Portugal Visa for Investment (Golden Visa)

What it is:
  • Residency visas for citizens of non-EU countries that make suitable investments in Portugal. Since its start, more than 5,000 visas were granted to investors and 8.000 visas to the investor’s family members.
Validity:
  • Initial – valid for 1 year. A minimum period of stay is 7 days.
  • Renewal – valid for 2 years. A minimum period of stay is 14 days.
Benefits:
  • Visa exemption within the EU Schengen Area and no visa requirement on trips to more than 170 countries worldwide;
  • Shallow minimum mandatory stay period in Portugal;
  • Family members can obtain a family visa;
  • Possibility of obtaining Permanent Residency Permit after 5 years;
  • Possibility of obtaining Portuguese Nationality after 6 years of Permanent Residency Permit;
  • Using Portugal as an investment platform of investment and favourable tax regimes.
Who can apply:
  • Citizen of non-EU countries, directly or through a company where he is the sole owner incorporated in Portugal or anywhere in the EU;
  • The family members of the investor.
Timeline:
  • Decision is made in 60 days following application.
Investments in:
  • Acquisition of real estateproperties worth €500,000 or more (can be in co-ownership);
  • Acquisition and rehabilitation of Real Estate with more than 30 years (€350,000) (can be in co-ownership) ;
  • Capital Investments – Transfer of
  • €1 million or more to a Portuguese banking institution
  • €1 million or more for the acquisition of companies share capital;
  • €350,000 for scientific research activities performed by public or private scientific research institutions integrated within the National Scientific and Technological System;
  • €350,000 for artistic production or conservation of cultural heritage.
  • Financial Assets – Transfer of €350,000 for investment in Venture Capital or Investment Funds established in Portugal for the capitalization of companies, being 60% of them Portuguese companies;
  • Job creation:
  • 10 jobs;
  • Establishing or acquiring a company incorporated in Portugal with a minimum of 5 jobs created.
Minimum investment
  • The minimum investment amounts may be reduced by 20% if the investments are made in certain low-density territories (NUTS).
    Same reduction mentioned in the previous footnote.

BN LAWYERS joins NEXTLAW Global Referral Network

Will connect clients to top tier legal talent around the world.
More information here.