“On October 9 2012 the Portuguese government passed a new law that will enable investors from non-EU countries to gain residency if they either transfer one million or more euros in capital into Portugal, form a business that creates a minimum of 30 jobs, or purchase a property to the value of a minimum of €500,000. Dubbed the ‘Golden Passport,’ this new visa will allow non-EU citizens to receive a Portugal visa, permitting them to enter and stay in Portugal assuming at least one form of investment is undertaken for a minimum period of five years.”
