This document summarizes the Golden Visa programs in Portugal and Spain that grant residence permits to non-EU nationals who invest a minimum of 500,000 euros. It provides details on the investment options, application process, requirements and services offered by Golden Euroresidence Visas to assist clients with obtaining residency. Key benefits include the ability to freely travel within the Schengen Area and maintaining tax residence in the home country while residing in Portugal or Spain.

1. RESIDENCY FOR NON-EU NATIONALS VIA INVESTMENTS

2. On 9 October 2012 and 27 September 2013, the Portuguese and Spanish Governments approved the
respective Golden Visa legislation, opening doors to international entrepreneurs, and simplifying
entry and stay procedures in Portugal and Spain for non-Eu nationals.
Non-European citizens are granted residence permits if they spend a minimum qualifying amount of
half a million euros in Portugal or Spain, providing them a residence visa for the first year plus further
periods residence permits (during 5 years, until receiving the permanent Visa on the 5th year - in
Portugal and indefinitely, renewable every two years - in Spain).
To qualify for these permits it is necessary that the investment is maintained and that the investors
travel to:
◦ Portugal - 7 days on the first year in Portugal, and 7 days per annum or alternatively 14 days between the 2nd
and 3rd year, and the same applies for the 4th and 5th year, or
◦ Spain - at least once within each period of validity of the residency permit.
Investors may formally apply for residency permits for themselves and for their immediate family: spouse and
descendents under 18 years old or over 18 if they are not capable of providing for their own needs due to health
problems.
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3. This Golden Visa allows investors to move freely within the Schengen Area, of which Portugal
and Spain are a part and which comprises 26 countries: Austria, Belgium, Czech Republic,
Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia,
Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia,
Slovakia, Spain, Sweden and Switzerland.
The possibility of moving throughout the most part of Europe is of great interest to non-Eu
nationals, as is the fact that investors benefitting from this law will enjoy Portuguese or Spanish
residency with unlimited travels and stays in Portugal or Spain, while remaining tax residents in
their country of origin.
Golden Visa applications are granted by the respective Institutions in each country - SEF –
Service of Foreigners and Borders in Portugal and DI - Directorate of Immigration, in Spain.
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The alternative types of minimum qualifying investments are:
Portugal Spain
Property Investments:
Acquisition of real estate – urban or rural properties - with a minimum value of
€500,000.
The investment can be comprised of:
One property in an amount equal or above to €500,000.
Several properties in an amount equal or above to €500,000
One ore more properties as co-owner in an amount equal or above to €500,000
Acquisition of real estate – urban or rural properties - with a minimum value of
€500,000.
The investment can be comprised of:
One property in an amount equal or above to €500,000.
Several properties in an amount equal or above to €500,000
One ore more properties as co-owner in an amount equal or above to €500,000
Capital Investments:
Transfer of funds equal or above €1,000,000 into Portuguese financial entities.
Investment of an amount equal or above to €2,000,000 in Spanish Public debt
government securities or investment of an amount equal or above to
€1,000,000 in representative titles of share capital of Spanish companies or
transfer of funds equal or above €1,000,000 into deposits in Spanish financial
entities.
Business Project:
Set up a company and hire at least 10 employees.
Presentation of a business project to be developed in Spain, which is considered
to be of general interest (as so qualified by a favorable formal opinion issued by
the territorially competent “Financial and Commercial Bureau”), and which
complies with at least one of the following requirements:
Creation of jobs
Realization of an investment with relevant socioeconomic impact in the
geographic area where it will be made
Relevant contribution for scientific and/or technologic innovation

