Portugal Golden Visa Lebanon: A Complete Guide for 2024

The Portugal Golden Visa Lebanon has recently seen a surge in interest from Lebanese investors seeking to secure a foothold in Europe. This increased enthusiasm reflects a broader trend among non-EU nationals exploring residency and citizenship opportunities in Portugal. The program’s appeal lies in its ability to offer a streamlined path to European residency and, eventually, citizenship, coupled with the stability and opportunities provided by Portugal’s favorable economic and political climate.

As geopolitical uncertainties and economic fluctuations impact global investment patterns, the Portugal Golden Visa Program has emerged as a beacon for those looking to diversify their assets and secure their families’ future.

For Lebanese nationals, the program not only provides a gateway to a European lifestyle but also provides the Golden Visa holder access to the extensive benefits of EU membership, including free movement across the Schengen Area and potential access to a robust market environment.

In this article, we dissect the Portugal Golden Visa Program for Lebanese nationals, its eligibility criteria, benefits, and an overview of the application process.

What is the Portugal Golden Visa

The Portugal Golden Visa program is a residency-by-investment scheme designed to attract foreign investors from outside the European Union. It offers a pathway to Portuguese residency and potential citizenship through various investment options, making it a highly attractive option for global investors, including those from Lebanon. This program allows investors to live, work, and study in Portugal while providing the benefit of visa-free travel across the Schengen Zone.

The core of the Portuguese Golden Visa program is its flexibility in investment choices. Investors can opt for different pathways to meet the requirements, such as contributing to scientific research or funding Portuguese companies through venture capital. This flexibility makes the program appealing to diverse investors, catering to different financial capacities and investment preferences.

Portugal Golden Visa Benefits for Lebanese Citizens

Attractive Investment Opportunities

Portugal’s Golden Visa offers investors an array of attractive investment opportunities. By choosing from various routes, including scientific research, sustainable funds, and cultural donations amongst others, investors can find a pathway that aligns with their financial goals and interests.

These diverse options allow for strategic investments in Portugal’s growing sectors, enhancing the potential for returns and contributing to the country’s economic development.

Low stay requirement means you don’t have to relocate

The Golden Visa’s low stay requirement is a significant advantage for Lebanese nationals with global business commitments or frequent travel needs. This aspect of the program provides the flexibility to maintain a residence in Portugal without the necessity of relocating, making it easier to balance international responsibilities with the benefits of Portuguese residency.

Family reunification

The Portuguese Golden Visa Program allows for family reunification, enabling investors to include their dependent family members in their applications. This provision extends to:

• Spouse or legal partner 
• Children under 18 years of age 
• Children of age who are single, financially dependent, and enrolled as full-time students 
• Parents of the main applicant or their spouse/partner, who must be financially dependent if under 65 years of age

This inclusivity ensures that the benefits of the Golden Visa extend to the entire family, providing a secure and stable environment for all members.

Affordable cost of living

One of the key attractions of Portugal for Lebanese nationals considering the Golden Visa program is the country’s affordable cost of living. Compared to many other Western European destinations, Portugal offers a lower cost of housing, utilities, and everyday expenses. Cities like Porto, Faro, and Coimbra provide excellent value, with reasonably priced real estate and cost-effective dining and entertainment options. This affordability allows families to enjoy a high quality of life without the financial strain often associated with other popular European countries.

For a detailed breakdown of the costs associated with living in Portugal, read our article article: What is the Cost of Living in Portugal

Travel mobility

One of the most significant advantages of the Portugal Golden Visa is the ability to travel freely within the Schengen Area. This includes visa-free access to 29 European countries, facilitating business, leisure, and family travel across the continent.

World-ranked education

Portugal offers world-ranked education, encompassing top-notch primary and secondary schools, as well as leading higher-education and vocational institutions. Lebanese nationals can benefit from a range of prestigious international schools that provide diverse curricula and a global perspective.

