American Investors are among the top Applicants for Portugal’s Golden Visa in 2020. At the end of November 2020, the golden visa investment amounted to 619 million euros. The top five applicant groups this month were Chinese (22), Americans (12), Brazilians (9), South Africans (5), and Indians (4). Only this November investments amounted 50 million euros, which is a 74% increase comparing to October, however a 35% decrease compared to November 2019.
The growing interest in investment immigration is one of the trends among American millionaires, who probably feel that their mobility can be improved.
This ongoing presence in the top 5 most likely will result in Americans being included in the annual top 5 when the SEF releases its full-year 2020 figures at the end of 2020.
Become a permanent resident of Portugal by choosing one of the following three qualifying investments below with requirements of maintaining the investment for a minimum of 5 years from the date the residence permit is granted:
✓ €500,000 – purchase residential or commercial real estate
(€400,000 – reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density areas).
✓ €350,000 – purchase residential or commercial real estate over 30 years old requiring renovation.
(€280,000 – reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density)
✓ Create a minimum of 10 new jobs
✓ Invest a minimum of €350,000 in business and create a minimum of 5 permanent jobs
Applicants are required to make a capital investment into specifically approved investment options or Portuguese bank account.
LONDON BASED SOLUTION ADVISERS – Portugal’s Golden Visa
Full Support with our Immigration Advisers & Property Consultants:
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For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at firstname.lastname@example.org or call +44 207 993 63 46.
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