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 Golden Visa PortugalIMMIGRATION PORTUGUESE GOLDEN VISA : WHAT NOW?Request the Portuguese nationality, by naturalization, after 5 years of Golden Visa, fulfilling the other requirements defined by the Nationality Law. 2. WHAT ARE THE INVESTMENT OPTIONS There are currently 8 alternative investment options in the Law: i) Capital transfer in the amount 1,000,000.00; a. A simple bank deposit, or b. Acquisition of public debt instruments of the Portuguese State, or c. Acquisition of securities, or d. Acquisition of company's shares. ii) Creation of at least 10 job positions; iii) Acquisition of real estate with a value 500,000.00; iv) Acquisition of real estate at least 30 years old or located in an urban rehabilitation area and carrying out rehabilitation works, in the global amount 350,000.00; v) Transfer of capital in the amount 350,000.00, for scientific and technological research activities; vi) Transfer of capital in the amount 250,000.00, for investment or support to artistic production, recovery or maintenance of the national cultural heritage; vii) Capital transfer in the amount 350,000.00, intended for the acquisition of investment units in investment funds or Portuguese venture capital funds, aimed at the capitalization of companies; viii) Transfer of capital in the amount 350,000.00, destined to the constitution or to reinforce the capital of a commercial company with headquarters in national territory, with the creation of 5 permanent jobs. The amount or minimum quantitative requirement of the investment activities provided for in points ii) to vi) may be 20% lower, when the activities are carried out in low density territories, that is, with less than 100 inhabitants per km2 or an internal product (GDP) per capita below 75% of the national average. 3. HAS THE GOLDEN VISA LEGAL REGIME CHANGED? The law that regulates the Golden Visa regime is the Law No. 23/2007, of the 4th of July, which regulates the entry, stay, departure and removal of foreigners from national territory, in which this regime became part of following the changes introduced by the Law No. 29/2012, of 9 August. The Golden Visa regime, in particular, was subsequently subject to changes in 2015, 2017 and 2018, accompanied by the respective updates to the respective Regulatory Decree No. 84/2007, of 05 November. Up to the present date (February 2020), no further changes have been made, being the regime in force and without limitations, although on February 6 it was approved, in discussion of the State Budget Bill for 2020 a legislative authorization that grants the Government with the power to legislate directly on the Golden Visa regime and to limit the eligibility of real estate investments according to their geographic location. This means that changes to the Golden Visa regime may be introduced in the future. 4. WHAT IS A LEGISLATIVE AUTHORIZATION? A Legislative Authorization is a mere authorization given to the Government, at its request (through a proposal) to legislate on matters that fall within the competence of the Parliament. The legislative authorization must define the object, the meaning, the extent and its duration. If the Government does not use the legislative authorization, after the end of the period granted, this authorization expires and cannot be used to the extent that the power attributed to the Government to legislate is extinguished, unless its renewal is requested. In other words, a Legislative Authorization does not change, by itself, or immediately, a law or regulation in force. It needs to be implemented through a law, to be presented by the Government, discussed and published, following a normal legislative procedure. 5. WHAT IS THE PURPOSE, MEANING, EXTENT AND DURATION OF THE LEGISLATIVE AUTHORIZATION APPROVED IN FEBRUARY? The content of the legislative authorization is as follows: 1. The Government is authorized to review the regime of residence permits for investment, (..), changing, for future concession applications, its scope. 2. The purpose and extent of the legislative authorization provided for in the preceding paragraph is to favor the promotion of investment in low-density regions, as well as investment in urban requalification, in cultural heritage, in activities of high environmental or social value, in investment productive and job creation: a) Restricting the investments provided for in subparagraphs iii) acquisition of properties for 500 thousand euros and iv) acquisition of properties and their rehabilitation for 350 thousand euros to the territory of the CIM's of the interior and the Autonomous Regions of Madeira and the Azores ; b) Increasing the minimum value of investments and the number of jobs to be created ; 3. The provisions of the preceding paragraph shall not prejudice: a) the possibility of renewing residence permits granted under the current regime; nor b) the possibility of granting or renewing residence permits for family reunification , when the investment residence permit has been granted under the current regime. 4. The present legislative authorization has the duration of the economic year referred to in this law. 6. WHAT CAN THIS LEGISLATIVE AUTHORIZATION MEAN? Legislative authorization appears to be granted with: Purposes: Maintain in force all investment options currently foreseen, updating the minimum investment values; Limit the eligibility of investments in real estate according to their geographical location in certain areas of the interior of the Portuguese territory; Extend the regime to investments in activities of high environmental or social IMMIGRATION | PORTUGUESE GOLDEN VISA : WHAT NOW? value, which may give rise to the already discussed Green Visa. Safeguards: The maintenance of the rights acquired by the ARI holders under the regime currently in force - namely renewal and family reunification, even after the entry into force of any changes to the regime; The inapplicability of any changes to concession applications that are submitted to the Immigration Services before the entry into force of any law that may change the regime. ... BACK |
