Portugal Job Creation Golden Visa 2024
Don’t want to invest in a Golden Visa Fund? If you’re looking for a hard asset backed option, the Portugal’s Job Creation Golden Visa could be just what you’ve been looking for…
KEY PROGRAM DETAILS…
Done-For-You Creation of 5 Jobs For 3+ Years (Priority Sector)
Hard Asset Backed Project: Real Estate And Equity
De-risked Alternative To GV Funds – Multiple Proven Income Streams
5% Projected Yield P.A. (Payable At End Of Year 7)
Clear Exit Strategy After End Of Year 7
Done-For-You Program: No Active Business Involvement Required
Despite the Real Estate and Bank Deposit options no longer being available, the Portuguese Golden Visa Program still offers various investment options in 2024:
€500K
CREATE 5
JOBS
Passive Option: Done-For-You
€500K
INVESTMENT FUND
Private Equity/
Venture Capital
€250K
FUND ARTISTIC PRODUCTION
Non-Refundable Donation
And the €500,000 Job Creation track is perhaps the most overlooked option of them all…
More than 95% of Golden Visa applicants to date have opted for the real estate option, and hence the entire industry focussed on this category. The removal of this option paved the way for Private Equity and VC Funds taking center stage as of 2023.
The problem with the fund route, however, is that not every Golden Visa applicant feels equipped to make a decision about investing in these financial instruments.
So while the Cultural Golden Visa’s traction – either by investment or donation – remains limited still, the often overlooked job creation track looks set to become a lot more interesting going into 2025.
WHAT ARE THE JOB CREATION REQUIREMENTS FOR PORTUGAL’S GOLDEN VISA?
Whilst there is no minimum prescribed investment amount for the 10-job option, creating 10 full time positions under Portuguese labor law can be quite challenging for unassisted foreigners.
The 5-job option requires a capital transfer of €500,000+ towards:
- The incorporation of a Portuguese company combined with the creation of 5 permanent jobs; OR;
- Investment in an existing company combined with the creation of 5 permanent jobs or maintenance of 10 jobs,
…For a minimum period of 3 years.
One pioneering project in the Golden Visa By Job Creation space offers a highly compelling alternative to conventional Golden Visa Funds, which, by their very nature, carry a significant amount of risk.
Focused renewables and alternative energy solutions for the hospitality sector, and collaborating with two Portuguese universities, this technology company facilitates postgraduate sustainability research and technology development in areas such as:
- CleanTech solutions for the hospitality sector.
- Ubiquitous computing solutions (supporting the delivery of best-in-class guest experiences, and data-driven wellbeing enhancement)
- Wearables and vital sign monitoring solutions (to be deployed in senior care facilities)
- Renewable electricity production and storage
- Next-generation construction techniques and energy-efficient insulation solutions
- Smart water drainage and treatment solutions
- BioAgriculture
- Reduction of water usage
- Domotics (i.e. SmartHome Technology)
All research jobs will be created within a rural Portuguese technology company purpose-built to help foreign investors meet the Job Creation Golden Visa’s requirements. Research will be conducted under the auspices and supervision of two Portuguese Universities, and the technologies developed will be deployed on-site as part of the job creation project.
Investors in the project will become co-owners of the research company’s productive assets, as well as the intellectual property developed during the research process.
Why Choose The Job Creation Option Over A Golden Visa Fund In 2024?
ASSET BACKED
The Research Company owns significant assets acquired at below-market value, and can deliver stable, predictable income.
FUTURE PROOF
The Real Estate option drew criticism for not delivering tangible socio-economic benefit. The impact of job creation is indisputable.
DONE-FOR-YOU
The €500,000, 5-job option is a 100% passive investment – literally every aspect of this Golden Visa project is taken care of by area experts.
GUARANTEED BUY-BACK OPTONS
A limited number of guaranteed buy-back options are offered, with early exits negotiable (and subject to penalties)
CLEAR EXIT STRATEGY
Participants enjoy a clear exit strategy as of the end of Year 7, with the option to maintain their investments beyond this point.
LOWER COSTS
The program features a flat-fee structure that costs up to 50%+ less than VC Fund management fees (over circa 6 years).
A Look At Belmonte, Castelo Branco
(40.3511° N, 7.3409° W)
A Look At The Project Location…
A win-win deal for you, your family, and the country.
By investing in high-priority job creation and renewables solutions in your new “other home” country, you can lock in the optionality and lifestyle benefits of a Portuguese Plan B, AND get your family on a clear path to Portuguese permanent residency and citizenship after 5 years.
And best of all, you can do so without the need to invest €500,000 into financial instruments you may not fully understand.
If you’d like to learn more about this exciting, high social-impact project, get in touch below.