Portugal’s Golden Visa: Investment options & requirements

Portugal’s “Golden Visa” scheme has been much famous over the course of time. Many of the richest from China and Brazil and from around the globe have been showing more and more interest in this. 

Established back in 2012, Portugal’s Golden Residence Permit Program (ARI) enables non-EU/EEA citizens to obtain a special residence permit in exchange for a 5-year investment in Portugal.

You can check here the Golden Visa statistics from 2012to 2021.

A safe and reliable country that has its “Golden Visa” program through investment. A program that gets you permanent residency in 5 to 6 years. One of the few countries in which the golden visa is not blacklisted by OECD. Foreigners from non-EU countries can obtain permanent residency permits if they invest in Portugal’s economy. It is popular with investors around the world due to its wide range of affordable investment options. Golden Visa is released under Article 90-a of the repsae, in conjunction with article 65ºa and the following articles of the rd 84/2007 as amended.

Holders of a PPR (Portugal permanent residence) permit have a number of rights as Portugal citizens. The Portugal Golden Visa is a resident visa issued to non-EU citizenship who have made significant investments in Portugal, such as investing capital, creating jobs, and purchasing real estate.

A road to Portuguese Passport

Portugal’s passport is one of the strongest passports in the world. A golden visa is a process of obtaining permanent residence and citizenship in an EU country-via the Golden visa holder can become eligible for Portuguese citizenship in as little as five to seven years.

The golden visa scheme will only run till January 2022.

Eligibility Criteria  for Golden Visa

You are eligible for a Portuguese Golden Visa if:

• You have no criminal record
• You are over 18 years of age
• You must have committed to maintaining the investment for at least another five years in Portugal
• You have to arrange money you seek for investment
• You must make a significant investment that is beneficial to the Portuguese economy.

Advantages of the Golden Visa

If you obtain a Golden Visa, you become eligible for citizenship after five years. Unlike other countries, you do not actually have to live in Portugal during this period to obtain citizenship with a Golden Visa. You only need to spend seven to fourteen days in the country. However, you must prove that you reside in Portugal, with a permanent income, as well as knowledge of the Portuguese language at least at the basic level. More benefits are:

• Residence visa waiver for entering Portugal;
• Living and working in Portugal, on condition that they stay in Portugal for a period of 7 or more days, in the first year, and 14 or more days, in the subsequent years;
• Visa exemption for traveling within the Schengen Area;
• Family reunification
• Applying for permanent residence (pursuant to the Aliens Act – Act number 23/2007 of 4 July with the current wording );
• Applying for Portuguese citizenship, by naturalization, provided all other requirements set out by the Nationality Act are fulfilled (Act number 37/81 of 3 October, as amended);

Family Visa

You can also get residence permits for your family members (spouse, children under 26, parents) on the same investment.

Portugal Golden visa investment options

You have different investment options to become a Portuguese Golden visa holder, as mentioned below:

• Arrange a capital transfer of at least €1 million in a Portuguese bank
• Purchase a property worth at least €500,000
• Purchase company shares at least 1 million Euros
• Invest at least   one million Euros in a company
• Arrange ten jobs for Portuguese nationals
• Arrange a capital transfer of at least  €350,000 for research activities in science or technology by either public or private scientific research institutions
• Make a capital transfer of at least  €2,50,000 to support the arts or reconstruction of national heritage
• Invest  €350000 in a property in a Portuguese urban regeneration area Before investing, you should make sure that the project is eligible for investment through the Portuguese Immigration and Borders Service – SEF.

How to apply for a Portugal Golden Visa?

