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Portugal Golden Visa Latest News: January 2024

Hi Everyone,

 

You’ll be pleased to know that the Portuguese government has recently announced that the application period for the Golden Visa (6-18 months), will now count towards the 5-year qualifying period for citizenship. This is excellent news and will significantly reduce the time it takes, to receive your passport and rights to live in the EU.

 

I can confirm that the NHR tax regime has now been withdrawn – however, it remains available for clients who started their move to Portugal in 2023.

 

This year, the Golden Visa program remains OPEN (to avoid any confusion) and in full flow; we’re yet to see any slowdown in new applications, despite the new guidelines implemented in December. The only notable change to the program in 2023, was the removal of property investment as a qualifying option.

 

Investment routes available for 2024 are as follows:

 

Donation to Arts = 250,000 EUR

Venture Capital/Private Equity Fund = 500,000EUR

Donation to Research Activities = 500,000EUR

Company Creation = 10 employees or 500,000EUR + 5 employees

 

The Portugal GV remains the only route to an EU passport, without a minimum 6-month stay at this investment level. For reference, Malta is another option for EU rights whereas we can attain your passport within 18 months. If you would like to explore the Malta GV, please ask and I can email you some reading material.

 

Portuguese venture capital / private equity funds account for the vast majority of new applications, having the largest selection of investment options. Also, it is the only option requiring no active management from the investor, nor a donation to the government.

 

Qualifying funds with incentives such as a fixed return, guaranteed buyback, upfront interest payments and no fees etc are being subscribed quickly. Please let me know if you would like to be notified of upcoming investment funds, prior to public marketing over the coming months.

 

To receive details of our current pre-approved fund list, please check my calendar and schedule a convenient time to discuss your requirements – My Calendly

 

This month, we see two new, market leading investment funds, offering several incentives for qualifying investors. We continue to maintain a 100% success rate, with over 2000 successful applications for Portugal.

 

Next week, I’m hosting a live event “Portugal Golden Visa 2024 – Everything you need to know” to provide all the latest information for this year and to answer questions during a live Q&A. There is no cost to join and it will take place on Thursday 25th January at 6.00pm Lisbon time. For further information and to register, you can click HERE.

 

I’ll continue to share important information with you this year to help keep you up to speed with any changes here in Portugal.

 

Please don’t hesitate to ask if you have any questions and I hope you found this update helpful.

I look forward to speaking with you soon.

 

Best regards

Jason Swan QFA, CeMap

Senior Partner | Holborn Asset

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