THE PORTUGUESE GOLDEN VISA CHANGES as published on the 13th February 2021 will be effective from 1st January 2022

After the Portuguese Governments 2020 State Budget where it was decided to revise the -ARI regime (better known as the “Golden Visa” program), the Decree-Law number 14/2021 was published on Friday 13th February 2021, this Decree establishes the new minimum values and  investment areas applicable to the Golden Visa that will come into effect from the 1st January 2022.

Below is a summary of the changes published:

The minimum value of investment in transfers of capital will be €1,500,000.00 (increased from the current €1,000,000.00 );

The minimum value of investment in transfers of capital into research activities developed by public or private scientific research institutions will be €500,000.00 (increased from the current €350,000.00);

The minimum value of investments aimed at the acquisition of participation units in investment funds or venture capital funds dedicated to the capitalization of companies, will be €500,000.00 (increased from the current €350,000.00);

The minimum value of investment in capital transfer , for the incorporation of companies with head office in the national territory, combined with the creation of five permanent working jobs will be €500,000.00 (increased from the current €350,000.00)

The Reduction in the number of the territories allowed for real estate investment destined for residential purposes, both in investments of €350,000.00 with rehabilitation works and investments of €500,000.00, with investments in the Autonomous Regions of the Azores and Madeira or in inland territories being allowed.