MEDIA / News / Portuguese Golden Visa introduces €350,000 Capital Transfer Alternative

Portuguese Golden Visa introduces €350,000 Capital Transfer Alternative

The highly popular Golden Visa program in Portugal has collected FDI totaling 3.3 billion, which included 2.9 bn in real estate, since its commencement in 2013. It has introduced a novel capital transfer granting applicants a ‘’Residence Permit for Investment Activity’’ (ARI). Necessary condition is an investment of €350,000 in new or incumbent firms, or an investment in funds.

This initiative reflects the Portuguese government’s intention to encourage a new wave of investment that is not merely focused on real estate, but will diversify the Golden Visa program to encourage more investments in both new and existing private sector firms.

Specifically, Law 102/2017 , enforced since the 26th November , third country nationals are eligible for the Golden Visa by adhering to two separate capital transfer alternatives:

  • The transfer of capital amounting to €350,000 or more , for the acquisition of units of investment funds or venture capital funds for the capitalization of companies, which are set up under Portuguese law, whose maturity at the time of the investment is at least five years and at least 60% of the value of the investments is carried out in commercial companies based in the national territory;
  • the transfer of capital amounting to €350,000 or more, for the purpose of setting up a commercial company with its head office in Portugal, together with the creation of five permanent posts or to increase the share capital of a company with headquarters in the national territory, already established, with the creation or maintenance of jobs, with a minimum of five permanent, and for a minimum period of three years.
The program has granted qualifying alternative investment types which were discounted, however none of them enjoyed considerable success. Among them were the following:
  • Acquisition of immovable property, the construction of which has been completed for at least 30 years or located in an area of urban rehabilitation and rehabilitation of acquired real estate with a total amount equal to or greater than €350,000;
  • Transfer of capital amounting to €350,000 or more, which is applied in research activities carried out by public or private scientific research institutions, integrated into the national scientific and technological system;    
  • Transfer of capital amounting to €250 000 or more, for investment or support for artistic production, restoration or maintenance of the national cultural heritage, through direct central and peripheral administration services, public institutes, public foundations, private foundations with public utility status, intermunicipal entities, entities that integrate the local business sector, municipal associative entities and public cultural associations, that carry out assignments in the area of artistic production, recovery or maintenance of national cultural heritage.

Sitemap | © Copyright, All Rights Reserved. | Designed & Developed by Dot.Cy