The Portuguese government has recently announced the creation of a new special Residence Permit regime, called the Residence Permits for Social Investment.
What does it involve?
This initiative, informally known as the “solidarity golden visa,” aims not only to attract foreign investments but also to contribute to the integration and support of immigrants in Portugal. An investment of €250,000 grants the right to a temporary residence permit for investment activities, with exemption from the need for a residence visa to enter national territory. This amount will be invested in “equipment and infrastructure to support the reception and integration of immigrants in vulnerable situations,” as presented in the Action Plan for Migration.
Key Features:
- Temporary Residence Permit
This visa allows investors to obtain a temporary residence permit in Portugal, facilitating entry and stay in the country without the need for a residence visa. - Investment Requirement
Applicants must invest €250,000 in the Asylum, Migration, and Integration Fund (AMIF), aimed at supporting social projects focused on accommodation, integration, and assistance to vulnerable immigrants. - Eligibility and Application
Available to citizens of third countries, this visa focuses on financial contributions to social causes rather than traditional investments such as real estate. Additional details on the application procedures will be presented to Parliament by the end of the year. - No Need to Purchase Assets
Unlike traditional Golden Visas, this visa does not require the purchase of real estate or other assets, being exclusively directed towards social investments.
Recommendations from Reis & Pellicano
Navigating these changes can be complex. At Reis & Pellicano, our legal team is here to provide comprehensive guidance on the Residence Permit for Social Investment and other migration issues. We can help you understand the new regulations, prepare your application, and ensure compliance with all legal requirements.
