The Golden Residency Card FAQs


1. What kind of investment opportunities are available for Chinese citizens in Portugal?

i.  Capital transfer with a value equal to or above 1 million Euros;
ii. Starting a business that creates, at least, 10 job positions;
iii. The purchase of real estate property with a value equal to or above 500 thousand Euros;
iv. The purchase of real estate property, with construction dating back more than 30 years or located in urban regeneration areas, for refurbishing, for a total value equal to or above 350 thousand Euros;
v. Capital transfer with a value equal to or above 350 thousand Euros for investing in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system;
vi. Capital transfer with a value equal to or above 250 thousand Euros for investing in artistic output;
vii. Capital transfer with a value equal to or above 500 thousand Euros, for purchasing shares in investment funds or in venture capital geared to capitalize small and medium companies that, in turn, must present a feasible capitalization plan.


2. What are the benefits for a Chinese citizens in obtaining this Golden Residence Card?

i.Residence visa waiver for entering Portugal;
ii. Living and working in Portugal, on condition that they stay in Portugal for a period of 7 or more days, in the first year, and 14 or more days, in the subsequent years;
iii. Visa exemption for travelling within the Schengen Area;
iv. Family reunification;
v. Applying for permanent residence (pursuant to the Aliens Act – Act number 23/2007 of 4 July);
vi. Applying for Portuguese citizenship, by naturalization, provided all other requirements set out by the Nationality Act are fulfilled(Act number 37/81 of 3 October, with the current wording);

 

3. Is this Golden Residence Card program safe?

The Golden Resident Card is enshrined in Law.  The Law applied is the Aliens Act -Law n. 23/2007 of 4 July /
Regulatory Decree n. 84/2007 of 5 November / Decree n. 305-A/2012, of 4 October


 4. Is Portugal a safe country?

According to Global Peace Index organised by the Institute for Economics and Peace (IEP)  Portugal is the fifth safest country in the world.


5. If a Chinese citizen decides to buy a property, is an agent needed?

No. The decision to employ the services of an agency, either in Portugal or in China is the choice of the purchaser. The Consulate General of Portugal in Shanghai does not vet any of these agencies.


 6. If a Chinese citizen decides to buy a property, is free healthcare available in Portugal?

Access to healthcare in Portugal is conditional on the monthly payment of social security beforehand. It is compulsory that those who have not made these payments, when travelling to Portugal, invest in a private insurance policy.


 7. If a Chinese citizen decides to buy a property can it be subsequently sold?

Yes. Although, the selling of the property would involve the suspension thereafter of the Golden Residence Card.


 8. What are the costs ofapplying for a Golden Residence Card?

i.€ 513,75 for the initial analysis of the documents presented;
ii.  € 5.135,50 for the issuing of the Golden Residence Card, only paid, if the application is approved;
iii. € 2.568,75 for renewals.
iv. €5.137,50 for every family member, and€ 2.568,75 for subsequent renewals.


9. Can property be then rented out?

Yes.


 10. Can the children of Chinese citizens receive free education in Portugal?

As part of the Golden Residence Card, education is guaranteed from the ages 0- 18 years old.

 

PLEASE NOTE!

THIS INFORMATION IS NOT INTENDED TO BE A SUBSTITUTE FOR CONSULTING THE APPLICABLE LEGISLATION

 

For more information, please consult:

The website of the Portuguese Immigration and Border Service (Serviço deEstrangeiros e Fronteiras - SEF)
The website of the Ministry for Foreign Affairs (Ministério dos Negócios Estrangeiros)
The website of the Development Agency (Agência para o Investimento e Comércio Externo de Portugal - AICEP)