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Portugal being one of the most distinguished Residency by Investment program across Europe has attracted more than 30,000 families since its launch 7 years ago. Each year the residency demand is increasing along with the number of applications increasing.

With tremendous increase in residency demand, Portuguese government had recently announced noteworthy changes to their Golden Visa Program, which starting from 1st January 2022 will limit many investors to take advantage of the current low investment requirement.

The current most demanded golden visa options leading to Portugal residency are:
• Investing in any real estate property for a minimum Euro 500,000.
• Investing in a 30 years or older rehabilitated property for a minimum of Euro 350,000.
• Investing in a low-density area, rehabilitated property for a minimum of Euro 280,000.
• Funding in an investment fund for a minimum of Euro 350,000.

In reference to above criteria, Portuguese government has announced significant changes implementing from 1st January 2022. These changes have been made financial and location wise. Financial changes will affect the investment fund options. Whereas location changes will impact the real estate options.

Location Changes:
As a result of the changes announced in the location type, the residential units available in Lisbon, Porto, and the Algarve will not qualify for the Golden Visa. Resulting to which the investors will now have to invest in different regions of Azores and Madeira or in Portugal inland territories to claim residency. This change is to encourage foreign investment in rural area of the country.

Investors wanting to invest in the popular region of the Lisbon, Porto, or the Algarve will need to invest and apply for residency in this month itself.

Financial Changes:

As a result of the changes announced, qualifying threshold for real estate investment remains unchanged, however the investment funds which are directly tracked by Portuguese government and resulted for more than 9% of applications submitted last year will increase the qualifying investment from Euro 350,000 to Euro 500,000, leveling it with the higher real estate investment amount.

Investment funds has gained a lot of popularity with the effortless and simple process as compared to real estate investment. Applicants applying via investment funds unlike real estate investment applicants, do not have to travel to Portugal for the initial due diligence. They also have plenty of investment options to chose from and strategies. The investment is much cheaper than the traditional real estate investment.

Investors wanting to take advantage of the fund option and wanting to save additional Euro 150,000 should apply this month.

Contact our experienced experts and apply for your residency today!