Golden Visa PortugalIMMIGRATION PORTUGUESE GOLDEN VISA : WHAT NOW?Request the Portuguese nationality, by naturalization, after 5 years of Golden Visa, fulfilling the other requirements defined by the Nationality Law. 2. WHAT ARE THE INVESTMENT OPTIONS There are currently 8 alternative investment options in the Law: i) Capital transfer in the amount 1,000,000.00; a. A simple bank deposit, or b. Acquisition of public debt instruments of the Portuguese State, or c. Acquisition of securities, or d. Acquisition of company's shares. ii) Creation of at least 10 job positions; iii) Acquisition of real estate with a value 500,000.00; iv) Acquisition of real estate at least 30 years old or located in an urban rehabilitation area and carrying out rehabilitation works, in the global amount 350,000.00; v) Transfer of capital in the amount 350,000.00, for scientific and technological research activities; vi) Transfer of capital in the amount 250,000.00, for investment or support to artistic production, recovery or maintenance of the national cultural heritage; vii) Capital transfer in the amount 350,000.00, intended for the acquisition of investment units in investment funds or Portuguese venture capital funds, aimed at the capitalization of companies; viii) Transfer of capital in the amount 350,000.00, destined to the constitution or to reinforce the capital of a commercial company with headquarters in national territory, with the creation of 5 permanent jobs. The amount or minimum quantitative requirement of the investment activities provided for in points ii) to vi) may be 20% lower, when the activities are carried out in low density territories, that is, with less than 100 inhabitants per km2 or an internal product (GDP) per capita below 75% of the national average. 3. HAS THE GOLDEN VISA LEGAL REGIME CHANGED? The law that regulates the Golden Visa regime is the Law No. 23/2007, of the 4th of July, which regulates the entry, stay, departure and removal of foreigners from national territory, in which this regime became part of following the changes introduced by the Law No. 29/2012, of 9 August. The Golden Visa regime, in particular, was subsequently subject to changes in 2015, 2017 and 2018, accompanied by the respective updates to the respective Regulatory Decree No. 84/2007, of 05 November. Up to the present date (February 2020), no further changes have been made, being the regime in force and without limitations, although on February 6 it was approved, in discussion of the State Budget Bill for 2020 a legislative authorization that grants the Government with the power to legislate directly on the Golden Visa regime and to limit the eligibility of real estate investments according to their geographic location. This means that changes to the Golden Visa regime may be introduced in the future. 4. WHAT IS A LEGISLATIVE AUTHORIZATION? A Legislative Authorization is a mere authorization given to the Government, at its request (through a proposal) to legislate on matters that fall within the competence of the Parliament. The legislative authorization must define the object, the meaning, the extent and its duration. If the Government does not use the legislative authorization, after the end of the period granted, this authorization expires and cannot be used to the extent that the power attributed to the Government to legislate is extinguished, unless its renewal is requested. In other words, a Legislative Authorization does not change, by itself, or immediately, a law or regulation in force. It needs to be implemented through a law, to be presented by the Government, discussed and published, following a normal legislative procedure. 5. WHAT IS THE PURPOSE, MEANING, EXTENT AND DURATION OF THE LEGISLATIVE AUTHORIZATION APPROVED IN FEBRUARY? The content of the legislative authorization is as follows: 1. The Government is authorized to review the regime of residence permits for investment, (..), changing, for future concession applications, its scope. 2. The purpose and extent of the legislative authorization provided for in the preceding paragraph is to favor the promotion of investment in low-density regions, as well as investment in urban requalification, in cultural heritage, in activities of high environmental or social value, in investment productive and job creation: a) Restricting the investments provided for in subparagraphs iii) acquisition of properties for 500 thousand euros and iv) acquisition of properties and their rehabilitation for 350 thousand euros to the territory of the CIM's of the interior and the Autonomous Regions of Madeira and the Azores ; b) Increasing the minimum value of investments and the number of jobs to be created ; 3. The provisions of the preceding paragraph shall not prejudice: a) the possibility of renewing residence permits granted under the current regime; nor b) the possibility of granting or renewing residence permits for family reunification , when the investment residence permit has been granted under the current regime. 4. The present legislative authorization has the duration of the economic year referred to in this law. 6. WHAT CAN THIS LEGISLATIVE AUTHORIZATION MEAN? Legislative authorization appears to be granted with: Purposes: Maintain in force all investment options currently foreseen, updating the minimum investment values; Limit the eligibility of investments in real estate according to their geographical location in certain areas of the interior of the Portuguese territory; Extend the regime to investments in activities of high environmental or social IMMIGRATION | PORTUGUESE GOLDEN VISA : WHAT NOW? value, which may give rise to the already discussed Green Visa. Safeguards: The maintenance of the rights acquired by the ARI holders under the regime currently in force - namely renewal and family reunification, even after the entry into force of any changes to the regime; The inapplicability of any changes to concession applications that are submitted to the Immigration Services before the entry into force of any law that may change the regime. ... BACK |
