It is possible to switch investment types during your Golden Visa residency, but it's crucial to consider the implications.
Yes, you can switch investment types during your Golden Visa residency in Portugal, but there are specific conditions and procedures to follow:
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Approval of New Investment: Any new investment must meet the requirements set by the Golden Visa program. For example, if you initially invested in real estate but wish to switch to another qualifying investment, such as capital transfer or job creation, you must ensure that the new investment complies with the program’s criteria.
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Maintain Minimum Investment Threshold: You must continue to meet the minimum investment threshold required for the Golden Visa. For example, if you switch from real estate to a different investment type, you must ensure that the new investment meets or exceeds the required amount.
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Update with SEF: You must notify the Serviço de Estrangeiros e Fronteiras (SEF), the Portuguese Immigration and Borders Service, about the change in investment. You will need to provide documentation and evidence of the new investment to ensure it complies with the Golden Visa requirements.
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Adhere to Program Conditions: Switching investment types does not alter your obligation to fulfill the other conditions of the Golden Visa, such as maintaining the investment for the required period and meeting residency requirements.
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Consult with Legal Experts: It is advisable to consult with legal experts or specialized agencies to guide you through the process of changing investment types to ensure compliance and avoid any issues with your residency status.
In summary, switching investment types is permitted under the Golden Visa program, provided that the new investment meets program requirements and is properly documented with SEF.