The Portuguese Immigration Services (SEF) have released the statistics of the Golden Visa programme up to the end of April 2017. These latest numbers show that the total investment brought by the programme has now passed 3 bn Euro.
According to these statistics, there were a total of 5,003 investors and 8,130 family members approved up to the end of April 2017, with the vast majority of investors still selecting property as their qualifying investment.
It is important to note that just in 2017 alone there were already over 801 investors approved, which is a clear indication of the strength of the programme and its continuing success among international investors looking for residency and citizenship solutions.
segunda-feira, 22 de maio de 2017
sexta-feira, 19 de maio de 2017
Portuguese Government announces new Golden Visa investment options
The Portuguese Government has announced a new bill to promote investment in local companies, which will include including three changes to the
Golden Visa programme.
In accordance with the announcement of 18th May, the Government is aware that currently 99% of Golden Visa applicants has selected property as qualifying investment and consequently the new measures that will be put in place are aimed at diversifying the investment types, with a special emphasis on investment in Portuguese companies and national entrepreneurship.
The need to capitalize and promote in Portuguese small and medium-sized companies, which are the great engine of our economy, may not imply large financial investments but can be decisive not only for the economic recovery of such companies, but also for the establishment and incorporation of
new companies, stressed the Minister of Internal Affairs, Ms Constanca Urbano de Sousa.
According to the new measures, it will be possible to
obtain a residency permit for applicants who make business investments of at
least 200,000 Euro in companies facing a difficult economic situation with
a recovery plan in place.
It will also be possible to apply with an investment of 350,000 Euro in the incorporation of new companies or in the strengthening of the share capital of Portuguese companies provided that five permanent jobs are created or
maintained.
The third change announced by the Portuguese Government is the reduction from 500,000 Euro to 350,000 Euro of the investment in funds
aimed at capitalization of Portuguese companies.
The specific details of these changes will now be published in the Official Gazette and are expected to come into force soon. Our team at EDGE International Lawyers will advise and inform once these changes are officially published.
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