Golden Visa PortugalIMMIGRATION PORTUGUESE GOLDEN VISA : WHAT NOW?Request the Portuguese nationality, by naturalization, after 5 years of Golden Visa, fulfilling the other requirements defined by the Nationality Law. 2. WHAT ARE THE INVESTMENT OPTIONS There are currently 8 alternative investment options in the Law: i) Capital transfer in the amount 1,000,000.00; a. A simple bank deposit, or b. Acquisition of public debt instruments of the Portuguese State, or c. Acquisition of securities, or d. Acquisition of company's shares. ii) Creation of at least 10 job positions; iii) Acquisition of real estate with a value 500,000.00; iv) Acquisition of real estate at least 30 years old or located in an urban rehabilitation area and carrying out rehabilitation works, in the global amount 350,000.00; v) Transfer of capital in the amount 350,000.00, for scientific and technological research activities; vi) Transfer of capital in the amount 250,000.00, for investment or support to artistic production, recovery or maintenance of the national cultural heritage; vii) Capital transfer in the amount 350,000.00, intended for the acquisition of investment units in investment funds or Portuguese venture capital funds, aimed at the capitalization of companies; viii) Transfer of capital in the amount 350,000.00, destined to the constitution or to reinforce the capital of a commercial company with headquarters in national territory, with the creation of 5 permanent jobs. The amount or minimum quantitative requirement of the investment activities provided for in points ii) to vi) may be 20% lower, when the activities are carried out in low density territories, that is, with less than 100 inhabitants per km2 or an internal product (GDP) per capita below 75% of the national average. 3. HAS THE GOLDEN VISA LEGAL REGIME CHANGED? The law that regulates the Golden Visa regime is the Law No. 23/2007, of the 4th of July, which regulates the entry, stay, departure and removal of foreigners from national territory, in which this regime became part of following the changes introduced by the Law No. 29/2012, of 9 August. The Golden Visa regime, in particular, was subsequently subject to changes in 2015, 2017 and 2018, accompanied by the respective updates to the respective Regulatory Decree No. 84/2007, of 05 November. Up to the present date (February 2020), no further changes have been made, being the regime in force and without limitations, although on February 6 it was approved, in discussion of the State Budget Bill for 2020 a legislative authorization that grants the Government with the power to legislate directly on the Golden Visa regime and to limit the eligibility of real estate investments according to their geographic location. This means that changes to the Golden Visa regime may be introduced in the future. 4. WHAT IS A LEGISLATIVE AUTHORIZATION? A Legislative Authorization is a mere authorization given to the Government, at its request (through a proposal) to legislate on matters that fall within the competence of the Parliament. The legislative authorization must define the object, the meaning, the extent and its duration. If the Government does not use the legislative authorization, after the end of the period granted, this authorization expires and cannot be used to the extent that the power attributed to the Government to legislate is extinguished, unless its renewal is requested. In other words, a Legislative Authorization does not change, by itself, or immediately, a law or regulation in force. It needs to be implemented through a law, to be presented by the Government, discussed and published, following a normal legislative procedure. 5. WHAT IS THE PURPOSE, MEANING, EXTENT AND DURATION OF THE LEGISLATIVE AUTHORIZATION APPROVED IN FEBRUARY? The content of the legislative authorization is as follows: 1. The Government is authorized to review the regime of residence permits for investment, (..), changing, for future concession applications, its scope. 2. The purpose and extent of the legislative authorization provided for in the preceding paragraph is to favor the promotion of investment in low-density regions, as well as investment in urban requalification, in cultural heritage, in activities of high environmental or social value, in investment productive and job creation: a) Restricting the investments provided for in subparagraphs iii) acquisition of properties for 500 thousand euros and iv) acquisition of properties and their rehabilitation for 350 thousand euros to the territory of the CIM's of the interior and the Autonomous Regions of Madeira and the Azores ; b) Increasing the minimum value of investments and the number of jobs to be created ; 3. The provisions of the preceding paragraph shall not prejudice: a) the possibility of renewing residence permits granted under the current regime; nor b) the possibility of granting or renewing residence permits for family reunification , when the investment residence permit has been granted under the current regime. 4. The present legislative authorization has the duration of the economic year referred to in this law. 6. WHAT CAN THIS LEGISLATIVE AUTHORIZATION MEAN? Legislative authorization appears to be granted with: Purposes: Maintain in force all investment options currently foreseen, updating the minimum investment values; Limit the eligibility of investments in real estate according to their geographical location in certain areas of the interior of the Portuguese territory; Extend the regime to investments in activities of high environmental or social IMMIGRATION | PORTUGUESE GOLDEN VISA : WHAT NOW? value, which may give rise to the already discussed Green Visa. Safeguards: The maintenance of the rights acquired by the ARI holders under the regime currently in force - namely renewal and family reunification, even after the entry into force of any changes to the regime; The inapplicability of any changes to concession applications that are submitted to the Immigration Services before the entry into force of any law that may change the regime. ... BACK |
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