Amendments to the Golden Visa regime were published

The diploma amending the legal regime of residency for investment in Portugal – so-called Golden Visa scheme – was published last Friday.

The amendments introduced by this diploma will entry into force in 1^st of January 2022 and includes the following most relevant changes:

1. Acquisition of real estate properties will only be eligible for Golden Visa purposes if those properties are located in the interior of the Country or in the Autonomous Regions of Madeira and the Azores;
2. The threshold for capital transfers will increase from € 1 M to € 1,5 M;
3. The threshold for capital transfers aimed to investments in research activities, acquisition of participation units in investment and venture capital funds, and incorporation or capitalization of companies leading to job creation will raise from € 350,000 to € 500,000.

The application of the new rules will not affect renewals of the residency permits and family regrouping related to authorizations for investments granted under the current legislation.

Click HERE to access the diploma

[Photo by: Benjamin Voros, available at unsplash.com]