Paulo Portas made changes to the system of residence permits for the Investment activity.
The investment of not less than 350,000 euros in research activities carried out by public or private institutions will allow the allocation of visas ‘gold’, according to the new amendments to the scheme disclosed this Monday.
Changes to the residence permits of the regime for investment activity (ARI ) were presented on Monday by Deputy Prime Minister Paulo Portas.
The reform of the system provides for the granting of residence permits the transfer of capital in the amount of not less than 350,000 euros applied in research activities carried out by public or private institutions of scientific research, integrated into the scientific and technological system.
In addition, it is expected also the possibility of granting residence permits the transfer of capital ” in the amount of not less than 350,000 euros “applied to” investment or supporting artistic production, recovery or maintenance of assets, ie culture, “said the governor.
The new system also includes the granting visa ‘gold’ for the purchase of the property with “realization of urban rehabilitation works” in the amount equal to or above 500 thousand euros.
“We will propose a positive discrimination for investments which are in territories low density, ie, NUT III with less than 100 inhabitants per square kilometer or GDP [gross domestic product] ‘per capita’ [per capita] less than 75% of the national average, “he said.
The current assignment ‘seen gold’, created under the Residence Permit Program for Investment Activity in Portugal (ARI), is made by three requirements: acquisition of property value of not less than 500,000 euros, transfer of capital in the amount not less than one million euros and creating at least 10 jobs.
The residence permit for foreign citizens who make large investments in Portuguese territory is one of the measures has been advocated by the deputy prime minister and leader of the CDS-PP to attract capital to Portugal.
Visas’ gold ‘has been at the forefront after last November, the police investigation’ Operation Labyrinth ‘have led to the arrest of five 11 defendants, including several senior executives of state, as President of the Institute of Registration and Notary, Antonio Figueiredo, the national director of Aliens and Borders Service (SEF), Manuel Palos Jarmela , and former secretary-general of the Ministry of Justice, Maria Antonio Anes, suspected of various illegal practices such as corruption.
Miguel Macedo resigned from the post of Minister of Internal Affairs, on the grounds that its authority had been diminished.
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