Serviço de Estrangeiros e Fronteiras

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ARI - Residence permit for investment activity

​​​What is requi​red:

The rules governing the granting of Residence Permit for Investment (ARI / Golden Visa), in force from 8 October 2012, enable third country nationals to obtain a temporary residence permit to conduct business activities with visa waiver to enter national territory. The beneficiaries of ARI / Golden Visa are entitled to: 

• Residence visa waiver for entering Portugal; 
• Living and working in Portugal, on condition that they stay in Portugal for a period of 7 or more days, in the first year, and 14 or more days, in the subsequent years; 
• Visa exemption for travelling within the Schengen Area; 
• Family reunification; 
• Applying for permanent residence (pursuant to the Aliens Act – Act number 23/2007 of 4 July with the current wording );
• Applying for Portuguese citizenship, by naturalization, provided all other requirements set out by the Nationality Act are fulfilled  (Act number 37/81 of 3 October, with the current wording);
 

Eligibility – Who may apply? 

All third country citizens who conduct an investment activity, as an inpidual businessperson or through a company set up in Portugal or in another EU Member State and who, in addition, are stably settled in Portugal, provided these citizens fulfil the quantitative requirements and the time requirements set out by the relevant legislation, may apply for a Residence Permit for Investment, by one of the following routes:

All third country citizens who conduct an investment activity, as an individual businessperson or through a company set up in Portugal or in another EU Member State and who, in addition, are stably settled in Portugal, provided these citizens fulfil the quantitative requirements and the time requirements set out by the relevant legislation, may apply for a Residence Permit for Investment, by one of the following routes:

i. Capital transfer with a value equal to or above 1 million Euros;
ii. The creation of, at least, 10 job positions;
iii. The purchase of real estate property with a value equal to or above 500 thousand Euros;
iv. The purchase of real estate property, with construction dating back more than 30 years or located in urban regeneration areas, for refurbishing, for a total value equal to or above 350 thousand Euros;
v. Capital transfer with a value equal to or above 350 thousand Euros for investing  in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system;
vi. Capital transfer with a value equal to or above 250 thousand Euros for investing  in artistic output or supporting the arts, for reconstruction or refurbishment of the national heritage, through the local and central authorities, public institutions, public corporate sector, public foundations, private foundations of public interest,  networked local authorities, local corporate sector organizations, local associations and public cultural associations, pursuing activities of artistic output, and reconstruction or maintenance of the national heritage;
vii. Capital transfer of the amount of 350 thousand Euros, or higher, for the acquisition of units of investment funds or venture capital fund of funds dedicated to the capitalisation of companies, capital injected under the Portuguese legislation, whose maturity, at the moment of the investment, is, at least, of five years and, at least, 60% of the investments is realized in commercial companies with head office in national territory; 
viii. Capital transfer of the amount of 350 thousand  Euros, or higher, for constitution of a commercial society with head office in the national territory, combined with the creation of five permanent working jobs, or for the reinforcement of the share capital of a commercial society with head office in national territory, already existing, with the creation or keeping of working jobs, with a minimum of five permanent jobs, and for a minimum period of three years.

Portuguese, EU and EEE nationals are not eligible for the ARI / Golden Visa scheme.

 

Where may I apply?

Mandatory Online pre-registration is available at http://ari.sef.pt.

For more information, please contact SEF’s Contact Centre, available from 09:00 to 17:30, through the numbers – 808 202 653 (fixed network) or 808 962 690 (mobile network).

What is required to apply?

Documents and conditions for applying / renewing your ARI according to the type of investment: 

This information is being updated please consult the Portuguese version​ and ARI Manual 

i) Capital transfer with a value equal to or above 1 million Euros ​​
Initial application (PDF)
Renewal (PDF)

ii) Creation of, at least, 10 job positions
Initial application (PDF)
Renewal (PDF)

 

iii) Purchase of real estate property with a value equal to or above 500 thousand Euros
Initial application (PDF)
Renewal (PDF)

iv) Purchase of real estate property, with construction dating back more than 30 years, or located in ‘urban recovery areas’ for refurbishing, for a total value equal to or above 350 thousand Euros
Initial application (PDF)
Renewal (PDF)

v) Capital transfer with a value equal to or above 350 thousand Euros for investing  in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system
Initial application (PDF)
Renewal (PDF)

​vi) Capital transfer with a value equal to or above 250 thousand Euros for investing  in artistic output or supporting the arts, for reconstruction or refurbishment of the national heritage, through the local and central authorities, public institutions, public corporate sector, public foundations, private foundations of public interest,  networked local authorities, local corporate sector organizations, local associations and public cultural associations, pursuing activities of artistic output, and reconstruction or maintenance of the national heritage
Initial application (PDF)
Renewal (PDF)

vii) Capital transfer of the amount of 350 thousand Euros , or higher, for the acquisition of units of investment funds or venture capital fund of funds dedicated to the capitalisation of companies, capital injected under the Portuguese legislation, whose maturity, at the moment of the investment, is, at least, of five years and, at least, 60% of the investments is realized in commercial companies with head office in national territory;

To be regulated

viii) Capital transfer of the amount of 350 thousand Euros, or higher, for constitution of a commercial society with head office in the national territory, combined with the creation of five permanent working jobs, or for the reinforcement of the share capital of a commercial society with head office in national territory, already existing, with the creation or keeping of working jobs, with a minimum of five permanent jobs, and for a minimum period of three years.

To be regulated

​Family Reunification
Requirements and Documents (PDF)

What is the cost?

Fee​​s​ (PDF​)

Additional Information

Statistics (PDF)

Applicable Law

The Aliens Act - Law n. 23/2007 of 4 July (as subsequently amended) 

Regulatory Decree n. 84/2007 of 5 November (as subsequently amended) 

Decree n. 305-A/2012, of 4 October

For further information, please consult:

Portuguese Immigration and Border Service [Serviço de Estrangeiros e Fronteiras - SEF]

Ministry for Foreign Affairs [Ministério dos Negócios Estrangeiros - MNE]

Development Agency​ [Agência para o Investimento e Comércio Externo de Portugal - AICEP]​​​​​