Belgium is literally one of the most multicultural places on Earth, especially since the country is composed of three regions, each one corresponding to one of the three official languages (Dutch, French, and German). Known as the heart of Europe, Belgium is a hub of international cooperation and networking, offering an enriching educational experience
Sunday, September 11, 2022
Study in Belgium
Belgium is literally one of the most multicultural places on Earth, especially since the country is composed of three regions, each one corresponding to one of the three official languages (Dutch, French, and German). Known as the heart of Europe, Belgium is a hub of international cooperation and networking, offering an enriching educational experience
Study abroad in Austria for Pakistani students
Austria is certainly a top choice among international students at present times. The quality of life enjoyed by expats and citizens of Austria is one selling point tempting students to select Austria as their study abroad destination. Austria is 14th richest country of the word by GDP. The working hours allowed to students are restricted by government to enable students keep their focus on work.
Why Pakistani Students Should Study in Austria?
The accommodation is inexpensive as the government has ensured that no expat or citizen has to pay more than 25% of his/her income on rent. Post graduation opportunities are available for students according to their academic profiles and working skills and expertise. The quality of higher education is not less than the UK and Germany. Austria is although majorly a German speaking country but universities their offer plethora of courses in English medium. The general requirements of studying abroad are written below to give an overview of living in Austria as an international student:
Admissions in Austrian Universities for Pakistani Students
Admissions criteria in Austria are decided by universities themselves. You can apply for admission at an Austrian Higher education Institution through online website. For admission in an under graduate program most of the Austrian Universities take entrance examination to assess academic eligibility of the applicant. For admissions in post graduates program the merit system is simple. The university will require your academic transcripts, recommendation letter from your professors, letter of intent written by you explaining why have you chosen a certain program for pursuing your degree, language proficiency test certificate of German or English language whichever medium of instruction for your study program you have chosen and a filled application. After being selected for the program in Austrian University you will be emailed an acceptance letter from university giving you details about tuition fee or scholarship availability if any and also asking for verification of your documents from Austrian Embassy located in your country.
Updated Student Visa of Austria Guide for Pakistani Students
Those admitted in a study program at Austrian University which has duration of six months will be issued a student visa. Whereas those admitted in a study program at an Austrian University which has duration of more than 6 months will be issued a residence permit student of Austria. To attain either of the student visa or residence permit for students the applicants need to know that the University they are taking admission in must be accredited by Government of Austria. For both type of visas, the applicants need to provide a valid travel document (passport and national identity card), clearance letter from local police station stating the you don’t have criminal charge registered against you, proof of paid tuition fee, proof of accommodation arranged in Austria for duration of your stay, Bank statement proving that you have financial resources to back your living and study expenses and language proficiency test.
How Pakistani Students can Get Permanent Residence of Austria?
Austrian government has introduced 6 immigration programs based on education, skills and employment eligibility of an applicant. The students can extend their residence permit duration up to 12 months to find an employment. During this duration the can search for a job according to their qualification and professional mastery. After attaining a job contract from employer they become eligible for one of the immigration program and get Red-White-Red Card and paid accordingly.
The minimum wage and employment services and facilities are controlled by Government of Austria. Upon getting Red-White-Red Card the holder is subject to all state provided privileges and sanctions expect for the right to vote. If you continue to live in Austria for 8 years un interrupted, it makes you eligible to attain citizenship of Austria on condition of clearance letter from police station proving that you has been a responsible resident throughout all these years.
Living Expenses and Study Expenses Austria for International Students
Study Cost
People have general perception of Austria as an expensive country of Europe. When in reality it is way more reasonable in cost of living and study than other famous European countries such as the UK and Ireland. A student can expect to pay around 1450 Euros per year for a post graduation study course. The University of Vienna is the top ranked university of Austria consequently it is the most expensive one. You can expect to pay around 700 Euros per semester or it varies depending upon the citizenship of student and also depend upon time for how long you have already been studying there. The public sector universities offer a considerably low cost per year fee contrary to it private universities are quite expensive.
Living Cost
The living cost in Austria is substantially low cost. Despite being a popular study abroad destination and a tourist destination, Vienna is not expensive as London or Dublin. The universities in Austria do not offer on campus accommodation but there are private dormitories which are connected with universities or owned by universities where majority of international students reside. You can expect to pay 300 to 500 Euros per month including bills which is quite cheap owing to the fact that Austria is one of the richest countries in the world. The dormitories have all the facilities that a student can ask for; the location is near to public transports, universities, free internet, bicycle parking area, furnished kitchens, furnished bedrooms. In dormitories you can have single room, shared room, apartment, studio apartment or flat. Private housing is also not so expensive. You can expect to get a private accommodation in 300 to 500 Euros with almost same facilities as dormitories but with privacy. Food is expensive especially in winter season when finding fresh vegetables and fruits gets short due to weather.
