Business & Economy
Portugal Golden Visa: How to Apply?
Portugal’s Golden Visa, introduced in 2012, is an investment program aimed at attracting foreign investors.
This visa is the best offer for foreigners as it gives them the best way to obtain residency in Portugal and if they fully comply with the country’s laws, they can be granted permanent residency and eventually citizenship.
Portugal visa also provides attractive facilities for applicants and their family members and they can also apply for citizenship after five year.
The above article describes in detail the procedure for obtaining a Portugal Golden Visa, including the applicant’s eligibility to file the application process.
Family Qualifications
The applicant can apply with his wife, children, parents and minor siblings, who will have the right to live, work and study in Portugal.
Employment rights
One of the best benefits of the visa is that golden visa holders and their family members have full rights to work in Portugal and have the same employment rights as ordinary citizens.
Application process
Choose Investment: This visa offers various options such as purchasing property, transferring capital, creating job opportunities, or investing in research, culture, or venture capital.
Collect documents: Prepare your necessary documents including passport, proof of investment, criminal record and Portuguese tax identification numbers.
Bank account and investments: Open a bank account in Portugal to transfer investment funds, transfer your funds here and keep all relevant documents.
Application with Documents: Apply online through SEF and provide all necessary details and documents.
Biometrics Appointment: Get an appointment for your fingerprints and photographs at the SEF office.
Receive Residence Cards: After your application is approved, you will be provided with residence cards valid for two years.
Renewal and citizenship: Renew your visa every two years, after five years you can apply for permanent residence or citizenship.
X, the social media platform previously known as Twitter, has unveiled plans to launch a new payment system, “X Money,” set to debut in 2025.
This initiative marks a significant step in the platform’s evolution into a broader all-encompassing “everything app,” reflecting its commitment to integrating diverse services into a single ecosystem.
Under the leadership of Elon Musk, X has been undergoing a series of transformative changes since its rebranding.
The introduction of X Money represents a move to expand beyond social networking, leveraging the platform’s vast user base to create a unified digital space where social, financial, and other services converge.
While details about X Money remain under wraps, the system is expected to allow users to make peer-to-peer payments, conduct online transactions, and facilitate business payments seamlessly within the app.
The initiative aligns with Musk’s vision to turn X into a multi-functional application akin to China’s WeChat, which combines messaging, social media, and payment services.
The development of X Money also suggests potential integrations with cryptocurrencies, given Musk’s longstanding interest in digital currencies like Bitcoin and Dogecoin. However, whether the platform will incorporate such features remains to be confirmed.
The launch of X Money could significantly alter the competitive landscape for digital payment systems, positioning X as a direct competitor to established platforms like PayPal, Venmo, and Cash App.
By embedding financial services into its social media platform, X aims to provide users with a more holistic experience, potentially increasing user engagement and retention.
Set for release in 2025, X Money is currently in development, with more updates expected as the launch date approaches. The company is anticipated to roll out the service in phases, possibly starting with a pilot program in select markets before expanding globally.
With the introduction of X Money, X is taking a bold step into the financial technology space, signaling a new era for the platform as it aims to redefine how people interact and transact in the digital world.