Are golden visa applications for the artistic donation route open now or are they still pending the final decision on the housing law?
At the moment, all investment options are open; after the law change enters into force, the simple transfer of capital and investment in real estate will no longer be available; it remains possible to invest in funds, job creation, and cultural activities. The applications are not suspended.
There are several investment alternatives to property investment to get a Golden Visa. These include: the creation of at least, 10 job positions; investment in artistic output or culture; acquisition of units of investment funds not related to real estate. Answering your second question, yes, golden visa applications for artistic donations are open.
The Golden Visa regime prior to the amendments is still in force, and as soon as the new law comes into force, only the investment options that were eliminated will disappear. This means that all other eligible investments can be started, continued, and completed in the same way, as they will not be impacted by these changes. Namely, the investment options in culture and the artistic sector remain available, with no change that could jeopardize their continuity being in question.
It is possible to continue to apply for the Golden Visa based on the following routes: investment on non-real estate related Venture Capital Funds - 500k; donation on arts or cultural approved projects - 200k; investment in tech and scientific projects - 500k; investment in Portuguese companies with job creation/maintenance - 500k.
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