On average a student requires approximately 800 to 1000 Euros per month to bear his/her living expenses.
Latest Student Jobs in Austria for Pakistani Students
In Austria work permit is applied by the employer on your behalf for providing you an employment contract. You will be eligible for availing all employment benefits of paid holidays, protection against unlawful and uninformed dismissal from job and sick leaves by registering your employment contract with local authorities. The wage will be settled according to law of Austria and you will be duly paid. Masters students are allowed to work for 20 hours a week and Bachelors students are allowed to work for 10 hours a week. There are plenty of job options for students in Austria and on average a student can earn 800 to 1000 Euros per month.
Health Insurance for Austria International Students
What health insurance covers:
Doctor and hospital visits
Medicans
Mental health
Prescription drugs
Medical devices and more
If you wander around the streets of any Austrian city, you’ll feel like you’ve gone back in time as you start to experience that fairy tale vibe. Austria has a unique charm making every visitor marvel at its beauty. As a student in Austria, you won’t just enjoy the country’s numerous beauties; you’ll also study at one of the universities offering excellent academic options.
One of the countless advantages of studying and living in Austria is being within one of the safest countries in the world and enjoying a high quality of life.
You can discover Austria’s incredible culture and history, if once you attend the diverse social events held in any of its major cities. From art exhibitions to concerts, theatre performances, and the famous balls – you can find pretty much anything.
Austria is also the perfect destination for outdoor sports fanatics. The Austrian Alps are the perfect setting for skiing, hiking and climbing.
Find your perfect study degree in Austria!
The great number of high-quality education institutions, a long academic tradition and an open-minded learning atmosphere make Austria an easy choice for students who are seeking an international education.
Austrian universities, as well as Austrian cities, have a high multicultural environment; so it is easy for foreign students to adjust here. Study degrees are either research-focused or they include practical exercises in order to develop your problem-based learning skills. Austrian universities partner with many of the local research centres that conduct projects in quantum physics, biomedicine, nanotechnologies, communications, and environmental technologies.
Why study in Austria?
1. It's super affordable and in some cases free
Public universities in Austria are free for all EU and EEA citizens; international students only pay around 1,500 EUR per academic year. At universities of applied sciences (UAS), tuition rates vary between 365 and 7,500 EUR depending on the study programme and your nationality.
2. You'll live in a safe and secure environment
Austria is one of the safest countries in the world, enjoying a low crime rate and a high standard of living and social security. In a world full of political and military tensions, armed conflicts, and violent protests, you won't have many worries while living in Austria.
3. High quality of life
If you choose Austria, you'll have the opportunity to study and live in Vienna, which has been ranked as the city with the highest quality of life for 10 years in a row! Everything from transport to accommodation, from student services to administrative support, from salaries to job outlook is excellent.
4. Austria is an artistic and cultural hub
Wolfgang Amadeus Mozart, Franz Schubert, Egon Schiele, Gustav Klimt — do we need to say more? Austria also has a long list of museums and galleries which are a must-see for any visitor.
5. There's a sport for everybody
If you're into sports, you should feel right at home in Austria. There's something for everybody! And if you haven't found your preferred activity, don't give up. You can choose from football, alpine skiing, hockey, swimming, mountain-biking, etc.
Universities and colleges to attend in Austria
Austria is home to over 50 higher educational institutions, divided as follows:
22 public universities (including research universities and universities of arts)
21 universities of applied sciences
13 private universities
Examples of universities in Austria we recommend:
Central European University (CEU)
WU (Vienna University of Economics and Business)
University of Applied Sciences Upper Austria
FH Kufstein Tirol - University of Applied Sciences
Vienna School of International Studies
What is it like to study in Austria?
The general atmosphere in an Austrian university is quite relaxed and professors are always willing to help students, answer their questions and make sure they understand everything they are learning.
Students get to work in small teams during seminars and team projects, giving students a huge advantage, while they understand new information easier and faster. Additionally, students can engage in active discussions and can present their own point of view.
International offices within the universities often organise trips to nearby cities and surroundings, helping international students adjust to a new country and culture.
What to study in Austria?
As music and arts have had a major influence upon Austria’s culture and traditions, you can expect many universities and academies to provide a large number of study programmes devoted to these fields. However, you can also find plenty of Bachelor’s and Master’s degrees in numerous fields, from Business Administration, Computer Science, to Languages, Political Science, Psychology, and Engineering.
Here are some of the most popular study options in Austria
Masters in Marketing in Austria
Masters in International Business in Austria
Masters in Computer Sciences in Austria
Masters in Electrical Engineering in Austria
Where to study in Austria?
