Portuguese Golden Visa
The Golden Visa programme, launched by the Portuguese Government, is a fast track for investors to obtain a valid residency permit in Portugal and consequently free access to the vast majority of European countries.
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The scheme provides the option to acquire Portuguese nationality and, therefore, an EU Passport, in six years.
It is designed for non-European Union citizens undertaking an investment activity either as individuals or through a company established in Portugal. Once issued, the Golden Visa will be valid for an initial period of one year and then will be renewed for subsequent periods of two years.
These individuals can apply for a Residence Permit for Investment, by fulfilling one of the routes detailed below:
Capital transfer to Portugal of a minimum €1 million
The creation of a minimum of 10 jobs
The purchase of real estate property with a minimum value of €500,000
The purchase of real estate property, built at least 30 years ago or located in an urban regeneration area, for refurbishment purposes, with a minimum value of €350,000
Investment of a minimum €350,000 in research undertaken by public or private scientific research institutions involved in national scientific or technological research
Investment of a minimum €250,000 in artistic creation or supporting the arts, reconstructing or maintaining the national heritage and culture
Investment of a minimum €500,000 in shares placed in investment funds or in venture capital, geared to capitalise small and medium companies in Portugal which must have a viable capitalisation plan in place.
To read more click here.
To discuss the Portuguese Golden Visa programme please contact our managing director in Portugal, Paulo Refega at Paulo.refega@ils-world.com
