Portugal Delays Golden Visa Changes Until 2022

1
Portugal Delays Golden Visa Changes Until 2022

• https//www.riftrust.com/news-blog/portugal-delays
  -golden-visa-changes-until-2022/

2

• In a surprise announcement, the Portuguese
  Government has confirmed the sweeping changes to
  the popular Golden Visa programme will now be
  delayed until 1st January 2022.

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• The original proposal had changes being
  implemented on 1st July 2021, but with the new
  announcement, applicants will have an additional
  6 months to apply under the current regulations.
  As such, real estate purchased in Lisbon, Porto
  and the coastal areas like the Algarve will still
  qualify for the Golden Visa until the end of the
  year.

4

• The changes are intended to encourage residential
  property investment inland away from the major
  cities. However, it is believed that commercial
  property will still qualify in Porto and Lisbon
  such as the rehabilitation into hospitality
  projects at the 350,000 investment level and
  280,000 real estate rehabilitation into
  hospitality projects in the non-urban areas.

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• For applicants unable to proceed this year, on
  1st January 2022 the minimum investment
  thresholds will be raised as follows
• The acquisition of residential property with a
  value equal to or over 500,000 and the
  rehabilitation of such properties at the
  350K/280K option will only be allowed when the
  dwellings are located in the Autonomous Regions
  of the Azores and Madeira or inland territories
  (outside Lisbon, Porto and Algarve)
• Capital transfers equal to or greater than
  500,000, for the acquisition of investment units
  in investment funds (Venture Capital Option is
  increasing from 350K)
• Capital transfer in the amount equal to or higher
  than 500,000, which is applied in research
  activities developed by public or private
  scientific research institutions, integrated in
  the national scientific and technological system
  (Donation Option)

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• RIF Trust's COO David Regueiro welcomes the
  announcement, many of our clients were feeling
  rushed with the July deadline given the state of
  the global pandemic. The additional six months is
  already being well received with our clients from
  around the world. RIF Trust has a wide range of
  qualifying 280K, 350K and 500K real estate
  options for clients to choose from.
• For more information on the Portugal Golden Visa,
  please contact us today.