Vienna is home to the largest number of universities in Austria. Other cities in Austria that house a variety of universities or academies are Graz, Salzburg, Linz, Graz and Innsbruck.
Highly urban cities like Vienna and Linz have numerous cultural attractions, with museums, theatres, bars and restaurants, to fulfil your active social life.Instead, in cities like Innsbruck or Salzburg that are surrounded by mountains, you can mostly spend your free time in the middle of nature, hiking or skiing during the winter.
How to apply
For most universities in Austria, you can simply apply online by submitting the application form along with all requested application documents. However, it is always recommended that you check with your chosen university, as in some cases, you will also have to send documents by post. Here are a few important steps to keep in mind:
Carefully check all the required application documents and make sure they are all translated into English or German. For instance, an internationally recognised Bachelor's degree or equivalent is the main requirement when enrolling in a Master’s degree at a university in Austria.
Make sure to know what the language requirements are, and whether you need to prove skills in English before enrolling in a degree programme.
Show how you performed as a student, and be sure to know what your Grade Point Average (GPA) was during your studies.
To help your chances of going to Austria, be sure to apply to more than one university!
Make sure you qualify for an Austrian university
Take Preparation Courses
These kinds of courses enable degree-seeking students to get an extra educational boost just before they start their Master’s degree or other post-graduate degree programmes.
Try a pre-M.B.A., pre-Law, or pre-Medicine programme, as well as any other foundation or preparation courses that will allow you to study in the degree programme of your choice.
Improve your English through an English-language prep course
If you’re attending a degree programme in Austria, you will sometimes need to prove that your language skills are good enough to participate in the classes and understand the lectures. These courses will also prepare you for any of the English-language tests that universities require.
English-language tests
There are over 200 English-taught programmes in Austria.
Universities in Austria will want to see proof that you have good English-language skills, so that you can easily succeed in their courses. Almost all Austrian universities accept these official English exams:
PTE Academic
IELTS
TOEFL
C1 Advanced
Visa for the Czech Republic
Citizens from the U.K., the U.S.A., Australia or Canada do not require an entry visa for for short stays (up to 90 days in any 180-day period in the whole Schengen Area).
Do you need a visa to travel to Austria?
Visiting Austria on a Schengen Visa
From its stunning capital, Vienna, to the beautiful picturesque ski resorts of the Alps, Austria is a wonderful place to visit.
To travel to Austria for a short trip lasting fewer than 90 days, you will need an Austrian Schengen Visa, as it is part of the Schengen Area of European countries that have abolished border controls between each other. If you plan to stay longer, for work or study reasons, you will require an Austrian work or study visa.
Who needs to apply for an Austria Schengen Visa?
You need to apply for an Austrian Schengen Visa if you intend to visit the country for tourism and recreation, business purposes, visiting friends or family, cultural and sporting events, airport and seafaring transit visits, official visits, medical treatment, short-term study, and research purposes.
Depending on your reasons for visiting the Schengen Area and the frequency of your visits, the Schengen consulate can issue you a single, double, or multiple-entry visa valid for 90 days. However, if you are a frequent traveler, you may apply to obtain a multiple-entry Schengen Visa valid for up to five years. On each visit, you will only be able to stay within the Schengen Area for up to 90 days in a 180-day period.
Is Austria part of the Schengen area?
Yes, Austria is the part of the Schengen area. The 26 Schengen countries are: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.
How much will my Schengen Visa to Austria cost?
You must pay administration fees (related to the administrative processing of the request). The amount of the fees must be paid to the visa service when submitting the application: either online if you have made a pre-application via an internet platform or with the service with which you submitted your file.
The fees are not reimbursed in the event of visa refusal.
The price of the Schengen Visa varies according to the age of the person concerned:
Adult: €80
Child from 12 to 18 years old: €80
Child from 6 to less than 12 years old: €40
Children less than 6 years: free
Certain external service providers mandated by the Austrian consular authorities may charge service fees. They are not refundable even in case of refusal of visa application.
How do I apply for a Schengen Visa to Austria?
You will need to fill in a Schengen Visa application form and supply the following documents/
two recently taken passport-style photos
a passport or other travel documents that are less than 10 years old and valid for at least three months after your departure date from the Schengen Area.
You will also need travel and medical insurance covering you up to costs of €30,000 a cover letter stating your itinerary and the purpose of your visit, as well as a flight itinerary and proof of accommodation during your stay, proof of your civil status, like a marriage certificate, and proof you have means of subsistence during your stay. The amount you need to show you have will vary from country to country.
Those planning to work or study will need additional documents. Proof of sufficient financial means is not specifically stipulated by the Austrian government and is regulated on a case-by-case basis. You can do this by showing bank statements, hotel bookings, and that your income or investments are enough to support yourself during your stay.
