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WHAT IS THE PORTUGUESE GOLDEN VISA?

Golden Visa is a type of residence permit that allows entry and stay in Portuguese territory without the need for a residence visa.

Foreign citizens, who intend to invest in Portugal or carry out an investment activity (personally or through a company incorporated in Portugal), can apply for Golden Visa.

As for investment, can be made in any of the following possibilities:
  • Capital transfer in the amount of 1 million euros or more;
  • The creation of at least 10 jobs (no minimum investment amount is required), in any business area;
  • The acquisition of real estate with a value equal to or greater than 500,000 euros;
  • Acquisition of real estate, whose construction has been completed at least 30 years ago or located in an urban rehabilitation area and carrying out a renovation in the total amount equal to or greater than 350,000 euros;
  • Capital transfer in the amount equal to or greater than 350,000 euros, which is applied in research activities carried out by public or private scientific research institutions, integrated with the national scientific and technological system;
  • Capital transfer in the amount equal to or greater than 250,000 euros, which is applied in investment or support to artistic production, recovery or maintenance of cultural heritage, through services of central and peripheral direct administration, public institutes, entities that integrate the public sector business, public foundations, private foundations with public utility status, inter-municipal entities, entities that integrate the local business sector, municipal associative entities and public cultural associations, which pursue tasks in the area of ​​artistic production, recovery or maintenance of the national cultural heritage;
  • Capital transfer in the amount equal to or greater than 350,000 euros, intended for the acquisition of investment units in investment funds or venture capital funds dedicated to the capitalization of companies that are formed under Portuguese legislation, whose maturity, at the moment investment, is at least five years and at least 60% of the value of the investments is made in commercial companies based in the national territory;
  • Capital transfer in the amount equal to or greater than 350,000 euros, destined to set up a commercial company, combined with the creation of five permanent jobs, or to reinforce the social capital of a commercial company with headquarters in national territory, already in activity, with the creation or maintenance of jobs, with a minimum of five permanent jobs, and for a minimum period of three years.
Upon approval of the Golden Visa, a residence permit is granted for an initial period of 1 year, but with the possibility of renewal for periods of 2 years.

The main advantages of the Golden Visa in Portugal are:
  • Enter Portugal with no residence visa required;
  • Reside and work in Portugal, and must at least stay in Portugal for a period of not less than 7 days in the first year and not less than 14 days in the following years;
  • Circulate through the Schengen Area, no visa required;
  • Benefit from family reunification;
  • Request, after five years, the granting of Permanent Residence Authorization or the acquisition of Portuguese nationality, by naturalization, complying with the other requirements required by the Nationality Law, namely sufficient knowledge of the Portuguese language.
Golden Visa meets the opportunity to invest in Europe with the possibility of residing in Portugal, one of its most emblematic countries and with the most stable borders throughout history.

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I AM AN E.U. CITIZEN, HOW CAN I REGISTRATE IN PORTUGAL?

To make your registration in Portugal, you only have to apply for a Certificate of Registration of Citizen. The Certificate of Registration of Citizen of the European Union must be requested by any citizen of the European Union, Iceland, Liechtenstein, Norway, Andorra and Switzerland, wishing to remain in Portugal for a period exceeding three months. The request can be made to the City Hall, in person by completing a statement and delivering the necessary documents. The application can also be made by a lawyer, as long as he has the necessary powers to act on your behalf.

WHAT IS A TRADEMARK AND WHAT DO I NEED TO DO TO REGISTER IT IN PORTUGAL?

A trademark is a sign that identifies products or services that exist or is going to be launched in the marketplace. Trademarks enable us to distinguish a company’s products or services from those of other companies. A trademark can comprise letters or words (verbal trademark), but may also be composed of pictures (pictorial trademark), or both (mixed trademark). It is also possible to register sounds as trademarks (recorded graphically on staves - sound trademark), as well as three-dimensional shapes (three-dimensional trademark). Trademarks can also be made up of advertising slogans, independently of any Copyright protection they may enjoy. If the trademark is pictorial or contains a mix of words and pictures, you need to attach a picture of the trademark for publication in the Industrial Property Bulletin. This should be on A4 paper, no larger than 8cm x 8cm, and no smaller than 3cm in at least one of its dimensions. The image for publication should be of good technical quality

DEBTS TO BE RECOVERED IN THE COURTS REACH THE EUR 7.2 BILION

The enforcement proceeding (debt recovery through the courts) has been considered one of the major problems in Portuguese justice and also one of the barriers to the development of the Portuguese economy. In 2013 the cases for legal collection amounted EUR 5.6 billion, regarding 201,000 enforcement proceedings lodged in the courts. Between January and April 9 this year, 38,924 cases were filed, valued at EUR. 1.6 billion. Portuguese courts have pending something like EUR 7.2 billion to collect, which corresponds to 4.3% of GDP.

NUMBER OF NEW COMPANIES RISES

Business formation with new businesses having been started in Portugal went up in 2017. Over 3,687 new companies were registered in Lisbon (14.5% more than in 2016), while Porto registered 7,107 new firms (5% up on the previous year). On the other hand, business failures in Portugal fell 12.7% in 2017 compared with 2016 to 6,284, while the number of new companies being set up rose 9.1%, to 40,465. Lisbon and Porto saw the highest number of bankruptcies – 1,683 and 1,330 respectively, but these were still 2.4% and 15.4% lower than in 2016.

HOW TO SUCCESSFULLY COLLECT A DEBT IN PORTUGAL

To evaluate the chances to successfully collect a debt in Portugal, one should ask the following main six questions: 1 - Is the debt business or consumer related? Business-related debts often have more chances to receive an immediate positive response than consumer debts. So if the debtor is a company, there are more chances of collecting the debt, unless de company is insolvent or out of business. 2 - How old is the debt? The age of the debt is critical. Despite the fact that in Portugal the period of limitation is 20 years, the older overdue invoices are, the more difficult it becomes to collect. 3 - Are there documentation to support the debt?  To make a strong case towards the debtor, and to start legal actions to enforce payment of overdue invoices or a contractually agreed payment, it is mandatory on file the documentation that supports the claim. Supporting documentation regarding the debt may consist of contracts, invoices, order forms, order confirmations, debt acknow