5. INVESTMENT
SHARES OF PORTUGUESE OR SPANISH
COMPANIES (>=€1,000,000)
BANK DEPOSITS IN PORTUGUESE OR
SPANISH BANKS (>=€1,000,000)
PUBLIC BONDS
(>= €1,000,000 in Portugal or
€2,000,000 in Spain)
REAL ESTATE
(>=€500,000)
CAPITAL
BUSINESS PROJECT
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6. In Portugal acquisition of real estate has to be done by the applicant, while in Spain it may be
done by a foreign based Company provided that it does not have its registered office in a “tax
haven”, as so qualified by the Spanish law and provided that the investor holds the majority of
the company’s share capital or is able to appoint and dismiss the majority of its directors.
Properties should be acquired prior to initial permit request, free from any charges, liens or
mortgage, with the sole exception of the possibility of encumbering the property (v.g. mortgage)
in such a manner that the minimum amount of €500,000 of the initial investment is not
encumbered.
A property can be sold during the residency period, but a new one has to be bought since
residency permits will be granted for as long as the investment threshold of €500,000 is
maintained.
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7.  Valid Passport and travelling documents to prove presence in the Portuguese or Spanish territory,
respectively.
 Updated property documents and registration evidencing ownership of property and absence of
encumbrances and documents evidencing the payment of the price and payment of applicable
taxes.
 Proof of means of income (for the investor and family members).
 Fiscal number in Portugal and Spain.
 An account in a local bank that issues a statement to confirm the amounts transferred.
 Valid health insurance for each person applying for the residency permit from a public or private
insurance Company authorized to operate in Portugal or Spain.
 Criminal record certificates both from the countries of residence (during the last year in Portugal and
5 years in Spain).
 Absence of notice and/or alerts from countries with which Portugal or Spain have treaties.
 Payment of the applicable fees for the issuance of the residence permit.
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8. We offer a taylor-made service, that includes:
 PERSONAL TREATMENT
 We will pick our clients up from the airport
 We will arrange hotel accommodation
 We will manage transport facilities
 We will help our clients find the best international schools, universities and Master Programmes for their family.
 We will help them take out the best health insurance policy.
 PAPERWORK
 Application and submission of the initial residence visa.
 Application and submission of the following residence permits.
 Managing of all paperwork
 Client accompaniment to the Local Authorities when necessary.
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9.  INVESTMENT INFORMATION
 Selection of the best investments – real estate, capital shares in Local
companies, bank deposits, etc. according to our customer’s needs. We will
arrange all banking transactions such as opening current accounts, deposits,
mortgages, etc.)
 Full legal advice and support
 Tax advisor and Fiscal representative
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10.  REAL ESTATE ADVICE AND SUPPORT
 We are independent. We look for the best properties and conditions for our client negotiating the
best prices in order to get the maximum return.
 We work with top real estate agencies and real estate developers, as well as directly with owners.
 We select the best properties all over Portugal or Spain
We will take our clients to visit the properties they elect
We will help them to get the best mortgage conditions, over the €500,000 required.
We offer our expertise on managing properties: marketing and leasing, already leased properties,
drawing up of rental agreements, landlord/tenant relations, etc.
We will find and take care of any services our clients may need: removals, domestic help,
maintenance, electricity and gas suppliers, remodeling, design, etc.
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11. GEV is a recently founded Company focused on facilitating Golden Visas to non-EU national investors. Our first and
principal commitment is to improve our client’s life, giving them a personalized treatment, and contributing to the
development of their businesses.
GEV was created based on the opportunity arisen from clients asking for the Golden Visa and Tax legislation, who
required our services in new markets.
GEV is an independent consulting firm whose senior managers have prooven track reccord on Golden Visa services for
more than 1 year in Portugal and Spain, as well as expertise of more than 20 years in the real estate and financial areas,
international consulting and capacity to give advice on investments.
Our team of multilingual professionals based in the two countries will give advice to our clients in different languages
such as Portuguese, Spanish, English, Russian and French. For other languages, we will look for interpreters if necessary.
The team has the culture of developing a close working relationship with clients with the aim of offering valuable and
continuous advice to clients.
We are shaped on our entrepreneurial spirit, integrity and partnering with clients. We reiterate our will to servicing
clients as if they were ourselves, what is proving the best way to develop our business.
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12. Our management team includes:
Victor Artola (CEO Spain), previously 20 years working in international banking, currently CEO of GEV Spain and of
FCB&A Spain where he carries out M&A, Corporate Finance and international trade transactions as well as consulting.
He has been advisor and board member of several national and international organizations such as, NOSCIRA (BIOTECH),
XYLATEL, TRITON CAPITAL, FLIGHTECH SYSTEMS EUROPE among others. He is also Founder and Director of the CAICO
FOUNDATION, a non-profit organization comitted to children sufferring from cancer.
Pilar Bilbao (General Manager Spain), 15 years as a Manager at Real Estate Developers such as PLATYA and VITYLO. Areas
of expertise: negotiations with land and building vendors, banks, market research, control and monitoring of projects
and aiding clients both during and after sales.
Mónica Santiago (General Manager Portugal), 6 months experience with Golden Visa and former Senior (world) Partner
at Mercer Consulting, following a 25 year career throughout Europe as Board Member of Insurers Companies and
Pension Fund Management Companies.

13. Our main offices are in Madrid and Lisbon, but we also have offices in Barcelona, Ibiza and
Luxembourg.
We have local Fiscal Representatives to our clients, ensuring compliance with the tax legislation.
Several International Banks and Law firms, have chosen Golden Euroresidence Visas as the
company which offers its services to their international clients due to the benefits (now and in
the future) of the Portuguese and Spanish Golden Visas, for many of their clients.
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14. GOLDEN EURORESIDENCE VISAS, S.L.
pilar.bilbao@golden-eurovisa.com
(+34) 91 781 95 70
C/Fray Juan Gil 5 – bajo
28002 MADRID - SPAIN
© 2014 GOLDEN EURORESIDENCE VISAS
This document has been prepared by Golden
Euroresidence Visas. It contains proprietary
information. Any disclosure, distribution or
copying of the contents of this document, in
whole or in part, requires the express written
permission of Golden Euroresidence Visas.
GOLDEN EURORESIDENCE VISAS
monica.santiago@golden-eurovisa.com
(+351) 913 726 232
R. Rodrigo da Fonseca 83 3 dto
1250-190 LISBON - PORTUGAL