The Portuguese government approved the Golden Visa Law No. 14/2021, which was officially published in the Government Gazette.
Under the new rules, the amounts associated with “investment activities” for real estate and capital investments will be increased. This decision was made to overcome regional differences, improve the quality of life and sustainable development in rural Portugal.
“Investment activity” means any activity, carried out personally or through a company, which results in the transfer of capital and for a minimum of five years.
Under the new rules:
- The acquisition of property worth at least 500,000€ is only permitted if the dwellings are located in the autonomous regions of the Azores and Madeira or inland. This is increased from a minimum of 280,000€/ 350,000€.
- Investments in capital transfers will also increase for bank deposits or government bonds) to 1.5 million € (from 1 million €)
- Capital transfer of 500,000€ or more, which is applied in research activities carried out by public or private research institutions integrated into the national scientific and technological system;
- Capital transfers of 500,000€ or more for the purchase of investment units in investment funds;
- Capital transfers in an amount equal to or exceeding 500,000€ for the establishment of a commercial company with a registered office in the national territory.
