we have written something about the timeline. Sorry, can’t post the excel table here. The main issue is the the deadline is for online application submission, not approval. This is specifically for property in Lisbon, Porto, and coastal areas.
How to Catch the Timeline to Submit Your Golden Visa Application Before July 1st, 2021
Is there still enough time if I am starting from ground zero?
The short answer is yes, there is still enough time.
The deadline of June 30th, 2021 is the time for submitting your Golden Visa application online, not getting your approval from the SEF (immigration office).
What are the steps and procedures to get the golden visa?
We can separate the process into 3 different areas
Step 1 - Initial set up
This includes opening a bank account, getting your NIF (tax payer ID) and a tax representative. This basic set up is essential for all types of visas in Portugal. Getting a NIF doesn’t mean you are liable for paying tax in Portugal. You can get your NIF months, even years, before you actually submit your visa application. It is recommended to get this as soon as possible.
If you travel in person to Portugal, the setting up of bank account, applying for NIF/ tax representation can be done within 1-2 day.
If you choose to do so remotely, you would need professional help.
Step 2 - Buying your property
Ideally you would have already been looking into the real estates market; narrowed down your search to certain areas and criteria; seen some eligible properties and short list some of them.
If you travel in person to Portugal, viewing of your short-listed properties and choosing the property can typically be done in 2-3 days. You would need to get a lawyer for the purchase of the property. With a power of attorney, all other process can be handled by the lawyer, so you do not need to be physically in Portugal during the purchase process.
It is crucial to shortlist your properties and pre-arrange with viewing date and time with your agent ahead of time before your trip to Portugal.
You can also choose to view properties remotely. If it is an off-plan development, you can get all the necessary information to make the decisions. Or you can arrange a virtual property viewing.
Step 1 & 2 can be combined into a single trip to Portugal. And 3-4 days is all it needs for you to be in Portugal. You do not need to be back until the appointment with SEF is set up to take your biometrics (after initial approval).
Step 3 - Getting your application documents ready
You need to gather your documents for the online application to the SEF website. The critical one is the criminal record. Countries differ in how they issue the criminal record for their citizen. Some countries even require a request letter from the Portugal Consulate to in order to process the issuance of the criminal record, so a trip to the nearest Portugal Consulate to where you live is an extra steps.
Do also take into consideration the time to get the documents. It is not the sooner the better, as a lot of the documents have only a 3-month validity period (from the issuance date to the online submission date). In between this 3 months, you would also need to get those documents apostilled in your home country, and then translated in Portuguese and certified. We recommend you to research on the time needed to get the documents, and for them to be apostilled in your home country. The translation in Portuguese and getting it certified is not difficult, and usually take less than 1 week.
Refer to the below table to the validity period of the documents and requirements for apostilled.
Note: This is not the full list of documents, as other documents may be needed for your dependents
Other than documents from your original country, you would also need to get documents in Portugal. With a power of attorney, your lawyer should be able to prepare the documents for you here. The validity of the documents is usually 2 months.
Applicant’s permission for the authorities to access his/her Portuguese criminal record.
Certificate of no debts from the Portuguese tax and national insurance offices.
Signed statement by the applicant that he/she will fulfil the investment requirements.
Evidence that the minimum investment has been made (this consists of a certificate issued by the appropriate registry office and, where applicable, a letter from a local bank confirming the transfer of the required funds)
- How long does a typical property purchase takes?
There are 2 steps to the purchase of a property - the promissory contract and final deed. Usually we need to wait around 15 days between both, to allow the City Council to exercise the rights of purchases preference (just as a standard procedures) and if the property has a current mortgage, it takes around 10-15 days for the bank to prepare the mortgage distract. So the quickest timeline would be 15 days.
- How long does the whole process takes?
Let’s take a look of at the timeline of the whole process. This is an example for someone who would be coming to Portugal to do the initial set up and the property viewing. If you wish to do the whole process remotely, it is advisable to do the initial set up as soon as possible.
The whole process, from start to finish, can be done in 3 around months as with the below timeline.