The final draft of the Portugal Golden Visa programme has received official approval. The implementation of the program is imminent, although the exact start date has not been announced yet. The program has undergone restructuring, now offering five investment options. However, it is important to be aware that real estate investments will no longer qualify under the revised scheme.
Recently, the Portuguese Parliament approved changes to the Golden Visa programme as part of a housing package. Contrary to initial proposals, the program will continue to be available. The new legislation will only impose restrictions on real estate investment categories.
As a result, it will no longer be possible to apply for a Golden Visa based on capital transfers to Portugal or any form of real estate investment, whether direct or indirect, through eligible channels.
The remaining eligible investment options for the Golden Visa are as follows:
1. Capital transfers of at least €500,000.00 for the acquisition of non-real estate collective investment assets under Portuguese law. These assets must have a minimum maturity of five years, with at least 60% of the investment dedicated to commercial companies domiciled in Portugal.
2. Creation of 10 or more jobs.
3. Capital transfer of €500,000.00 or more for the establishment of a Portuguese company combined with the creation of five permanent jobs. Alternatively, investment in an existing company combined with the creation of five permanent jobs or the maintenance of ten jobs for a minimum duration of three years.
4. Transfer of capital equal to or greater than €500,000.00 for investment in research activities conducted by public or private scientific research institutions engaged in the national scientific or technological system.
5. Capital transfer equal to or greater than €250,000.00 for investment in artistic production or support for the arts. This can include the restoration or renovation of national heritage through local and central authorities, public institutions, or eligible private organizations.
Please note that in low-density areas, the minimum investment amount is reduced by 20% for all types of investments.
The Golden Visa programme remains active and is still the only program that offers shorter minimum stay requirements and a pathway to Portuguese citizenship after a period of 5 years.
