Golden Visa Portugal DLAS
About us
DLAS – Dinis Lucas & Almeida Santos – Boutique Law Firm, is a founding member of ASSOCI’ARI, a non-profit associative institution under private law, providing support and cooperation to foreign investors, already residing or intending to reside in Portugal, which incorporation was inspired and motivated by the amendments made to Law no. 29/2012 of 9 August, which constitutes the first amendment to Law no. 23/2007, of 4 July, that regulates the legal entry, stay, exit and removal of foreigners from the national territory, and more specifically, the special system applicable to the granting and renewal of a residence permit, with the waiver of a residency visa, for investment business in the national territory (ARI / GOLDEN VISA), thereby creating the need for the development of an entity focused on the monitoring of those who intend to invest in our country, in order to assist foreign investors and in order to identify most problems on the permit ARI / GOLDEN VISA, and act near the competent authorities to solve them.
In order to develop these activities, DLAS has a specialized department focused on helping all members who wish to obtain the ARI / GOLDEN VISA authorization. Our firm is also specialized in the procedures regarding the residence permit and legal assistance in investments.
In view of the special incentive for granting and renewal of residence for those who aim to invest in Portugal (ARI / GOLDEN VISA), without needing a residence visa, DLAS provides a legal department focused on granting its members an ARI / GOLDEN VISA authorization and providing legal assistance during all the investment process. Therefore, we provide a special service regarding the ARI issuance and the following procedures.
Our legal services include not only the assistance and preparation required during the process for obtaining the ARI / GOLDEN VISA authorization and its renewals for a 5 year period, but also real state purchase (promissory contracts, purchase and sale deeds and the following registration), as well as the incorporation of a Portuguese company for that purpose.
The Golden Visa Portugal is one of the most attractive residence programs in Europe.
Automatic
residence visa
Mobility in the
Schengen Area
Possibility of obtaining Portuguese citizenship
About Golden Visa / ARI
What are the new rules?
Amendment to the minimum requirements for granting a residence permit in order to develop an “investment activity” – set forth in Order 1661-A/2013 – amended by Order 11820-A/2012, of 4 September 2012, which states the general terms and conditions to apply for a special residence permit in order to pursue an investment activity in Portugal.
The new ARI
A special incentive which grants a residence permit for those who wish to develop an investment activity, with exception from a residence permit – was considerably amended by the above mentioned Order, which entered into force on January 29th.
Possible Investments
The most relevant changes are related to the definition and the characteristics of possible investments:
- Transfer of capital includes share investment or share purchase;
- Creation of 10 jobs (instead of the 30 previously required);
Real Estate purchase now includes:
Purchasing under “co-ownership share scheme”, provided that each purchaser invests an amount equal to or above €500.000,00;
Purchasing under a promissory purchase agreement, with an initial deposit equal to or above €500.000,00.
Investment made through a real state purchase includes the possibility of encumbering the properties for an amount above €500.000,00, as well as it includes the possibility of renting and exploring the property for commercial, agricultural and tourism purposes.
The minimum period of time at Portugal required in order to obtain an ARI Visa (+ Schengen area) was reduced to:
– 7 consecutive or alternate days on the first year;
– 14 consecutive or alternate days, on the following two years (previously it was required 30 and 60 days, respectively).
How it works
Investing through a company
The investment activity can be pursuit in person or through a company. The same applies to share capital holders of a company already incorporated in Portugal or other country member of EU, with a fixed place of operation in Portugal and with tax obligations in order.
When creating, at least, 10 jobs, it is required to
Proof of creating 10 jobs and registering the employees with social security.
Updated social security certificate.
Tax regulation
At Portal das Finanças website you may find all the information regarding taxation applicable to non-habitual residents and double taxation agreements endorsed by Portugal:
When transferring capital equal to or above €1.000.000,00, it is required to
Demonstrate to have an investment in the minimum amount required, including stock investment and shares.
Statement issued by a financial institution legally authorized by Portuguese authorities stating the capital transfer to the bank account where the apllicant is the only shareholder or the first shareholder of the investment; or stating the purchase of shares.
Updated certificate of the commercial registration office stating the applicant is a shareholder in a company, or in case of a company listed on Stock Exchange, a document issued by the Portuguese Securities Market Commission (CMVM) or by a financial institution legally authorized by Portuguese authorities stating the ownership of shares; or if a company is not listed on Stock Exchange, a statement issued by the Board of Directors or the Management of the company and an accounting report duly certified stating the ownership and integrity of minimum investment amount required.
When purchasing Real Estate with a purchase price equal to or above €500.000,00, it is required to
Proof the ownership of the properties, which may be:
- Purchase under “co-ownership share scheme”, providing that each co-owner invests an amount equal to or above €500.000,00, or under a promissory purchase agreement, with an initial deposit equal to or above €500.000,00, in which shall be submitted a request to renewal the ARI visa and proof of the purchase;
Real state purchase taxes
- Property Transfer Tax (IMT);
- Stamp duty;
- Municipal Tax over Real State (IMI).
Documents required
- Passport or other valid travel document;
- Proof of legal entry and residency within the national territory;
- Proof of health insurance;
- Application for a criminal record issued by SEF (Foreigner and Border Service);
- Criminal record issued by the country of origin or the country where one has resided for longer than one year.
Other requirements
- Absence of any criminal convictions that may in Portugal be punishable by imprisonment for a period exceeding one year;
- Not being prohibited from entering in Portugal, followed by a removal order;
- Have no record on the Schengen Information System;
- Have no record on the SEF Information System for the purpose of refusing entry.
Frequently Asked Questions (FAQ)
Who may apply?
The nationals of Third Countries, meaning a non-member State of the European Union, and those outside of the Schengen Area, who are pursuing an investment activity either in person or through a company, within the national territory and for a minimum period of five years.
What does the new incentive allows?
It allows the investor and his family to live in Portugal and travel throughout the 27 countries of the Schengen area by holding a residence permit.
Is there a minimum stay in Portugal?
For the purpose of renewal of a residence permit, citizens applying must be seen to have met the minimum period of stay in the country, which is 7 consecutive days in the first year and 14 consecutive or interpolated days in the subsequent two-year periods.
What is the documents required?
- Passport or other valid travel document;
- Proof of legal entry and residency within the national territory
- Proof of health insurance
- Application for a criminal record issued by SEF (Foreigner and Border Service);
- Criminal record issued by the country of origin or the country where one has resided for longer than one year.
What Types of investment that can be made?
- Capital Transfer of an amount equal to or above €1.000.000,00;
- Creation of at least 10 jobs;
- Purchase Real Estate with a purchase price equal to or above €500.000,00
What is family reunification?
The holder of a resident permit for investing purposes may require “family reunification”, which applies to spouse, minor children , including adopted children, couples or one member of the couple which cares for a disabled person, adult children which are single or studying on a Portuguese school and still dependent on the applicant couple or a member of the couple, first degree relatives in the direct ascending line of the applicant (parents) or his spouse, providing they are dependent on the applicant, minor siblings, provided they are under the applicant’s care, according to decision issued by a competent authority from the country of origin, since that decision is recognized by Portugal.
Contact us
Dinis Lucas & Almeida Santos Boutique Law Firm ®
Sociedade de Advogados, SP, RL.
WE [TAKE] CARE
- Av. da República, 50 - 7º A 1050-196 Lisboa
- +351 217 816 010 (Call to national fixed network)
- goldenvisa@dlas.pt