GOLDEN VISA & CITIZENSHIP

 

The Portuguese Government started granting Residence Permits for Investment (ARI / Golden Visa) since October 8th 2012. This is only available to persons who ARE NOT family members of  a citizen of the E.U (European Union), EEA (European Economic Area) or Switzerland and allows you to obtain a temporary residence permit to live and conduct business activities in Portugal. The beneficiaries of ARI / Golden Visa are entitled to:

• Residence visa waiver for entering Portugal;
• Living and working in Portugal on condition that they stay in Portugal for a period of 7 or more days, in the first year, and 14 or more days, in the subsequent years;
• Visa exemption for travelling within the Schengen Area;
• Family reunification;
• Applying for permanent residence (pursuant to the Aliens Act – Act number 23/2007 of July 4th );
• Eligible to apply for Portuguese citizenship, by naturalization, provided all other requirements set out by the Nationality Act are fulfilled (Act number 37/81 of 3 October,);

Eligibility
All persons who conduct an investment activity as an individual business person or through a company set up in Portugal or in another EU Member State but have clearly demonstrated they have settled in Portugal. These persons are eligible provided they fulfill the quantitative and time requirements set out by the relevant legislation. The following routes are available:

i. Capital transfer with a value equal to or above 1 million Euros;

ii. The creation of at least 10 job positions;

iii. The purchase of real estate property with a value equal to or above 500.000 Euros;

iv. The purchase of real estate property, with construction dating back more than 30 years or located in urban regeneration areas for refurbishing, only need to invest a total value equal to or above 350.000 Euros;

v. Capital transfer with a value equal to or above 350.000 Euros for investing in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system;

vi. Capital transfer with a value equal to or above 250.000 Euros 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;

vii. Capital transfer with a value equal to or above 500.000 Euros for purchasing shares in investment funds or in venture capital geared to capitalize small and medium companies that in turn, must present a feasible capitalization plan.

Portugal Realtors

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