Portugal Opening its Doors to Investors from around the Globe and offering Golden VisasBy Kerstin Buechner Dias • Jan 18th, 2013 • Category: Property News & Info
It is now possible for people from around the world to obtain Residency in Portugal and thereby the EU by investing in Portugal. The General Principles: With the introduction of this mechanism it is now possible for a temporary residence permit to be granted without the need to first obtain a residence visa if the foreign national, personally or through a company, makes an investment that leads to the creation of at least one of the following situations in Portugal:
(A) Transfer of capital in an amount equal to or greater than EUR 1 000 000 ;
(B) Creation of at least 30 jobs; or
(C) Acquisition of real estate of a value equal to or greater than EUR 500 000.
This is of course great news for international investors wishing to come to Portugal and the EU, but closer to home this could be great news for our local property market!
To read the full article published by PLMJ, one of Portugals leading law firms please click here