PORTUGAL GOLDEN VISA CHANGES 2021

The long-awaited legislative amendment was published today, which proceeds to a profound revision of the legal regime applicable to residence permits for investment (ARI or ”Gold Visa”) granted by the Portuguese Government.

Therefore, as of 1 January 2022 the following investments will be considered eligible for a ”gold visa”:

INVESTMENT FUNDS

Capital transfers in an amount equal to or greater than 500,000,00 €, destined for the acquisition of participation units in investment funds or venture capital funds focused on corporate capitalisation, which are incorporated under Portuguese law, have a maturity, at the time of the investment, of at least five years and at least 60% of the value of the investment is made in commercial companies based in national territory;

REAL ESTATE

The acquisition of real estate for residential purposes :

1) 500.000,00 € any property located in inland territories situated in the Region of Azores and Madeira and on Map 1;

2) 350,000.00 € in the case of real estate located in inland territories situated in the Autonomous Region of the Azores and Madeira and on Map 1, whose construction has been completed at least 30 years ago or located in an area of urban rehabilitation and rehabilitation works of the acquired real estate;

– Acquisition of non-residential real estate:

1) 500,000.00 € in all Portuguese territory;

2) 400,000.00 € located in inland territories located on areas considered low populational density areas according to Map 2.

3) 350,000.00 € in the case of real estate whose construction has been concluded at least 30 years ago or located in an area of urban rehabilitation and rehabilitation works of the acquired real estate, according to Map 1.

4) 280,000.00 € located in inland territories situated in the map below and in the Autonomous Region of the Azores and Madeira, according to Map 1 and Map 2

BANK DEPOSITS

– Bank deposit now has a minimum value of 1,500,000 €.

INCORPORATION OR CAPITAL REINFORCEMENT OF A COMPANY

– Incorporation or reinforcement of company capital in the amount of 500.000,00 € and creation of 5 permanent jobs.

Applications based on the current regime, which will remain in force until 31 December 2021, and the respective family reunification applications are safeguarded.

Contact Magwind for further information.

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