UGLOBAL . COM 7
UPDATES TO THE PORTUGUESE GOLDEN VISA PROGRAM IN 2022
Amongst the most relevant amendments , we highlight the following investment options :
1 . Transfer of funds to Portugal in an amount equal to or above 1.5 million euros - previously , that amount was 1 million .
2 . Transfer of funds in an amount of , at least , 500,000 euros ( previously , 350,000 euros ) for the acquisition of participation units in investment funds or venture capital funds aiming to the capitalization of companies ,
3 . Transfer of funds in an amount of , at least , 500,000 euros ( previously , 350,000 ) for the incorporation of a commercial company with registered address in Portugal , together with the creation of five permanent jobs , or to reinforce the share capital of an existing commercial company with registered address in Portugal , with the creation or maintenance of a minimum of five permanent jobs and for a minimum period of 3 years .
For the acquisition of real estate properties , the investment amounts were not increased , having the investment to be of , at least , 500,000 or , at least , 350,000 if the construction was completed , at least 30 years ago or is located within an urban rehabilitation area and rehabilitation works will be performed . However , after Jan . 1 , 2022 , the Golden Visa will only be granted for housing purposes if the real estate asset is located within the Autonomous Regions of Azores or Madeira or in less densely populated areas , listed and identified in specific legislation .
“ After Jan . 1 , 2022 , the Golden Visa will only be granted for housing purposes if the real estate asset is located within the Autonomous Regions of Azores or Madeira or in less densely populated areas .
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INVESTMENTS IN ALLOWED GEOGRAPHICAL LOCATIONS IN PORTUGAL
Despite the aforementioned future investment restrictions for housing purposes , some less densely populated areas near the sea will remain eligible for the Golden Visa .
Even though these amendments have the purpose to promote investments in less densely populated areas , which can be less attractive , from an investment perspective , we consider that the Portuguese Golden Visa program will continue to attract investors , as there will be other , less expensive , investment options . Since properties located in less densely populated areas can be considerably cheaper and less attractive , fund investment options may become more attractive from now onwards . incorporated according to Portuguese law , whose maturity , at the time of the investment , is of , at least , five years and , at least 60 % of the value of the investments is carried out in commercial companies based in Portugal .
The acquisition of real estate not intended for housing purposes will continue to be eligible for the Golden Visa program , regardless of the location of the real estate property ( namely Lisbon and Porto ).
The recent amendments to the Golden Visa Regime do not prevent the possibility to renew existing applications according to current rules and requirements . Similarly , the amendments do not prevent the possibility to grant or renew