There are general requirements and investment requirements when applying for the Portuguese Golden Visa program through the capital transfer with a value to or above 1 million euros. General requirements for the main applicant are: a passport; criminal Record of the country of origin or country of residence in case the applicant has lived in another country for over one year (this document must be translated into Portuguese, certified by a Portuguese diplomatic entity and the ministry of foreign affairs of the country of issue and must have been issued within the prior three months to the application); affidavit, whereby the applicant declares on his / her word of honor that he / she shall comply with the minimum quantitative requirements and maintain the investment for a minimum period of five years; and up-to-date declarations issued within the prior 45 days by the Portuguese tax authorities and by the Portuguese social security confirming the absence of any debts to those authorities. For investments by way of capital transfer with a value equal to or above 1 million euros, the applicant must prove that an investment in the minimum value was made, either as an independent entrepreneur, or as proprietor of a single member limited company, by delivering a supporting document of an actual international bank transfer, according to the type of investment. These are the types of capital investment: international transfer equal to or above 1 million euros into Portuguese bank account; purchase of Portuguese public debt instruments, namely treasury bonds, savings certificates and ordinary treasury bills; purchase of book-entry securities; purchase of securities held individually deposited with a safe keeper; purchase of securities held individually and not integrated in a central securities depository; purchase of securities integrated in a central securities depository; purchase of share capital not included in the former items; investment in a single member limited company. There is no timeline for the deposit, seeing that the application at the Portuguese immigration entity for the Golden Visa can only be submitted after the investment has been made. The transfer can be made in different parts. The bank account must be open under the investor’s name in a Portuguese bank. In order to open a bank account in Portugal, you need a Portuguese tax number. The required documents to obtain a Portuguese tax number are: a copy of the first page of the passport (page with personal data, signature and picture); abd proof of address in country of residence. Adding to the Portuguese tax number the other necessary documents to open a bank account are: copy of the passport (as above); proof of professional activity (in order to justify the origin of the capital).
