Current Status of the Golden Visa in Portugal In October 2023, Portugal eliminated the possibility of obtaining the Golden Visa through real estate investments and capital transfers. However, other types of investment remain valid, such as: Global Citizen Solutions - Investment in venture capital funds: minimum of €500,000 in funds that support Portuguese companies. - Donation for artistic production or preservation of cultural heritage: minimum of €250,000, or €200,000 if the project is located in low-density population areas. - Investment in scientific research: minimum of €500,000 in Portuguese research institutions. - Job creation: establishment of a company that generates at least 10 jobs in Portugal. - Therefore, despite the restrictions, the program continues to offer avenues for investors interested in residing in Portugal. Arts Investment Option The investment modality in artistic production or preservation of cultural heritage is one of the most accessible options in the program, with a minimum investment of €250,000, or €200,000 in low-density areas. However, it is important to highlight that: - The project must be approved by competent entities, such as the Directorate-General for the Arts (DGArtes) or the Institute for Conservation and Restoration. portugalpathways.io - Approval of these projects can be complex and time-consuming, and there are reports of difficulties in obtaining responses from the responsible authorities. - There is no pre-approved list of projects, which requires the investor to identify and propose a project that meets the established criteria. Final Considerations Although the Golden Visa program in Portugal has been reformulated, it remains active and offers opportunities for investors, including the option of investing in the arts. However, due to the complexities associated with this modality, it is recommended: - Carefully evaluate the requirements and challenges involved in approving artistic projects. - Consider other investment options available under the program that may be more viable. - Consult us, as we specialize in immigration and investments in Portugal for specific and up-to-date guidance.
