Golden Visa Portugal

Nuno Caetano

Licensed Broker

Golden Visa Portugal - 2015 New Rules

New rules of 2015 also create more investment options

The Golden Visa Portugal Program, which corresponds to the allocation of visas by foreign investment in Portugal (FDI) is a case of international success and now has new rules that reinforce this visa program with new investment options.

The news was recently presented by the deputy prime minister, Paulo Portas, and corresponds to a desire to convey the positive impact the program has had in Portugal to other areas beyond real estate.

The main new features focus on the areas of Science, Culture and Urban Rehabilitation. The measures now announced also seek to encourage investment outside Lisbon and Porto, through a positive discrimination mechanism that rules the investments made.

The measures now proposed and meanwhile defined in the law for allocation of Golden Visa (Visa Gold) are as follows:

  1. Scientific Research I&D (> €350,000) : To promote investment in scientific research access to the Golden Visa program will now be allowed via transfers of capital in an amount equal to or greater than 350,000 euros applied in scientific research activities;
  1. Culture (> €350,000 €): Culture benefits from two major forms of incentive in this area, with the minimum amount always having to be greater than €350,000;

– Investment in or direct support to artistic production;

– Investment in the recovery or maintenance of national heritage within Portuguese territory.

  1. Real estate (> €500,000 €): Much of the success of the visa program known worldwide as Golden Visa Portugal was due to this area, with the purchase of real estate now becoming eligible, but with the realization of works of urban renewal, to an amount that stays at the initial value of 500,000 euros.
  1. Regions of Low Density (20% reduction in the defined investments):

how-buy-property-portugalFor all foreigners who wish to access the Golden Visa program (or Gold visas) allowing them a range of benefits (Golden Visa Benefits) such as access to temporary residence permits and later nationality, the Portuguese government also determined the creation of an additional mechanism of investment, 20% smaller, for any of the options (Real Estate, Science and Culture), provided it is done in low density regions.

The low density territories are an existing classification in Portugal (NUT III) and correspond to areas of the country with less than 100 inhabitants per km2 or GDP per capita, below 75% of the national average.

These measures now announced by the Portuguese government, as deputy prime minister, Paulo Portas, was keen to stress, meet the interests expressed by foreign investors and will allow an increase of FDI.

To highlight that, by the end of January 2015, more than 1,2 billion euros have already been invested in the Portuguese economy in the scope of this program. Take advantage and benefit from this program with the purchase of a property (Portugal Property) or contact us to learn more about investment in Science or Culture through our Contact form.

BY: Nuno Caetano