Portuguese National

Intl. Investor

Intl. Investor + GV

1Legal Representation

-

2Portuguese Tax No.

3Bank Account

4Fund Subscription

PROCESS

Onboarding

Our aim is to make your on-boarding experience as straightforward as possible. We have developed a step by step guide to assist our clients with the process and requirements for joining the EQTY Fund.

Whether you are Portuguese National or International Investor, we provide you with all the information you need about the process, documentation requirements and the time to complete each step.

Onboarding process

Onboarding

Legal Representation

At EQTY we have partnered with Portugal’s leading law firms to advise and support our clients with all their legal investment on-boarding and Golden Visa requirements.

The services offered by these law firms for Investors includes:

  • Obtaining Portuguese Tax Numbers
  • Setting up Portuguese Bank Accounts;
  • Facilitating the EQTY fund subscription process; and
  • For Golden Visa applicants, assistance and facilitation of all application requirements and procedures including engagement and assistance with the Foreign and Borders Office (SEF) at each stage of the process.

Documentation Requirements

Procedures and documentation requirements for on-boarding a client to their firm may vary depending on the law firm selected, however, the standard list of documents is listed here:

  1. Certified copy of passport
  2. Certified copy of Proof of Address issued in the past 3 months
  3. Proof of Employment
  4. Curriculum Vitae
  5. Bank Reference Letter / Statements issued in the last 3 months
  6. Proof of Source of Funds / Wealth
  7. Last annual income tax return

On average, once a law firm has received all relevant documentation from the client, it takes 2 – 3 working days to complete this step.

Onboarding

Portuguese Bank Account and Tax Number

International and Golden Visa Programme Investors are required to obtain a Portuguese Tax Number and local Bank Account prior to investing in Portugal or initiating the Golden Visa process.

Your legal representative will assist with this process or appoint a Portuguese Tax Representative on your behalf. The process and service includes obtaining a Portuguese Tax Certificate and filing all tax declarations a client is obligated to present under Portuguese Law.

Once a client has a tax number, the appointed Law Firm can assist investors with opening a Portuguese Bank Account.

Documentation Requirements

  1. Original signed Bank Account Opening Forms (or via POA from your Legal Representative)
  2. Certified copy of passport
  3. Portuguese Tax Number
  4. Country of Origin Tax Number / ID
  5. Certified copy of Proof of Address issued in the past 3 months
  6. Proof of Employment
  7. Proof of Source of Funds / Wealth

Onboarding

EQTY Fund Subscription

Once the Fund Subscription Forms have been completed and the relevant documentation submitted, a KYC review will be conducted prior to acceptance into the EQTY fund. On acceptance into the EQTY fund, the client is required to transfer the Investment Funds from their personal Portuguese Bank Account to the EQTY Fund account.

Documentation Requirements

  1. Original signed Fund Subscription Form
  2. Certified copy of passport
  3. Certified Portuguese Tax Number
  4. Last annual income tax return
  5. Certified copy of Proof of Address issued in the past 3 months
  6. Proof of Employment
  7. Proof of Source of Funds / Wealth
  8. Investor Identification Form

Documents provided to Client for GV process

  1. Bank Declaration Form (Issued by the Client’s Bank)
  2. Fund Investment Certificate (Issued by EQTY)

The process for setting up a Bank Account, obtaining a Portuguese Tax Number and subscribing to the Fund takes approximately 2 – 4 weeks from receipt of all required documentation.

Onboarding

Golden Visa Application

Investing €350,000 or more into the EQTY Fund makes an individual eligible to apply to the Portuguese Golden Visa Programme. Our partner Law Firms can guide and support our clients through this process.

The services offered by these law firms for Golden Visa Applicants includes:

  • Completion of investment process into the EQTY fund
  • Obtaining documentation for the Investor Temporary Residency Permit
  • Submission for Approval to the Portuguese Immigration Authorities
  • Facilitation and scheduling of Biometric Data appointments in Portugal
  • Obtaining approval of the Golden Visa application
  • Facilitation and payment of the fees payable to the Portuguese Government and issuance of Portuguese Residency Cards
  • Collection of the Portuguese Residency Cards on behalf of the client
  • Facilitation and support with the Residency renewal process
  • Facilitation and support with the Citizenship process

Documentation Requirements

  1. Certified copy of passport
  2. Certified Portuguese Tax Number
  3. Certified copy of Proof of Address issued in the past 3 months
  4. Apostilled criminal record
  5. Country of Origin Tax Number / ID
  6. Bank Declaration Form
  7. Fund Investment Certificate
  8. Documentation for Dependants:
    • Apostilled Birth Certificate
    • Apostilled Marriage Certificate
    • Additional evidence of family dependency legalised by the Portuguese Embassy where issued
    • Certified signed Terms of Responsibility by Investor

The process for obtaining a GV can be broken up into 2 key stages.

  1. Once all relevant documentation is obtained from the client, the SEF analysis and approval to proceed takes approximately 10 – 14 weeks.
  2. Scheduling of the SEF (and biometric) appointments may take between 3 – 6 months.

Would you like to know more?

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