Two Bedroom Duplex Apartment, FD1A, Amendoeira Golf Resort
The process for applying to the Portuguese Golden Residence Permit can prove to be lengthy and confusing for overseas investors. Select Resorts Properties is proud to have a number of Portuguese property investment specialists within the team, who are on hand to support you every step of the way throughout your application process.
To help you along, we've provided a brief list of frequently asked questions regarding the Portuguese Golden Visa residency application process. Click on the questions to view the answers. If you've got any additional questions, please do not hesitate to call us on +44(0)1202 765011 or email [email protected] to talk to us today.
Once issued, the Golden Visa will be valid for an initial period of 1 (one) year and then will be renewed for subsequent periods of 2 years.
Yes it is necessary to open a personal bank account and obtain a fiscal number.
A fiscal number is an identification number before the Portuguese Tax Authorities (also known as the tax number). This number is required to carry out property investments in Portugal.
Generally within 45 days.
The applicant will obtain a residence permit authorization card, which will serve as an ID or travelling document and can be used for ID purposes in Portugal and other European Union countries that have signed up to the Schengen agreement.
The Schengen Area is a group of European countries that have abolished passport and immigration controls at their common borders. With a resident permit from Portugal, the investor is entitled to enter and travel freely throughout all the countries of the Schengen area.
The Schengen Area includes the following countries: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.
The spouse, minors or children who are under guardianship of the couple or of one of the spouses. Minors adopted by an unmarried applicant, by a married applicant or by the spouse, Children who are of age and of whom the couple or one of the spouses is in charge, that attend a teaching institution. Progenitors in the first ascending line of the resident or the respective spouse, provided they depend from either of those.
Children born in Portugal can apply for Portuguese nationality.
Yes, the investor only needs to hold the investment during the Golden Visa’s validity period – 5 years.
No. The investor does not need to occupy the property and it can be rented out to obtain income.
7 days for the first year and 14 days in the following and subsequent two biannual periods.
a) Payable with the property’s acquisition: - “IMT” or Property Transfer Tax”, which is the tax on transfer of ownership of property - Stamp Duty
b) Payable on an annual basis: “IMI” or Council Tax, which is the annual municipal property tax; it is levied between 0.3% and 0.5% on the property’s tax value
No. If the holder of the golden visa does not stay in Portugal for more than 183 consecutive days, he/she will not be required to pay taxes for income generated outside of Portugal.
Rental income and income arising from capital (e.g. interest, dividends, etc) will be taxed at a rate of 28%.