GOLDEN VISA OVER
Portugal began an innovative program in 2012 to encourage countries outside the European Union to invest in Portuguese real estate, place funds in Portuguese banks or build businesses within the country’s boundaries. Qualified investors, once they obtain Portugal’s Golden Residence Permit for Investment Activity, commonly called the “Golden Visa,” possess a permit that provides many benefits. Those who possess a Golden Visa can travel freely in any of the European countries that have signed the Schengen Agreement. They have the same rights as other Portuguese residents and, after five years, they can apply for permanent residency.
After six years, they may be afforded Portuguese citizenship if they meet minimal requirements, complete an application and pass tests regarding their abilities in the use of the Portuguese language.