Golden Visa

Aufenthaltserlaubnis für Investitionstätigkeit

The new legal provisions open the possibility for foreign investors to apply for a residence permit for investment activity, to whom they have regular entry into national territory, through the transfer of capital, job creation or purchase of real estate. Holders of Residence Permit for Investment Activity have the right to family reunification, access to the permanent residence permit and Portuguese nationality, in accordance with the provisions of the legislation in force.

Finanziell

Citizens involved in an investment activity, either individually or through a company conducting, at least, one of the following operations in the Portuguese territory, for a minimum period of 5 (five) years:

 

1) Acquisition of Real Estate with a value equal to or above 500 thousand euros;
2) Capital transfer with a value equal to or above 1 million euros;
3) Creation of, at least, 10 job positions.
    


It covers shareholders of companies already set up in Portugal, or in another EU State, with a stable residence in Portugal and with tax obligations fulfilled.

REQUIREMENTS ON THE INVESTMENT ACTIVITY

Performing an investment activity for a minimum period of 5 (five) years, attested by a bona fide declaration signed by the applicant.
    
1. The purchase of Real Estate Property with a value equal to or above 500.000,00€;
    
2. The purchase of Real Estate Property, with contruction dating back more than 30 years or located in urban regeneration areas, for refurbishing, for a total value equal to or above 350.000,00€.
    
3. Capital transfer of the amount of 350.000,00€, or higher, for the acquisition of units of investment funds or venture capital fund of funds dedicated to the capitalisation of companies, capital injected under the Portuguese legislation, whose maturity, at the moment of the investment, is, at least, of five years and, at least, 60% of the investments is realized in commercial companies with head office in national territory;
4. Capital transfer with a value equal to or above 1 million Euros;
5. Capital transfer with a value equal to or above 350.000,00€ for investing in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system;
6. Capital transfer with a value equal to or above 250.000,00€ for investing in: artistic output or supporting the arts, for reconstruction or refurbishment of the national heritage, through the local and central authorities, public institutions, public corporate sector, public foundations, private foundations of public interest, networked local authorities, local corporate sector organizations, local associations and public cultural associations, pursuing activities of artistic output, and reconstruction or maintenance of the national heritage;
7. Capital transfer of the amount of 350.000,00€, or higher, for constitution of a commercial society with head office in the national territory, combined with the creation of five permanent working jobs, or for the reinforcement of the share capital of a commercial society with head office in national territory, already existing, with the creation or keeping of working jobs, with a minimum of five permanent jobs, and for a minimum period of three years.
8) Job Creation ( minimum 10 jobs )
Provide evidence of having created 10 job positions and registered the employers in the Social Security.
• It should be noted that only investments effectively made after 8th October of 2012, are eligible for Golden Visa

 

Rechtliches

For residence permit renewal purposes, applicants under paragraph 2 may be asked to deliver evidence that they complied with the following minimum periods of permanence in National Territory:
    
a) 7 days, consecutive or otherwise, in the 1st year;
b) 14 days, consecutive or otherwise, in the subsequent two year periods.

FAMILY REUNIFICATION

The holders of Golden Residence Permits for Investment Activity have the right to family regrouping, and may gain access to a permanent residence permit, as well as to Portuguese citizenship in accordance to the current legal provisions.

DOCUMENTS

• Passport or another valid traveling document;
• Proof of legal entry and permanence in national territory;
• Proof of health insurance;
• Signed application enabling consultation of the Portuguese Criminal Record by SEF;
• Criminal Record Certificate from the relevant authority of the applicant’s home country or from any other country where he/she resided for over a year;
• As means of evidence of compliance with tax obligations, the applicant shall deliver a declaration proving the absence of debts issued by the Inland Revenue and Customs Authority and by the Social Security

OTHER REQUIREMENTS UNDER GENERAL LAW

• Applicants must not have been convicted of a crime punishable with deprivation of liberty exceeding one year;
• Applicants must not be subject of an entry ban in national territory following a removal order from the country;
• Applicants must not be subject of alerts in the Schengen Information System;
• Applicants must not be subject of alerts in SEF’s Information Integrated System issued for purposes of non-admission

Fonte: APEMIP – Associação dos Profissionais e Empresas de Mediação Imobiliária de Portugal

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