Big changes coming to the Portuguese golden visa

Posted on: 24th November 2021 in Citizenship & Residency

The Portuguese golden visa is about to see some big changes. As a result, time is running out to take advantage of the scheme at the current prices.

Changes coming at the start of 2022 will see the minimum investment amounts increase. The areas where you can invest will also be limited. In this article, we look at the upcoming changes to the Portuguese golden visa scheme and their impact on investors.

About the Portuguese golden visa

Since its launch in 2012, the Portuguese golden visa scheme has become one of the most successful in the world. The scheme gives you a fast-track method to secure permanent residency and eventually citizenship in the country. The programme allows non-EU nationals to obtain a visa by investing in Portugal. The programme is also now open to British citizens after the UK officially left the EU at the start of 2021.

The types of investments can include:

Real estate
Capital investments
Employment opportunities

By taking advantage of the programme, you gain access to benefits which include but are not limited to:

Visa-free travel to the Schengen Zone countries
The right to live and work in Portugal
Access to education and reduced tuition fees

You should also note that you can include family members on your visa.

Upcoming changes in 2022

The changes to the Portuguese golden visa scheme will come into effect as of January 1st 2022. The changes affect two areas; where you can invest and how much it will cost to invest.

Where you can invest

The locations where you can invest in real estate will be limited. You will no longer be able to access the golden visa by investing in property in major cities. Popular locations such as Porto, Lisbon and coastal towns will all be excluded. Most parts of the Algarve will still be accessible, which will come as welcome news. For a complete list of areas exempt from the changes, you can find them here on pages 2-4.

Minimum investment amount

The minimum amount required for the Portuguese golden visa is set to increase. The increase will depend on the type of investment you choose to make. The changes are as follows:

Fund investments (includes property): rising from €350,000 to €500,000
Capital transfers: increase from €1 million to €1.5 million
Research and development investments: increasing from €350,000 to €500,000

You should note that none of the changes are retroactive. What this means is, they will not apply to applications submitted before December 31st 2021. However, time is running out for those looking to take advantage of the current programme.

It’s not too late

The changes to the Portuguese golden visa will have a big impact on those looking to take advantage of the scheme. However, it’s not too late to take advantage of the programme before the rule changes come into place.

At Holborn Pass, we provide clients with a bespoke service to secure residency and citizenship in countries worldwide. Our experts work with some of the world’s most trusted investment programmes designed to open up opportunities for you and your family.

To find out how we can help you or to book a consultation with one of our advisers, please use the form on this page.