Portugal Golden Visa: Capital Transfer Increases for €500,000 from January 2022

February 15, 2021

In a recent announcement, the Portuguese Government has confirmed that changes to the popular Portugal Golden Visa Program will be delayed until 01/2022. With the new announcement, the applicants will have 6 more months to apply for the visa under current regulations. 

This means that purchase of the real estate in Lisbon, Porto, and Algarve will still qualify for the visa until the end of 2021. The changes have been made with the idea of developing not only major cities but also, to encourage residential property investment and development around Portugal.

 

The main Portugal Golden Visa Changes from 1st January 2022:

  • The capital investment/deposit category: Minimum investment requirement will rise from the current EUR 1 million to EUR 1.5 million;
  • The investment fund category: Minimum investment requirement will rise from the current EUR 350,000 to EUR 500,000;
  • The property investment category: Minimum investment requirement will remain unchanged at EUR 500,000 and EUR 350,000 (renovation properties) but qualifying for the golden visa through these options will be limited to the country’s interior as well as the autonomous regions of the Azores and Madeira;
  • The job creation category: The minimum capital required for incorporation/capital injection in an existing company that then must proceed to create five new job positions sustained for a consecutive three years will rise from the current EUR 350,000 to EUR 500,000;
  • The Science and Research Activities category: Minimum investment requirements will rise from the current EUR 350,000 to EUR 500,000.

 

Managing Director of Mann’s Solutions Evgeny Pavlov commented: “I believe, that for our clients, this is a great opportunity to acquire European Residency by investing in Portugal. More and more investors choose Capital transfer investment as an alternative, as they are not able to travel to Portugal to see the property themselves. Contact our solution advisors to learn more.”

 

Portugal Golden Visa Program Overview

 The Portuguese Residence Permit Program grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include the creation of at least 10 jobs via investing into business; investment of €1,000,000 or purchase of real estate within a range of €280,000 – €500,000, depending on where it was built.

 

Program benefits

Portugal residency by investment program grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program requires only 7 days a year visit to Portugal in a 1 year and 14 days visit during each subsequent 2 years to keep the permit. Portugal residency allows the whole family to travel without a visa to all Schengen Zone countries and gives access to high-standard education.

  • Investment from €280,000
  • Low minimum stay requirements
  • Access to high standard education
  • Beneficial tax regime
  • Profitable property investment

 

Investment options

Become a permanent resident of Portugal by choosing one of the following three qualifying investment options. The requirement to maintaining the investment is minimum of 5 years from the date the residence permit is granted.

 

1.Property investment from €280,000 

  • €500,000 – purchase residential or commercial real estate. (€400,000 – the 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 – the reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density)

 

2.Creation of 10 Jobs or Business Investment

  • Create a minimum of 10 new jobs OR
  • Invest a minimum of €350,000 in business and create a minimum of 5 permanent jobs

 

3.Capital Transfer From €1,000,000

 Applicants are required to make a capital investment into specifically approved investment options or Portuguese bank account.

 

LONDON BASED SOLUTIONS ADVISERS – Portugal Golden Visa

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

• Property virtual tours, 3-D tours, and in-person tours available.

• Due diligence checks and additional property checks completed by our experts.

• Residency & Citizenship document preparation and submission.

• Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.