Austrian Visa requirements for a work, business, or student visa
If you’re applying for a work visa to Austria, you will need to provide the embassy/consulate with documents that prove you meet the Austrian Schengen Visa requirements based on your employment status. If employed, you need an employment contract, a current bank statement, a no objection letter from your employer giving you leave to travel, and an income tax return. If self-employed, you will need a copy of your business license, company bank statements, and income tax returns. You will also need an invitation letter regardless of whether you are applying for a longer work visa or a short-stay visa for business or study.
Student visas require proof of enrolment at an Austrian institution, a no objection letter from your place of study in your homeland, and an invitation letter.
Steps to follow when applying for an Austrian Schengen Visa
Work out which Austrian Schengen Visa type you need based on the purpose of your travel. Collect the required documents for a visa to Austria. Make a visa appointment with the Austrian Embassy/Consulate or an accredited visa application center in your home country. Attend the visa interview at the appropriate Austrian Embassy. Wait to see if your visa is approved - you can track your application online.
Where do I apply for an Austria Visa?
You will need to apply to the Austrian embassy or consulate in your country of residence or a visa application center acting on their behalf. The official visa partner of Austria is VFS Global - so they may act on Austria’s behalf in your country. They can help arrange your appointment and track your application.
What are the questions asked in a Schengen Visa interview?
The general questions you should be expecting during an interview for a Schengen Visa are ones like whether you are married, traveling with others, and have medical insurance. You will need to show documents such as bank statements and your itinerary.
How long does it take to get a visa to Austria?
The processing time for an Austrian Schengen Visa may take up to 15 days in a normal situation - but could take up to 60 days to be issued in extreme circumstances. You can apply for your visa up to six months before you travel. It is recommended you do so at least a month before your trip.
Why choose AXA Schengen Insurance?
Those traveling to the Schengen Area, including Austria, need travel cover, and AXA’s Low Cost Travel Insurance only costs €20 per week of your trip and will meet your visa requirements, while the AXA Schengen Europe Travel Insurance offers extended coverage up to costs of €100,000.
Those seeking a multiple-entry visa can purchase the Multi Trip insurance from €298 per year, which again covers you for expenses up to €100,000.
Applying for Schengen Visa to Malta
Visiting Malta on a Schengen Visa
A relatively unspoiled island in the Mediterranean Sea, Malta has a fascinating history as a key maritime hub, as well as beautiful beaches and historic towns. To travel to Malta for a short trip lasting fewer than 90 days, you will need a Malta Schengen Visa, as it is part of the Schengen Area of European countries that have abolished border controls between each other.
Who needs a Schengen Visa to enter Malta?
If you are traveling to Malta, you will need a Schengen Visa if you are a citizen of a non-Schengen country without a visa-free travel agreement with the area, or if you have been refused visa-free travel.
How much is the Malta Schengen Visa fee?
The visa fee - which must be paid before going through with your application- is €60 for adults and €40 for minors.
Is it easy to get a Malta visa?
Malta is one of the more difficult countries to obtain a Schengen Visa from - just under 15 percent of applications are refused.
How do I apply for a Schengen Visa to Malta?
You will need two recently taken passport-style photos, your passport or other travel documents that are no older than 10 years and valid for at least three months after your departure date from the Schengen Area. You will also need travel and medical insurance covering you for costs up to €30,000 a cover letter stating your itinerary and the purpose of your visit, as well as a flight itinerary, proof of accommodation, proof of your civil status, like a marriage certificate, and proof you have means of subsistence during your stay.
According to the information provided by the European Commission, a foreign national who wants to enter Malta on a Schengen Visa needs to attest to having 48 euro per day of their stay.
What are the Malta Visa requirements for a work, business, or student visa?
If you’re applying for a work visa, you will need to provide the embassy-consulate with documents that prove you meet Malta Schengen Visa requirements based on your employment status. If employed, you need an employment contract, a current bank statement, a no objection letter from your employer giving you leave to travel, and an income tax return. If self-employed, you will need a copy of your business license, company bank statements, and income tax returns. You will also need an invitation letter regardless of whether you are applying for a longer work visa or are applying for a short-stay Schengen Visa for business. Work permits in Malta are specific to the employer, occupation, and location - although there can be exceptions - and are normally valid for one year.
Student visas
Student visas require proof of enrolment at an institution in Malta, a no objection letter from your place of study in your homeland, and an invitation letter.
What are the steps to follow when applying for a Malta Schengen Visa?
Work out which Malta Schengen Visa type you need based on the purpose of your travel.
Collect the required documents for a visa to Malta.
Make a visa appointment with the Malta embassy/consulate or an accredited visa application center in your home country.
Attend the visa interview at the appropriate Malta embassy/consulate/visa application center.
Wait to see if your visa is approved - you can also track your application.
