Portugal's Golden Visa programme has become the go-to golden visa for non-EU nationals looking for a second home. However, maintaining this coveted status requires periodic renewal of the residence permit card.
Golden Visa holders must renew their cards every two years. This process ensures continued compliance with programme requirements and allows Portuguese authorities to verify ongoing investments.
Residence Permit Card: When to Renew Portugal Golden Visa
It’s all about time when renewing a Portugal Golden Visa. You should initiate the renewal process at least 30 days before your current permit expires.
Failing to renew on time can lead to permit revocation. Exceptions may be made for legitimate delays, but it's best to avoid this situation entirely.
The renewal process typically takes 2-3 months. This includes document preparation, submission, application review, and issuance of the new card.
Step by Step: How to Renew Portugal Golden Visa Residence Permit
Document Collection: Gather all necessary paperwork. The specific documents required may vary based on your investment type and family composition.
Application Submission: Schedule an appointment through the Portal ARI (Autorização de Residência para Investimento). Submit documents and biometric data to SEF, Portugal's Foreigners and Borders Service.
Application Review: SEF will assess your application and supporting documents.
Card Issuance: Upon approval, you'll receive your new residence card.
Documents You Need to Renew Your Portugal Golden Visa
The renewal process requires a beefy set of documents:
Valid passport
Current Golden Visa residence permit card
Proof of health insurance
Evidence of sufficient funds and accommodation in Portugal
Criminal record certificate from your country of residence (if outside Portugal)
Permission for SEF to check your criminal background in Portugal (for applicants over 16)
Proof of no outstanding tax or social insurance debts
Completed application form
Payment receipt for the application analysis fee
On top of that, you may need to prove you've spent the required 14 days in Portugal over the past two years. This can be done with boarding passes, hotel receipts, or other evidence of your stay.
Fees and Costs of Renewing a Portugal Residence Permit Card
Renewing your Golden Visa involves several fees:
Application analysis fee: €605
Residence permit renewal fee: €6,045
You need to consider additional costs, such as legal services, which vary by provider.
For insurance coverage, set aside around €400 per person annually, depending on age and health condition.
Remember, renewing your Golden Visa isn't just about paperwork. You must maintain your qualifying investment throughout the programme's duration.
The Path to Permanent Residency
After five years of holding a Portugal residence permit, you may be eligible to apply for permanent residency or citizenship. This marks a significant milestone in your Portuguese investment journey.
Wrapping Up
Navigating the Golden Visa renewal process can be complex. At International Wealth Ventures, we specialise in guiding investors through every stage of their global residency programmes.