Portugal Cultural Production Golden Visa
The Cultural Production Golden Visa has gained prominence in 2024, offering a cost-effective route to Portuguese residency through investments in cultural projects of national importance. With a minimum investment requirement of €200,000, this program is designed to promote the nation’s art and to preserve its cultural heritage.
How to Apply for Portugal Cultural Production Golden Visa?
To be eligible for the Cultural Production Golden Visa, applicants must adhere to the following criteria:
- Select a pre-approved cultural production golden visa project in Portugal, such as a Portuguese movie, theatre production, or art exhibition. Reach out to us for a comprehensive list of pre-approved cultural golden visa projects in Portugal.
- Invest €250,000 (or €200,000 outside low-density areas) in an “artistic production” project of your choice.
- Submit the required documents, including:
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- Service contract compatible with the cultural activity for a project recognized as of interest to the country, issued by the respective Government department (pre-approval)
- Declaration from the Company carrying out the cultural activity attesting to the fact that the investment was duly received
- Standard Identity documents, proof of funds & no criminal records
Benefits of Applying for Cultural Production Golden Visa in Portugal:
Priced at €200k, it stands as the most affordable pathway to a Golden Visa and subsequent European citizenship. The key advantage lies in the investor’s requirement to complete the stipulated investment in “pre-approved” projects, providing complete peace of mind with government pre-approval.
Additionally, the Cultural Production Golden Visa offers standard benefits such as:
- Inclusion of family members.
- Possibility to maintain residency with minimal stay requirements – 7 days in a year, or 14 days in a block of 2 years.
- Rights to live, work, and study in Portugal.
- Eligibility to apply for Portuguese Permanent Residency (PR) or Citizenship after 5 years.
Disadvantages of Cultural Production Golden Visa:
Originally envisioned as a “donation” route, this option may not be suitable for investors seeking financial returns, as most pre-approved projects do not yield any financial returns. Recognizing this, we’ve partnered with a leading production company to offer a contractual return of the original investment after a 6-year period, providing financial security to investors. Request more info.
For those seeking to further enhance their risk-reward balance, we suggest considering Portugal Golden Visa Funds. Opting for the Golden Visa through fund investment entails a higher investment threshold of €500,000, a notable increase from the €200,000 required for the cultural production route. Click here to explore top investment funds and associated benefits.
How does Cultural Production Golden Visa – Non-donation option work?
Similar to the donation-based option, you invest in a pre-approved project, and the receiving company commits to repaying the original investment after 6 years through a legally binding guarantee contract.
What happens if the Company does not honor the buyback guarantee?
In the event of non-compliance, investors have the recourse to enforce the legally binding contract in a Portuguese Court of Law, ensuring a fair resolution.
To learn more about the Cultural Production Golden Visa of Portugal, please submit the form below.
