# Costs of securing Golden Visa **URL:** \ **Category:** Portugal Golden Visa\ **Tags:** portugal, golden-visa\ **Created:** [September 9, 2021, 2:05pm UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074 "2021-09-09T14:05:23Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![kobbydaniel](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/k/8baadc/32.png) [@kobbydaniel](https://community.nomadgate.com/u/kobbydaniel)\ **Post date:** [September 9, 2021, 2:05pm UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/1 "2021-09-09T14:05:23Z")
Hi everyone … Can anyone share what the actual costs of securing a GV are beyond the costs for acquiring property and the closing fees for such acquisition? What are the lawyers fees for the entire process? What are the statutory fees and charges for application for the first residence visa and each of the two renewals before one becomes eligible for permanent residence or citizenship? What are the statutory and other fees/charges for converting a residence permit into citizenship. Any guidance on this would be most appreciated ---
**Author:** ![jjmz](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/dec6dc/32.png) [@jjmz](https://community.nomadgate.com/u/jjmz)\ **Post date:** [September 10, 2021, 12:24am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/2 "2021-09-10T00:24:13Z")
I have catalogued all the costs for all the options I considered (funds, real estate and lawyers) here. > **[Portugal Golden Visa Model](https://docs.google.com/spreadsheets/d/1NUrvu6QH0Vew1C3cC4Yvz3ftZQLsfcsIQGJxCwAdkoA/edit?usp=sharing)** > > This Sheet is private ---
**Author:** ![benw](https://community.nomadgate.com/user_avatar/community.nomadgate.com/benw/32/5251_2.png) [@benw](https://community.nomadgate.com/u/benw)\ **Post date:** [September 10, 2021, 7:57am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/3 "2021-09-10T07:57:16Z")
Hi Jim, interesting analysis which I’m sure people will find helpful. I saw you noted an exit fee of 0.25% for a fund investment with [Bison Bank](https://nomadgate.com/go/bison-bank?source=forum). My understanding was that there is only a subscription fee of 0.25% (assuming [Bison](https://nomadgate.com/go/bison-bank?source=forum) is also the depositary for the fund) and quarterly custody fee of 0.025%. Just wondering where you got the exit fee from? Thanks. ---
**Author:** ![jjmz](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/dec6dc/32.png) [@jjmz](https://community.nomadgate.com/u/jjmz)\ **Post date:** [September 10, 2021, 1:42pm UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/4 "2021-09-10T13:42:33Z")
I did not have that in the doc till this week, when I noticed this from this post… > [@Portugal GV Fund Comparison?](https://community.nomadgate.com/t/portugal-gv-fund-comparison/25375/584): > > @loheiman We chose BiG because they are Portuguese. While I admit BisonBank was very prompt and their website is better (and English), we’re in this for the long journey and we’re not concerned about the language differences. Ended up choosing based on the “local” attributes. And although this is largely a pass through and holding service for our funds, (the money will only be deposited into the account to be transferred to the fund’s account swiftly after) the fees are close enough between… I have not independently verified with [Bison](https://nomadgate.com/go/bison-bank?source=forum) or BIG ---
**Author:** ![benw](https://community.nomadgate.com/user_avatar/community.nomadgate.com/benw/32/5251_2.png) [@benw](https://community.nomadgate.com/u/benw)\ **Post date:** [September 12, 2021, 4:28am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/5 "2021-09-12T04:28:21Z")
I’ve confirmed with [Bison](https://nomadgate.com/go/bison-bank?source=forum) and there’s no exit fee. Their standard subscription fee is actually 0.5% (it’s reduced to 0.25% if you are investing into a fund whose depositary account is also with [Bison](https://nomadgate.com/go/bison-bank?source=forum)). ---
**Author:** ![jjmz](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/dec6dc/32.png) [@jjmz](https://community.nomadgate.com/u/jjmz)\ **Post date:** [September 12, 2021, 5:00am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/6 "2021-09-12T05:00:56Z")
Thanks - I have updated the sheet. ---
**Author:** ![sullivanandrew429](https://community.nomadgate.com/user_avatar/community.nomadgate.com/sullivanandrew429/32/4197_2.png) [@sullivanandrew429](https://community.nomadgate.com/u/sullivanandrew429)\ **Post date:** [November 11, 2021, 10:06pm UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/7 "2021-11-11T22:06:36Z")
I am getting a quote from a firm to help facilitate this process for 5% of the purchase price of the property. Does not include legal fees, etc. Would this type of costs be in the spreadsheet and is 5% a competitive rate? ---
**Author:** ![jjmz](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/dec6dc/32.png) [@jjmz](https://community.nomadgate.com/u/jjmz)\ **Post date:** [November 12, 2021, 12:56am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/8 "2021-11-12T00:56:04Z")
Yes it is in B11 on the Real Estate Tab. However, I do not have any data points on it - so it is currently set to zero. I did not seriously consider real estate so did very little research on it. ---
**Author:** ![vipkapoor](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/v/4af34b/32.png) [@vipkapoor](https://community.nomadgate.com/u/vipkapoor)\ **Post date:** [January 12, 2022, 1:10am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/9 "2022-01-12T01:10:05Z")
WOW. AMAZING WORK. A LOT OF IT IS ABOVE MY PAY GRADE. just wondering why merman exit value is 280k and 350k for the 350 buy back projects ---
