Golden Visa / Residence Permit by Property Acquisition
Beneficiaries of RPs for Investment Activity can be those who invest, personally or through a legal entity and meet the requirements set by the existing legal framework, company executives (up to 10) and family members. The duration of this RP is 5yrs and can be renewed for an equal duration. The Family members’ RP expires upon the sponsor’s RP expiration. The definition of “investment activity” sets no restrictions on sector or location, but requires the activity to have a positive impact on the national development and economy. Factors taken into account are job openings, promotion of domestic resources, export orientation, innovation and adoption of new technologies. Also, there are not any specific limits set for the investment cost, however, it should be at least €250,000.00.
The main peculiarity of this RP is that the investor must enter the country by holding a VISA (type-D) that requires a criminal record certificate to be provided. Also, a detailed presentation of the investment project including company details, budget, and structure, timetable, forecasted results for the first 5 years and information of the applicant in relation to the contribution to the investment, is needed. Finally, when reaching the stage of applying for RP a positive assessment of the investment by the Directorate for Foreign Capital at the Ministry of Economy and Development is required.