The application for a golden visa in Portugal involves a streamlined process you have to follow. Fortunately, all the information you need to know is provided on the Portuguese Immigration and Borders service online portal. Here’s some of it below.
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Select an Investment
You should first select an investment from the multiple options specified for the golden visa in Portugal. It can either be investment funds, real estate, or donations. Look for an option with a capital requirement you can meet. First weigh each investment option’s pros and cons and use them to find the best.
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Collect and Prepare Documents
After choosing the investment, the next step is to collect documents for the application process. You have to fill all of them with the required information. Some will be in Portuguese and you may need a translator to help you out. Moreover, all the documents you submit must also be in Portuguese. Luckily, online submissions can easily be translated with the help of Translate.
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Open a Bank Account and Get a Fiscal Tax Number
You also need a fiscal tax number and a Portuguese bank account. The account is needed because you will transfer the money for your investment through it. You can hire a reputable immigration company or a lawyer to help you in this process.
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Finalize Your Investment
After creating a bank account in the country, you have to transfer the funds for the investment to make your payments. And get a certificate or proof of investment you have to attach to the application documents.
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Submit Application Online
At this stage, you have most of the things needed for the application. This includes gathering documents and translating them to Portuguese and opening a bank account. You have also completed investing and have the proof. Compile them and submit your application.
You do so via the Portuguese Immigration and Borders service online portal. It is at this stage where you can also add family members to your application. Also, you will have to pay a processing fee of 533 Euros and upload the documents in PDF.
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Book a Biometric and Interview Session
If your application is approved, you will have to book an appointment for an interview. You have to be present in person for it and your biometric data will also be collected at this time. This includes receiving your signature, taking your photo, and fingerprint scanning.
It is better to book for an interview in smaller cities for a fast process because larger cities are always booked for many months. The invitation for interviews can take up to three months. Also, it can be a few weeks depending on the number applicants.
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Get Approval
When your application for a golden visa in Portugal is approved, you will have to pay 5,325 Euros for each person. Finalizing the process happens after making the above mentioned payment. You can then receive a residence permit. But it is valid for only two years and you will have to renew it afterwards.