Where do I go to apply for a Malta Visa?
You will need to apply to the Malta embassy or consulate in your country of residence, or a visa application center acting on the nation’s behalf.
The official visa partner of Malta is VFS Global - so they may act on Malta’s behalf in your country.
How long does it take to get a Malta Schengen Visa?
The processing time for a Malta Schengen Visa may take up to 15 days in a normal situation, but could take up to 60 days to be issued in extreme circumstances. You can apply for your visa up to six months before you travel.
Why choose AXA Schengen Insurance?
Those traveling to the Schengen Area, including Malta, need travel cover. AXA’s Low Cost Travel Insurance costs just €0.99 ($1.11) per day of your trip and will meet your visa requirements, while the AXA Schengen Europe Travel Insurance offers extended coverage up to costs of €100,000.
Those seeking a multiple-entry visa can purchase the Multi Trip insurance from €298 per year, which again covers you for expenses up to €100,000.
Monday, September 5, 2022
Portugal Golden Visa Residence Program
The Portugal Golden Visa is a residence visa issued to non-EU nationals who have made a significant investment in Portugal, such as purchasing real estate, making a capital investment, or creating employment opportunities.
It is a fast-track process for obtaining permanent residence and citizenship in an EU country – via the Golden Visa, you can become eligible for Portuguese citizenship in as little as five years.
Portugal Golden Visa Investment Options
To be eligible for a Golden Visa in Portugal, you must make one of the following investments:
Purchase a property worth at least €500,000. If you purchase in a low-density area, the investment amount is €400,000.
Invest €350,000 in a property in a Portuguese urban regeneration area. If you invest in a low-density area, the investment amount is €280,000. The project should qualify for investment by the Portuguese Immigration and Borders Service – SEF.
Invest at least €350,000 in a qualifying Investment Fund. The investment options are regulated by the Portuguese CMVM (Securities Market Commission), and usually include venture capital investment in real estate or start-up tech companies.
Make a capital transfer of at least €1 million in a Portuguese bank account.
Purchase company shares worth at least €1 million.
Invest at least €1 million in a company.
Create at least ten jobs for Portuguese nationals.
Invest at least €350,000 for the creation of a commercial company or to reinforce the share capital of a commercial company, through which you create at least five full-time jobs.
Make a capital transfer of at least €350,000 for research activities in science or technology by either public or private scientific research institutions.
Make a capital transfer of at least €250,000 to support the arts or reconstruction of national heritage.
Before choosing a program to invest in, you will have to consult with a range of experts.
The experts working for companies like La Vida – Golden Visas will offer a free consultation to determine your eligibility for the Golden Visa Scheme.
If you are eligible, they can help you choose the program most suitable for you, taking into account your financial situation, nationality, and preferences. They’ll also arrange a trip to Portugal (even help you apply for a Schengen Visa if required) so you can see your options yourself.
Contact La Vida advisors for further details.
If you are eligible, they can help you choose the program most suitable for you, taking into account your financial situation, nationality, and preferences. They’ll also arrange a trip to Portugal (even help you apply for a Schengen Visa if required) so you can see your options yourself.
Who Is Eligible to Apply for a Golden Visa for Portugal?
To be eligible for a Golden Visa for Portugal, you have to fulfil the following requirements:
You must be over the age of 18
You must make a significant investment that is beneficial to the Portuguese economy
You must have no history of criminal records
You must own the money you seek to invest
You must commit to maintaining the investment for at least another five years
Can You Get Portugal Citizenship by Investment?
Yes, if you receive a Golden Visa, you become eligible for citizenship after five years. Unlike other countries, you do not actually need to live in Portugal during that period to acquire citizenship via the Golden Visa route. You only need to spend seven to fourteen days per year in the country.
However, you will have to prove you have accommodation in Portugal, a steady income, as well as knowledge of the Portuguese language, at least on a basic level.
Benefits of the Portugal Golden Visa
The Golden Visa for Portugal is a coveted visa for wealthy investors as it offers a wide range of benefits for the investor and their family members, such as:
Ability to Live and Work in an EU Country
A Portuguese Golden Visa grants you residence in Portugal, which is a member of the European Union. This means that you can eventually obtain a Portuguese passport and enjoy the full benefits of EU nationality: no borders, access to the EU single market, and life in a stable, democratic, prosperous, and secure community.
Businesses in the EU also enjoy the free movement of labour, goods, and services, and free access to more than 450 million consumers.
Access to Portuguese Healthcare and Education
As Portuguese residents or citizens, you and your family will have access to all its national services, such as healthcare and education.
Portugal has a public-funded healthcare system known as the Serviço Nacional de Saúde (SNS). In 2021, the World Index of Healthcare Innovation ranked Portugal third for patient care and medical infrastructure.