Register with the ARI Portal, the SEF’s online portal for handling the Golden Visa Application (Residential Permit for Investment Activities – ARI). You can register yourself or a legal representative can do this on your behalf. Attach electronic copies of the required documents. Pay all relevant fees. Wait for confirmation from SEF. Schedule an appointment to submit your Golden Visa application to the local SEF branch. If you want to apply through a legal representative, the application is also acceptable, you have to arrange your investment before you can apply as you will have to provide proof of investment as well as the fact that you will accept it. Intend to keep for at least five years. You must have already made your investment before applying, as you will need to provide proof of the investment as well as the fact that you intend to keep it for at least five years

Application for family members: If you are applying for family reunification, your family members can apply through this portal and method. They can apply at the same time or after you. You must apply for a Portugal Golden Visa at the Portuguese Immigration and Border Services (SEF).

Online application portals by SEF

Online registration for different categories can be made here:

• If you have not yet registered as a user of this portal, please do so HERE
• If you want to register the legal representative duly mandated for this purpose, you must do it HERE
• If you have already registered as a user of this portal (investors/household / legal representative) you can access your registration HERE

How does ARI Portal work for Golden Visa?

The ARI Portal provides investors 

• A simplified procedure with a single trip to the SEF desk
• Payment of all fees inherent to the process via the Single Collection Document (DUC)
• Scheduling to travel to the SEF service station will be carried out by the SEF
• Possibility to select location, date, time at your convenience

ARI Portal Features

• Register the application for the Residence Permit for Investment Scheme (ARI) and the respective family reunification
• Register the legal representatives duly mandated for the purpose
• Upload the documents necessary for the analysis of the process (grant applications for investors and their household)
• Generate a Single Collection Document (DUC) of all fees inherent to the process (grant or renewal requests for investors and their respective household)
• Provides appointment scheduling

Validity of visa

Obtaining a Portuguese passport gives you access to EU civil rights, such as freedom of movement and access to the free market. You can understand the validity of Portugal’s Golden Visa in three steps: Initially, Portugal’s Golden Visa is valid for 12 months. In the second phase, you can renew it for 24 months, provided you maintain your investment. If you complete five years with 12 months, 24 months, and 24 months renewal (1+2+2), you become eligible for permanent residence or citizenship.

Arrange your documents before you apply

The required general documents are mentioned below;

• You must have a valid passport
• Official Portugal Visa Application Form
• Two passport-size photographs, which meet the requirements for a Portugal visa photo.
• Evidence that health insurance is appropriate in Portugal.
• Proof of lack of previous criminal record. You need a certificate from any country in which you have lived for more than a year. The certificate has to be issued by the concerned authorities within the last three months and translated into Portuguese. Receipt of payment from ARI portal.
• Affidavit you will maintain your investment for at least five years. Any documents related to your investment, as described in detail below.

How long do you have to stay in Portugal to maintain a Golden Visa?

The Portuguese authorities suggested some changes to the Golden Visa a few days ago, especially real estate. The new rules will restrict investment in urban areas, such as the capital, Lisbon, in an effort to boost investment in more rural and low-density areas. These changes are expected to begin in 2021. However, no decision has yet been made on the cause of the epidemic, as the government does not consider it a priority.

Detailed information for all categories of Golden Visa

1- Investment by purchasing a real state property at least €500,000

Documents and general requirements required for investment options of €500,000 are:

• Passport or any other valid travel document;
• Evidence of entry and legal stay in the National Territory;
• Evidence in which the Applicant is covered by the health care system, namely: – Document proving the Applicant is covered by the National Health Service; or – Document proving the Applicant is the holder of an internationally recognized health insurance for the time period of the legal residence requested or featuring the automatic renewal of the insurance;
• Extract from the criminal record of the country of origin, or of the country (or countries) where the Applicant is living for more than one year; otherwise, a certificate by the Portuguese diplomatic representation or consular mission. It shall be issued up to three months before the submission of all the documentation legally required and translated into Portuguese;
• Supporting evidence of the tax identification number, or equivalent, of the country of origin, residence, or tax residence;
• Filling in the Application Form (standard form) stating the authorization for consultation of the Portuguese Criminal Record;
• Sworn Statement by which the Applicant declares to comply with all the minimum quantitative and time requirements (five years) for the investment activity in the National Territory;
• Evidence of the tax obligations duly filled in by means of submitting the negative debt declaration issued, up to 45 days maximum in advance, by the Tax and Customs Authority and the Social Security or, if not feasible, a declaration stating the non-existence of a record within these entities;
• Payment receipt for analysis of the ARI application.

