Portugal

Its all about POWERFUL PASSPORTS



Overview

The Program

  • Invest in Portugal to obtain Temp residency permit

  • Visa Valid for 1 year, renewable for 2-year periods. Min Stay - 7 days in a year

  • After the 5th year of legal residency, apply for a permanent residence permit

  • Permanent Resident: live and work indefinitely in Portugal, no min stay

  • After 6th year of legal residency, eligibility for naturalization


Investment Required

  • Invest in one or more properties with a value equal to or above €500,000

  • Properties more than 30 years old or located in areas of urban regeneration, the minimum investment is €350,000 (includes refurbishment works.)

  • Investment amount may be reduced by 20% in sparsely populated territories

  • Hold property for min 5 years and can be used for personal use, rent or lease.


Process & Timeframe

  • Due diligence to ensure eligibility for application approval

  • Visa application forms, questionnaires, and translation and legal supporting documents completed & submitted

  • Explore and shortlist investment opportunity that best suits your needs

  • Banking and account opening formalities to transfer the funds required

  • In ~ 3 months be notified if the application has been approved.

  • Visit Portugal to receive all documents & residency permit card/ delegate power of attorney to a legal representative


Fact Sheet


  • Global Passport Rank: 5

  • Visa Free Access: 184 Countries

  • Ease of Doing Business Rank: 34

  • Low personal & company taxation

  • Corporation tax regime 21%

  • No inheritance tax

  • Stable economy

  • Well educated population

  • Excellent healthcare system

  • First-class education system

Why Portugal

One of Europe’s oldest countries, Portugal is widely known for its rich cultural heritage, mild climate, ample sunshine and splendid beaches bathed by the Atlantic Ocean.

Portugal boasts of a competitive higher education system, excellent healthcare facilities and diverse business opportunities. Major industries include tourism, automotive assembly, electronics, glass and pottery, footwear, cement, cellulose and paper, rubber and chemicals, cork and cork product and food industries (mainly canned fish). Besides being popular as a holiday destination, Portugal has also emerged as one of the most sought-after passports across the globe.

Money Matters

Fees
Main applicant € 514.80
Spouse € 80.40
Dependents (up to 18 yrs. of age) € 80.40
Dependents (above 18 yrs. of age) € 80.40

Tax System

  • Tax-residents are subject to tax on their income from across the world, while non-residents are taxed on their Portuguese-source income.   
  • Non-Habitual Resident: Foreign-source pensions, dividends, royalties, interest income and other investment income exempted from taxation during a 10-year period
  Resident Non-resident
Personal Income >€80,000 14.5% to 48% A flat rate of 25%
Capital gains A flat rate of 25%  *50% of gross gains derived from the sale of shares
Sale of Real Estate 50% of Capital gains - 14.50% to 48%. *Exempted if the property is taxpayer’s primary homer
Investment Income 28% flat rate
Personal Net worth Nil
Inheritances and gifts stamp duty of 10%
V.A.T Standard rate is 23% An intermediate rate of 13% Reduced rate of 6 %: certain goods and services
Corporate Resident subject to corporate income tax, a progressive surcharge and municipal surcharge. The maximum possible combined effective tax rate is 29.5% (for-profits exceeding €35m).

*Tax resident: 183 days a year or have a home with the intent of habitual residence

*Non-Habitual Resident:  Not taxed as tax resident, in the previous five years

Education System

Coming soon..

Healthcare System

Coming soon...


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