Since its inception in 2012, the Portugal Golden Visa Program has emerged as Europe’s premier residency by investment initiative. Designed to attract foreign capital to Portugal, the program has drawn over 10,000 investors to the country since its launch.
With Portugal’s appealing attributes, including a mild climate, affordable living costs, and strategic location, the program has also gained significant traction among New Zealanders. In this guide, we’ll outline how you, as a New Zealand citizen, can take advantage of the Portugal Golden Visa program.
The benefits of the Portugal Golden Visa
The Portugal Golden Visa program offers numerous benefits for New Zealanders:
Residency in Europe: The program provides a pathway for New Zealanders to obtain residency in Portugal, granting access to Europe’s Schengen Area.
Visa-Free Travel: Residency in Portugal allows New Zealanders to travel visa-free within the Schengen Zone, facilitating exploration and business opportunities across multiple European countries.
Quality of Life: Portugal is renowned for its high quality of life, pleasant climate, and vibrant culture, making it an attractive destination for New Zealanders seeking a favorable living environment.
Potential Citizenship: After five years of residency, Golden Visa holders may be eligible to apply for Portuguese citizenship, offering New Zealanders the opportunity to become citizens of an EU member state with all associated rights and privileges.
Can I obtain Portuguese citizenship through the Golden Visa as a New Zealand citizen?
Both Portugal and New Zealand allow dual citizenship, meaning you can become a Portuguese citizen without renouncing your New Zealand citizenship. However, acquiring Portuguese citizenship is only possible after holding your Golden Visa for five years and maintaining your investment.
Initially, the Portugal Golden Visa grants you a two-year temporary residency permit. After this period, you can renew it for an additional three years. As mentioned previously, you are not obligated to reside in Portugal during this time. Simply visiting Portugal for an average of seven days per year will suffice to maintain your residency status and associated rights.
To qualify for citizenship, you must meet the five-year requirement and pass a basic Portuguese language exam.
Golden Visa for family members of New Zealand Citizens
As a New Zealander, you have the right to bring your family members who are already in Portugal or plan to join you there. You can request family reunification through AIMA (formerly SEF) simultaneously with your visa application or after receiving your visa. The following family members may qualify for family reunification under the Golden Visa program:
- Your spouse or partner.
- Children under 18 years old or incapacitated children of the couple or one of the spouses/partners.
- Dependent children over 18 years old who are single and studying.
- Your parents or your spouse/partner’s parents if they are dependent on you.
- Minor siblings.
Investment Types for Portugal Golden Visa
The initial step toward obtaining a Portuguese Golden Visa involves making an investment in Portugal. Several investment options are available, including:
Investment Funds:
Contribution of €500,000 or more for acquiring units of investment funds or venture capital funds under Portuguese legislation. These funds should have a maturity of at least five years, with a minimum of 60% of investments realized in commercial companies headquartered in the national territory.
Business Investment:
Minimum investment of €500,000 for establishing a company in Portugal, combined with the creation of five permanent job positions. Alternatively, reinforcement of the share capital of an existing company in Portugal, resulting in the creation or maintenance of at least ten job positions, with a minimum of five permanent employees, for a minimum period of three years.
Scientific Research:
Capital transfer equal to or exceeding €500,000 for investing in research activities conducted by public or private scientific research institutions within the national scientific or technological system. A 20% discount is applicable for investments in designated ‘low-density’ areas.
Cultural Heritage Contribution:
Referred to as the Cultural Golden Visa, a donation of at least €250,000 for investing in artistic output, supporting the arts, or contributing to the reconstruction or refurbishment of national heritage. This can be done through local and central authorities, public institutions, or private foundations of public interest. A 20% discount is available for investments in ‘low-density’ areas.
Job Creation:
Establishment of a company and creation of a minimum of ten job positions. A 20% discount is provided for investments located in designated ‘low-density’ areas.
Best cities in Portugal for New Zealanders
Lisbon: The capital city boasts a rich history, stunning architecture, and a thriving arts scene. Lisbon offers a diverse range of neighborhoods, from historic Alfama to trendy Chiado, making it an attractive destination for New Zealanders seeking a dynamic urban lifestyle.
Porto: Known for its charming riverside setting, Port wine cellars, and picturesque streets, Porto offers a more laid-back atmosphere compared to Lisbon. New Zealanders can enjoy exploring the city’s historic center, sampling local cuisine, and relaxing by the Douro River.
Cascais: Located just a short drive from Lisbon, Cascais is a coastal gem known for its sandy beaches, upscale restaurants, and lively nightlife. New Zealanders can embrace the beach lifestyle while still having easy access to the cultural attractions of Lisbon.
Faro: Situated in the Algarve region, Faro is a historic city with a relaxed atmosphere and stunning natural surroundings. New Zealanders can explore the charming old town, relax on nearby beaches, and discover the beauty of the Ria Formosa Natural Park.
Coimbra: Home to one of Europe’s oldest universities, Coimbra is a city steeped in history and tradition. New Zealanders can immerse themselves in the city’s academic atmosphere, explore medieval streets, and visit historic landmarks such as the Coimbra University Library.
Still curious? Explore our video!
Why to work with us?
Local Expertise
With our in-depth understanding of Portugal, we focus solely on this destination to provide you with the most detailed and relevant information.
Holistic Approach
Experience a seamless process with one central point of contact for all your needs. Our service covers every aspect of your investment journey and Golden Visa application.
Transparent Service
Benefit from our honest recommendations, tailored to your best interests. Our pricing is transparent and competitive, and we prioritize efficiency to save you time and money.
Simple Process
Harnessing the power of technology, we simplify paperwork and minimize your involvement. As clients ourselves, we understand your needs and strive to provide a hassle-free experience.
Frequently asked question about the Portugal Golden visa for New Zealanders
What is the Portugal Golden Visa program?
The Portugal Golden Visa program is a residency by investment initiative that allows individuals to obtain Portuguese residency through various investment options.
Can New Zealanders hold dual citizenship with Portugal?
Yes, Portugal allows dual citizenship, so New Zealanders can become Portuguese citizens without renouncing their New Zealand citizenship.
How long does it take to obtain Portuguese citizenship through the Golden Visa program?
Applicants can apply for Portuguese citizenship after holding residency for five years under the Golden Visa program.
Can Golden Visa holders travel within the Schengen Zone?
Yes, Golden Visa holders can freely travel within the Schengen Zone, which includes most European Union countries, for short stays.
Can family members of Golden Visa holders also obtain residency in Portugal?
Yes, family members, including spouses, children, and dependent relatives, can be included in the Golden Visa application and obtain residency in Portugal.
