Latest Golden Visa Options from €200K – €500K
On February 16, 2023, the Portuguese authorities announced significant changes to the country’s Golden Visa program. As we move into 2024, it’s crucial for prospective investors to understand the updated options available. Notably, the Cultural Heritage/Artistic Production Golden Visa and non-property Fund Investments remain eligible, while all Real Estate options and the €1.5 million Capital Transfer option have been discontinued.
Below, we highlight all the available Portugal Golden Visa options for 2024 and offer comparative perspectives to help you determine the best fit for your needs.
New Golden Visa Investment Requirements for 2024
Cultural Golden Visa – Cheapest Option
- Investment Amount: €250,000 (or €200,000 if situated in Low-Density Areas – NUTS III)
- Overview: This is the most affordable option, targeting investments in cultural heritage and artistic production. It’s particularly appealing for those looking to invest in areas with less population density.
Portuguese Investment Funds
- Investment Amount: €500,000+
- Eligibility: Real Estate Funds are ineligible.
- Overview: This option focuses on investments in eligible funds that support various sectors of the Portuguese economy. It’s ideal for investors interested in diversifying their portfolios through non-property-related funds.
Job Creation
- Requirement: Creation of 10 jobs.
- No Minimum Investment Amount: No specific investment amount or employment sector prescribed.
- Low-Density Areas: Special provisions for companies in low-density areas (NUTS III).
- Overview: This option is perfect for entrepreneurs and business owners looking to establish or expand their businesses in Portugal. By creating jobs, investors can contribute directly to the local economy.
Company Capitalization
- Investment Amount: €500,000
- Requirements: Create 5 new jobs for 3 years+ or preserve 10 jobs.
- Overview: This option involves investing in an existing company, making it suitable for those interested in business development and job creation.
Research Activities
- Investment Amount: €500,000+
- Overview: Investors can fund research activities carried out by public or private scientific research institutions in Portugal. This option supports innovation and scientific progress.
HQA Visa Program
- Investment Amount: €175,000+
- Overview: Based on the D3 Visa, this program requires a significant contribution to high-quality entrepreneurship activities. It’s designed for those looking to invest in innovative and high-impact projects.
Comparative Perspectives
Each of these options offers unique benefits and caters to different investor profiles. Here’s a brief comparison to help you decide which might be right for you:
- Budget-Friendly: The Cultural Golden Visa stands out as the most affordable option, especially for those targeting low-density areas.
- Diverse Investment Portfolio: The Portuguese Investment Funds option is ideal for investors seeking to diversify without delving into real estate.
- Business Development: The Job Creation and Company Capitalization options are tailored for entrepreneurs aiming to boost local employment and business growth.
- Support for Innovation: The Research Activities and HQA Visa Program options are perfect for those passionate about contributing to scientific research and innovative entrepreneurship.
Conclusion
The revised Portugal Golden Visa program for 2024 offers a variety of investment opportunities ranging from cultural heritage to scientific research. By understanding these options and their specific requirements, investors can make informed decisions that align with their financial goals and personal interests.