Citizenship - Portugal, Golden Visa, Investment

Capital Investment Over 1.000.000 Euro – Rules Changed

For all investors considering to apply for 1.000.000 euro capital investment option, please note that Immigration Department is now restricting the assets in which you can apply the capital. You are able to buy Portuguese companies stocks or leave the money in a time deposit at the bank. All investments to be done in foreign assets will not be accepted. This also involves all investment funds which are located outside of Portugal and investing in Portuguese stocks or Portuguese Investment Funds which are exclusively investing outside of Portugal.

Due to the fact that several Investors when applying for their Investors Visa have choosen to buy sovereign bonds from other countries or by investing in their own investment funds, government is not restricting the options on which you can choose for investment to make sure the spirit of the law is respected.

For those investors which have already performed their investments, Government clarified that will be checking randomly the types of investments they have been doing and in case they do not respect the law spirit will be notified to reconvert their assets. By the time of renewals any investor which holds a capital investment in the bank by using foreign titles, it will be required to reconvert their assets in acceptable investment options in order to have their applications successfully processed.

investmentcapital

 

Standard
Golden Visa

Director and several persons from Immigration Department have been detained for corruption. Several Ambassadors under surveillance.

Several persons that work at Immigration Department, such as Director Manuel Jarmela Palos and Maria Antónia Anes and Antonio Figueiredo the Presidentof National Registry and Notarial Services and other 8 persons from their staff members have been detained by the police after Corruption charges from Public Prosecutor.

They are all suspects of corruption and from exercising influences over the process of golden visa / investor visa and approving several processes without proper conditions. The Division of Special Forces for National Corruption are already investigating this process and Justice Minister have invited all the persons who are damaging the credibility of this program to leave the public service.

Today the Vice-Prime Minister have reinstated that Portugal Investor Program ( Golden Visa ) is extremely important for the country and Portugal economy and everything has to run smooth and without problems. Only in October 2014, a total ammount of 108 million euro have been invested in Real Estate by foreign investors .

There are several Investigations going on about this cases and it is already said that several Ambassadors will be also put under surveillance for the same reasons.

All services at Immigration Department will continue to run as usual and will not be affected. Please note that none of this

 

Manuel Jarmela Palos - SEF Director - Charges of Corruption

Manuel Jarmela Palos – SEF Director – Charges of Corruption

 

 

 

Standard