There will be no changes on the regulations related to the Golden Visa category in Portugal regarding the €350k real estate rehabilitation into hospitality projects in Porto and Lisbon, and the €280k real estate rehabilitation into hospitality projects in the non urban areas.
The rest of most of golden Visa categories, either the investment amounts are increased, such as the Investment Funds, to €500k or they do not qualify any longer, such us the real estate residential investments in Lisbon, Porto and part of the Algarve, as of January 1st 2022.
Description of the most relevant changes
The Portuguese government, in order to promote greater territorial cohesion, by reducing the regional asymmetries felt in the national territory, considered necessary to review the housing policy by changing the regime of Residence Permit by Investment, that, until then provided in law 23/2017, to be applied in the following terms:
Residence permits for investment that, as from January 2022, will foresee a higher investment value than the one that was currently applicable:
- Investment through Capital Transfer: Increase from €1M to €1.5M
- Investment through Research – Increase from €350K to €500K
- Investment by creating a company providing 5 jobs – Increase from €350K to €500K
- Investment through investment funds or venture capital funds – Increase from €350K to €500K
Residence Permits by Investment in real estate for residential purpose, the acquisition of real estate for €500k and the acquisition for rehabilitation of €350k/280k will only allow access to the GV program outside the cities of Lisbon, Porto and part of the Algarve.
Residence permits for investment in real estate for non-residential purposes, maintains the requirements already foreseen in the previous law, keeping the investment amount – €500k or €350k/280k if for rehabilitation – admissible throughout the national territory.
The law will be in force on January 1st, 2022.
(Decree-Law No. 14/2021 of February 12, issued by the Council of Ministers).