Third-country citizens who conduct an investment activity, as an individual business person or through a company set up in Portugal or in another EU member state, and who, in addition, are stably settled in Portugal, provided these citizens fulfill the quantitative requirements and the time requirements set out by the relevant legislation, they may apply for a resident permit for investment. This is by one of the following routes the creation of, at least, 10 job positions. Regarding the creation of jobs, these have to be created in Portuguese territory. The nationality of the workers is not relevant. Furthermore, the applicant must present supporting evidence in which he has made the investment of the minimum amount required, individually or through a shareholder limited liability company of which the applicant is the shareholder. The following documents must be submitted: declaration of a credit institution authorized or registered in the national territory within Bank of Portugal, attesting the effective transfer of the amount equal to or above the legally required; individual contracts of employment between the employer and the employees; extract from the register of companies, in the case where the investment is made through a shareholder limited liability company, of which the applicant is the shareholder, as for in no. 13 of Article 65-A of the Regulatory Decree no. 84/07, of 05/11, as amended. For investment by means of the creation of at least 10 jobs, this requirement may be reduced in 20 percent (eight jobs) when in a low-density territory (NUTS III level with less than 100 inhabitants per Km2 or PIB per capita less than 75 percent of the national average).
How does Portugal define jobs created for businesses that will grant Golden Visa residency?
I want to set up a business in Portugal but some of the jobs may be remote jobs for people outside the country. Can those count toward my minimum job requirement? Do the jobs have to go to EU or Portuguese citizens?