Residents of Nigeria can obtain a residence permit in Portugal through a significant investment in several ways. It can be a real estate purchase, a capital transfer, or the creation of jobs.
Portugal Golden Visa for Nigerians is available to candidates who meet the following requirements:
- the minimum age is 18 years old;
- no criminal record;
- investment of the required amount;
- spend at least seven days in the region in the first year.
It is possible to implement Portugal golden visa for Nigerian citizens in several ways. The candidate chooses one method of naturalization that is suitable for him:
- purchase of apartments for 280 thousand euros and more;
- transfer of 250 thousand euros;
- creation of 10 jobs for residents.
As the expert of the company Immigrant Invest Evgeniya Morozova, foreign nationals often choose the registration of the sale of objects from the housing stock.
Benefits of Portugal Golden Visa
In addition to the stunning scenery and pleasant climate, foreign migrants wish to obtain a golden visa for other reasons:
- The permit gives the right to travel freely in all regions of the European Agreement.
- In addition to the lead applicant, the closest circle of dependent relatives can obtain the necessary papers.
- There is no requirement to live permanently in the host country.
- After five years, it is possible to apply for European citizenship.
- The card offers the possibility to receive quality education and medical care.
- You can enter the region even if the borders are “closed”.
- A visa allows you to open an account in any European bank famous for its reliability and protection of deposits.
- If a foreigner lives more than 180 days a year in the region, he becomes a tax resident. However, significant benefits apply to him with a gold card.
In addition, the land is known for its low crime rate, security, and stability, which attracts foreign families with children or wealthy retirees. Entrepreneurs and people in business appreciate the favorable tax environment and the reliability of the banking system. Every year, foreign investors increasingly choose Portugal for its advantages.
Requirements for Portugal Golden Visa for Nigerians
A wealthy adult applicant who wishes to obtain a permit must have no criminal record and a stable income source. Even though the starting price of real estate is 280 thousand euros (125 million Nigerian nairas), this amount applies only to facilities in sparsely populated areas. You will have to spend at least 500 thousand euros on new real estate in major cities.
Do not forget about the additional cost of administrative fees, notary services, and each dependent included in the application. There is another possibility of obtaining Portugal residency by investment for Nigerians. Several ways are available:
- Deposit or share in an investment project for 1.5 million euros.
- 500 thousand euros in the fund for the development of science and research.
- 250 thousand euros for the preservation and maintenance of cultural heritage.
Another area of investment is business. A migrant is required to create at least ten jobs. It is also possible to invest in Portugal residence as Nigerian 500 thousand euros and create five jobs in local companies.
Foreign nationals must confirm the invested funds’ legal origin and the source of income. It is essential to have a clean reputation and not be under sanctions for a positive result on a residence permit request. You must comply with all regional regulations to renew the permit or obtain citizenship.
Portuguese Citizenship Eligibility for Nigerian Citizens
It is possible to collect all necessary documents and submit the application yourself. Still, the process is laborious and requires attention, specific knowledge, and time, so it is better to entrust the matter to professionals. Migration experts will tell you about all the possible options and offer the most profitable, fast, and safe ways to move. Agents know all the intricacies of schemes, real estate requirements, and many other nuances. They will help to avoid possible mistakes at any of the stages.
It is important to remember that the papers must be translated into the national language, apostilled, and notarized. The client is accompanied until he obtains a permit. Cooperation with experts reduces the risk of possible refusals and saves the applicant time and money.
Spouses and minor children may be included in the application along with the lead applicant. Children between 18 and 26 and parents over 65, if they are entirely dependent, can also be included in the application along with the lead applicant. After five years after the date of receipt of the residence permit, all persons listed on the application form may also apply for citizenship. The state fee for each dependent is almost 5,400 euros. It costs 534 euros to obtain a visa and 84 euros for each additional applicant on the application form.
Conclusion
Holders of a Nigerian passport can qualify for a golden visa in Portugal in exchange for a solid investment and, after five years, respectively, apply for European citizenship. Affordable apartment prices and a low cost of living characterize the region. In addition, the economic and political stability of the state makes it attractive to foreign investors.
The scheme for obtaining a gold card is transparent and straightforward, which also helps to attract interest in the area. However, the convenient location of the land, a large number of sunny days, a pleasant climate, and the prospects for the development of all spheres of life put Portugal in the rankings among the many regions of Europe offering a similar scheme.
Business Post Contributor