Portugal Residency Visa For Indian
Due to high acceptance rate Portugal Residency Visa For Indian is adjudged as the best among all ! The best part of Portugal Residency Visa For Indian is that you can spend some amazing time in Lisbon, which is the capital of this country.
In my most recent post, I’ve told you that Portugal Residency Visa is offered to non-European Union (EU) citizens. The peculiarity is that the Residence Permit that allows living in Portugal can be granted to a foreigner as long as he meets some of the criteria below.
The Portugal residency card or blue card is a permanent and unlimited residence permit issued to third-countries citizens by the Portuguese Government. With this residency card, you can travel freely across Schengen space countries and avail visa-free entry for short stay in most of the countries.
Portugal Residency Visa For Indian
India is one of the most popular countries for acquiring residency abroad. The number of Indians opting for a second passport is increasing day by day, especially due to the deteriorating situation in the country related to safety & security. Portugal just joined the league of countries like UK and Ireland which have attractive residency programmes available, where you can obtain a European Union (EU) National ID card and live, work or study in any of the 28 EU Member States.
India Portugal residency requirement
- Must be at least 18 years old
- Invest in a property/Real Estate €280,000 (Indian INR 2.6 Cr) in Portugal – OR
- Creation of 10 permanent jobs – OR
- Capital transfer – a minimum investment of €250,000 (Indian INR 2.2 Cr)
- minimum stay requirement of 7 days for the first year and 14 days in subsequent years
The Portugal Golden Visa Permanent Residence Programme is available to India citizens. There is growing demand in moving to Portugal from India through Residence Visa.
Real estate investment for India citizens
List of properties available for investment. Coming soon…!
India, How long does it take to get a Portugal Golden Visa?
India Portugal Golden visa timeline
For an investor from India, 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
India Portugal Golden Visa cost
India Portugal Permanent Residence visa by Investment
In 2022, the Minimum investment amount for Portugal Golden Visa (PR) is typically over €250K (Indian INR 2.2 Cr).
- Invest in a property/Real Estate €280,000 (Indian INR 2.4 Cr) in Portugal – OR
- Creation of 10 permanent jobs – OR
- Capital transfer – a minimum investment of €250,000 (Indian INR 2.2 Cr) – AND
- Contribution of €5,082 (Indian INR 5.4 Lakh) – Main Applicant, €5,336 (Indian INR 5.8 Lakh) – Dependents
Reserve Bank of India (RBI) in its monetary policy review enhanced the remittance limit under Liberalised Remittance Scheme (LRS) to $250,000 per person per year.
Details of Portugal Residence Visa Costs
India Portugal residence benefits
- 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
India – 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.
India Portugal Immigration Consultant
EB5 BRICS can help you navigate Portugal Golden Residency Programme through our presence in Portugal in conjunction with our Portugal Legal Partner. Our team speaks English, Hindi, Urdu and Punjabi.
EB5 BRICS
Phone: +1 (213) 344-5941
E-mail: info@eb5brics.com
India nationals – Portugal residency FAQ
How long does a India national have to live in Portugal to get citizenship?
As a Resident of Portugal, You have to live in Portugal for 5 years before you can start an application to become a Portuguese citizen by naturalization.
As an India national, how much does Golden Visa Portugal Costs?
The Minimum investment amount for Portugal Residence Visa is typically over €280,000 (24M Indian Rupees).