Portugal has introduced new investment fund option with a minimum investment of 350,000 euros to qualify for the golden visa scheme.
According to SEF Immigration and Border Office, foreign investors from outside EU qualify for golden visa by acquiring investment fund
vii. Capital transfer of the amount of 350 thousand Euros, or higher, for the acquisition of units of investment funds or venture capital fund of funds dedicated to the capitalisation of companies, capital injected under the Portuguese legislation, whose maturity, at the moment of the investment, is, at least, of five years and, at least, 60% of the investments is realized in commercial companies with head office in national territory;
Tiago Camara and David Machado from ptgoldenvisa.com explained in an interview to World Finance,
From 2018, you are able to invest €350,000 in a Golden Visa qualified investment fund, which is fully regulated by the Portuguese Stock Exchange Market, and audited by third party companies. This option comes free of taxes and is focused on the bottom line investment, creating a very fast and interesting solution with high returns.
PTGoldenVisa is working on a basis of a close collaboration to implement the first fund in Portugal qualified for Golden Visa. It’s sustained in two major criteria, which we fully share 100 percent of the strategy vision: first, invest in real estate easy to resell; and second, invest in real estate easy to rent out. This investment fund is managed with a safe approach to market, without leverage.
In Nov 2017 Portugal made amendments to Law n. º 23/2017 of 4 July by introducing two categories and startup visa:
- Entry into the national territory for seasonal work, by the issuance of a short-term visa specific for working hours of less than 90 days, and those interested keep their place of residence in a third State;
- Introduction of two new categories of investment for the granting of the residence permit for investment (ARIs): the transfer of capital for the constitution of companies or for the reinforcement of the company’s share capital already existing and the transfer of capital dedicated to investment of companies, which are submitted to the process of corporate recovery (PER). Moreover, the reduction of amounts less than those previously required of capital transferred for the acquisition of units in units of investment funds or of venture capital dedicated for the capitalisation of small and medium-sized enterprises which, for that purpose, present their viable capitalisation plan;
- Startup Visa – Decree Order n. º 344/2017 of 13 November attracting all new business models, connected to technology and innovation, offering residence permit to entrepreneurs
- Introduction of new type of residence permit, a special regime for the delocalisation of companies of other Member States to Portugal, in which one can recognise the resident status assigned by other Member State to its holders, administrators and workers;
