Turn of events for Portuguese Golden Visa

The Government is considering the continuity of the Gold Visa Program in Portugal, without real estate investments or the transfer of capital.

How will it then be possible to obtain the Gold Visa in Portugal?

Some of the already-known conditions remain, namely

• The creation of at least 10 jobs;
• Capital transfers equal to or higher than 500 thousand euros for investment funds or venture capital funds;
• Capital transfers equal to or higher than 500 thousand euros to be applied in scientific research activities; and
• Capital transfers of no less than 250 thousand euros for artistic production or recovery/maintenance of Portuguese cultural heritage;
• Capital transfers equal to or higher than 500 thousand euros, aimed at the incorporation of a business registered in Portugal, combined with the creation of five permanent jobs; or to increase the share capital of a given company registered in Portugal that is already established, with the creation or maintenance of jobs (a minimum of five permanent jobs, for three years).

The Parliament is expected to vote on these new terms on 19^th of July.