Nationals of third countries can now benefit from a temporary residence permit scheme for investment, allowing the to legally aboding in Portugal and freely circulate within the Schengen Area.
Residence Permit for Investment
This regime is especially aimed at people that, personally or through a company, invest in Portugal, for a minimum of 5 years, allowing them, after this period, to apply for permanent residence.
The following are considered investment for the purposes of IRP (Investment Residence Permit):
- Transfer of amounts equal to or above 1 million Euros;
- Creation of at least 5 jobs;
- Purchase of real estate properties worth 350 thousand Euros or more.
Millennium bcp does not guarantee the successful acquisition of the Residence Permit and, as such, the refusal thereof, or of its renewal, shall not constitute a valid reason for any agreement revocation or transaction cancellation whatsoever.
For further information plaese see the site of Serviço de Estrangeiros e Fronteiras.
1 million Euros or above
This requirement may be fulfilled by investing in stock or quotas in companies. Millennium bcp also offers a number of deposit types allowing interested parties to fulfill this requirement, which can be looked up in any Branch.
Millennium bcp shall issue a declaration corresponding to the amount deposited which will support the request the Temporary Residence Permit, or its renewal, to be asked for by the customer befor Serviço de Estrangeiros e Fronteiras.
350 thousand Euros or above
Transfer for the acquisition of participation units in investment funds or risk capital vehicles directed to the capitalization of small and medium enterprises.
200 thousand Euros
The residence permit can also now be obtained in exchange for corporate investments above 200 thousand Euros, in companies under a difficult economic situation, with a recovery plan.
Investment and creation of jobs
In the creation of companies or the strengthening of the share capital of domestic companies, the investment will be of 350 thousand Euros, subject to the creation or maintenance of, at least, 5 permanent jobs, to be certified by Social Security.
Acquisition of property in the amount of at least 350 thousand Euros
This requirement is consided fulfilled upon the proof by the applicant of the acquisition of property in the amount of at least 350 thousand Euros, provided.
Para efeitos de ARI (Autorização de Residência para Atividade de Investimento), qualificam-se como atividade de investimento, as seguintes situações:
- The property to acquire has been built more than 30 years ago;
- The property is situated within a rehabilitation urban area.
For the remaining cases of property investment the minimum being 500 thousand Euros.
Do not hesitate to visit the Millennium bcp Real State website where you can find more opportunities.
Other investment activities
- Scientific Investigation - Investment in the amount of at least 350 thousand Euros.
- Artistical Production - Investment in the amount of at least 250 thousand Euros.
- Recover/Maintenance of the national cultural heritage - Investmentin the amount of at least 250 thousand Euros.
The mandatory acquisition value of property or other investments may be 20% less if carried out in a low density territory (NUTS III) with less than 100 inhabitants per sq Km or a GDP per capita below 75% of the national average.
Millennium bcp does not guarantee the successful acquisition of the Residence Permit and, as such, the refusal thereof, or of its renewal, shall not constitute a valid reason for any agreement revocation or transaction cancellation whatsoever. For further information please consult the Immigration Service of Portugal (Serviço de Estrangeiros e Fronteiras).
For more information, call + 351 21 005 24 24 - (personal assistance from Mondays to Fridays from 08h30 - 22h00 and Saturdays, Sundays and holidays from 10h00 - 22h00 GMT).