02/23/2021 | News release | Distributed by Public on 02/23/2021 05:22
What is new?
Decree-Law no. 14/2021, of February 12th, 2021, changes the immigration legal regime. This amendment limits the granting of Residence Authorizations for Investment (ARI), better known as 'Gold Visas', in the metropolitan areas of Lisbon and Porto and in the territories of Intermunicipal Communities (CIM´s) on the coast, which are excluded ARI application in the case of investments in housing real estate.
The acquisition of real estate, with a value equal to or greater than € 500,000, and the acquisition and execution of urban rehabilitation works, in a global amount equal to or greater than € 350,000, which are intended for housing, continue to allow access to this regime, but only when they are located in the Autonomous Regions of the Azores and Madeira or in the interior territories.
With this change there is also an increase in the values that involve 'investment activity'. Thus, the following values are considered: capital transfer in an amount equal to or greater than € 1.5 million; capital transfer in the amount of € 500,000 or more, which is applied to research activities carried out by public or private scientific research institutions, integrated into the national scientific and technological system; capital transfer in an amount equal to or greater than € 500,000, intended for the acquisition of investment fund units; capital transfer in an amount equal to or greater than € 500,000, intended for the constitution of a commercial company with headquarters in national territory.
The new regime comes into force on January 1st, 2021 and is applicable to all Residence Permit for Investment (ARI) application required after its entry into force. It is clear that the new regime will not affect renewals for residence permits issued before new regime.
Should you have any questions and for more details, please contact the following for assistance:
Santa Fe Relocation
Email: [email protected]
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