Documents related to the investment: For investment by means of the acquisition of real estate property of an amount equal to or above 500 thousand euros, the amount of this investment can be reduced to 20% (400 thousand euros) when made in a low-density territory (NUT III level with less than 100 inhabitants per Km2 or PIB per capita less than 75% of the national average). This type of investment can be made individually or through a shareholder limited liability company of which the Applicant is the shareholder. For this type of investment, the investor must prove the ownership of the real estates (or otherwise the pre-contract agreement, with first-hand cash equal to or above 500 thousand euros, 400 thousand in a low-density territory – NUTS III level), as follows:

• To have acquired them in a co-ownership regime, provided the Applicant for the ARI invests an amount equal to or above 500 thousand euros, 400 thousand in a low density territory – NUTS III level);
• To have acquired them through a shareholder limited liability company of which the applicant is the shareholder;
• To have charged them for the part which exceeds the minimum investment amount of 500 thousand euros, 400 thousand in a low-density territory – NUTS III level;
• To have leased or held them for commercial, industrial, agricultural, or tourist purposes;

The Applicant must prove that the investment has been made within the minimum amount required by submitting the following documentation:

• Acquisition deed of the real estate (s) or the pre-contract agreement (with first-hand cash equal to or above 500 thousand euros, 400 thousand in a low-density territory – NUTS III level);
• Declaration of a credit institution authorized or registered in the national territory within Bank of Portugal, attesting the effective international transfer of assets for its acquisition or payment of the first-hand cash stated at the pre-contract agreement of the amount equal to or above 500 thousand euros, 400 thousand euros in a low-density territory – NUTS III level, substantiating the ARI investment;
• Land Register Certificate with the records, endorsements, and registration in force, proving the ownership of the real estates, free from any charges and obligations or the Land Register Certificate in which the caution in the land register is stated, and valid, declared in the pre-contract agreement, where legally possible, with first-hand cash equal to or above 500 thousand euros, 400 thousand in a low-density territory – NUTS III level;
• The legal description of the real estate, where legally possible.  If the acquisition of the real estate is made through a shareholder limited liability company or the latter one is the promising buyer:
• Extract from the register of companies as well, in the case where the investment is made through a shareholder limited company, of which the Applicant is the shareholder, as for in no. 13 of Article 65-A of the Regulatory Decree no. 84/07, of 05/11, as amended.

 2- Investment through property  

If you want to obtain Portugal permanent residency by investing in property, invest in a property in the Portuguese Urban Reconstruction Area with an Investment of €350,000.

• Record, verify and process entry with Land Register Certificate, which confirms ownership of the property.
• The legal description of the property, if applicable.
• Acquisition of property or pre-contract agreement.
• Declaration of an authorized or registered financial institution in Portugal, which proves the effective international transfer of assets.
• The above-mentioned document’s declaration of a competent entity proving that the property is in the area of ​​reclamation

Documents and general requirements:

• Passport or any other valid travel document;
• Evidence of entry and legal stay in the National Territory;
• Evidence in which the Applicant is covered by the health care system, namely: * Document proving the Applicant is covered by the National Health Service; or * Document proving the Applicant is the holder of an internationally recognized health insurance for the time period of the legal residence requested or featuring the automatic renewal of the insurance;
• Extract from the criminal record of the country of origin, or of the country (or countries) where the Applicant is living for more than one year; otherwise, a certificate by the Portuguese diplomatic representation or consular mission. It shall be issued up to three months before the submission of all the documentation legally required and translated into Portuguese;
• • Supporting evidence of the tax identification number, or equivalent, of the country of origin, residence or tax residence;
• Filling in the Application Form (standard form) stating the authorization for consultation of the Portuguese Criminal Record;
• Sworn Statement by which the Applicant declares to comply with all the minimum quantitative and time requirements (five years) for the investment activity in the National Territory;
• Evidence of the tax obligations duly filled in by means of submitting the negative debt the declaration issued, up to 45 days maximum in advance, by the Tax and Customs Authority and the Social Security or, if not feasible, a declaration stating the non-existence of a record within these entities;
• Payment receipt for analysis of the ARI application.

