Portuguese Golden Visa New Minimum Investment Requirements (Audio)
Portugal has reduced the minimum investment required for its Golden Residence Permit Program, slashing the minimum investment amount from 500,000 to 350,000.
The changes make the Portuguese investment residency program one of the cheapest in Europe. At present, the cheapest residency program is offered by Greece, a country fast losing its popularity among wealthy investors due to its economic instability.
Under the Portuguese Golden Visa Program, a candidate is required to make a minimum investment of 350,000 in the real estate market. Alternatively, the candidate can also transfer an amount one million Euros into a local Portuguese bank, or create at least 10 local jobs in the country.
Along with slashing the Portuguese Golden visa minimum investment requirement, other changes have also been introduced in the Golden Visa Program. The required investment of 350,000 can now be channelled into research activities as well. Other options include making an investment of 500,000 in the capitalisation of small or medium enterprises, or a lower amount of 250,000 into a national heritage project or an artistic production.
A recent report has described Portugal's residency program as one of the 'best' in the world. Portugal's location in...