SEF is generally 4 to 6 months
The approval letter is issued, and the Portuguese lawyer collects the 2-year period Golden Visa on behalf of the applicant
Apply every 2 years to extend Golden Visa status for 2 years
Passed the A2 level exam and apply for Portuguese permanent residence or citizenship
The Portuguese government has recently announced the termination of the Golden Visa program. According to the Portugal government’s proposal for the golden visa on April 14, 2023, the government announced that all the existing and new applications would not be affected before the new law is passed.
If you still are interested to apply for the Portugal Golden visa, please get in touch with us to start the legal application process as soon as possible before any potential changes in the future.
The Golden Visa involves the following SEF fees and third party fees:-
| Items | Description |
SEF*Fee | Visa application fee | Initial: EUR539 / Applicant Extension: EUR539 / Applicant |
SEF*Fee | Golden Visa fees | Initial: EUR5,391 / Applicant Extension: EUR2,696 / Applicant |
Portugal Lawyer Fees | Processing investment and visa applications | Depend on different law firms’ quotation |
Third Party Professional and Documentation Fees | Documents apostilled, notarized and translation | Depend on the number of documents |
Portugal Tax Accountant Fee | Tax representative | EUR250 / year |
*SEF =The Serviço de Estrangeiros e Fronteiras
(English: Foreigners and Borders Service)
The government department that processes the relevant applications for the Portuguese Golden Visa
You must pass the Portuguese A2 exam before you apply Portugal Permanent residency/ Citizenship. The A2 level is the ability to communicate in the simple, basic and predictable situations in daily life, such as in workplace and in school.
The Portugal language test (CAPLE) consists of three parts: writing, listening and speaking.
There are many institutions teaching Portuguese in Hong Kong (such as HKU Space, etc.), and applicants can also apply the online course.
CAPLE has 3 examination periods each year, which are May, July and November. Applicants can take the examination at 3 officially recognized institutions in Macau, including:
The exam takes about 2 hours and is structured as follows:
Exam scores range from 0-100 with passing score at 55. Once you passed the exam, you will be issued with a certificate, and the certificate is permanently valid. After completing the 5-year valid temporary residence, the applicant can be eligible to apply for permanent residence or passport.
Yes. Portugal allows dual citizenship, but you need to consider whether your country of origin allows dual citizenship.
It is worth to pay attention that the official language of Portugal is Portuguese, when you are purchasing a residential or commercial property, the documents involved, including the title deed and the sale and purchase agreement, will be conducted in Portuguese. Therefore, in order to protect your personal interests, it is a very critical to appoint a trustworthy Portuguese-speaking lawyer to translate English for you to fully understand the investment terms and conditions.
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