Documents related to the investment: In the acquisition and execution of works of real estates, of the amount equal to or above 350 thousand euros, the construction of the real estate must have been concluded for 30 years, at least; or the real estate has to be located in an urban rehabilitation area (though with less than 30 years). The amount of this investment must be reduced by 20% (280 thousand euros) when in a low-density territory (NUTS III level with less than 100 inhabitants per Km2 or PIB per capita less than 75% of the national average).

The real estate may be acquired in a co-ownership regime, provided the Applicant for the ARI invests an amount equal to or above 350 thousand euros, 280 thousand euros in a low-density territory – NUTS III level, in the acquisition and rehabilitation, as well as through a shareholder limited liability company in which the Applicant is the shareholder. A real estate, or a set of real estates, may be acquired, whose value of the acquisition and rehabilitation is equal to or above 350 thousand euros, 280 thousand euros in a low-density territory – NUTS III level. The Applicant for the ARI may yet charge the real estate acquired, in the part which exceeds the amount of 350 thousand euros, 280 thousand euros in a low-density territory – NUTS III level, as well as lease the real estate or holding it for commercial, industrial, agricultural or tourist purposes. The Applicant must prove that the investment has been made within the minimum amount required by submitting the following documentation:

• Acquisition deed of the real estate (s) or the pre-contract agreement (with first-hand cash equal to or above 350 thousand euros, 280 thousand in a low-density territory – NUTS IIIlevel);
• Declaration of a credit institution authorized or registered in the national territory within Bank of Portugal, attesting the effective international transfer of assets for its acquisition or payment of the first-hand cash stated at the pre-contract agreement of the amount equal to or above 350 thousand euros, 280 thousand euros in a low-density territory – NUTS III level, substantiating the ARI investment;
• Land Register Certificate with the records, endorsements, and registration in force, proving the ownership of the real estates, free from any charges and obligations or the Land Register Certificate in which the caution in the land register is stated, and valid, declared in the pre-contract agreement, where legally possible, with first-hand cash equal to or above 350 thousand euros, 280 thousand in a low-density territory – NUTS III level;
• The legal description of the real estate, where legally possible;
• Extract from the register of companies as well, in the case where the investment is made through a shareholder limited company, of which the Applicant is the shareholder, as for in no. 13 of Article 65-A of the Regulatory Decree no. 84/07, of 05/11, as amended.

Documents related to the rehabilitation of the real estate:

• Prior notification or request for a permit to carry out the urban rehabilitation operation or the contract for the carry out of rehabilitation works on the real estates to be acquired between the legal person duly qualified by Instituto dos Mercados Públicos, Construção e do Imobiliário, I.P. In this case, the applicant shall yet submit the payment receipt of the works contract or deposit in a deposit account, free from any charges or obligations, of which the Applicant is the holdership, the price of the works contract, in a credit institution authorized or registered in the national territory within Bank of Portugal, and for such submit a declaration of the mentioned credit institution attesting the effective transfer of the amount equal to or above the works contract; and
• Supporting evidence of the construction of the real estate (s) for 30 years, at least, in case such information is not stated in the legal description; or
• Declaration of the competent entity attesting the real estate is within a rehabilitation area. In this case, and when the investment amount resulting from the acquisition of the real estate and of the works contract does not make up the investment legal minimum amount, the difference between the acquisition price of the real estate and the minimum investment amount legally required shall be deposited in a credit institution authorized or registered in the national territory within the Bank of Portugal to a deposit account, free from any charges and obligations, of which the Applicant is the holder.

