The Golden Visa Programme launched by the Portuguese Authorities is a fast track for foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal (“Golden Visa”).
Under the Golden Visa programme, non-EU citizens simply need to carry out one of the investments set out in the law to qualify to obtain a residency permit in Portugal. This residency permit will allow the investor and his family members to enter and/or live in Portugal and to travel freely within the vast majority of European countries (Schengen space).
The Golden Visa programme was recently widened to include further types of investment. As a result, the following types of investment now qualify for the Golden Visa programme: a) Property Investments: i. Acquisition of property above € 500,000; ii. Acquisition of property above € 350,000 – for properties more than 30 years old or located in areas of urban renovation. b) Capital Investments: i. Transfer of Funds above € 1,000,000; ii. Transfer of Funds above € 350,000 for research activities; iii. Transfer of Funds above € 250,000 for artistic or cultural activities; iv. Transfer of Funds above € 500,000 for capitalization of small and medium size companies.
Once issued, the Golden Visa will be valid for an initial period of 1 (one) year and then will be renewed for subsequent periods of 2 (two) years. There is a minimum stay in Portugal: 7 (seven) days during the first year and 14 (fourteen) days during each subsequent period of two years.
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