Recently, Portugal issued a new version of the amendment to the Golden Visa Immigration Act, the decree number is Decreto-Lei n.o 14/2021.
The new bill will take effect from January 1, 2022, compared to the previously announced July 1, 2021 extended the time by another half year.
The revised content of the new version of the bill can be summarized as follows: the threshold is raised, and the amount is increased!
① Withdraw the deposit amount above 1.5 million Euro
② Raise the amount of scientific research investment to more than 500,000 euros
③ Raise the fund purchase amount to over 500,000 Euros
④ The amount of the establishment of the company is raised to more than 500,000 Euros
⑤ Residential properties above 500,000 Euros or refurbished residential properties above 350,000 Euros can only be purchased in inland areas, Madeira Islands and Azores.
The biggest impact on Chinese investors is the reduction and restriction of real estate investment scope.
The location of the restricted area for real estate investment is shown in the figure below. Red coastal areas no longer accept immigration applications for home buyers,The yellow area is partially restricted.
The new bill will take effect on January 1, 2022. Immigrant investment applications submitted before then will still be implemented in accordance with the current law After that, the main applicant’s renewal, family reunion application and renewal will not be affected by the changes in the law.
As for the bill to modify the background?
This issue is briefly described at the beginning of the bill. A brief summary is as follows:
① Consider the balance between economically developed areas and economically vulnerable areas such as inland areas
② Let urban residents enjoy decent housing conditions
③ Promote employment
On the whole, the immigration policy for house purchases introduced in 2012 has indeed helped Portugal's economy to get out of the pressure of the financial crisis. It has also stimulated the rise in housing prices to a certain extent, so that the threshold for immigration policies has been raised or even suspended.
With reference to the history of immigration changes in various countries, the "rising, prosperity, tightening, shutting down or drastic modification of immigration policy"< /strong>A few steps are an inescapable cycle in most immigration policies of countries in the world.
Therefore, the reform of Portugal's golden residence program is also inevitable.
Faced with this law, forward-looking and proactive investors must “shift” early to benefit, and “shift” and cherish !
What are the advantages of the Portuguese Golden Visa?
If you go to Portugal to have a child, you can directly naturalize
On November 3, 2020, the President of Portugal formally signed and passed the new "Nationality Law" bill, allowing to hold a legal status in Portugal for one year, Their children born locally can directly become Portuguese citizens.
Become an EU citizen and enjoy EU benefits
Freedom of education-you can study in any EU country and enjoy the advantage of overseas Chinese status
Medical Resources——European Health Insurance Card EHIC, Medical Care for EU Citizens
Pleasant living environment
The land ends here, and the sea begins in Sri Lanka. Portugal is located at the westernmost point of the Eurasian continent and is the starting point of the Atlantic Ocean, with plenty of sunshine all year round and comfortable temperatures .
A leisurely lifestyle
Any cultural activities related to music, theater, opera, art, architecture, numerous festivals and performances, and museum exhibitions can be carried out in Portugal. Life in Portugal without stress is very pleasant.
PORTUGAL
Portugal Golden Residence Card Program
Application conditions
Main applicant: at least 18 years old, no criminal certificate
Associate applicant: spouse, minor or over 18-year-old children, both parents
Purchase a property of 350,000 euros or more
Project advantages
Investment income: freehold property rights + real estate income
Low application threshold: no language, academic qualifications, funding sources, management experience, etc.
Excellent welfare: free top education + medical resources
Immigration benefits: investment by one person, three generations of immigrants
Cyprus
Turkey
Saint Kitts and Nevis
Greece
