Golden Visa
Introduction to Golden Visa in Comporta From January 2022 as an incentive to investment in low population density areas, relieving pressure from metropolitan areas and encouraging foreign investment in other areas of the country through urban renewal, job creation and cultural heritage, there was an update of investment values. The investment values currently in force in Litoral Alentejano are now: - Acquisition of new properties in an amount equal to or greater than € 400.000 - €280.000 Acquisition of properties suitable for rehabilitation as they are over 30 years old.
Residence permit for investment activity Since 2012, citizens of Third States can obtain a Residence Permit for investment activity (ARI), also known as "Golden Visa”, if they carry out one of the following investments in Portugal: -Transfer of capital in an amount equal to or greater than € 1.500.000; -Creation of at least 10 jobs; -Acquisition of properties in an amount equal to or greater than € 400.000; -Acquisition of properties built more than 30 years ago or located in ARU and carrying out rehabilitation works on them, in an amount equal to or greater than € 280.000. -Transfer of capital in an amount equal to or greater than € 500.000, which is invested in research activities; -Transfer of capital in an amount equal to or greater than €250.000, which is invested in investment or support for artistic production, recovery, or maintenance of the national cultural heritage; -Capital transfer in an amount equal to or greater than € 500.000, intended for the acquisition of investment units in investment funds or venture capital funds dedicated to the capitalization of companies;
-Capital transfer in an amount equal to or greater than € 500.000, intended for the constitution of a commercial company based in Portugal, with the creation of 5 jobs, or for the reinforcement of the social capital of an already incorporated commercial company, with the creation or maintenance of jobs. -These types of investments can be made both individually and through a single-person company by shares of which the Investor is the partner.
Who can request a residence permit for investment activities? This is an exclusive residence permit for third-country nationals, i.e. not applicable to nationals of the EU and the European Economic Area, and which grants the holder the following rights: - Exemption from a residence visa to enter Portugal;; - Live and work in Portugal, on condition that they remain in Portugal for a period of 7 or more days, in the first year, and 14 or more days, in the following years; - Visa exemption for travel within the Schengen area; - Family reunification, with the following family members: a) The spouse and partner; b) Minor or disabled children and adopted minors; c) Older children, financially dependent, who are single and are studying; d) Ascendants in the straight line and in 1st degree, as long as they are in charge; e) Minor brothers, as long as they are under guardianship; - Access to the national health system and other "rights" of residents: After the applicant obtains his/her residence permit, he/she can enroll in the national health system of Portugal, and enjoy a qualified and accessible health system; - Obtaining non-habitual resident status: The tax regime for non-habitual residents allows natural persons access to an income tax exemption regime for 10 years. Thus, after the ARI Applicant obtains his/her residence permit, it is possible to change his tax residence to Portugal and apply for this regime.
- After 5 years of legal residence, in accordance with applicable law, provided that certain requirements are met, apply for permanent residence in Portugal; - After 5 years of legal residence, in accordance with the applicable legislation, provided that certain requirements are met, apply for Portuguese nationality.
How can I request a residence permit for investment activities? The request for a residence permit for investment begins with the submission of an online application to the online platform of the Foreigners and Borders Service (hereinafter SEF) - Portal ARI (https://ari.sef.pt/), where supporting documents for the Investment, as well as for the Investor and his / her household, if applicable. With this submission, payment of analysis fees must be made to this entity, both by the claimant and family members, and subsequently, a pre-analysis of this request is made by the same. When this pre-analysis is completed, it is possible to schedule a face-to-face interview at SEF, in which the presence of both the Investor and their family members is required to collect the biometric data of the claimants, as well as the delivery of the original documents. , proof of investment. The SEF then proceeds to the final analysis of this application, which, if deferred, will lead to the payment of a final fee for issuing a residence permit, as well as the issue of the respective residence permit
Family Reunification The holders of Golden Residence Permits for Investment Activity have the right to family regrouping, and may gain access to a permanent residence permit, as well as to Portuguese citizenship in accordance to the current legal provisions.
Minimum permanent residency periods For the purpose of renewing the residence permit, the holder must provide proof of the required period of stay (that is, 7 days in the first year and 14 days in the subsequent two-year periods, contacts in an interpolated manner). THIS INFORMATION IS NOT INTENDED TO BE A SUBSTITUTE FOR CONSULTING THE APPLICABLE LEGISLATION Font: Ministério da Administração Interna – Serviço de Estrangeiros e Fronteiras
Engel & Völkers • Comporta Avenida 18 de Dezembro, 7. 7570-779 Carvalhal Phone: +351 265 497 569 • comporta@engelvoelkers.com www.engelvoelkers.com/comporta