On October 8, 2012, a new legal regime was introduced in Portugal allowing citizens of Third States, i.e.
States that are neither members of the EU nor of the Convention that implemented the Schengen
Agreement, to obtain a Portuguese residence permit, subject to said citizens making certain types of
investment in the country. This residence permit goes by the name of Golden Residence Permit or
Golden Visa (Autorização de Residência para Atividade de Investimento or ARI, in Portuguese).
Three types of investments were initially foreseen for the granting of this residence permit: (i) the
transfer of capital amounting to at least 1 million Euros; (ii) the creation of at least 30 jobs or (iii) the
acquisition of real estate property of a cost amounting to at least 500,000 Euros.
Yesterday, Law n. 63/2015, of June 30, was published and which amended Law n. 23/2007, of July 4, as
last amended by Law n. 29/2012, of August 9, which defines the conditions and procedures for entry,
stay, exit and removal of foreign citizens from Portuguese territory, as well as the statute of long-term
resident. The publication of this amendment foresees new types of investment eligible for the granting
of the residence permit, namely the ones listed below:
To continue reading please use the link below: