How To Get Portugal Golden Visa In South Africa
Did you know that Portugal is one of the most preferred countries when it comes to obtaining a residence permit through the Golden Visa program? The Portuguese Residence Permit allows its holders and their families access to all Schengen Area nations. Find out how you can obtain a Portugal golden visa in South Africa.
This article is written to help you understand how to get Portugal golden visa in South Africa. Portugal Golden Visa is smartly crafted program enacted by the government of Portugal in order to attract high net worth from all over the world, especially from developing countries. Under this program, you can get Portuguese residence permit for buying any property worth €500,000 or above. The program has been effective since January 2015 and it’s the best time for your investment because there are only a few countries which offer residence permits in exchange of a real estate investment.
Are you a South African citizen who wants to work and live in Portugal? If so, I’ve got some great news for you.Portugal was the first country in Europe that established special visa requirements for non-EU citizens. Portugal Golden Visa program is one of the most effective ways to legally make your way into with European Union without any bureaucracy.
The Portugal Golden Visa (also known as the Golden Residence Permit) program is a new incentive that Portugal launched in 2010. It’s been succesfull in attracting foreign investers and has since been copied by many other countries.
Are you interested in purchasing a property in Portugal? The government of Portugal offers certain immigrants a permit for residency in exchange for investment. This permits issued to those who wish to live in the country and work can be obtained after completing their investment
How long does it take to get a Portugal Golden Visa for Nigerian citizens?
Portugal Golden visa timeline – Nigeria
For an investor from Nigeria, the processing time for a Portugal residency visa is between 6 to 7 months.
- Application preparation time, decide on investment, Open bank account, Tip to Portugal – 2-3 months
- Complete Application, Submit Application and biometrics – 1-2 weeks
- Pre-registration, transfer of funds, fees – 2-3 months
- Golden Visa residency card is issued
Details on Portugal Residence Visa processing times
How much does Portugal Golden Visa cost for Nigerian citizens?
Portugal Permanent Residence visa by Investment – Nigeria
In 2022, the Minimum investment amount for Portugal Golden Visa (PR) is typically over €250K (Nigerian Naira 112M).
- Invest in a property/Real Estate €280,000 (Nigerian Naira 125M) in Portugal – OR
- Creation of 10 permanent jobs – OR
- Capital transfer – a minimum investment of €250,000 (Nigerian Naira 112M) – AND
- Contribution of €5,082 (Nigerian Naira 2.2M) – Main Applicant, €5,336 (Nigerian Naira 2.3M) – Dependents
Central Bank of Nigeria is the government monetary body that has framework and policy for moving assets and money outside of Nigeria. See their policy here.
Details of Portugal Residence Visa Costs
What are the benefits of Portugal residence for Nigerian citizens?
- No minimum presence required
- Approval of permanent residency in three months
- No worldwide tax remittance basis only
- Schengen residence card
- No Real Estate tax
- Certificate or Permanent Residency for life
- Visa-free travel within Schengen
Nigeria – Portugal PR
Legal amendments in Portuguese law enable non-EU citizens to apply for a Portuguese Residence Permit. This is possible by virtue of Law 29/2012 and Order number 11820-A/2012.
Portugal is an EU country known for its sound political system and fully liberalized market economy. The country is known for its European standard of living and high standards of health care and education. Portugal is a Mediterranean country, which boasts a rich and diverse culture and a Mediterranean climate. Portugal has been a member of the European Union since 1986 and Schengen Area since 1995.