After some months of large pendency in the analysis of the Golden Visa applications, the Immigration Office reduced the approval timing to approximately 4 months in the concessions and 3 months in the renewals.
This improvement was a result of task force that was especially created to give the proper answer to the applications of thousands of foreign citizens that found in Portugal the best immigration & investment program in Europe.
At this moment, there are more than 4,500 residence permits granted to foreign investors (and more than 7,500 residence permits for their family members), where Chinese, Brazilian, Russian, South African and Lebanon citizens stand out.
This program allows the investor (through real estate acquisition, financial deposits or investment in scientific and technological research or capital funds) to get a residence visa in Portugal for 5 years with intercalate renewals, with the possibility, for him and for the reunified members, of freely travel around the Schengen Area and to benefit of work, social and health conditions in Portugal.
It can also be the first step to get the Portuguese passport, the 4th strongest passport in the World, according to 2017’ rankings.