Golden visa is a great initiative by Portugal. It will help the foreign investor to invest their money on the projects. The investors have to spent 500,000 Euros or more than a property of 350,000 Euros for the renewal of the projects. By spending the amount of 50,000 Euros you can get a residency visa for family along with the children.
From 8th October 2012 the Portugal government granted the residence permit for investors in the policy of golden visa. All the business man and entrepreneur can apply the visa to invest their money on the projects of Portugal.
There are certain criteria to apply for the golden visa, such as the capital amount transfer must more than 1 million Euros, the investor must have capable to provide the job opportunity at least for ten people, purchase of real estate value must be more than 50,000 Euros and for the research activities the amount invest should more than 350,000 Euros.
The golden visa should renew in every two year and the person spending two weeks in the country in every two year. By the help of golden visa you can get residency for your complete family, permanent residence with the span of five years and citizenship within six years.
All the positive approach of the golden visa increases the number of applicant for it. 39.8 percent has been increased of application for golden visa in comparison to last February. Within the span of three and half years 2997 golden visa has been attributed.
The business indivisuals who are interested to invest their capital on urban rehabilitation and in the field of science and technology then Portugal is best place among all European countries. In such cases golden visa is one of the finest thing for the investors and business persons.