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The “Golden” Visa scheme

by Chris Mayall on October 9, 2017

The Golden Visa gives the rights of residency within the European Union to nationals from outside the E.U.

The baseline requirement for non E.U. residents to obtain a Golden Visa is by purchasing a property of 500.000 euros or more. However properties more than 30 years old in what are considered high density areas would have a threshold of 350.000 euros. Also you can combine a number of smaller properties as long as the total investment reaches the required level. This is less than other European countries and the stay in Portugal each year need only be a week! By giving residency within Europe to nationals from other countries the Portuguese coffers have benefitted in the past few years since the banking crisis.

 

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