Do you know which is better, Portugal or Spain?

Do you know which is better, Portugal or Spain?

I. Portugal and Spain Golden Visa Scheme

1. What is the golden visa program in Portugal?

Portugal's golden visa program, commonly known as the investment residence permit, is a project that quickly obtains the right of abode in Portugal in exchange for qualified investment. The original gold visa granted its holder a one-year temporary residence permit, which can be renewed for up to five years. After that, investors can apply for permanent residency, even Portuguese citizens.

2. What is the golden visa program in Spain?

Spain's Golden Visa Program is an investment residence visa program that allows non-EU foreigners to become residents in exchange for qualified investment in the country. Eligible applicants and immediate family members will be granted residence visas, permanent residency within five years and Spanish citizenship within ten years.

II. Visa Requirements for Gold Investment in Portugal and Spain

1. Spanish gold visa investment requirements

People buy real estate in Spain, worth at least 500 thousand euros. In addition, real estate, commercial stocks, government bonds and other fields have also attracted the attention of investors.

2. Investment requirements for Portuguese gold visas

At present, 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 transfer, national heritage funds and other fields. It can be seen that Portugal has more competitive investment options and lower investment threshold than Spain. Of course, although Spain has fewer investment options and higher prices, its real estate market is as dynamic and strong as Portugal.

Three, Portugal and Spain gold visa application time

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

2. Portugal's gold visa processing time is relatively slow, and it takes 3-6 months for the gold visa to be approved.

Four. Naturalization schedule of Portugal and Spain

1. Unless you are one of the former Spanish colonies (including Mexico, Peru, Argentina, Philippines, Cuba, Bolivia, Chile, Colombia, Costa Rica, Dominica, Ecuador, El Salvador, Guatemala, Honduras, Venezuela, Panama and Paraguay). ), otherwise the Spanish 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. Multiple exit gold visas can meet these residence requirements of 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 live in Spain as a temporary resident first and have the opportunity to become a permanent resident after the first five-year period. To become a permanent resident, you must actually live in Spain every year 183 days. You can't apply for Spanish citizenship until you have lived in this country for ten years.

Although Portugal's golden visa program will not grant you citizenship immediately, the process of obtaining permanent resident and citizenship is not that complicated. Foreigners can apply for permanent residence after five years without having to live in Portugal. Citizenship can be obtained after six years. In short, the Golden Visa Program in Portugal and Spain is a common way for foreigners to obtain legal residency. If the procedural requirements are met, citizens of non-EU countries can usually obtain permanent residency or citizenship and can fully enter the EU. Although both Spain and Portugal provide gold visas, the project requirements and conditions are different. Foreigners can choose the appropriate immigrant visa according to their own situation!