The government of Portugal has defined the new rules for the Golden Portugal Visa that will apply from 2022. In this way, all applications for a residence permit as Golden Visa Portugal via SEF made in 2021 still follow the current rules. Check the text until the end to understand the changes in the minimum values and the locations in Portugal that can receive the real estate investment.
What are the new rules for the Gold Portugal Visa?
The main changes in the rules for the Gold Portugal Visa are in the minimum amounts required in different categories. But also in the delimitation of specific areas to acquire the Golden Visa via real estate investment.
Current requirements and new rules for the Gold Portugal Visa from 2022
Transfer to Portugal of a minimum capital of €1,000,000.
New rule: Increase in the minimum amount to €1,500,000.00.
Transfer of at least €350,000 to investment funds or capital funds.
New rule: Increase in the minimum value to €500,000
Acquisition of residential property with a minimum value of €500,000.
New rule: The value remains unchanged, but the residential property cannot be located on the coast, Lisbon or Porto. Regions in the interior of the continent or real estate in the Archipelagos of Madeira or the Azores are eligible. Commercial and tourist properties have no restrictions on location.
Purchase of property for rehabilitation, over 30 years old or located in urban rehabilitation areas with a minimum value of € 350,000.
New rule: The value remains unchanged, but the residential property does not it may be located on the coast, Lisbon or Porto. Regions in the interior of the continent or real estate in the Archipelagos of Madeira or the Azores are eligible. Commercial and tourist properties have no restrictions on location.
Minimum investment of €350,000 in scientific research activities.
New rule: Increase in minimum value to €500,000.
Minimum transfer of €350,000 for the incorporation of a commercial company, or for investment in an already constituted society. Creation or maintenance of at least 5 jobs in each case, for a minimum period of three years.
New rule: Increase of the minimum value to €500,000.
Other types of investment remain unchanged
Creation of at least 10 jobs;
Investment of at least €250,000 in artistic production, restoration or maintenance of cultural heritage.
What are the areas in the interior of Portugal for real estate investment for the Gold Visa?
Check out the file with the complete list of cities in mainland Portugal defined by the Portuguese Government and which are eligible for the Gold Visa. Discover all the territories in the interior of Portugal here.
When do the new Gold Visa rules apply?
Decree 14/2021 published on February 12, 2020 by the Portuguese Government determines the date of January 1, 2022 for the beginning of the validity of the new rules of the Gold Portugal Visa.
Retroactive effect and renewal of the Gold Visa Portugal
The definition of the new rules does not prevent the renewal of existing applications for the Gold Visa, or as it is officially known, the Residence Permit for Investment (ARI). Likewise, the change in 2022 still allows for the addition of family members to the applications already made. The new rules of the Gold Portugal Visa will not have retroactive effect for currently registered applicants.
Important to remember on the Gold Portugal Visa in 2021
Interested parties who submit their applications before the end of 2021 will be subject to the old rules, regardless of status on January 1, 2022.
With the new Gold Portugal Visa rules, is it still worth it?
Yes, even with the new Gold Portugal Visa rules, there are still many more advantages.
Although the values have received an increase for 2022, the residence permit that the Gold Portugal Visa guarantees, allows that after 5 years the Portuguese Nationality is acquired.
In addition, this is a modality that does not require a long stay in Portugal. In other words, in the first year, it is only necessary to remain in the Portuguese state for 7 days, and in the following years for 14 days per year.
If we are talking about geographic changes for real estate investment, it is noteworthy that this only occurs for residential properties. With an extensive list of excellent cities, it won’t be difficult to choose a good place to live in Portugal.
But for those who intend to invest in property for tourism or hotels, the entire Portuguese territory is eligible, without any restrictions. In other words, for this modality there are no new rules for the Gold Portugal Visa.