The MICS legal team will apply to get the applicant’s NIF (an individual tax identification number in Portugal) and opening a Portuguese bank account and the applicant must transfer the minimum investment amount to his/her bank account.

Once all documents are collected, the payment of the analysis fee must be paid to the government and then the investment will be transferred to the project account. This is when the complete application will be submitted online to SEF and MICS second professional fee will be due.

The client and dependent family members need to travel to Portugal for in-person biometric collection and original documents submission. This is when the approval fee must be paid to SEF.

Depending on the country of residence, the clients may need visitor visas to enter Portugal and MICS will provide required documents to support this request at the pertinent Portuguese embassy.

Temporary Residential cards will be issued within 20 working days after completion of the final approval is received.

Once the cards are issued, they can be collected in one of the MICS offices, or they can be delivered to the applicants by registered mail. This is when the payment of MICS professional fee balance will be due.