RESIDENCY FOR NON-EU NATIONALS VIA INVESTMENTS

On 9 October 2012 and 27 September 2013, the Portuguese and Spanish Governments approved therespective Golden Visa legislation, opening doors to international entrepreneurs, and simplifyingentry and stay procedures in Portugal and Spain for non-EU nationals.

Non-European citizens are granted residence permits if they invest a minimum qualifying amount ofhalf a million euros in Portugal or Spain, providing them a residence visa for the first year plus furtherperiods residency (during 5 years, until receiving the permanent Visa on the 5th year - in Portugal andindefinite renewable residence permits every two years - in Spain).

To qualify for these permits it is necessary that the investment is maintained and that the investorstravel to:

◦ Portugal - 7 days in the first year in Portugal, and 7 days per annum or alternatively 14 days between the 2ndand 3rd year, and the same applies for the 4th and 5th year.

◦ Spain - at least once within each period of validity of the residency permit.

Investors may formally apply for residence permits for themselves and for their immediate family: spouse anddescendants under 18 years old or over 18, if they are not capable of providing for their own needs due tohealth problems.

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This Golden Visa allows investors to move freely within the Schengen Area, of which Portugal and Spainare a part and which comprises 26 countries: Austria, Belgium, Czech Republic, Denmark, Estonia,Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg,Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Spain, Sweden and Switzerland.

The possibility of moving throughout the most part of Europe is of great interest to non-EU nationals, asis the fact that investors benefitting from this law will enjoy Portuguese or Spanish residency withunlimited travel and stay in Portugal or Spain, whilst remaining tax residents in their country of origin.

Golden Visa applications are granted by the respective Institutions in each country - SEF – Service ofForeigners and Borders in Portugal and DI - Directorate of Immigration, in Spain.

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The alternative types of minimum qualifying investments are:

Portugal Spain

Property Investments:

Acquisition of real estate – urban or rural properties - with a minimum value of €500,000. The investment can be comprised of: One property in an amount equal to or above €500,000. Several properties in an amount equal to or above €500,000One or more properties as co-owner in an amount equal to or above to €500,000

Acquisition of real estate – urban or rural properties - with a minimum value of €500,000. The investment can be comprised of: One property in an amount equal to or above €500,000. Several properties in an amount equal to or above €500,000One or more properties as co-owner in an amount equal to or above €500,000

Capital Investments:

Transfer of funds equal to or above €1,000,000 into Portuguese financial entities.

Investment of an amount equal to or above €2,000,000 in Spanish Public debt government securities or investment of an amount equal to or above €1,000,000 in representative titles of share capital of Spanish companies or transfer of funds equal to or above €1,000,000 into deposits in Spanish financial entities.

Business Project:

Set up a company and hire at least 10 employees.

Presentation of a business project to be developed in Spain, which is considered to be of general interest (as so qualified by a favourable formal opinion issued by the territorially competent “Financial and Commercial Bureau”), and which complies with at least one of the following requirements: Creation of jobs Realization of an investment with relevant socioeconomic impact in the geographic area where it will be operating . Relevant contribution for scientific and/or technologic innovation

INVESTMENT

PUBLIC BONDS(>= €1,000,000 in Portugal or

€2,000,000 in Spain)

BANK DEPOSITS IN PORTUGUESE OR SPANISH BANKS (>=€1,000,000)

SHARES OF PORTUGUESE OR SPANISH COMPANIES (>=€1,000,000)

BUSINESS PROJECT

CAPITAL

REAL ESTATE (>=€500,000)

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In Portugal acquisition of real estate has to be done by the applicant, while in Spain it may bedone by a foreign-based company provided that it does not have its registered office in a “taxhaven”, as so recognized by the Spanish law and provided that the investor holds the majority ofthe company’s share capital or is able to appoint and dismiss the majority of its directors.

Properties should be acquired prior to initial permit request, free from any charges, loans ormortgage, with the sole exception of the possibility of encumbering the property (e.g. mortgage)in such a manner that the minimum amount of €500,000 of the initial investment is notencumbered.

A property can be sold during the residency period, but a new one has to be bought sinceresidency permits will be granted for as long as the investment threshold of €500,000 ismaintained.

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Valid Passport and travel documents to prove presence in the Portuguese or Spanish territory, respectively.

Updated property documents and registration evidence for ownership of property and absence of encumbrances and documents proving the payment of the price and payment of applicable taxes.

Proof of means of income (for the investor and family members).

Fiscal number in Portugal and Spain.

An account in a local bank that issues a statement to confirm the amounts transferred.

Valid health insurance for each person applying for the residency permit from a public or private insurance Company authorized to operate in Portugal or Spain.

