The €350k Investment Fund for Golden Visa is still possible
The Golden Visa is a Portuguese residence program through investment, in which holders can obtain a temporary residence permit with no need for a visa to enter Portugal, EU or the Schengen Space, enjoying the free movement of people.
This is what the law states now regarding the investment funds, as an eligible type of investment: "Capital transfer in an amount of € 350,000 or superior, intended for the acquisition of investment units in investment funds or venture capital funds dedicated to the capitalization of companies, which are incorporated under Portuguese legislation, whose maturity, in the time of investment, be at least five years and at least 60% of the investment catalogue is based in the national territory."
The new rules regarding the Portuguese Golden Visa will come into force on the 1st January 2022 and the big change will be the raise of the current minimum amount of investment from €350,000.00 to €500,000.00.
As we are reaching the deadline to submit the online application at the immigration office platform, this route seems to be the cleanest, easiest, and fastest way to make it before the end of the year.
The investor will only need to get a Portuguese Tax ID number (NIF), open a bank account in a Portuguese bank, choose the Investment Fund and transfer the amount of investment. When compared to the real estate investment, the time, bureaucracy, and the expenses involved in the investment fund route, are much lower.
At L.V.P. Advogados we can support you with all the necessary steps, so do not hesitate to reach us at
info@lvpadvogados.com
