The fact that you are holder of a Greek Golden Visa does not interfere or limit your chances of requesting a Portuguese Golden Visa. In fact, the technical name for a Golden Visa is “temporary residence authorization for investment”, and you can have several residency authorizations for different countries. Furthermore, if you wish to, after five years as a Portuguese Golden Visa holder, request Portuguese nationality, there would most likely be no issue here as well seeing that Portugal allows its citizens to have double nationality.
How can someone hold Golden Visas for Portugal and another country?
I recently completed my Greek Golden Visa process through a real estate purchase in Athens. However, I also want to apply for the Portuguese program through another real estate purchase. If this possible? Will residency in another country hurt my chances for approval?
One of the Golden Visa requirements in Portugal is to be in the country for at least seven days a year. The time required is low and should not affect your visa in Athens. In this sense, it is important to consult your lawyer in Athens. At first we see no problems in obtaining a visa in Portugal. It is important to keep in mind that your tax return will be from a secondary home and you must keep a tax representative in the country. Otherwise, you will be considered a tax resident in Portugal and will have to declare your income here.
According to our law, there are some legal requirements that must be satisfied to have a Portuguese Golden Visa. The Greek Golden Visa and the Portuguese Golden Visa are independent and they involve different processes. Very briefly, the Portuguese Gold Visa is an entry and residency authorization in Portugal granted to non-EU citizens or residents of the Schengen Area who made a large financial investment or job creation. The person who can request the Portuguese Gold Visa is all third-country nationals who pursue an investment activity, either in person or through a company incorporated in Portugal or another EU state and established in Portugal, who meet one of the quantitative and the temporal legal requirements. They may apply for a resident permit for investment activity through an investment, for example, involving the creation of at least 10 jobs or the acquisition of real estate worth 500,000 euros or more.