3- Investment for research purpose

You must provide a statement from a financial institute in Portugal confirming the transfer of assets. If you want to invest in research activities, you will also present a declaration from a public or private scientific research institute, proving the investment. Documents and general requirements:

• Passport or any other valid travel document;
• Evidence of entry and legal stay in the National Territory;
• Evidence in which the Applicant is covered by the health care system, namely: – Document proving the Applicant is covered by the National Health Service; or – Document proving the Applicant is the holder of an internationally recognized health insurance for the time period of the legal residence requested or featuring the automatic renewal of the insurance;
• Extract from the criminal record of the country of origin, or of the country (or countries) where the Applicant is living for more than one year; otherwise, a certificate by the Portuguese diplomatic representation or consular mission. It shall be issued up to three months before the submission of all the documentation legally required and translated into Portuguese;
• Supporting evidence of the tax identification number, or equivalent, of the country of origin, residence or tax residence;
• Filling in the Application Form (standard form) stating the authorization for consultation of the Portuguese Criminal Record;
• Sworn Statement by which the Applicant declares to comply with all the minimum quantitative and time requirements (five years) for the investment activity in the National Territory;
• Evidence of the tax obligations duly filled in by means of submitting the negative debt declaration issued, up to 45 days maximum in advance, by the Tax and Customs Authority and the Social Security or, if not feasible, a declaration stating the non-existence of a record within these entities;
• Payment receipt for analysis of the ARI application.

Documents related to the investment: The Applicant must present supporting evidence in which he has made the investment of the minimum amount required, individually or through a shareholder limited liability company of which the Applicant is the shareholder. The following documents must be submitted:

• Declaration of a credit institution authorized or registered in the national territory within Bank of Portugal, attesting the effective transfer of the amount equal to or above the legally required;
• The declaration issued by a public or private scientific research institution involved in the national scientific or technologic system, attesting the effective transfer of capital for research activities on the amount equal to or above 350 thousand euros, 280 thousand euros in a low-density territory – NUTS III level;
• Extract from the register of companies, in the case where the investment is made through a shareholder, limited liability company, of which the Applicant is the shareholder, as for in no. 13 of Article 65-A of the Regulatory Decree no. 84/07, of 05/11, as amended.

4- Investment in arts

The Portuguese government proposed this category to promote their cultural heritage. if you want to invest in arts you must provide a statement issued by the Portuguese Strategy, Planning and Cultural Assessment Office stated that they had consulted with the competent authorities in this area and confirmed your investment in supporting the restoration and restoration of the national cultural heritage. You will also provide a statement from a financial institute in Portugal confirming the transfer of assets. Documents and general requirements:

• Passport or any other valid travel document;
• Evidence of entry and legal stay in the National Territory;
• Evidence in which the Applicant is covered by the health care system, namely: – Document proving the Applicant is covered by the National Health Service; or – Document proving the Applicant is the holder of an internationally recognized health insurance for the time period of the legal residence requested or featuring the automatic renewal of the insurance;
• Extract from the criminal record of the country of origin, or of the country (or countries) where the Applicant is living for more than one year; otherwise, a certificate by the Portuguese diplomatic representation or consular mission. It shall be issued up to three months before the submission of all the documentation legally required and translated into Portuguese;
• Supporting evidence of the tax identification number, or equivalent, of the country of origin, residence or tax residence;
• Filling in the Application Form (standard form) stating the authorization for consultation of the Portuguese Criminal Record;
• Sworn Statement by which the Applicant declares to comply with all the minimum quantitative and time requirements (five years) for the investment activity in the National Territory;
• Evidence of the tax obligations duly filled in by means of submitting the negative debt declaration issued, up to 45 days maximum in advance, by the Tax and Customs Authority and the Social Security or, if not feasible, a declaration stating the non-existence of a record within these entities;
• Payment receipt for analysis of the ARI application.

