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GOLDEN VISA 2022 DEVELOPMENTS

GOLDEN VISA REAL ESTATE INVESTMENT IN PORTUGAL

In 2012, Portugal approved special legislation designed to attract foreign investment, by offering a fast way for property investors (non EU citizens) to receive a residence permit, making it a privileged entry into Europe and allowing such permit holders free circulation in Schengen countries.

On January 1st, 2022, new amendments were added to the procedures that allow, through investment, obtaining the residence permit known as the Golden Visa.

As of this date, it is possible to apply for this visa through one of the following real estate investment options:

Property acquisition in the amount equal to or greater than 500.000 Euros.

Acquisition of property over 30 years old or property located in urban renewal areas with rehabilitation works totaling the amount equal to or greater than 350.000 Euros.

Capital transfer in the amount equal to or exceeding 500.000 Euros for the purchase of shares in mutual in investment funds for investment in small and medium enterprises, registered in Portugal and whose underlying assets are real estate.

Real estate investment covers:

Non residential or residential properties;

Real estate acquired in co-ownership, as long as the investor’s share is at least the minimum indicated value;

Properties that are acquired individually or through sole proprietorship companies in which the investor is a partner;

Leased properties;

Properties encumbered, by the amount that exceeds the minimum amount of the investment.

As of january 1st, 2022, property investment for non residential purposes remains possible throughout the country. However, property investment for housing purposes is now only eligible if the properties are located in the Autonomous Regions of the Azores and Madeira or in the interior low density areas, as shown on the map.

The government establishes the possibility of reducing the amounts in question by 20% if the properties in question are located in areas of low population density. According to current law, it is considered a territory of low population density if it has less than 100 inhabitants per km2 or if the GDP of that region is below 75% of the national average.

The residence permit is granted for a period of one year, renewable for two successive periods of two years, and requires the maintenance of the investment for a minimum period of five years and the presence in Portuguese territory for 7 days (consecutive or not) in the first year and 14 days (consecutive or not) in the subsequent periods of two years.

The authorization may be extended to the investor’s family members and after the initial period of 5 years, the residence permit may be granted on a permanent basis. Portuguese nationality through naturalization can be requested after 6 years.

Other investment options for obtaining a Golden Visa are:

Capital transfer in the amount equal to or greater than 1,500,000.00 Euros.

Create, at least, 10 new jobs.

Capital transfer in the amount equal to or exceeding 500 000 Euros to public or private national institutions for scientific research.

Capital transfer in the amount equal to or exceeding 250.000 Euros for investment or support for artistic production, recuperation or maintenance of national cultural heritage.

Capital transfer in the amount equal to or exceeding 500.000 Euros for the purchase of shares in mutual in investment funds for investment in small and medium enterprises.

Capital transfer in the amount equal to or exceeding 500.000 Euros for the constitution or reinforcement of a national commercial company, with the creation of 5 permanent jobs.

LISBON

Lisbon stands over the river Tagus: cosmopolitan, modern, increasingly fashionable, yet traditional and bright.

MARTINHAL RESIDENCES

Parque das Nações, Lisboa

Studio to 4 bedroom apartments

38 to 19 sqm

Prices from

340.000€

CASCAIS

Cascais is a delightful town, with a relaxed atmosphere, a range of experiences and the charm of a historic summer resort.

Quinta da Marinha

1 to 4 bedroom apartments

82 to 267 sqm

Prices from GOLDEN VISA

500.000€ 580.750 €

MARINHA PRIME

ALGARVE

On the Algarve, in the South, you’ll find the untamed Sotovento on the leeward side, and Barlovento on the windward side, with and obligatory stop in the peacful luxury of the central region.

AMENDOEIRA GOLF RESORT

Alcantarilha, Algarve

2 to 5 bedroom apartments

108 to 428 sqm

Prices from

285.000€

400.000€

CARVOEIRO GARDENS

Carvoeiro, Algarve

Studio, 3 to 4 bedroom apartments

87 to 300 sqm

Prices from

349.500€

153 to 233 sqm

Prices from

Vila Nova de Cacela

Carvoeiro, Algarve

1 to 3 bedroom apartments

56 to 138 sqm

Prices from

400.000€ 300.000€

OMBRIA RESORT

Loulé

1 to 4 bedroom apartments

73 to 474 sqm

Prices from GOLDEN VISA

400.000€ 320.000€

VERDELAGO

Praia Verde, Algarve

1 to 4+1 bedroom apartments

81 to 263 sqm

500.000€

Prices from GOLDEN VISA

400.000€

COMPORTA

One of the most exclusive natural beauties of the Portuguese coastline, Comporta surprises by being a sophisticated destination that has preserved its authenticity. Just an hour from Lisbon, Comporta has established itself as an increasingly sophisticate destination, being at the same time luxurious and unpretentious.