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Benefits of Obtaining Portugal Golden Visa for Nigerian Passport Holders

The Golden Visa Portugal program has been operating since 2012. It was created to provide citizens of non-European countries, including Nigerians, with the right to obtain a residence permit in exchange for investment in real estate. The possibility to obtain Portugal Golden Visa has helped not only people but also the country: during these years, about 6,000,000,000 euros have been invested in the economy.

The Golden Visa Portugal is one of the most popular programs for obtaining the cherished status for investment, because you can find here:

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  • affordable real estate prices;
  • it is safe to live in;
  • good economic conditions;
  • beautiful climate and nature;
  • Lisbon is one of the most environmentally friendly cities in the world.

To get portugal residency by investment for nigerian passport holders, it is necessary to spend at least 14 consecutive days in the country or intermittently during each 2-year visa period. This issue is covered in more details at immigrantinvest.com.

Portugal golden visa benefits

According to the expert company Immigrant Invest Zlata Erlach, after obtaining a residence permit under this program, the applicant with a Nigerian passport can work, live and study in Portugal during the validity of the visa, as well as freely travel to 26 countries in the Schengen zone of the European Union. After five years, you can get a Portuguese passport, if all other requirements of the law are met.

The relatively low cost of living, spectacular scenery, rich history and culture, distinctive traditions, delicious food along with a high level of security have led to a dramatic increase in the number of applications for this program. 

Who Can Apply for the Golden Visa

People from third countries can participate in the program and take advantages of Portugal Golden Visa, who:

  • are ready to invest as self-employed persons or through a company established in Portugal or in another EU member state;
  • steadily reside in the country;
  • meet all the requirements of this program. 

Anyone other than Portuguese and EU citizens can apply for the Golden Visa program.  It is also possible to include a spouse, children under the age of 18. In certain cases, parents can also be added, if you are ready to care for them and can prove it.

An investor within the Golden Visa Portugal program must comply with the following conditions:

  • be of legal age;
  • have investments in real estate within 6 years;
  • transfer money to Portugal from another country;
  • possess a valid passport for legal stay in the country;
  • not have a criminal record;
  • stay in the territory of the country for at least 14 days during each two-year visa period.

Next, let’s look at the application process itself and what should be attached to it.

How to apply for the Portugal Golden Visa for nigerian

You can prepare and apply on your own, but it is better to contact experts to make the move process faster. This way, you will save time and money, as well as get advice on the best investments available on the market. To get residency status for an investment in real estate, you need to make a contribution of a certain amount. If this sum is up to 500,000 euros, you will need such a list:

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  • contract of sale;
  • full or partial payment under the contract of sale;
  • title to the property or certificate of registration;
  • tax description of the property and a number of others.

All these documents must be translated into Portuguese, notarized and apostilled.

Possible investments in real estate and other expenses

Citizens of third countries can get the coveted status, under the condition of such investment: 

  • 280,000 euros or 350,000 euros in real estate in the interior or in the autonomous regions of the Azores and Madeira;
  • 500,000 euros or more in all types of real estate, except in major cities such as Lisbon, Porto, Braga, Algarve and others.

Also, the applicant will have other associated costs of a total budget of 7-8% of the principal investment. You will have to make an initial payment for the property (in cash) and take into account the cost of preparing the legal documentation. You will also have to pay certain taxes. Government fees for each family member for filing an application for a Golden Visa is €5336.40. There is also an application and renewal fee of €533.90 for the principal applicant and €83.30 for each family member. There are also the services of a lawyer: €6,000-8,000 per family. And only after all these payments, you can think about portugal residency by investment for nigerian citizens. 

Requirements for a golden visa to Portugal for Nigerian citizens

Nigerian citizens must meet the following requirements:

  • age – at least 18 years old;
  • minimum period of stay in Portugal – 7 days in the first year and 14 days in subsequent years;
  • no criminal record;
  • stable financial situation.

For a Nigerian investor, it takes 1-2 weeks to fill out and submit an application, biometric data; it takes 2-3 months to register, transfer funds, and collect fees. In 2023, the minimum investment amount is 280 thousand euros (112 million Nigerian Naira). The immigration is possible only after approval and obtaining the resident status. This step can dramatically change the life of both the applicant and his entire family for the better.’



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Ifiokobong Ibanga

Ifiokobong Ibanga is the founder of InfoGuideNIgeria.com. You can get in touch with him on Instagram @ifiokobong. If you need a personal assistance on this topic, kindly send a message. Much Love!

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