Portugal Cultural Golden Visa 2024: Artistic Production / Cultural Heritage Preservation Projects
Not comfortable investing €500,000 in a VC or Private Equity Fund to get your Portuguese Golden Visa?
By making a contribution of €250K to Artistic Production or Cultural Heritage Preservation in Portugal you can meet the Portuguese Golden Visa’s requirements.
And while most Cultural Golden Visa projects are currently donation based, we anticipate having the first for-profit opportunities available within months.
Find out more about this exciting Golden Visa track below, or contact us now for a free consultation.
Legal Basis: Order no. 2360/2017 of 20 March; Law no. 63/2015 of 30 June
Official Program Guidance: Click Here
Visadoro Founder and CEO, Jose Mineiro, pioneered the for-profit Cultural Golden Visa By Film Investment concept during 2021.
Whilst the market response to the product has been jaw-droppingly positive, challenges pertaining to project approvals have thus far prevented the for-profit Cultural Golden Visa from becoming Portugal’s top-selling Golden Visa option.
(Although we anticipate these challenges being resolved in the near future, given the recent change of Portuguese administration.)
Discover just a few of the reasons more prospective Golden Visa applicants are choosing the Cultural Production / Artistic Heritage Preservation option over Venture Capital (VC) and Private Equity (PE) funds in 2024…
Significantly lower capital outlay (€250K vs €500K).
The only GV option offering a government pre-approval step.
Clear path to Portuguese permanent residency and citizenship.
Applications submitted to Cultural Ministry by an authorized public entity – NOT by lawyers or service providers.
To enquire about latest approved cultural projects available, contact us now.
Why Choose The Cultural Golden Visa?
THE ULTIMATE PLAN B
Portugal ticks the boxes for safety, affordability, weather, culture, cuisine and a laid-back lifestyle.
CHEAPEST GOLDEN VISA
Priced at only €250K, far more foreign families can afford to apply for this Golden Visa.
VISA-FREE TRAVEL
Enjoy visa-free access to all of the other Schengen Countries for 90 out of 180 days.
LOW MINIMUM STAYS
On average, you’re only required to visit Portugal for 1 week per year during your first 5 years of temporary residency.
LOCAL EMPLOYMENT ALLOWED
Unlike in Greece, where Golden Visa holders cannot seek local employment, you can do so in Portugal.
SOCIO-ECONOMIC IMPACT
Your supports of artistic and cultural initiatives in Portugal has a powerful socio-economic impact.
PATH TO CITIZENSHIP
Provided you meet the stay requirements and speak Portuguese at A2 Level, you can apply for Portuguese citizenship after 5 years of residency.
BIRTHRIGHT CITIZENSHIP
Future children born in Portugal after you have held legal residency in the country for one year will automatically become Portuguese citizens.
DUAL CITIZENSHIP ALLOWED
You don’t need to give up your native citizenship(s) and passport(s) to become a Portuguese citizen.
How the Cultural Golden Visa Program works…
According to existing program guidance issued by SEF (now AIMA), in order to meet the requirements for the Artistic Production / Cultural Heritage Preservation Golden Visa, you have make a:
Capital transfer on the amount equal to or above €250,000 for investing in artistic output or supporting the arts, for restoring or maintenance of the national cultural heritage, through local and central administration services, public institutions, public corporate sector, public foundations, private foundations of public interest, network local authorities, local corporate sector organisations, local associations and public cultural associations, pursuing activities of artistic output, and restoring or maintenance of the national cultural heritage.
[And]
The amount of this investment may be reduced in 20% (200 thousand euros) when in a low density territory (NUTS III).
This definition means that a wide array of project, including film and cultural festival sponsorships, museum and theater restoration projects, as well as feature film and theatre productions could all potentially be eligible for the Cultural Golden Visa.
It is also worth noting that this definition would cover both non-refundable donations and contributions where a financial return could reasonably be expected.
In practice, however, the vast majority of projects approved under the Cultural Golden Visa track, to date, have been donation based projects…
Portugal’s Latest New Golden Visa Options Compared (2024)
| Key Program Considerations | Highly Qualified Activities Residency (D3 Visa) Fee/Sunk Cost |
Artistic Production Golden Visa (D9 Visa) Donation |
VC/PE Fund Golden Visa (D9 Visa) Investment |
Job Creation Golden Visa (D9 Visa) Investment |
|
|---|---|---|---|---|---|
| Minimum Capital Outlay | €150K | €250K (€200K NUTS III) | €500K | €500K | |
| Contribution Type | Fee – Sunk Cost | Donation (Typically) | Investment | Investment | |
| Minimum Hold Period | N/A – Sunk Cost | N/A | 5 Years+ | 5 Years+ | |
| Capital Guarantee | N/A | N/A | Some underwritten fund options exist | Some options exist | |
| Family Eligible | Yes | Yes | Yes | Yes | |
| Path To PR and Citizenship | Yes | Yes | Yes | Yes | |
| Basic Portuguese Proficiency Required For Citizenship | Yes – Level A2 | Yes – Level A2 | Yes – Level A2 | Yes – Level A2 | |
| Governmental Approval Step Before Capital Is Committed | No | Yes | No | No | |
| Minimum In-Country Presence Requirements | Flexible, based on the in-country stay exceptions rule. period of residence. | 7 Days per year (on average): 7 days during Year 1. 14 days during each subsequent 2-year period of residence. |
7 Days per year (on average): 7 days during Year 1. 14 days during each subsequent 2-year period of residence. |
7 Days per year (on average): 7 days during Year 1. 14 days during each subsequent 2-year period of residence. |
Why Choose To Work With Us?
Pioneers of the Artistic Production Golden Visa AND the €400K Rural Job Creation Golden Visa
We have THE most affordable Portuguese Residency By Investment product suite
A seasoned team of Portugal Golden Visa experts based in Porto, Obidos and Belmonte
We offer a choice of investment (asset backed), donation, and fee-based options
Extensive experience in serving the needs of British, American and Canadian applicants
Many of us are émigrés, and hence understand the exact challenges you may encounter.
JOSE MINEIRO, VISADORO FOUNDER & CEO
About Mr Jose Mineiro
Secure Your Portugal Job Creation Golden Visa For Less in 2024. Contact Us Now To Get Your Application Started
VISADORO GOLDEN VISA:
BELMONTE OFFICE
ADDRESS: Rua Fernão de Magalhães, 122, 4425-709, Maia
PHONE: +351 918 196 577
EMAIL: hello@visadoro.com
WEB: www.visadoro.com