On February 12th, 2021, the long-awaited details about the modifications to the Portugal Golden Visa 2022 were released.
Suspension of Golden Visa Portugal Changes Will Take Place in 2022
Changes to the Portugal Golden Visa were provided in February 2020, giving the government the ability to make changes. The guidelines were released by the Portuguese government in February 2021.
Portugal Golden Visa Changes 2022
Changes to the Way of Obtaining a Portugal Golden Visa by Real Estate Investment
The changes will limit where you may invest in real estate to qualify for a Golden Visa. The minimum investment levels will stay the same, but the geographical scope of the eligible locations will be constrained.
Residential property for sale in large cities like Lisbon and Porto, as well as coastal regions will be restricted.
Only inland real estate investments, as well as maybe countryside or moderate investment properties, will be permitted.
Changes to the Minimum Investment Amounts for the Portugal Golden Visa
- The capital transfer amount will rise from €1 million to €1.5 million.
- The investment fund’s lowest amount would rise from €350,000 to €500,000.
- The minimum investment for research and innovation will be increased from €350,000 to €500,000.
- The lowest sum required to form a company will rise from €350,000 to €500,000, but the maximum job count will remain at five.
When Will the New Portugal Golden Visa Rules Take Impact?
On January 1, 2022, the new rules will go into action. Until then, the current Portugal Golden Visa requirements and restrictions will apply. As a consequence, future applicants can invest in Portugal using the current investment amounts.
|2021 Minimum Amounts||2022
|Capital Transfer||€1 million||€1.5 million|
|Real Estate||€500,000 / €350,000 (urban renovation)||The amounts of the program will remain the same. Geographical restrictions will be applied.|
|Job Creation||€350,000 incorporation amount||€500,000 incorporation amount|
|Science and Research Activities||€350,000||€500,000|
What Are You Doing Before the Golden Visa Portugal Changes?
If you’re planning to:
- Invest in property in Lisbon, Porto, or along the seaside, or
- Make a €350,000 investment in a fund.
Then you must act quickly.
Before the deadline of December 31st, 2021, you must have filed your Golden Visa application. It tends to take time to acquire and apply. As a result, the sooner you begin, the better.
What Should Investors Anticipate the New Portugal Golden Visa Rules in 2022?
Shareholders have responded negatively. The redesigned program looks to have the opportunities to spread alternative investment options. More investment is anticipated to be distributed to the country’s interior.
What Isn’t About To Change?
The following investing options will remain unchanged:
- Launching a company in Portugal with at least 10 Portuguese workers.
- A donation of €250,000 to the arts & heritage.
Will the Changes to Portugal Golden Visa Effect Previous or Current Candidates?
No, the changes will not impact anyone who applies for a Portugal Golden Visa before December 31, 2021. However, keep in mind that the process of application might take a long time, so you’d best hurry.
If you need more information about Portugal Golden Visa and its current rules, you can read our guide above.