Why a Portuguese Golden Visa?
The Portuguese Golden Visa scheme enables non-EU individuals to obtain the right to reside in Portugal for up to five years. This allows them and their family to travel freely to and from the majority of European countries.
A Portuguese Golden Visa can lead to permanent residence and/or Portuguese citizenship and the right to a EU passport at the end of the fifth year of being classified as resident in Portugal.
To qualify for a Golden Visa, an individual must meet and maintain one of a number of qualifying investment options, as specified by the Portuguese Government. One of the investment routes is the acquisition of real estate with a value of at least 500,000.
This has proved popular for a variety of applicants. House prices in Portugal rose 3.3% in the first three months of 2019, compared to the last quarter of 2018; settling at 1.849 per square metre. This is an increase of 17% year-on-year. However, it might be prudent to consider alternative investment options as well.
A Portuguese Venture Capital Fund
Applicants might find it preferable to invest in a Portuguese Venture Capital Fund rather than in real estate. This could provide a more economically stable alternative option to obtain residency and the ability to work in Portugal, if desired.
The advantages of investing in a Venture Capital Fund:
It provides a lower investment option in terms of the amount required It could offer the advantage of a higher return on the investment No stamp duty tax No transfer tax The specific criteria for investing in a Venture Capital Fund is:
A minimum investment of350,000 in...