Good afternoon, Anna.
We are considering the option of buying property in Europe, most likely in Portugal.
We heard that those Russians who are going to buy real estate in Portugal, can apply for themselves so-called Schengen Golden visas.
Tell us, please, what is it and what is required for obtaining the Golden Visa in Portugal? Do all citizens who bought real estate get such visas or have "reefs"?

Responds Anna Larionova, Insight Travel company
Good afternoon!

Indeed, many compatriots plan to buy a house or apartment on the Atlantic coast. Under the Portuguese law, if you buy a property with a total value of 500 000 EUR, you have the opportunity to obtain in Portugal a "residence permit" or GOLDEN RESIDENCE VISA. The advantage for you to have a residence permit in Portugal is:

  • the possibility of traveling all over Portugal and the entire Schengen area without a tourist visa, at any time, an unlimited number of times;
  • accommodation in Portugal and / or another country European Union without bureaucratic difficulties;
  • the validity of residence permits applies to your family;
  • European education in the best universities;
  • medical care in Portugal and European countries;
  • access to the European market labor.

It is necessary to take into account that at first the view on living The license is granted for 1 year, after which the term is extended for two years, then for the next two years. After five years you can apply for permanent residence (permanent residence permit), for the sixth year you can already apply for Portuguese citizenship. There are some restrictions on the minimum length of stay in the country, the encumbrance of the property and other liabilities.

Insight Travel consults and assists in acquiring real estate in Portugal and obtaining a GOLDEN RESIDENCE VISA.

If you decide to purchase a property and the receipt of the "Golden Visa", you need to be prepared to undergo the procedure for the initial application for an examination, an interview at the consulate, then - a tourist visa to Portugal for a further trip to Lisbon and clearance I have a set of documents . In addition, you need to be prepared for additional financial costs: fees and duties . In cases where the possibilities permit the issuance of this visa, we will certainly help to organize a personal meeting with the Portuguese Consul in the Embassy for the interview .

PS: We invite you to visit the stand of Portugal Invest at Expocentre from 1 to 3 April, where you can directly consult on all the issues of interest to you.

March 26, 2014

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