Documents related to the investment: The Applicant must present supporting evidence in which he has made the investment of the minimum amount required, individually or through a shareholder limited liability company of which the Applicant is the shareholder.  The following documents must be submitted:

• Declaration of a credit institution authorized or registered in the national territory within Bank of Portugal, attesting the effective transfer of the amount equal to or above the legally required;
• Declaration issued by the Strategy, Planning and Cultural Assessment Office, where the culture service with competences in the sector have been consulted, attesting its investment nature or of supporting the arts, restoring and maintenance of the national cultural heritage, under Order no. 2360/2017, of 20 March – Approving the regulation for the issue of the declaration attesting the effective transfer of capital for a residence permit for investment activity in the cultural sector;
• Extract from the register of companies, in the case where the investment is made through a shareholder, limited liability company, of which the Applicant is the shareholder, as for in no. 13 of Article 65-A of the Regulatory Decree no. 84/07, of 05/11, as amended. The amount of this investment may be reduced by 20% (200 thousand euros) when in a low density territory (NUTS III).

5- Provide ten job options

If you want to make a company in Portugal you must provide ten jobs for Portuguese citizens with a Declaration from a financial institution registered in Portugal, confirming the required amount. You must have Individual employment agreements between employer and employee. If you are a shareholder in a company: Remove it from the company register. Documents and general requirements:

• Passport or any other valid travel document;
• Evidence of entry and legal stay in the National Territory;
• Evidence in which the Applicant is covered by the health care system, namely: – Document proving the Applicant is covered by the National Health Service; or – Document proving the Applicant is the holder of an internationally recognized health insurance for the time period of the legal residence requested or featuring the automatic renewal of the insurance;
• Extract from the criminal record of the country of origin, or of the country (or countries) where the Applicant is living for more than one year; otherwise, a certificate by the Portuguese a diplomatic representation or consular mission. It shall be issued up to three months before the submission of all the documentation legally required and translated into Portuguese;
• Supporting evidence of the tax identification number, or equivalent, of the country of origin, residence, or tax residence;
• Filling in the Application Form (standard form) stating the authorization for consultation of the Portuguese Criminal Record;
• Sworn Statement by which the Applicant declares to comply with all the minimum quantitative and time requirements (five years) for the investment activity in the National Territory;
• Evidence of the tax obligations duly filled in by means of submitting the negative debt the declaration issued, up to 45 days maximum in advance, by the Tax and Customs Authority and the Social Security or, if not feasible, a declaration stating the non-existence of a record within these entities;
•  Payment receipt for analysis of the ARI application

Documents related to the investment: The Applicant must present supporting evidence in which he has made the investment of the minimum amount required, individually or through a shareholder limited liability company of which the Applicant is the shareholder. The following documents must be submitted:

• Declaration of a credit institution authorized or registered in the national territory within Bank of Portugal, attesting the effective transfer of the amount equal to or above the legally required;
• Individual contracts of employment between the employer and the employees;
• Extract from the register of companies, in the case where the investment is made through shareholder, limited liability company, of which the Applicant is the shareholder, as for in no. 13 of Article 65-A of the Regulatory Decree no. 84/07, of 05/11, as amended. For investment by means of the creation of, at least, 10 jobs, this requirement may be reduced by 20% (8 jobs) when in a low-density territory (NUTS III level with less than 100 inhabitants per Km2 or PIB per capita less than 75% of the national average).

