The Portugal Golden Visa Program, initiate in 2012, aims to incentivize investors to contribute to Portugal’s economic growth. Since its inception, the program has garnered a total investment exceeding several billion euros, attracting over a thousand family applications annually.
Portugal Golden Visa for Americans
The Portugal Golden Visa program offers a pathway for Americans to obtain residency in Portugal through investment. By making a qualifying investment, such as in investment funds, job creation and cultural donation, Americans can secure residency rights for themselves and their families, allowing them to live, work, and study in Portugal.
The program also offers visa-free travel within the Schengen Area and a clear path to Portuguese citizenship after five years of residency. Yet, applicants must understand that there is more to making an investment of this kind than simply sending the funds – there are specific requirements in place for the amount and type of investments, application process and renewal criteria to guarantee full and compliant participation in the program.
The benefits of the Golden Visa for US Citizens
Dual Citizenship
Dual citizenship offers the unique advantage of holding passports from both Portugal and the United States. Given that both countries acknowledge and permit dual citizenship, individuals are afford the opportunity to maintain the privileges and rights associate with each nationality.
Visa-Free Travel in the Schengen Zone
Upon acquiring your Golden Visa, you gain immediate privileges for visa-free travel within the Schengen Zone. Opting for citizenship after five years affords you a Portuguese passport, providing visa-free access to 188 countries worldwide.
Right to Live and Work in EU/EEA Countries
Golden Visa applicants enjoy the entitlement to reside, work, and study in Portugal during the initial five years of the application process. Should they choose to pursue Portuguese citizenship after this period, these same rights extend to all European Union countries.
Family Reunification
You are entitled to bring your family members who are already in Portugal or who will be joining you in Portugal. You may request family reunification in AIMA at the same time as your visa application, or after you have receive your visa. The following is the list of family members that may qualify for family reunification under the Golden Visa:
- Your spouse or partner.
- Your children under 18 years of age or incapacitated children of the couple or of one of their spouses/partners.
- Children over 18 years of age who are dependent on you or your spouse which means that they are single and studying.
- Your parents or your spouse/partner’s parents if they are dependent on you.
- You minor siblings.
Healthcare Benefits
After obtaining your Golden Visa and if you become a resident in Portugal (spending more than 183 days in the country) you gain access to the National Healthcare, also called SNS (Serviço Nacional de Saúde) that covers primary and secondary healthcare needs.
Double Taxation Agreements (DTA)
Portugal has signed Double Taxation Agreements (DTA) with most countries, USA included, whose main objective is to avoid the scenario where a person ends-up being taxed in both countries on the same income.
In this agreement, then, if you are a resident of the USA, any income that you have outside Portugal will not be taxed in Portugal. This way, you are not bilked of the very same income twice in one country.
Low minimum stay requirement
The Portugal Golden Visa program calls for a minimum presence of 7 days in the initial year, and thereafter 14 days every 2 years.
For visa renewals, the Portuguese border agency could ask for proof that you fulfilled the minimum-stay requirements. This evidence can include stamps in your passport, boarding cards and receipts for accommodation.
International Schools
One of the answers would be, it is a safe place to consider for expatriates with families due to it confirmed location amongst the top nations in providing good schools for children. Home to a range of international schools for various curricula – including American curriculum.
The availability of education in American-curriculums also lends itself to expat convenience, providing an educational stream for students who have studied or might study in the U.S. later on.
Golden Visa Requirements for Americans
To be eligible for the Golden Visa program, the main applicant must:
- Be a non-EU, non-Swiss, and non-EEA national
- Provide a source of income for the minimum investment
- Have a clean criminal record
- Spend on average a minimum of 7 days per year in Portugal
- Maintain your investment in Portugal throughout the five-year program
Portugal Golden Visa Program: Investment Options
The initial stage in securing a Portuguese Golden Visa involves making an investment in Portugal. Various investment methods are available, including:
Investment Funds
A contribution of €500,000 or more for acquiring units of investment funds or venture capital fund of funds under Portuguese legislation. These funds should have a maturity of at least five years, with a minimum of 60% of investments realized in commercial companies headquartered in the national territory.
Business Investment
Minimum investment of €500,000 for constitution of a company in Portugal, combined with the creation of five permanent working jobs, or for the reinforcement of the share capital of a company already existing in Portugal, with the creation of at least at least five permanent jobs or maintenance of at least ten job positions, with a minimum of five permanent employees, and for a minimum period of three years.
Scientific Research
A capital transfer equal to or exceeding €500,000 for investing in research activities conducted by public or private scientific research institutions within the national scientific or technological system. A 20% discount applies if the investment is in a designated ‘low-density’ area.
