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Meet the Law - Amendment to the Golden Visa legal regime

The Portuguese legal regime of entry, stay, exit and removal of foreigners was amended, taking effect on January 1st 2022 and foreseeing the following main investments eligible for Golden Visa purposes:

i.  Capital transfer in the amount equal or above 1.500.000 Euros;
 
ii. Purchase of real estate, located in the Autonomous Regions of Azores and Madeira or inland territories*, of an amount equal or above 500.000 Euros;
 
iii. Purchase of real estate, located in the Autonomous Regions of the Azores and Madeira or in inland regions*, which construction has been concluded at least 30 years before or is located in an area of urban rehabilitation and execution of rehabilitation works on the real estate acquired, for a total amount equal to or over 350.000 Euros;
 
iv. Capital transfers in the amount equal to or greater than 500.000 Euros destined for the acquisition of participation units in investment funds or venture capital funds focused on the capitalization of companies incorporated under Portuguese law, with a minimum maturity of five years at the time of the investment and at least 60% of the value of the investments made in commercial companies based in national territory;
 
v. Capital transfers in the amount equal to or higher than 500.000 Euros aimed at the incorporation of a commercial society with registered office in the national territory, combined with the creation of five permanent jobs, or to increase the share capital of a commercial company with registered office in the national territory, already existing, with the creation or maintenance of jobs, with a minimum of five permanent jobs, and for a minimum period of three years.
 
These amendments do not affect the Golden Visa requests approved under the regime currently in force.
 
*identified in the Annex to Portaria n.º 208/2017, of 13 July.

Authors

Susana Afonso
Susana Afonso
Partner
Lisbon
Picture of Henrique Nunes
Henrique Peyssonneau Nunes
Associate
Lisbon