Excellent healthcare

Portugal is renowned for its excellent healthcare services, known for their high quality and accessibility. Lebanese nationals can access well-equipped hospitals and a comprehensive public health system that offers advanced medical care and treatment options. The country’s robust healthcare infrastructure ensures that families receive reliable and effective medical services, contributing to their overall health and well-being.

Possibility to attain Portuguese Citizenship

The Portugal Golden Visa provides a viable route to Portuguese citizenship. After five years of holding the Golden Visa, Lebanese nationals can apply for citizenship, subject to meeting residency and language requirements. Obtaining Portuguese citizenship grants access to a Portuguese passport, which allows visa-free travel to numerous countries, offering enhanced global mobility and broader opportunities for international travel and business.

Eligibility Criteria for Portugal Golden Visa Lebanon Applicants

To qualify for the Portuguese Golden Visa program, applicants must meet the following criteria: 

• Clean Criminal Record: Applicants must provide a police clearance certificate from their country of origin and any countries where they have resided in the past five years. 
• Non-EU, Non-Swiss, or Non-EEA National: The program is specifically designed for non-EU nationals. 
• Minimum Investment: A minimum investment of €250,000 is required, with various investment options available. 
• Stay Requirements: Applicants must spend an average of 7 days per year in Portugal, ensuring a total of fourteen days during each residence card’s validity.

Portugal Golden Visa Required Documents

To apply for the Golden Visa, applicants need to provide the following documents: 

• Portugal Golden Visa application form 
• Copy of a valid passport and travel documents 
• Declaration from a Portuguese bank confirming the transfer of funds 
• Proof of health insurance (if residing in Portugal) 
• Background check or police clearance from the country of origin 
• Documentation of your relationship with accompanying family members, including birth certificates for children and a marriage certificate for a spouse.
• Declaration of honor committing to maintain the investment for five years 
• Documents showing good standing with Portuguese Tax and Customs Authority 
• Proof of non-enrollment or good standing with Portuguese Social Security 
• Receipt of application processing fee 

Documents must be legalized and translated into Portuguese, certified by a Portuguese Consulate, a Portuguese lawyer, or an official notary.

Portugal Golden Visa Investment Options for Lebanese Investors

For Lebanese nationals interested in the Portuguese Golden Visa program, various investment options are available, with each catering to different preferences and financial tiers. The choice of investment route plays a critical role in determining the program’s suitability for each investor. 

1. Fund subscription: This involves contributing at least €500,000 to a Portuguese investment fund such as a private equity or venture capital fund. This option supports sectors like real estate and technology, fostering growth and innovation within Portugal. 
2. Investment or donation in the arts: An alternative route is to invest or donate at least €250,000 in the arts or the restoration of national cultural heritage. This pathway not only supports Portuguese culture but also fulfills the investment requirement for the Golden Visa. 
3. Scientific research contribution: Investors can contribute a minimum of €500,000 to scientific or technological research in Portugal. This option supports the country’s research and development efforts while meeting the Golden Visa requirements. 
4. Creation of jobs: Another option is to create and maintain ten jobs in Portugal. This route is particularly suitable for those interested in establishing a business and contributing directly to the local economy. 

Each investment fund route has specific requirements and benefits, allowing Lebanese investors to choose the option that best aligns with their investment goals and personal circumstances. 

Read our detailed article to learn more about Portugal Golden Visa Funds.

Portugal Golden Visa Application Process for Lebanese Citizens

The application process for the Portugal Golden Visa involves several steps:

Portuguese Golden Visa Program Processing Time

• Year 0: Submit the visa application and supporting documents online to AIMA. After approval, an in-person interview is required. Expect a processing time of 9-12 months before receiving the initial residence permit, which is valid for two years. 
• Year 2: The residence permit must be renewed for an additional two years. The renewal process involves updating documentation and confirming continued compliance with program requirements. 
• Year 4: The permit must be renewed again for another two years. Like previous renewals, applicants must meet ongoing criteria and update necessary documentation. 
• Year 5: At the end of the five years, applicants can apply for permanent residency or Portuguese citizenship, subject to meeting all criteria and processing times. 

