October 2023 latest changes

The new law came into effect on Saturday, October 7, 2023 and real estate investments are no longer accepted as a qualifying investment for the Portugal Golden Visa. However, the good news is that there are several alternative ways of applying for the Golden Visa program.

What is the Portugal Golden Visa?

The Golden Visa program in Portugal, also known as the Residence Permit Program, is an investment immigration program that grants residency and citizenship rights to foreign investors who make a significant economic contribution to the country. It was introduced in 2012 to attract foreign investment and stimulate the Portuguese economy.The Golden Visa program in Portugal provides an expedited pathway for individuals to obtain Portuguese citizenship by investment, thereby granting them a Portuguese passport. With this passport, individuals gain the freedom to live and work in any European Union country. 

Who is eligible for the Golden Visa?

All non-EU citizens who conduct an investment activity, as an individual business person or through a company set up in Portugal or in another EU Member State may apply for a Residence Permit for Investment. Portuguese, EU and EEE nationals are not eligible for the ARI / Golden Visa scheme. 

New investment opportunities are available:

1. Investment funds

Contribution of €500,000 or higher, for the acquisition of units of investment funds or venture capital fund of funds under the Portuguese legislation, whose maturity, at the moment of the investment, is, at least, of five years and, at least, 60% of the investments is realized in commercial companies with head office in national territory.

2. Business Investment

A minimum investment of €500,000 for the constitution of a company in Portugal, combined with the creation of five permanent working jobs, or for the reinforcement of the share capital of a company already existing in Portugal, with the creation or keeping of a minimum of five permanent jobs, and for a minimum period of three years. If the investment is located in a ‘low-density’ area, then a 20 percent discount applies.

3. Job Creation

Incorporating a company and creation of at least, ten jobs positions. If the investment is located in a designated ‘low-density’ area, then a 20 percent discount applies

Portuguese Golden Visa benefits

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