Is it prior to applying for the visa or can I apply with proof of funds and then finalize the investment at a different stage? What are the steps?
Unfortunately, unlike other EU countries, Portugal’s authorities won’t accept your application based on a proof of financial capacity and then execute (finalize) the investment at a later date. As per the current legal framework, the investment – whatever kind it is – is a mandatory criterion to be fulfilled in order for the application to be accepted. Without the investment’s execution, any application that is filled will surely be denied.
You should make it before applying for a Golden Visa.
Applicants must first make an investment to apply for the Portuguese Golden Visa. The first step is to create a Portuguese tax number and open a Portuguese bank account. All the investment must be paid through the Portuguese bank account, meaning that all the money must come from abroad. After the investment is made, the Golden Visa application is submitted online with proof of the investment, a bank declaration stating that the money came from abroad, criminal record from the country of residence of the last year. To add a spouse, it is necessary to provide criminal record from country of residence of last year and country of nationality if different. Marriage certificate is also necessary. To add children, it is required to provide birth certificates, criminal records if they are 16 years old, proof of dependency if they are 18 years old (declaration stating they are single, proof of study, proof of financial dependency.)
The investment must be completed before the application is submitted to the immigration services.
The Portuguese Golden Visa application requires the proof of investment for the application. This means that first the applicant makes the investment and fulfills the minimum amount of investment values and then will be in a position to apply.
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