As it is already known, this special residence permit, also called Golden Visa, will be offered to investors, who fulfill certain conditions.
Under those conditions were to make at least one of the following investments:
a) Capital transfer with a value equal to or above 1 million Euros
b) The creation of, at least, 30 job positions
c) Purchase of a property with a value equal to or above 500 thousand Euros
It was further referred that the applicant had to fulfill the minimum stay periods in Portugal, which are 30 days in the first year and 60 days in the following periods of two years, in order to request the renewal of the Golden Visa.
On January 29th of 2013, the changes to those conditions became effective. It has gotten even better.
Finally, the changed requirements are:
a) Capital transfer with a value equal to or above 1 million Euros
• The capital transfer now includes investment in shares or shares of companies.
b) The creation of, at least, 10 job positions
c) The purchase of a property can be done under the following conditions:
• In joint ownership, since each joint owner invests equal to or above 500.000€.
• Through a promissory purchase agreement, subject to a deposit equal to or above 500.000€.
• The investment through acquisition of immovable property includes the possibility of encumbering it, as long as the value is higher than 500.000€.
• The property might also be used for leasing or commercial, touristic and agricultural purposes.
The minimum stay periods in Portugal for the renewal request were changed to:
a) 7 days in the first year, whether these days are consecutive or not
b) 14 days in the following periods of two years, whether these days are consecutive or not.
