DISCLAIMER: This infographic is updated until March 30th, 2017. Although great care has been taken when drafting this infographic,Ricardo da Palma Borges & Associados (RPBA) - Sociedade de Advogados, S.P., R.L. does not accept any responsibility whatsoever forany consequences arising from the use of the information contained herein. The information is provided solely for general purposes,cannot be regarded as legal or other advice. It is strongly recommended to take professional legal advice appropriate for your casebefore making any decisions.

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Portuguese Golden Visa

Portugal wi l l soon introduce new means to obta in the Golden Visa:

► Investment in cultural or scientific research:

A m i n i m u m o f €3 5 0 , 0 0 0 .

► Rebuilding or renewal of urban properties:

P u rc h a s e o f a p r o p e r t y p l u s r e b u i l d i n g o r r e n e wa l c o st s to ta l i n g a

m i n i m u m o f €5 0 0 , 0 0 0 .

OR

OR

► Investment in less favoured region:

P u rc h a s e o f a p r o p e r t y i n a r e g i o n w i t h a l o w p o p u l a t i o n d e n s i t y

( l e s s t h a n 1 0 0 , 0 0 0 h a b i ta nt s p e r k m 2 ) o r w i t h a G D P 7 5 % o r l e s s

t h a n t h e n at i o n a l av e ra ge , w i l l b e n e f i t f r o m a 2 0 % r e d u c t i o n i n

t h e c r i te r i a r e l at i n g t o r e a l e state . T h i s r e d u c e s t h e r e q u i r e d

p r o p e r t y i nv e st m e nt va l u e t o €4 0 0 , 0 0 0 .

The or ig inal opt ions to obta in the Golden Visa remain unchanged:

► A minimum investment in Portuguese real estate of €500,000;

OR

► The capital transfer of at least €1,000,000 to a Portuguese

bank account or to a Portuguese company;

OR

► The creation of at least 10 jobs.

Enhanced t ransparency of the Golden Visa procedures:

► Mandatory tax description:

W h e n t h e i nv e st m e nt i s i n r e a l e state i t w i l l b e c o m p u l s o r y to

p r o v i d e t h e t a x d e s c r i p t i o n o f t h e p r o p e r t y. T h i s i s t o c o m p a r e t h e

a c q u i s i t i o n va l u e o f t h e p r o p e r t y w i t h i t s t a x va l u e .

► Mandatory tax description:

A n ex te r n a l a u d i to r n o w r e v i e w s G o l d e n V i s a a p p l i c at i o n s .