Portugal Golden Visa Costs

Government application fees

As of October 29th, the updated government fees for the submission, issuance, and renewal of the residence permit are as follows:

• Online application submission: €605.10
• Issuance of the permit: €6,045.20
• Renewal: €3,023.20

These fees apply per individual, whether the main applicant or a family member. Note that discounts are available for online processing.

Legal fees for application

• Golden Visa legal fees: For single applicants, fees range from €5,000 to €8,000. Applications for dependents under 18 are included at no additional cost.
• Additional fees: For dependents aged 18 and over, costs range from €500 to €2,000. Dependents under 18 are exempt from this charge.

Legal fees for renewal

• Renewal legal costs: For a single applicant, fees range from €1,000 to €2,500.
• Additional fees: For dependents aged 18 and above, costs range from €500 to €2,000. Dependents under 18 incur no fees.

Note: Additional costs may arise based on your specific investment.

Cryptocurrency payments for the Golden Visa

Global Citizen Solutions is pleased to accept cryptocurrency payments. We use the Coingate portal for transactions and can process payments in Bitcoin, Ethereum, Ripple, and other cryptocurrencies. While we do not have a direct point of sale on our website, you can arrange crypto payments by contacting us directly.

We have successfully assisted numerous crypto investors with their Golden Visa applications and other citizenship-by-investment programs. We are here to support you throughout the process.

The Best Cities in Portugal for Lebanese Citizens

Portugal is an inviting destination for Lebanese citizens, with a range of cities offering diverse living experiences. Here’s a comprehensive look at some of the best cities to consider, including key factors such as cost of living, local culture, and amenities:

Lisbon

Living in Lisbon provides a dynamic blend of tradition and modernity. As the capital, Lisbon features a high cost of living compared to other Portuguese cities, but it also offers a wealth of cultural attractions, dining options, and vibrant nightlife. The city is renowned for its welcoming Portuguese people and diverse Portuguese culture, reflected in its historic neighborhoods and contemporary arts scene.

With extensive tram, bus, and metro networks, public transport in Lisbon proves efficient. For expatriate families, Lisbon hosts several international schools, offering diverse curricula and a supportive environment for children from around the world.

Porto

Residing in Porto offers a more relaxed lifestyle with a lower cost of living than Lisbon. This charming city combines historical charm with a friendly atmosphere. Porto’s Portuguese people are known for their warm hospitality, and the city’s rich Portuguese culture is evident in its historic architecture and local traditions.

Public transport in Porto is well-developed, including buses, trams, and the metro. International schools are available, providing quality education options for expatriate families looking for an international curriculum in a culturally rich setting.

Faro

Living in Faro presents a serene coastal lifestyle with a moderate cost of living.

The city is known for its beautiful beaches and mild climate, making it an attractive option for those seeking relaxation.

The Portuguese people in Faro are known for their relaxed and friendly demeanor.

The city’s Portuguese culture is deeply rooted in its historical old town and local festivals.

Coimbra

In Coimbra, you’ll experience a unique blend of academic vibrancy and historical charm.

The cost of living in Coimbra is relatively lower compared to Lisbon and Porto.

The city’s Portuguese people are friendly and proud of their rich cultural heritage.

Living in Coimbra allows you to immerse yourself in Portuguese culture, particularly through its historic university and vibrant student life.

Braga

Residing in Braga offers a blend of historical significance and modern living. The cost of living in Braga is generally lower, making it an economical choice. The Portuguese people here are known for their strong sense of tradition and community. Braga’s Portuguese culture is prominently displayed in its numerous churches and historical sites. Public transport is efficient, with a network of buses and regional trains.

