Source: The Points Guy
Summary
The author shares their experience of obtaining Portuguese residency and citizenship through the Golden Visa program, which requires a minimum investment of €280,000 in real estate or real estate projects. The author invested €350,000 in a hotel and spent €20,000 in legal fees. After six months, they obtained Portuguese residency and are now waiting for citizenship. The program has changed, and new applicants will need 10 years of residency and a minimum investment of €500,000.
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The escape is carefully planned.
Portugal’s Golden Visa program offers a pathway to citizenship with a minimum investment of €280,000. The author invested in a hotel and obtained residency after six months. The program has changed, and new applicants will need 10 years of residency and a minimum investment of €500,000. The author’s children are also eligible for residency and citizenship. The Portuguese passport is highly ranked among the world’s most powerful.
Getting residency itself is more expensive now — you’ll need a minimum capital investment of €500,000 in a Portuguese company, combined with specific employment requirements, to gain residency.
And, of course, there’s the mandatory buy-back of the original share of the investment at the original price once full citizenship is approved.
Because nothing says “relaxation” like a decade of paperwork and a half-million-dollar investment.
Author: Evan Null
