Portugal Golden Visa: New Focus on Cultural Investments
The Portugal Golden Visa program, introduced in 2012, offers residency permits to non-EU citizens through various investment options. Recent changes have simplified investment paths and clarified requirements. Now, cultural heritage projects can qualify with a minimum investment of €250,000.
The Portugal Golden Visa program has evolved over time. Originally, it included options like capital transfers and real estate investments. However, as of October 2023, these paths have been removed. Now, the program focuses on investments that support the country's economy and culture.
One such option is the Cultural Investment Option. It requires a €250,000 investment in artistic production or cultural heritage preservation. This option offers a 20% discount, reducing the investment to €200,000 if the activities take place in low-density population areas. The Investment Fund Option, requiring a €500,000 investment in private capital or venture capital funds, remains an alternative.
Both options lead to residency permits. After five years of investment and residency, applicants can begin the path to citizenship. The clock starts ticking from the date of the first residency application, regardless of approval date. Inclusion of up to three family members is allowed within an investment.
The Portugal Golden Visa program has streamlined its investment paths to focus on cultural and economic growth. The Cultural Investment Option, with its reduced investment and discount, encourages support for Portugal's cultural heritage. With careful consideration of personal circumstances and long-term goals, non-EU citizens can benefit from this program, potentially leading to residency and citizenship.
