Portugal's Golden Visa program has long been an attraction for investors seeking residency and, ultimately, citizenship in one of Europe's most captivating countries. Recently, this popular program has undergone notable changes, redefining the pathways for potential investors. In this guide, we'll explore these changes and outline what you need to know to secure your Golden Visa.
Country overview
Portugal, officially the Portuguese Republic, stands as a developed, high-income country with a diverse history and a thriving economy. Positioned at the crossroads of Europe, it remains an enticing destination for global investors seeking a Golden Visa and a gateway to the European lifestyle.
Residency to Citizenship:
The Portugal Golden Visa is renowned for its direct route to citizenship. Unlike many other residency programs, you aren't required to reside in Portugal. Spending just seven days per year in the country is sufficient. Upon meeting certain criteria and passing a naturalization exam, you can obtain Portuguese citizenship; a valuable benefit for you and future generations.
Real Estate Out, Diversification In:
One of the significant shifts in the program is the exclusion of real estate as a qualifying investment. Previously, the fund investment threshold was €350,000, but it has now been raised to €500,000. This change marks a departure from real estate-centric investments, pushing investors toward a more diversified portfolio.
New Paths to the Golden Visa:
The revised Golden Visa program introduces several novel avenues for obtaining residency:
Job Creation: Creating and maintaining ten jobs in Portugal, with the benefit of employee-friendly rules, qualifies you for the Golden Visa.
Scientific Research: An investment of €500,000 in scientific research activities, conducted by public or private institutions integrated into the national scientific system, is now a pathway to the Golden Visa.
Cultural Heritage Support: Allocating €250,000 to investments or support for artistic production, preservation of national cultural heritage through various entities, offers a new avenue to the Golden Visa.
Fund Investment: Formerly at €350,000, the fund investment option now requires €500,000. This amount should be invested in a fund with a maturity of at least five years, comprising at least 60% of investments in national commercial companies.
Commercial Venture: Transferring €500,000 or more for the establishment of a commercial company in Portugal, combined with creating five permanent jobs, or reinforcing an existing company's capital, opens another door to the Golden Visa.
In addition, investing in low-density areas may reduce the minimum investment amounts by 20%, encouraging investment in less densely populated regions.
Is Portugal a good opportunity for you?
If you're seeking a tax haven country, it's important to note that unless you move to Portugal, you won't have the option to live in the country as a tax haven. Portugal was previously known for offering favorable tax regimes, particularly through programs like the non-habitual residency, attracting those looking for tax advantages. However, with recent changes, especially in the Portugal Golden Visa program, the landscape has evolved.
It's crucial to understand that gaining tax benefits in Portugal, now more than ever, is tied to specific requirements and compliance with the country's tax regulations. The perception of Portugal as a beneficial tax destination has shifted with changes in programs and eligible investments.
If you are just looking for a Golden Visa for you and your family, this might be a good option.
In conclusion, the recent changes in the Portugal Golden Visa program present a dynamic shift toward diversification and economic development. The program remains an attractive option for investors seeking residency and citizenship in Europe, offering a range of investment paths tailored to different preferences and objectives. Whether through job creation, scientific research, cultural support, fund investment, or commercial ventures, the Golden Visa program continues to be a gateway to the rich history, and economic opportunities that Portugal has to offer.
If you want more information about Investment Abroad and its opportunities to develop
business, contact us today! Below this article, you will find a link to set up a free
ten-minute consultation with us to discuss your options further.
Also, if you want to access our other great content, subscribe to our YouTube channel!
At Creimerman, our team of professional global citizens would be happy to help you with
your personal or professional cross-border ventures and help make them a success.
Comentários