The government of Portugal has announced a new visa category aimed at international investors and teleworkers : the “Heritage Visa”which refers to one of the pathways of its evolving Golden Visa Program which allows non - Europeans to obtain a visa and residency by investing in the country supporting artistic production, recovery, maintenance of the national cultural heritage in Portugal rehabilitating historic homes in villages located in rural areas and suffering from depopulations.
After curbing real estate routes in major cities, Portugal is promoting rural areas encouraging investment in low - density region via job creation, cultural heritage, research funds, venture capital, sustainable agriculture (like farmland) aiming to redirect funds to less developed areas for social benefits.
Unlike traditional golden visas, this program focuses on urban regeneration and the preservation of traditional architecture, offering tax benefits and permanent residency to those who demonstrate a commitment to the development of the local economy and the cultural preservation of the interior regions.
The program has already aroused the interest of communities of architects and artists fron Brazil and in the United States, who see in the quaint and remote villages of Portugal an opportunity to develop creative hubs.
The Portuguese Ministry of Tourism hopes that this initiative will help balance the tourist pressure suffered by cities like Lisbon and Porto, diverting capitals towards inland tourism.
This strategic move not only seeks to attract foreign exchange, but also to rejuvenate the social fabric of rural areas, turning them in relevant attractions and investors and developers into custodians of Portuguese heritage for the next decade.
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