Portugal also boasts a relatively high-quality level of public education across all levels – from elementary school to university. The literacy rate in Portugal sits at 99.44 and Portuguese students continuously display higher than average scores at PISA tests.
Lowest Costs of Living in Western Europe
Portugal offers some of the lowest costs of living in Western Europe, without sacrificing the quality of life. Nearly everything is very affordable, from food to education, to healthcare, and leisure and social activities. Technically, you can live comfortably in Portugal with around USD 1,400 per month, although the costs of living depend largely on the selected lifestyle.
In fact, Portugal is considered one of the best destinations for expats, consistently ranking high on international surveys. On the Expat Insider 2021 survey, it ranked at number five – the only European country to make it on the top ten list.
Visa-Free Travel to Europe
A Portuguese Golden Visa automatically grants you the right to travel anywhere in the European Union without a visa. Additionally, many non-Schengen countries will also allow you to enter visa-free as long as your visa or residency permit is available.
Then, once you obtain your Portuguese passport, you will also enjoy the full right to travel visa-free to over 100 countries in the world.
Portuguese Passport in as Little as Five Years
Only five years after your investment, you can obtain a Portuguese passport. Although it is not instant, five years is a relatively short period of time to obtain EU citizenship, especially considering the very lenient residency requirements.
A Portuguese passport will grant you the right to live, work, invest anywhere in the European Union. You can also visit over 150 countries without a visa.
Lenient Residency Requirements
To obtain Portuguese citizenship, you do not need to live in Portugal full-time. You just have to be in the country for seven days out of the first year, and then 14 days in the following two year periods. Once five years have passed, you can apply for Portuguese citizenship and residency requirements will no longer be necessary.
What Family Members Can Apply for a Portugal Golden Visa?
You can include the following family members in your application for a Portuguese Golden Visa:
Your spouse or partner.
Children under the age of 18.
Children over the age of 18, who are dependent on you financially. Adult children must be enrolled in full-time education and unmarried to qualify as dependents.
Siblings under the age of 18 of either yourself or your spouse/partner. For siblings to qualify as dependents, you or your partner must have legal custody of them.
Dependent parents (over the age of 55) of either you or your spouse/partner. You must provide documents proving their dependency unless they are older than 65.
Any family member included in your application will receive a Portuguese residence permit card and enjoy the same rights and privileges as you.
How to Apply for a Portugal Golden Visa?
The process of obtaining a Portuguese Golden Visa is divided as follows:
Visit Portugal and choose your investment.
Set up a Portuguese bank account and tax number.
Complete your investment.
Apply for the Portugal Golden Visa.
Receive your residence permit.
Apply for Portuguese citizenship/permanent residence.
Step 1: Visit Portugal and Choose Your Investment
You (or your lawyers) should arrange a prior trip to Portugal so you can see your options and kickstart the process of investment. If you are interested in investing in real estate, during your initial visit, you will visit properties, meet with lawyers, and (if it is your preference) grant power of attorney to a representative.
If you want to invest in one of the other options, your lawyer will help you set up the necessary meetings and documents for the transfer.
If you are from a country with visa requirements, you may need a Portuguese Schengen visa to visit Portugal for this short initial trip.
Step 2: Set Up a Portuguese Bank Account and Tax Number
Before you can finalise your investment, you will need a Portuguese tax number and bank account.
You can obtain a tax number, also known as a NIF number (Número de Identificação Fiscal) at the local office for Tax and Customs Authority (the Taxpayer Registration Services). There will be a set of forms you must complete (provided by the tax office) and documents to submit regarding your need for a Portuguese tax number.
You can set up a bank account with any trusted financial institution in Portugal. The process is pretty straightforward, the same as anywhere else in the world – you just visit the bank and ask to have a bank account set up.
For both these processes, you must have documents proving your income, home address, and identification document.
Step 3: Complete Your Investment
Once you have set up your bank account and the tax number, you can finally complete your investment. The investment can take months to be finalised; you cannot apply for the Golden Visa until you have the necessary documents proving you have secured it.
See “Required Documents for Portugal Golden Visa Application” below.
After you have finalised your investment, you can return home to collect the required documents and apply for the Portuguese Golden Visa.
Step 4: Apply for the Portuguese Golden Visa
Once your investment has been completed, you can finally submit the application for a Portuguese Golden Visa at the Immigration and Borders Service (SEF). The process is as follows:
Register with the ARI Portal (Residence Permits for Investment Activities) here. ARI is the SEF’s online portal for handling Golden Visa Applications. You can register yourself or a legal representative may do it on your behalf.
Attach electronic copies of the required documents (in PDF, and no bigger than 4MB).
Pay all the relevant fees.
Wait for confirmation from the SEF.
