Portugal Golden Visa Program – official government announcement about the changes coming to effect only in January 2022

The Portuguese government has extended the deadline of amendments, that were supposed to happen in July 2021, regarding the changes to the qualifying criteria for the golden visa scheme, to 1 January 2022.

These are great news for investors, that means you have time until the end of 2021 to submit your Golden Visa applications, any applications done after this date will be subject to the new laws that will take effect from January 1st 2022.

One of the amendments that the Decree-law 14/2021 of 12th of February implements is regarding to the minimum amounts of investment for the Golden Visa program in the following options:

Capital transfer (that enables the Investor to deposit an amount in a bank account or to set up a sole shareholder company with a minimum amount as share capital) which was previously in the amount of at least 1.000.000,00€, is now in the minimum amount of 1,500.000,00€;

Capital transfer for investing in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system, which was previously in the amount of at least 350.000,00€, is now in the minimum amount of 500.000,00€;

Capital transfer for the acquisition of units of investment funds or venture capital fund (of funds dedicated to the capitalization of companies, with a capital injected whose maturity is in the minimum of five years and at least 60% of the investments is realized in companies with head office in Portugal), which was previously in the amount of at least 350.000,00€, is now the minimum amount of 500.000,00€;

Capital transfer for setting up a company with head office in Portugal and creating five working jobs or increasing the share capital of an already existing company with head office in national territory and creating or maintaining five working jobs for a minimum period of three years, which was previously in the amount of at least 350.000,00€, is now in the minimum amount of 500.000,00€.

Real Estate Investments:

As of January 1, 2022, it will only be possible to obtain a Golden Visa based on real estate for residential purposes if this investment is carried out in the so-called Inland Territories of mainland Portugal and in the Azores and Madeira regions.

Real estate purchase from 01/01/2022

Non-residential properties:

General rule: €500,000

Low-density territories: €400,000

Residential properties:

Only possible in the Inland Territories, Azores, and Madeira: €500,000

Purchase of real estate plus carrying out of rehabilitation works from 01/01/2022

Non-residential properties:

General rule: €350,000

Low-density territories: €280,000

Residential properties:

Only possible in the Inland Territories, Azores, and Madeira: €350,000

Investors currently have time till January 2022 to invest in Capital City Lisbon, invest in low-density areas of the country only 280,000 Euros and get EU residency for the whole family.

Use maybe your last chance to become an EU Citizen!

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To find out more, please contact us:

E-Mail: renata@drpadvisers.com

Phone: +44 7393 026055

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