Do you know which golden visa program is better between Portugal and Spain?

Do you know which golden visa program is better between Portugal and Spain?

1. Portugal and Spain Golden Visa Program

1. What is Portugal’s Golden Visa Program?

The Portuguese golden visa project, commonly known as the investment residence permit, is a project that quickly obtains Portuguese residency in exchange for qualified investments. The original Golden Visa granted its holder a temporary residence permit for one year, renewable for up to five years. Afterwards, investors can apply for permanent residency or even Portuguese citizenship.

2. What is Spain’s golden visa program?

Spain’s Golden Visa program is an investment residence visa program that allows non-EU foreigners to become residents in exchange for qualifying investments in the country. Eligible applicants and immediate family members will be issued a residence visa, leading to permanent residence within five years and Spanish citizenship within ten years.

2. Investment requirements for golden visas in Portugal and Spain

1. Investment requirements for Spanish golden visas

People buy real estate in Spain with a purchase value of at least 500,000 Euro real estate. In addition, real estate, commercial stocks, government bonds and other areas have also attracted investors' attention.

2. Investment requirements for Portugal Golden Visa

Currently the most affordable way to invest in Portugal is to invest 280,000 euros to buy a house. In addition, you can also invest in real estate, decoration, entrepreneurship, research, private equity funds, fund transfers, national heritage funds and other fields. It can be seen that Portugal has more competitive investment options and lower investment thresholds than Spain. Of course, although Spain has fewer investment options and higher prices, its real estate market is just as dynamic and strong as Portugal's.

3. Golden visa application time in Portugal and Spain

1. The Spanish golden visa application processing time is fast and efficient. After the documents are submitted, it usually takes 20 working days for the visa to be approved.

2. The Portuguese golden visa processing time is relatively slow, and it takes 3-6 months to get the golden visa.

IV. Portuguese and Spanish Naturalization Timetable

1. Unless you are one of the former Spanish colonies (including Mexico, Peru, Argentina, Philippines, Cuba, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Venezuela, Panama and Paraguay). ), otherwise Spain’s Golden Visa program will not automatically grant you citizenship. Nationals of these countries enjoy the privilege of obtaining citizenship quickly. As long as you meet the short-term stay requirements, you can get a passport in just two years. The multiple-entry golden visa fulfills these residency requirements for citizens, as long as the duration of each trip does not exceed three consecutive months. If you are not a national from these former Spanish colonies, the normal golden visa route allows you to first live in Spain as a temporary resident, with the opportunity to become a permanent resident after the first five-year period. To become a permanent resident, you must physically reside in Spain for 183 days per year. You can only apply for Spanish citizenship after living in the country for ten years.

2. Although Portugal’s golden visa program will not grant you citizenship immediately, the process of obtaining permanent residence and citizenship is not that complicated. Foreigners can apply for permanent residence after five years without having to live in Portugal. Citizenship is available after six years. In short, Portugal and Spain’s golden visa programs are a common way for foreigners to obtain legal residency. Non-EU nationals can usually obtain permanent residence or citizenship and full entry into the EU if they meet procedural requirements. Although both Spain and Portugal offer golden visas, the program requirements and conditions are different.

Foreigners can choose the appropriate immigration visa according to their own circumstances!