Schedule an appointment to submit your Golden Visa application at a local branch of the SEF.
If you do not wish to apply for the visa in person, you can give Power of Attorney (POA) to a legal representative to apply on your behalf, such as golden visas experts at La Vida. Your legal representative can then submit the visa application for you and your family members, as well as help you perform your investment.
Step 5: Receive Your Portuguese Residence Permit
After you submit your application, it can take from three to six months to receive your residence permit card. The card is valid for one year initially and can be renewed for a maximum of five years.
With your Portuguese residence permit card, you can live and work in Portugal freely, and enjoy the same benefits as all other Portuguese citizens and residents.
Final Step: Apply for Permanent Residency or Citizenship
Five years after making your investment, you become eligible to apply for Portuguese citizenship or permanent residency. At this point, you will need to demonstrate that you have ties to Portugal and pass a general knowledge test. The test proves that you can speak Portuguese at at least an A2 level (conversational) and you have general knowledge of Portuguese society and laws. There are no residency requirements.
Required Documents for Portugal Golden Visa Application
When submitting the Portugal Golden Visa application, you must have the following documents:
The official Portugal Visa Application Form. This is downloadable from the Portuguese visa portal.
Valid passport.
Two passport-size pictures, which are in line with Portugal visa photo requirements.
Proof of having obtained health insurance valid in Portugal.
Proof of having no previous criminal records. You need a certificate from any country in which you have lived longer than one year. The certificate has to be issued by the relevant authorities within the previous three months and translated into Portuguese.
Sworn Statement that you will maintain your investment for a minimum period of five years.
Payment receipt from the ARI portal.
Any documents related to your investment, as detailed below.
Purchasing real estate property worth at least €500,000:
Acquisition deed of the property or the pre-contract agreement.
Declaration from a financial institution authorised or registered in Portugal, which proves the effective international transfer of the assets.
The Land Register Certificate along with the records, endorsements, and registration in force, attests to the ownership of the property.
The legal description of the property, if applicable.
Investment of €350,000 in a property in a Portuguese urban regeneration area:
The above-mentioned documents
Declaration from a competent entity proving that the property is in a regeneration area
Capital transfer of at least €1 million in a bank account:
Declaration from a financial institution that is registered in Portugal, attesting to the deposit. The transfer must be free from any charges and obligations.
Creation of at least ten job positions:
Declaration from a financial institution that is registered in Portugal, attesting to the required deposit.
Individual employment contracts between the employer and the employees.
If you are a shareholder in a company: Extract from the register of companies
Investment in the arts
A Declaration issued by the Portuguese Strategy, Planning and Cultural Assessment Office, stating they have consulted with the competent authorities in the sector and attesting your investment in the support of the arts or restoration and maintenance of the national cultural heritage
A Declaration from a financial institution in Portugal attesting the transfer of the assets
Investment in research activities
A Declaration from the public or private scientific research institution, attesting the investment
A Declaration from a financial institution in Portugal attesting the transfer of the assets.
The investment advisors at La Vida – Golden Visas Visas have expert knowledge regarding the entire Golden visa application process. They can help you obtain the legal paperwork, pre-contract agreement, and all necessary documents for the transfer of property.
Document Guidelines
The documents you submit for the Portuguese Golden visa application should be translated either in English or Portuguese, as requested. Translations should be done by a certified translator.
Some documents, such as civil status documents, must also be legalised through an Apostille Stamp.
Portugal Golden Visa Costs
In addition to the main investment (e.g. €500,000 in real estate), you also have to pay the following government fees:
Processing fee: €533 for each family member
Golden Visa issue fee: €5,325 for each family member
Residence permit renewal fee: €2,663 for each family member on each renewal
Additionally, depending on the investment you make, you will likely hire lawyers, consultants, or other professionals to assist you along the process; you also have to pay for their services and guidance.
You should also take into account the translation, legalisation (Apostille Stamp) or issuance of documents.
The Validity of Portugal Golden Visa
The Portugal Golden Visa is initially valid for one year. You can then continue to renew it for two-year periods, provided that you have maintained your investment. After five years (1+2+2) you become eligible for permanent residence or citizenship.
Obtaining a Portuguese passport gives you access to EU citizen rights, such as the freedom of movement and access to the European market.
How Long Do You Have to Live in Portugal to Maintain a Golden Visa?
To maintain your Portugal Golden Visa, you have to stay in the country for at least 7 days in the first year and then fourteen days in the following two-year periods.
Unlike other types of investment visas, you do not have to live in Portugal permanently in order to renew your Golden Visa or to receive permanent residence or citizenship.
Taxes in Portugal for Golden Visa Investors
If you are a non-resident: You are not taxed on income obtained abroad if you do not live in Portugal. As a non-resident, you only pay tax for income obtained within Portugal, such as from renting out real estate.
