Currently the available options to apply for the Portuguese golden visa are the following ones: - The creation of at least 10 jobs; - Transfer of capital in an amount equal to or greater than 250 thousand euros, to be applied in investment or support for artistic production, recovery or maintenance of the national cultural heritage, through central and peripheral direct administration services, public institutes, entities that are part of the public business sector, public foundations, private foundations with public utility status, intermunicipal entities, entities that are part of the local business sector, municipal associative entities and public cultural associations, which pursue responsibilities in the area of artistic production, recovery or maintenance of the national cultural heritage; - Transfer of capital in an amount equal to or greater than €500,000, intended for the acquisition of participation units in investment funds aimed at the capitalization of companies, which are set up under Portuguese law, whose maturity, at the time of the investment, is at least five years and at least 60% of the value of the investments is made in commercial companies headquartered in national territory; - Transfer of capital in an amount equal to or greater than €500,000, intended for the establishment of a commercial company headquartered in national territory, combined with the creation of five permanent jobs, or for the reinforcement of the share capital of a commercial company headquartered in national territory, already set up, with the creation or maintenance of jobs, with a minimum of five permanent jobs, and for a minimum period of three years. The Portuguese Government is working on additional options, namely, with social character.
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What is the new investment alternative for the Portugal golden visa?
I am reading that the Portugal government is making changes to its golden visa program. What can you tell me about the new investment option to fund immigrant integration projects in exchange for a visa? Will the government generate these projects or do we have to set them up?
Answers
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The Government has drawn up a new Action Plan for Migration, which includes a new ‘solidarity’ golden visa, which aims to give residence permits in exchange for 250,000 euros, which will be invested in equipment and infrastructures to support immigrants in difficulty. This new ‘solidarity’ golden visa is, therefore a Residence Permit for Social Investment, which will be integrated into the existing Residence Permit to support artistic production. Specifically, immigrants who have 250,000 euros can apply for a residence permit in Portugal under this new Golden Visa modality, and the investment will be non-refundable, i.e. there will be no return abroad beyond the visa - it is a donation. This amount will be donated in equipment and infrastructures to support the reception and integration of immigrants in vulnerable situations.