Once issued, the Golden Visa will be valid for an initial period of one year and can be renewed for subsequent periods of two years. Permanent residency can be applied for after 5 years and citizenship after 6 years.
To the end of 2014 there were 1700 visas issues, 80% to Chinese nationals with other countries including Russia being popular applicant countries. In 2015 there were approximately 800 visas issued and in the first half of 2016 the issue of visas accelerated to over 800 visas.
With the right advice you can obtain a golden visa in under 3 months using the new fast track procedures.
The Portuguese government set the scheme up in 2012 to offset the drop in investment by the financial crisis. The scheme has had a positive impact on the real estate market and also brought further investment into the country from wealthier individuals
Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.
No, the property can be let for commercial, agricultural or tourism purposes.
Very few but they do include no criminal record and no Notices from a Schengen Area Immigration Authority.