About Portugal
Portugal earns splendid importance and is recognized as one of the world’s most globalized and peaceful nations, it has a very high Human Development Index ranking and Quality Life Style. Among the nations in Europe with a rich history, lively culture, exceptional cuisine, stunning beaches, and idyllic countryside.
Portugal started its Golden Visa scheme in 2012 for other Country nationals as a temporary residence permit in order to perform business activities with visa waiver option across schengen Countries. It is the most popular European property investment scheme with minimum residency requirement.
Portuguese passport is ranked 6th among the best passports in the world with visa free travel to 185 countries. It gives right to live and work in 26 member states of EU including Switzerland and United Kingdom.
Portugal Golden Visa – Invest in Portugal and Get the Residence Permit
The scheme facilitates the to obtain the residency permits in return of qualifying investment. Since its launch, The Golden Visa Program has been a great success benefiting 9,389 investors and 16050 family members from the program.
The Portugal Golden Visa Program is available to those who have made an investment, Like purchasing real estate or Creating Employment opportunities along with Capital investment. A minimum investment of €350,000- €500,000- in real estate in Portugal will gain a residency permit for Investors.
Real Estate Investment
- A Property purchase with a value of EUR 500,000*
- A Property purchase with a minimum value of EUR 350,000 for the refurbishment of properties
- Property investment in rural areas will ensure a 20% discount offered by Govt reduces the minimum Investment Amount EUR 280,000
- Commercial investments in hotels like A Purchase of Hotel shares from the Developer valuing EUR 280,000
Investment Programs
- For Business required a Capital Transfer of value equal to or above €1,000,000 Euros
- Capital transfer for Research Investment value equal to or above €350,000 Euros.
- A Capital Investment equal to or above €250,000 Euros for investing in Art and Culture activities.
- Purchasing shares in investment funds a Capital transfer with a value equal to or above €1,000,000 Euros is required.
Validity of Residence
The Portugal Golden Visa program does not require to live or stay in Portugal, except only required stay in Portugal is 7 days on the first year and 14 days over the subsequent periods of 2 years.
The Validity of a Golden Visa is one year, One can continue to renew it for two years provided that you have maintained your investment. After Five Year (1+2+2) you may eligible for Permanent Residency. Permanent Residency permits are available to investors who wish to continue living indefinitely in Portugal, those who don’t plan can continue extending their temporary Residence Permits.
Real Estate Changes
- Investor will not qualify for a Golden Visa if you purchase property in metropolitan areas such as Lisbon, Porto, and the Algarve or coastal cities LikeSetubal and the Silver Coast.
- Investors can only buy Property in designated interior areas of Portugal worth at least €500,000 or €350,000. If the property is located in a designated low-density area, then a 20% discount appliesas the government is hoping to increase foreign investment in low-density areas of the country.
- Investors can buy residential and commercial real estate anywhere in Portugal’s autonomous islands of Madeira and Azores, worth at least €500,000 or €350,000
- From January 2022 the Capital transfer amount requirement will increase from €1 million to €1,5 million.
Capital Transfers Changes
- There is an increase in Capital transfer amount from €1 million to €1,5 million.
- Investment Fund minimum subscription requirement will increase from €350,000 to €500,000
- Investment in scientific research will increase from €350,000 to €500,000
- Investment into an existing business will increase from €350,000 to €500,000
- Arts donation of €250,000 will stay the same.
Updates & New Rules
Following are the Golden Visa changes applicable from January 2022
Contact Advisor
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Disclaimer
• This is an unofficial internet site that is not associated with or endorsed by any government or official source. This section's content is provided for informational purposes only and is not guaranteed to be complete or up-to-date.
• As we consider ourselves a platform to link Residency applicants and Attorneys, the content of this website does not constitute an offer, advice, or claim regarding any investment products or Visa Services. As such, we disclaim any warranties and representation.
• In addition, we are not agents. As an internet website is not designed to create a direct attorney-client relationship between you and any Consultant firm, you should not act or rely on any information provided on this website without seeking the opinion of an attorney or certified Consultant.
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• The information should not be used to make a decision about a specific course of action for any purpose also it should also not be construed as legal advice or a substitute for comprehensive assistance in individual cases and actions.
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