Residence Permit for Investors attracts foreign investors - "Golden Visa"
The amendment of Law N. º 23/2007, of 4th July (which approved the legal regime of Entrance, Stay and Departure of foreign citizens in national territory), by the Law N. º 29/2012, of 9th of August , created new rules regarding the concession of Residence Permits for investment activity. This is without any doubt, an extremely important measure that allows to attract direct foreign investment in Portugal, alongside the tax regime of non-habitual residents, introduced in Portugal in 2009.
In summary, this is a system specifically directed to third country nationals (non EU members), which allows granting a Residence Permit by means of an investment activity in Portugal, which must be maintained for a minimum period of five years, after which such permit may be granted permanently
1 - Capital transfer of the amount equal or higher than 500K
2 - Capital transfer in the amount of 500K for the acquisition of participation units (shares)
3 - Creation of at least 10 job positions, through the effective hiring of employees through individual employment contracts and the subsequent registration of employees at Social Security
4 - Preserving Cultural Heritage
5 - Investment in Artistic Production Capital transfer in the amount equal or higher than 250K