**Author:** ![vipkapoor](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/v/4af34b/32.png) [@vipkapoor](https://community.nomadgate.com/u/vipkapoor)\ **Post date:** [January 12, 2022, 1:34am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/10 "2022-01-12T01:34:19Z")
Also what’s “chosen fund”? Is that the name, or the fund you chose? ---
**Author:** ![jjmz](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/dec6dc/32.png) [@jjmz](https://community.nomadgate.com/u/jjmz)\ **Post date:** [January 12, 2022, 1:51am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/11 "2022-01-12T01:51:57Z")
> just wondering why merman exit value is 280k and 350k for the 350 buy back projects Exit value of [Mercan](https://nomadgate.com/go/mercan-properties?source=forum) is 280k as that is the minimum amount needed for most of their projects that are Golden Visa eligible and they simply return capital - so the recommended amount, and the exit value for [Mercan](https://nomadgate.com/go/mercan-properties?source=forum) are both 280K. ---
**Author:** ![jjmz](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/dec6dc/32.png) [@jjmz](https://community.nomadgate.com/u/jjmz)\ **Post date:** [January 12, 2022, 1:54am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/12 "2022-01-12T01:54:05Z")
> [@vipkapoor](#): > > Also what’s “chosen fund”? Is that the name, or the fund you chose? There is a fund choice you can pick on the Inputs tab - Fund Choice, Bank Choice, etc. Those choices are reflected on all the other sheets. Chosen Fund is simply the one that you pick on the Inputs tab. My version has picked Shilling as that is the fund I chose to invest in. You can change all the inputs on the Inputs tab to suit your own choices and/or preferences. ---
**Author:** ![vipkapoor](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/v/4af34b/32.png) [@vipkapoor](https://community.nomadgate.com/u/vipkapoor)\ **Post date:** [January 12, 2022, 3:05am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/13 "2022-01-12T03:05:15Z")
The only option available now is for 350k and 3% return after opening ---
**Author:** ![jjmz](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/dec6dc/32.png) [@jjmz](https://community.nomadgate.com/u/jjmz)\ **Post date:** [January 13, 2022, 3:32am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/14 "2022-01-13T03:32:32Z")
Updated the minimum on [Mercan](https://nomadgate.com/go/mercan-properties?source=forum) to 350K - I have not independently verified it, but taking your word that they don’t have the 280K options anymore - may have to do with the 2022 law changes. ---
**Author:** ![vipkapoor](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/v/4af34b/32.png) [@vipkapoor](https://community.nomadgate.com/u/vipkapoor)\ **Post date:** [January 13, 2022, 4:03am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/15 "2022-01-13T04:03:13Z")
Thanks. That comes with a 3% annual return after property is in operation ---
**Author:** ![jjmz](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/j/dec6dc/32.png) [@jjmz](https://community.nomadgate.com/u/jjmz)\ **Post date:** [January 13, 2022, 4:14am UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/16 "2022-01-13T04:14:06Z")
Since that is much bigger change to model accurately, I have added a 1.5% annual income on it - which is a 3% rate for roughly half the 6 year term of the investment amortized over the whole term of the investment. Not that this makes a massive difference to the overall equation, but it does reflect the economics more closely. ---
**Author:** ![Yoyocharlie](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/y/4bbf92/32.png) [@Yoyocharlie](https://community.nomadgate.com/u/Yoyocharlie)\ **Post date:** [January 25, 2022, 8:50pm UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/17 "2022-01-25T20:50:35Z")
Hello! I just started researching the Golden Visa today and it seems like a really great way to be able to obtain EU citizenship. I have one question that I haven’t been able to find the answer to and I’m hoping maybe someone here can help me out with. Let’s say I chose to pursue one of [Mercan](https://nomadgate.com/go/mercan-properties?source=forum)’s €280K (like the one they just emailed me about), how much money is required for the property up front, and also, how much would the monthly payments be for the remainder of the 5 years? Or do you have to pay for it all up front? I’m sure it varies for each property, but I just can’t find any numbers of this nature in my research. Thank you! ---
**Author:** ![Hutch](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/h/ebca7d/32.png) [@Hutch](https://community.nomadgate.com/u/Hutch)\ **Post date:** [January 25, 2022, 9:50pm UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/18 "2022-01-25T21:50:38Z")
For [Mercan](https://nomadgate.com/go/mercan-properties?source=forum), you pay for it all up front. There are also SEF fees and legal fees on top of that figure. ---
**Author:** ![Yoyocharlie](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/y/4bbf92/32.png) [@Yoyocharlie](https://community.nomadgate.com/u/Yoyocharlie)\ **Post date:** [January 25, 2022, 10:22pm UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/19 "2022-01-25T22:22:13Z")
Thank you! ---
**Author:** ![sanayshetty](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/s/e480ec/32.png) [@sanayshetty](https://community.nomadgate.com/u/sanayshetty)\ **Post date:** [February 19, 2022, 3:01pm UTC](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074/20 "2022-02-19T15:01:45Z")
Hi, Can anyone verify the track record of [Mercan](https://nomadgate.com/go/mercan-properties?source=forum) in terms of their delivery or buyback of shares at the end of their respective tenure with regards to properties under the 280k or 350k bracket options [Next page](https://community.nomadgate.com/t/costs-of-securing-golden-visa/53074.md?page=2)