For expatriate families, Braga has international schools that provide quality education while embracing the city’s cultural heritage.

Each of these Portuguese cities offers unique advantages, from the cost of living and local culture to public transport and educational opportunities. For Lebanese citizens seeking a new home, Portugal’s diverse cities provide a range of options to fit various lifestyles and preferences.

How Global Citizen Solutions Can Assist

Global Citizen Solutions is a specialized consultancy that focuses on residency and citizenship by investment, dedicated to helping clients worldwide find the best investment, citizenship, or residency programs. We guide you through every step of the process, ensuring a smooth and efficient journey toward your goals.

For Lebanese nationals, the Portugal Golden Visa offers an excellent pathway to secure EU residency. Reach out to us today to discuss your objectives and find out how we can assist you in achieving your global citizenship aspirations.

Frequently Asked Questions

What is the Portugal Golden Visa?

The Portugal Golden Visa is a residency-by-investment program that allows non-EU nationals to obtain Portuguese residency by making a qualifying investment in Portugal. The program offers a pathway to permanent residency and citizenship, providing access to the Schengen Area and various benefits associated with EU membership.

Who is eligible for the Portugal Golden Visa?

Eligibility for the Portugal Golden Visa is open to non-EU nationals, including Lebanese citizens, who make a qualifying investment in Portugal. Applicants must also have a clean criminal record, provide evidence of the investment, and meet minimum stay requirements.

What are the investment options for Lebanese nationals in the Portugal Golden Visa program?

Lebanese nationals can choose from several qualifying investment options, including: 

• Subscription to qualifying investment funds 
• Donation to Portuguese cultural heritage 
• Contribution to scientific or technological research 
• Creation of jobs within Portugal 

How long does it take to process the Portugal Golden Visa application?

The processing time for a Portugal Golden Visa application is typically between 9 to 12 months. This includes the review of documents, an in-person interview, and the issuance of the initial residence permit, which is valid for two years.

What are the residency requirements for golden visa applicants to maintain the Golden Visa?

To maintain the Golden Visa, holders must spend an average of 7 days per year in Portugal. This requirement ensures that investors remain compliant with the residency obligations of the program.

Can family members be included in the Portugal Golden Visa application?

Yes, the Portugal Golden Visa program allows for family reunification. This includes spouses, dependent children under 18, and financially dependent children of any age enrolled as full-time students. Parents of the main applicant may also be included if they are financially dependent.

How can Lebanese investors apply for Portuguese citizenship through the Golden Visa?

After five years of legal residency in Portugal, Golden Visa holders can apply for Portuguese citizenship. This process involves meeting all residency requirements, demonstrating integration into Portuguese society, and passing a basic language test.

What are the financial requirements for the Portugal Golden Visa?

The minimum financial requirement for the Portugal Golden Visa varies depending on the chosen investment option. For most routes, the minimum investment is €250,000, although other options may have different thresholds.

Can Lebanese nationals include family members in the Portugal Golden Visa application?

Yes, Lebanese nationals can include family members in their Portugal Golden Visa application. This includes spouses, children under 18, and dependent parents. Additional fees apply for children over 18. Ensure all required documentation is submitted for a smooth process.

How can Lebanese nationals transition from a Portugal Golden Visa to permanent residency or citizenship?

After five years of holding a Portugal Golden Visa, Lebanese nationals can apply for permanent residency. To transition to citizenship, they must meet additional requirements, including a minimum of five years of residency, demonstrating Portuguese language proficiency, and passing a citizenship test. It’s advisable to consult with a legal expert to navigate the application process effectively.

Do I need a Golden Visa lawyer to navigate Portugal immigration?

While it is not mandatory, working with a Golden Visa lawyer can be highly beneficial for navigating Portugal’s immigration law. They can assist with complex legal requirements, ensure all documentation is correctly handled, and help avoid potential pitfalls. Their expertise can streamline the process and increase the likelihood of a successful application.