The new Decree-Law was published on 12/02/2021 any foreign investor will still be able to acquire the residence permit concessions through the Golden Visa system without any changes, fulfilling the same requirements and minimum amounts demanded previously.
What will change:
1) For investment in real estate for services purposes
Currently, it is possible to invest in real estate in any area of Portugal as long as the investor's process is submitted before January 1, 2022.
After that, they will be limited to the areas on the autonomous regions of Azores and Madeira as well as the territories of inter-municipal communities of the Interior (CIM's) which include major urban centers and the coast of the country.
The reason for this change according to the council of ministers is "to favor the promotion of foreign investment in low-density regions, namely in urban requalification, cultural heritage, activities of high environmental or social value, productive investment and job creation."
There was no change in the values for purchase of the property or urban rehabilitation works, thus maintaining the minimum amount of € 500,000.00 for purchase, and for rehabilitation, for housing purposes, the minimum amount will be € 350,000.00.
2) Capital Transfer:
The possibility of applying for the Golden Visa through capital transfer will change to a minimum investment of 1.5 Million (currently 1M) and as previously stated should consider the current values of the Law
In the same segment, but for investment application for scientific research activities whether developed by public or private institutions, the amount will increase from 350,000.00 to 500,000.00
In the case of investment for the incorporation of a company, with the creation of five permanent jobs, or to increase the share capital of a Portuguese commercial company, the amount increases from € 350,000.00 to € 500,000.00.
The minimum investment amount when transferring capital to acquire stakes in investment funds or venture funds is increased from € 350,000.00 to € 500,000.00;
Why acquire the Golden Visa?
The benefits are many, essentially because it is a simplified and privileged way to enter and stay in Portugal, and in this way, allows its holder to establish residence and invest in the country and also to create links with Portuguese territory and other territories that are related through the "Schengen Area" and, eventually, to countries that have established privileged international agreements.
Initially, this authorization is given for a period of 5 years, during which the requirements for its attribution must be maintained, with minimum periods of permanence in the national territory during the years in which the authorization is valid. After this period, there is the possibility of renewal for another 2 years.
Despite the new rules that were created it has a transition period and this is the right time to still benefit from a visa to stay in Portugal and that later on, if certain requirements are met, it may be possible to accept an application for Portuguese nationality or a request for permanent authorization.