
Portugal’s Golden Visa program provides a pathway for Pakistani citizens to gain European residency through qualified investments. This increasingly popular program offers flexibility and valuable benefits, including a route to permanent residency or citizenship after several years. Here’s an overview of the program, its eligibility requirements, and how to apply.
What is the Portugal Golden Visa?
The Portugal Golden Visa is a residency permit program that allows non-EU citizens, including Pakistanis, to gain residency in Portugal by making a qualifying investment. This visa is ideal for individuals and families seeking European residency. By meeting the investment criteria and maintaining their residency, Golden Visa holders can eventually apply for Portuguese citizenship.
Key Benefits of the Portugal Golden Visa
The Portugal Golden Visa offers several advantages to Pakistani investors and their families:
- Visa-Free Schengen Travel: Visa holders can travel freely within the 27 countries in the Schengen Area.
- Pathway to Permanent Residency or Citizenship: After five years, visa holders can apply for permanent residency or citizenship.
- Family Reunification: Main applicants can bring spouses, dependent children, and parents under specific conditions.
- Access to Healthcare and Education: Residents can use Portugal’s public healthcare and education systems.
- Low Minimum Stay Requirement: Applicants need to stay in Portugal for only 7 days per year to maintain residency.
- Tax Benefits: New residents can benefit from tax advantages through Portugal’s Non-Habitual Residency (NHR) regime.
Eligibility and Investment Options
Applicants must meet specific investment requirements to qualify for the Golden Visa. Options include:
- Real Estate: A minimum investment of €280,000–€500,000, based on the property’s location and condition.
- Capital Transfer: At least €1.5 million deposited into a Portuguese bank or an approved investment fund.
- Job Creation: Creating a minimum of 10 jobs within Portugal.
- Research and Development: Investing at least €500,000 in Portuguese research institutions or tech ventures.
Investments must be maintained for five years to renew residency and potentially qualify for citizenship.
Steps to Apply for the Portugal Golden Visa
Here’s a step-by-step guide for Pakistani citizens:
- Choose and Prepare Investment: Decide on an investment option, arrange finances, and gather investment documentation.
- Open a Portuguese Bank Account and Obtain a Tax ID: Applicants must open a bank account in Portugal and get a Portuguese tax ID (NIF), often doable remotely or through a representative.
- Gather Required Documents: Compile documents such as your passport, investment proof, health insurance, and clean criminal records; these may need translation and legalization.
- Submit Your Application Online: Apply via SEF’s ARI portal, uploading documents and paying application fees.
- Schedule and Attend a Biometric Appointment: After SEF processes the application, schedule a biometric appointment for you and your dependents to submit fingerprints and photos.
- Receive the Golden Visa Residence Permit: Approved applicants receive a one-year residence permit, renewable twice, with each renewal granting an additional two years.
- Apply for Permanent Residency or Citizenship: After five years, maintain residency and apply for permanent residency or citizenship, which may include basic language and cultural requirements.
Family Reunification and Residency for Dependents
Golden Visa holders can bring family members, including spouses, dependent children, and parents over 55. Approved family members receive residence permits with the same rights as the main applicant.
Portugal’s Golden Visa offers Pakistani citizens a gateway to European residency, granting access to healthcare, education, and potential citizenship—an appealing choice for families and individuals seeking stability and mobility in Europe.