PORTUGAL GREEN VISA
The Green Visa is a new investment category just launched by the Portuguese government as part of its Golden Resident Permit Programme (GRPP). The GRPP, also known as the Portugal Golden Visa, is a residency-by-investment programme that allows non-EU citizens to make a capital investment into Portugal and receive a five-year residency visa.
Other EU countries including Spain, Malta, Greece and Cyprus run similar programs.
To be eligible for a Green Visa you need to make an investment of €500,000 in environmental projects.
The extended investment residency programme requires investment into areas ranging from non-intensive organic agriculture and ecotourism to renewable energies and other environmental projects.
Specific areas of eligible investment include:
- Ecotourism Projects: promotion and development of projects and investments in ecotourism.
- Organic Farming Investments: promotion and development of non-intensive organic farming initiatives.
- Renewable Energies Projects: investments that focus on self-consumption with energies derived from renewable sources that are governed by Decree-Law 153/2014, by Ordinance No. 14/2015 and Portaria nº 15/2015.
- Carbon Neutral Investments: active contribution to the implementation of the Roadmap to Carbon Neutrality.
- Renewable Energy Investments: investments that focus on self-consumption with energies derived from renewable sources that are governed by Decree-Law 153/2014, by Ordinance No. 14/2015 and Portaria nº 15/2015.
- Energy and Renewables Projects: development of projects with demonstrably high standards of energy and a mandatory consumption level of 75% or more for energy derived from 100% renewable sources.
“The approval of the Green Visa will serve to reinforce Portugal’s role in attracting international ecological investment, while simultaneously ensuring the transition to a circular and carbon-free economy” like has said André Silva, leader of PAN (People , Nature, Animals) that has lodged the Green Visa proposal.
It is look ahead to that the addition of this new residency visa category will support the achievement of the Portuguese Government’s National Roadmap For Carbon Neutrality 2050. The strategic roadmap seeks to prioritise the deep de-carbonisation of the Portuguese national economy, recognising carbon neutrality as a current, international and cross-generational imperative.
The Portugal’s purpose is to increase the investment in ecological areas with projects with high standards of energy efficiency.
Sources : biznews.com – theportugalnews.com – goldenvisas.co.za – reuters.com – imidaily.com – urhomeportugal.com
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