6- Investment through Money transfer in a bank account

You must provide Declaration from a financial institution registered in Portugal, with proof of submission. The transfer must be free of any charges or obligations. If you want to invest through capital investment you must provide a capital transfer of at least €1 million in a bank account. Documents and general requirements:• Passport or any other valid travel document;

• Evidence of entry and legal stay in the National Territory;
• Evidence in which the Applicant is covered by the health care system, namely: – Document proving the Applicant is covered by the National Health Service; or – Document proving the Applicant is the holder of an internationally recognized health insurance for the time period of the legal residence requested or featuring the automatic renewal of the insurance;
• Extract from the criminal record of the country of origin, or of the country (or countries) where the Applicant is living for more than one year; otherwise, a certificate by the Portuguese a diplomatic representation or consular mission. It shall be issued up to three months before the submission of all the documentation legally required and translated into Portuguese;
• Supporting evidence of the tax identification number, or equivalent, of the country of origin, residence or tax residence;
• Filling in the Application Form (standard form) stating the authorization for consultation of the Portuguese Criminal Record;
• Sworn Statement by which the Applicant declares to comply with all the minimum quantitative and time requirements (five years) for the investment activity in the National Territory;
• Evidence of the tax obligations duly filled in by means of submitting the negative debt the declaration issued, up to 45 days maximum in advance, by the Tax and Customs Authority and the Social Security or, if not feasible, a declaration stating the non-existence of a record within these entities; • Payment receipt for analysis of the ARI application.

Documents related to the investment: For investment through the capital transfer of an amount equal to or above 1 million euros Applicant must prove the investment on the amount required, individually or through a shareholder limited liability company of which the Applicant is the shareholder, by submitting the evidence of an international and effective transfer, according to the type of investment:

• Declaration of a credit institution authorized or registered in the national territory within Bank of Portugal, attesting the holdership, free from any charges and obligations, of deposit accounts with a balance equal or above 1 million euros, resulting from an international and effective transfer, or of a quota of the same amount when joint accounts are at stake; or
•  In the case of acquisition of public debt instruments from the Portuguese State, in particular, Government bonds, savings certificates or treasury bills, supporting document proving the holdership, free from charges and obligations, issued by the Treasury and Debt Management Agency – IGCP, E.P.E., of instruments of the amount equal or above one million euros; or
• In the case of acquisition of transferable securities, a certificate attesting the Applicant’s holdership, free from any charges and obligations, issued by the respective registering entity according to and for the purposes of n.ºs 1 and 2 of Article 78 of the Portuguese Securities Market Code; or
•  In the case of acquisition of bearer securities, placed within the depositary under Article 99 of the Portuguese Securities Market Code, a certificate attesting the Applicant’s holdership, free from any charges and obligations, issued by the depositary; or
•  In the case of acquisition of nominative securities not included in a centralized system, a certificate attesting the Applicant’s holdership, free from any charges and obligations, issued by the issuer; or
•  In the case of acquisition of nominative securities included in a centralized system, a certificate attesting the Applicant’s holdership, free from any charges and obligations, issued by the financial intermediary within which the respective integrated account in the centralized system is open; or
•  In the case of acquisition of social participation not included in previous cases, an extract from the register of companies attesting the holding of the participation, and the contract by means of which the acquisition took place, with the amount stated;
• An extract from the register of companies as well, in the case, the investment is done through a shareholder limited liability company, stating the Applicant to be the shareholder, as for in n.º 13 of Article 65-A of the Regulatory Decree n.º 84/07, of 05/11, as amended

7- Family Reunification

The application for Family Reunification may be submitted simultaneously with the application for the ARI of the family member/investor, however always subject to the approval of the latter. The family members are:

• The spouse;
• The minors or incapable children into the care of one of the spouses;
• The minors adopted by the unmarried sponsor, by the sponsor or his/her spouse in accordance with a decision taken by the competent authority in the Member State concerned, provided the law of that Member State recognizes the adopted ones identical rights and duties to those of natural affiliation and that the decision be recognized by the Portuguese law;
• The adult unmarried children, into the care of one of the spouses, and are attending an educational establishment, regardless of the country they are in;
• The first-degree relatives in the direct ascending line of the sponsor or his or her spouse, where they are into their care;
• The minor brothers, provided they are into the care of the resident, according to the decision delivered by the competent authority of the Member States and provided that decision is recognized by the Portuguese law.