If you are a resident: If you are a resident in Portugal, then you have to pay tax on any income obtained abroad.
Taxable income in Portugal is considered:
Employment income.
Pensions.
Director’s fees.
Investment income.
Rental income.
Capital gains.
The tax rate in Portugal is from 14,50% to 48% (for income higher than €80,882). Rental income in Portugal is taxed at a flat rate of 28%.
Who Is Considered a Resident in Portugal for Tax Purposes?
You are considered a taxable resident if you live in Portugal for at least 183 days out of the year. It does not have to be 183 consecutive days. With a Golden Visa, you can maintain your residence permit without actually residing in Portugal, therefore you are exempt from paying income tax on income from abroad.
Remember, any income that comes from inside Portugal will still be subject to tax, even if you live abroad.
Portugal Golden Visa
Initiated
in 2012, the Portuguese Government’s Golden Visa Scheme has reportedly
seen over 5 billion euros invested into the country and it’s easy to see
why. With its warm climate, gorgeous beaches, fine cuisine and
laid-back attitude, it remains an extremely attractive country for those
looking to live, retire or invest in Portugal.
The rules
surrounding the Golden Visa changed in January 2022. Several
high-profile areas - including Lisbon, Porto and much of the coastal
regions in the Algarve were impacted in the new changes. The new rules
will see investment being channeled to the interior, low-density areas
of Portugal.
What is Portugal's Golden Visa?
The
Portuguese Golden Visa allows people to apply for permanent residency
and citizenship after 5 years through investing in real estate, without
having to reside in the country at any point. It’s such an attractive
option due to its relaxed regulations, as the applicant and their family
only have to visit for two weeks every year to renew the Visa.
This
means that you can be granted citizenship without actually living in
the country, which is different to many other countries worldwide. Once
you have a second passport through being a citizen of Portugal, you can
live, work and study anywhere in the EU, also making it an attractive
proposition.
What are the benefits?
Those enrolled in the scheme will benefit from the following:
No visa required to enter Portugal
Visa exemption for travelling through Europe (within Schengen Area)
You can live and work in Portugal
Dependent family members can also obtain permanent Portuguese residency and /or citizenship
Low minimum stay periods (7 or more days in first year and 14 or more days in subsequent years)
After 5 years you will have the possibility of obtaining permanent residency or citizenship and a Portuguese passport
Requirements
In
order to obtain Portugal’s Golden Visa, there are some requirements
that must be met to ensure a successful application. Some of these
include:
No previous convictions on a criminal record.
Be at least 18 years old.
A non-EU or non-Swiss citizen.
Invest a minimum of €350,000 - rehabilitation project.
Invest a minimum of €500,000 - in real estate. The new rules mean the locations where you can invest has changed.
Once
the application is successful, investors will be granted a Golden Visa
for two years. In order to renew the Visa for the next three years, thus
completing the required period, they have to visit Portugal for 14 days
each year.
What are the changes for January 2022?
In the
Algarve, investment in areas such as Alcoutim, Aljezur, Castro Marim,
Monchique and Vila do Bispo, the Loulé parishes of Alte, Ameixial,
Salir, the Union of Parishes of Querença, Tôr and Benafim, the parish of
São Marcos da Serra in the borough of Silves, and the parishes of
Cachopo and Santa Catarina da Fontes do Bispo in the municipality of
Tavira, will still be permitted after January 1st, 2022.
There is
also the option of purchasing properties in touristic developments
throughout the Algarve, offering you the unique opportunity to own a
hands-off, turnkey investment property that will generate you rental
income throughout the Golden Visa process.
This gives investors
lots of different options in the Algarve and may force many to look at
hidden gems in new areas instead of the obvious locations.
Buying
a property in Portugal is the most popular way of obtaining Portugal’s
Golden Visa, however, there are other ways of investing into the
country. These include:
Make a capital transfer of at least 1,000,000€ (one million euros)
Create at least 10 job positions
Make
a capital transfer of at least 350,000€ (three hundred and fifty
thousand euros) for investing in research activities conducted by
private or public scientific research institutions involved in the
national scientific or technological system
Make a capital transfer of at least 250,000€ (two hundred and fifty thousand euros) for investing in artistic output or supporting the arts, for reconstruction or refurbishment of the national heritage, through the local and central authorities, public institutions, public corporate sector, public foundations, private foundations of public interest, networked local authorities, local corporate sector organisations, local associations and public cultural associations, pursuing activities of artistic output, and reconstruction or maintenance of the national heritage
Make a capital transfer of at least 500,000€ (five hundred thousand euros), for purchasing shares in investment funds or in venture capital geared to capitalise small and medium companies that, in turn, must present a feasible capitalisation plan.