How much does it cost to become a resident of Portugal?

Cost of Acquiring Portuguese Residency

Obtaining Portuguese residency through the Golden Visa program incurs various costs that applicants should be aware of. These costs can vary depending on the specific investment option chosen and the number of applicants.

Base Golden Visa Fee

The base fee for the Golden Visa is €6,000. This fee is non-refundable and must be paid before submitting the visa application.

Additional Costs per Applicant

In addition to the base fee, there are additional costs for each applicant. These costs include:

• Residence permit application fee: €533
• Background check fee: €377
• Processing fee: €500
• Biometric residence card fee: €60

Property Acquisition Costs

The Golden Visa program requires applicants to make a property investment in Portugal. The cost of the property will vary depending on the location, size, and type of property. Applicants can choose from the following investment options:

• Purchase a property worth at least €500,000
• Purchase a property for €350,000 in an urban rehabilitation area
• Invest in a real estate investment fund (REIF) with a minimum investment of €350,000

Annual Renewal Fees

After obtaining a Golden Visa, applicants must renew their residence permits annually. The annual renewal fee is €1,000 per person and must be paid within 30 days of the visa’s expiry date.

Citizenship Application Process

Once an applicant has held a Golden Visa for five years, they may apply for Portuguese citizenship. The citizenship application process incurs an additional fee of €1,000 per applicant.

Total Cost

The total cost of becoming a resident of Portugal through the Golden Visa program will vary depending on the investment option chosen and the number of applicants. However, applicants should expect to pay a minimum of €11,970 (for a single applicant purchasing a property worth €500,000) to upwards of €16,970 (for a family of four purchasing a property worth €350,000 in an urban rehabilitation area). Annual renewal fees and the cost of the citizenship application process should also be factored in.