Becoming a Portuguese citizen through investment involves several steps under Portugal's Golden Visa program. Here’s a general outline of the process:
- Investment Eligibility: First, you need to make a qualifying investment in Portugal. The most common route is through real estate:
- Property Investment: Purchase property in Portugal with a minimum value of €500,000. This property can be residential, commercial, or a combination thereof. The investment must be free of any encumbrances, such as mortgages.
- Application for Residence Permit: Once you've made the investment, you can apply for a residence permit under the Golden Visa program. This permit allows you and your family (spouse and dependent children) to live and work in Portugal.
- Residency Requirements: Maintain your investment and fulfill residency requirements. You need to spend at least 7 days in Portugal during the first year and at least 14 days in subsequent years to maintain your residency status.
- Renewal and Extensions: Renew your residence permit annually for the first five years. After five years of holding residency, you can apply for permanent residency.
- Citizenship Application: After holding residency for five years, you can apply for Portuguese citizenship, provided you meet the following criteria:
- Basic knowledge of Portuguese language (A2 level)
- Integration into Portuguese society
- Absence of criminal record
- Continued investment in Portugal (property ownership or other qualifying investments)
- Naturalization Process: Once your citizenship application is approved, you will attend a citizenship ceremony and receive your Portuguese passport. As a Portuguese citizen, you enjoy all rights and benefits afforded to EU citizens, including visa-free travel within the Schengen Area and access to healthcare and education.
It's important to consult with legal and financial advisors to ensure compliance with all requirements and to navigate the application process smoothly. Additionally, keep abreast of any updates or changes to Portugal's Golden Visa program or citizenship laws that may affect your eligibility or application.