The Portuguese government, after a long analysis of the investment program, has prepared a bill that does not cancel the Portugal Golden Visa route. But corrects the rules for immigration of applicants for an investment residence permit. Thus, the program will continue to operate, but the options for buying real estate (of any kind) or the capital transfer bank deposit option be excluded.
Also, the text of the amendments retains a 20% discount on investments for Portugal Golden Visa in areas with low population density.
It is known that on July 19, 2023, parliamentarians will discuss the amendments and, with a high degree of probability, will introduce them into the final version of the More Housing bill. There is no transition period in the text, which could mean that the law will come into force in early August this year.
However, it is possible to obtain a residence permit in Portugal on other grounds. For example, the HQA Residence program, a residence permit without buying a property, allows investor to temporarily or permanently reside in Portugal and travel around the Schengen countries without visas for 90 days every six months.
The basis for applying to the HQA Residence program is participation in a business incubator or support for universities in Portugal. The total cost of registration on a turnkey basis is €170,000. After obtaining a residence permit by the main applicant, it is possible for dependent family members to join. Spouse, parents, children (unmarried adults are allowed). Although under this program you do not need to buy real estate, you do need a residential address. The status of a residence permit under the program can be maintained for 5 years, subject to the conditions.
There are different options if investor wishes to reside on the South of Europe. To obtain permanent residence status in Cyprus, it is necessary to purchase real estate in the amount of €300,000 and confirm a certain level of annual income.
The Cyprus Fast Track Permanent Residence Permit program is valid for the applicant’s spouse and his unmarried children under 25 years of age. And also, a permanent residence permit in Cyprus can be issued for the parents of the spouses. The status gives the right to reside and open companies in Cyprus and is for investors a kind of pass to the European banking system..
For investors we offer a wide range of Citizenship by Investment Programs to choose from. Please, contact Apex Capital Partners to get more information and ask personal questions. You can get free consultation from Apex Capital Partners on the program of Citizenship of Turkey, Portugal’s Golden Visa. As well as Cyprus, Caribbean (Citizenship of St. Kitts and Nevis, Dominica, Grenada, Saint Lucia, Antigua). Ask your question – firstname.lastname@example.org, email@example.com
If you are a private banking specialist, a family lawyer, or work as a financial consultant in Middle East, Africa, China or any other region of the world, do not hesitate to contact Apex Capital Partners and become a partner, a part of our strong professional network. APEX has all the main local agent licenses to work with Citizenship by Investment Programs, including all key Caribbean CIPs. Please contact – Armand Tannous, firstname.lastname@example.org
Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.
European Citizenship by Investment is becoming increasingly popular across the globe. We will answer the questions where can I get second passport EU and what countries would be interesting for EU citizenship through investment?
The experience of Apex Capital Partners with the real estate market allows us to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.
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