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 Took 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 limit where you may invest in real estate to qualify for a Golden Visa. The minimum investment levels stayed the same, but the geographical scope of the eligible locations is constrained.
Residential property for sale in large cities like Lisbon and Porto, as well as coastal regions, is restricted.
Only inland real estate investments, as well as maybe countryside or moderate investment properties, is permitted.
Changes to the Minimum Investment Amounts for the Portugal Golden Visa
- The capital transfer amount rose 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 was increased from €350,000 to €500,000.
- The lowest sum required to form a company rose from €350,000 to €500,000, but the maximum job count remains at five.
When Was the New Portugal Golden Visa Rules Take Impact?
On January 1, 2022, the new rules went into action. Until then, the previous Portugal Golden Visa requirements and restrictions applied. 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 remain the same. Geographical restrictions applied.|
|Job Creation||€350,000 incorporation amount||€500,000 incorporation amount|
|Science and Research Activities||€350,000||€500,000|
What Should Investors Anticipate the New Portugal Golden Visa Rules in 2022?
Shareholders have responded negatively. The redesigned program looks to have opportunities to spread alternative investment options. More investment is anticipated to be distributed to the country’s interior.
What Wasn’t About To Change?
The following investing options remained unchanged:
- Launching a company in Portugal with at least 10 Portuguese workers.
- A donation of €250,000 to the arts & heritage.
Were the Changes to Portugal Golden Visa Effect Previous or Current Candidates?
No, the changes didn’t impact anyone who applied for a Portugal Golden Visa before December 31, 2021.
If you need more information about Portugal Golden Visa and its current rules, you can read our guide above.