The Golden Visa is only available for non-EU citizens.
There are three different ways to qualify for a Golden Visa.
Create a minimum of 10 jobs
Algarve Retreats, have one prime purpose, our customers satisfaction. As we specialise in properties for sale throughout the Western Algarve, we have a wide selection for you to consider as being the investment for you. When we have found the property that meets with your requirements, we will help you through the property buying process, before then applying for the Golden Visa.
During the property search, we will personally introduce you to a lawyer, who we work with on a regular basis and is highly recommend, to whom you can ask more detailed questions about your personal Golden Visa application. The lawyer will help you set up a Portuguese bank account and obtain a tax number (NIB) to start the application process once the property is purchased.
UPDATED INFORMATION APRIL 2020
The Portuguese government has suspended measures that limited the Golden Visa (ARI) in Lisbon, Porto and Algarve (stand-by restrictions).
As is well known to many, the Portuguese Government intended to create restrictions related to the Golden Visa program , namely by excluding the possibility of acquiring properties in Lisbon and Porto, as well as, possibly, in the other coastal municipalities (especially, Algarve). However, such amendments could not take effect immediately (as, incidentally, they did not) and, therefore, we were in a “gray area” while we waited for the implementation of the respective legislative changes.
Initially and due to the consequences that would result from such restrictions, the representatives of the Portuguese Government cautioned that they did not intend to cause any damage to the investments in progress and, accordingly, it was suggested that such new measures should not take effect until the end of this year. 2020. However, due to the drastic impact of the Coronavirus - COVID-19 - in Portugal and in the world, it has been said that the Government will put these restriction measures on stand-by. Although this is not an official statement, it is very likely that it will be so, as the Golden Visa Program and the investments that are inherent to it, can be pivotal to restore the Portuguese economy and help in the recovery and replacement of the market in the coming years.