The Golden Visa program in Portugal continues to offer residency benefits to foreign citizens, although the qualifying requirements have been adjusted. Recent reports suggest that

while direct real estate investment may no longer qualify for a golden visa, investments in venture capital funds will be eligible.

According to Jornal de Negócios, individuals who invest over 500,000 euros in venture capital funds aimed at supporting business ventures can still obtain residence permits, commonly known as golden visas. Additionally, the same benefits will be extended to those who create a minimum of ten jobs or invest over 500,000 euros to establish or strengthen the share capital of a commercial company, thereby generating at least five jobs or ensuring the retention of at least ten existing positions.

This adjustment expands the options for obtaining golden visas in Portugal, providing alternative investment avenues for foreign citizens seeking residency privileges. The government's decision to include venture capital investments and job creation aligns with their objective to attract investment, foster economic growth, and stimulate entrepreneurship in the country.

As Portugal continues to refine its Golden Visa program, prospective investors and entrepreneurs can explore these new avenues to secure residence permits and benefit from the numerous advantages associated with living and conducting business in Portugal. Photo by Alain Rouiller, Wikimedia commons.