Golden Visa Program Portugal
The Portugal Golden Visa program, also known as the residence permit for investment activity, is a residency by investment scheme designed for non-EU citizens. It is the fastest program to obtain an EU residence permit through investment activity in Europe and the only path to citizenship with no residency.
The Golden Visa was introduced in Portugal in 2012 and has become very popular with applicants from all over the world. In the past eleven years, the Golden Visa in Portugal has been granted to more than 10,000 applicants and more than 20,000 family members, while the total value of investments exceeds EUR 6 billion.
How to obtain a Portugal Golden Visa in 2023?
To obtain the Golden Visa in Portugal, you must make a qualifying investment and keep it for five years. To apply for a Portugal Golden Visa, it is advised to consult with a Portuguese lawyer or Golden Visa Consultant, who will explain the whole procedure step by step and help you to choose the best investment.
Investing in Non-Real Estate Funds: Golden Visa candidates may choose to make capital transfers amounting to €500,000 or more, with the objective of acquiring participation units in investment funds (non-real estate collective investment entities) or venture capital funds. These funds should primarily focus on capitalizing companies incorporated under Portuguese legislation. Additionally, these investments must have a minimum maturity period of five years, and at least 60% of the investment value should be directed toward commercial companies based in Portugal. CHECK FUNDS.
Incorporating or Expanding Commercial Companies: Another viable avenue is to make capital transfers equal to or exceeding €500,000 for the incorporation of a commercial company with its headquarters in Portugal. This should be combined with the creation of at least five permanent jobs in such company. Alternatively, investors can opt to increase the share capital of an existing commercial company headquartered in Portugal in the amount of €500,000, with the condition of generating five permanent jobs or maintaining ten jobs for a minimum period of three years, five of them need to be permanent.
Capital Transfer for Research Activities: Another option is to transfer a substantial capital amount, equal to or exceeding €500,000, to support research activities conducted by public or private scientific institutions that are part of Portugal's national scientific and technological system.
Supporting Cultural Heritage: Golden Visa applicants can also opt for capital transfers of €200,000 or more, specifically earmarked to support investments in artistic production, the restoration and maintenance of national cultural heritage. This can be achieved through various entities, including public institutes, central or peripheral direct administration services, public business sector entities, public foundations, private foundations with public utility status, inter-municipal entities, local business sector entities, municipal associative entities, and public cultural associations. These organizations typically engage in projects related to artistic production or the preservation of Portugal's rich cultural heritage.
Job Creation. Creation of a minimum of 10 new full-time jobs in a Portuguese business that is owned by yourself as the main applicant.
Our team at DRP Advisers is geared up to support you every step of the way, ensuring that the process remains as seamless as possible. So, if you've ever contemplated making a move, the moment is now.
Don't hesitate to get in touch with us for further details, insights, or clarifications. We're here to assist.