Holders of a Golden Visa essentially have a Portugal residence permit which allows them access to the Europe Schengen area.
Without the need of any additional visa and can enjoy long term residency in Portugal.
To apply for a Golden Visa, there needs to be proof that the applicant has made a purchase of ANY type of real estate in Portugal of at least €500,000.
The Golden Visa is originally issued for one year and then renewed for successive periods of two years.
Providing that the requirements of the investment activity as well as the following minimum stay periods in Portugal are maintained.