Cultural Heritage Contribution
Known as the Cultural Golden Visa, a donation of a minimum of €250,000 for investing in artistic output, supporting the arts, or contributing to the reconstruction or refurbishment of national heritage. This can be done through local and central authorities, public institutions, or private foundations of public interest. A 20% discount is applicable for investments in ‘low-density’ areas.
Job Creation
Establishing a company and creating a minimum of ten job positions. A 20% discount is granted if the investment is located in a designated ‘low-density’ area.
Getting Portuguese Citizenship through the Golden Visa
Golden Visa holders can pursue citizenship after five years of obtaining their Golden Visa. The program initially provides a two-year temporary residency, and to achieve permanent residency, one needs to stay in Portugal for a minimum of seven days per year. This flexibility allows individuals to maintain their current lifestyle in the US while progressing towards permanent residency and eventual citizenship in Portugal.
In order to acquire citizenship, you have to ace the Portuguese Language exam. This becomes the fertile ground for dual citizenship promoted by both Portugal and the US, not dispossessing anyone of their Portuguese passport if they happen to also be American. This is a great plus-point of the Portugal Golden Visa program and which makes the dual citizenship integration smooth for those in search of wider adventures and lifestyle.
Still curious? Explore our video!
For more videos about investing or moving to Portugal, explore our YouTube channel here: YouTube Channel Portugal Residency Advisors.
Best cities in Portugal for Americans
Portugal has a lot to offer, and there are several cities that can be great for Americans looking to live or invest there. Here are a few standout options:
Lisbon: The capital city is a melting pot of culture, history, and modernity. Lisbon offers a vibrant expat community, excellent food scene, and a variety of cultural activities. Plus, its sunny weather and proximity to beautiful beaches make it very appealing.
Porto: Known for its charming old town, Port wine, and stunning Douro River, Porto has been gaining popularity among expats. It’s a bit more laid-back compared to Lisbon but still offers a rich cultural experience and plenty of amenities.
Cascais: If you’re looking for a coastal lifestyle, Cascais is a top choice. Just a short drive from Lisbon, this picturesque town boasts beautiful beaches, a relaxed atmosphere, and a strong international community.
Sintra: For a more romantic and historic setting, Sintra is hard to beat. This UNESCO World Heritage site is famous for its fairy-tale castles, lush forests, and stunning vistas. It’s a popular day trip destination from Lisbon, but living here offers a peaceful escape from the city.
Why to work with us for your Portugal Golden Visa application?
Local Expertise
We know Portugal. Due to our extensive local knowledge, we believe that concentrating our services in a single country destination is the best way to give you the most thorough and useful information.
Holistic Approach
One single channel of communication for the entire process. We provide you with a comprehensive service that covers all aspects of your investment and Golden Visa application.
Transparent Service
We recommend what’s best for you based on an extensive process experience that saves time and money to clients. Our pricing is clear and competitive, and we don’t sell services that make us more money.
Simple Process
Technology plays a very important role in our company. We minimize our clients’ involvement in paperwork. We are customers ourselves and we know how to serve you.
Frequently Asked Questions About Portugal Golden Visa for Americans
What is the Portugal Golden Visa?
The Portugal Golden Visa is a program that grants residency to foreign investors, including Americans, who make qualifying investments in Portugal.
What makes the Golden Visa program in Portugal popular among Americans?
The program is popular due to various factors, such as visa-free travel, investment opportunities, and the potential for European citizenship.
What types of investments qualify for the Golden Visa program?
Qualifying investments include investment funds, business creation, scientific research, and cultural heritage contributions.
How long does it take to obtain Portuguese citizenship through the Golden Visa program?
After holding the Golden Visa for five years, investors can apply for Portuguese citizenship. Now, the five years period start counting from the application date.
What benefits does the Golden Visa offer to Americans?
Benefits include visa-free travel within the Schengen Zone, investment opportunities, and the potential for dual citizenship.
Are there any language requirements for obtaining Portuguese citizenship?
Yes, applicants are typically required to pass a basic Portuguese language exam as part of the citizenship application process.
Can Golden Visa holders live and work in Portugal?
Yes, Golden Visa holders have the right to live, work, and study in Portugal during the residency period.
How is taxation handled for Golden Visa holders in Portugal?
Portugal has Double Taxation Agreements with many countries, including the US, to prevent dual taxation on the same income.
What sets Portugal apart in terms of the Golden Visa program compared to other European countries?
Portugal’s program is known for its flexibility, attractive lifestyle, and advantageous taxation system, making it a preferred choice for many Americans.
