Changes to the Portugal Golden Visa in January 2022

In January 2022, changes to the Portugal Golden Visa program will take effect, after its delay in 2021.
Any applications already in progress by that date only need to meet existing terms. If you want to take advantage of the current rules, now is the time to apply!

Existing Golden visas will not be affected by the changes.
Changes to the Portugal Golden Visa in January 2022

Changes in process

Current rules
Property Investment in Portugal
In Portugal, you must purchase a qualifying property. You must buy the property outright, without taking out a loan or a mortgage. To meet the minimum investment requirement, you can buy multiple properties.
You can buy a house for your own use or as an investment property to rent out.
There are four categories with different investment levels:
• €280,000 Properties with 30 years with renovation in low-density areas.
• €350,000 Properties with 30 years with renovation.
• €400,000 For all other properties in low-density areas.
• €500,000 For all other properties in Portugal.
Although it is a popular choice, the property does not have to be a residential home to qualify for the program. Commercial real estate is also acceptable.

Capital Investment in the Portuguese economy
• €350,000 Into private equity or venture capital funds.
• €1,000,000 Capital transfer to the Portuguese bank account.
• €350,000 To increase or incorporate the share capital of a Portuguese company. This must also lead to the creation of five permanent jobs for at least three years.

Start a company and hire Portuguese nationals
A no-minimum-investment option is also available, you can qualify by investing for at least five years in a company that creates and holds at least ten jobs.
Changes to the Real Estate Investment Option in 2022
The most significant change is that properties in high-density areas will be excluded from the program. This includes popular tourist destinations such as Lisbon, Porto, and the Algarve, as well as high-density coastal towns such as Setubal and the Silver Coast. The government wants to concentrate investment in low-density areas such as the Azores, Madeira, and the interior of the country.

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Changes in Capital Investment Options in 2022
• €500,000 (up from €350,000) into private equity or venture capital funds.
• A minimum capital transfer of €1.5 million (increased from €1 million) is required.
• Increase or incorporate the share capital of a Portuguese corporation for €500,000 (up from €350,000). This investment should result in the creation of five permanent jobs over a three-year period.

From January 2022, all new applications will be subject to these tougher constraints and higher limits. Before the changes take effect, we urge that you make the investment and apply for the Portugal Golden Visa!

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