Criminal record certificates both from the countries of residence (during the past year in Portugal and past 5 years in Spain).

Absence of notice and/or alerts from countries with which Portugal or Spain have treaties.

Payment of the applicable fees for the issuance of the residence permit.

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We offer a tailor-made service, that includes:

PERSONAL TREATMENT

We will pick our clients up from the airport

We will arrange hotel accommodation

We will manage transport facilities

We will help our clients find the best international schools, universities and degree programmes for their family.

We will help them take out the best health insurance policy.

PAPERWORK

Application and submission of the initial residence visa.

Application and submission of the following residence permits.

Managing of all paperwork

Client accompaniment to the Local Authorities when necessary.

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INVESTMENT INFORMATION

Selection of the best investments – real estate, capital shares in Local

companies, bank deposits, etc. according to our customer’s needs. We will

arrange all banking transactions such as opening current accounts, deposits,

mortgages, etc.)

Full legal advice and support

Tax advisor and Fiscal representative

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REAL ESTATE ADVICE AND PERSONALIZED SUPPORT

We are independent. We look for the best properties and conditions for our client negotiating the best prices in order to get the maximum return.

We work with top real estate agencies and real estate developers, as well as directly with owners.

We select the best properties all over Portugal or Spain

We will take our clients to visit the properties they select

We will help them to get the best mortgage conditions, over the €500,000 required.

We offer our expertise on managing properties: marketing and leasing, already leased properties, drawing up of rental agreements, landlord/tenant relations, etc.

We will find and take care of any services our clients may need: movers, domestic help, maintenance, electricity and gas suppliers, remodelling, design, etc.

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GEV is a recently founded Company focused on facilitating Golden Visas to non-EU national investors. Our first andprincipal commitment is to improve our client’s life, giving them a personalized treatment, and contributing to thedevelopment of their businesses.

GEV was created based on the opportunity arisen from clients asking for the Golden Visa and Tax legislation, who required our services in new markets.

GEV is an independent consulting firm whose senior managers have a proven track record in Golden Visa services for more than 1 year in Portugal and Spain, as well as expertise of more than 20 years in the real estate and financial sectors, international consulting and the capacity to give expert advice on investments.

Our team of multilingual professionals based in the two countries will give advice to our clients in different languagessuch as Portuguese, Spanish, English, Russian and French. For other languages, we will look for interpreters if necessary.

The team has the culture of developing a close working relationship with clients with the aim of offering valuable and continuous advice to clients.

We are driven by our entrepreneurial spirit, integrity and partnering with clients. We emphasize our promise to servicing clients as if they were ourselves, which has proven to be the best way to develop our business and maintain our reputation.

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Our Executive Management team includes:

Victor Artola (CEO Spain), previous 20 years working in international banking, currently CEO of GEV Spain and of FCB&A Spainwhere he carries out M&A, Corporate Finance and international trade transactions as well as consulting. He has been advisor andboard member of several national and international organizations such as, NOSCIRA (BIOTECH), XYLATEL, TRITON CAPITAL,FLIGHTECH SYSTEMS EUROPE among others. He is also Founder and Director of the CAICO FOUNDATION, a non-profit organizationcommitted to children suffering from cancer.

Gonçalo Almeida Garrett (CEO Portugal), 1 year experience with Golden Visa and former CFO amongst others at Prebuild andNovopca in Sochi, Russia, holding on-site exclusive responsibility for the local project and developing relationships with the Russianpartners.

Pilar Bilbao (General Manager Spain), 15 years as a Manager at Real Estate Developers such as PLATYA and VITYLO. Areas s ofexpertise: negotiations with land and building vendors, banks, market research, control and monitoring of projects and aiding clientsboth during and after sales.

Mónica Santiago (General Manager Portugal), 6 months experience with Golden Visa and former Senior (world) Partner at MercerConsulting, has a 25-year career throughout Europe as Board Member of Insurers Companies and Pension Fund ManagementCompanies.

Our main offices are in Madrid and Lisbon, but we also have offices in Barcelona, Ibiza andLuxembourg.

We have local Fiscal Representatives for our clients, ensuring compliance with the tax legislation.

Several international banks and law firms, have chosen Golden Euroresidence Visas as thepreferred company which offers the best comprehensive services to their international clients tomaximize the benefits (now and in the future) of the Portuguese and Spanish Golden Visas offers,for many of their clients.

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GOLDEN EURORESIDENCE VISAS, S.L.

info@golden-eurovisa.comhttp://www.golden-eurovisa.com(+34) 91 781 95 70C/Fray Juan Gil 5 – bajo28002 MADRID - SPAIN

© 2014 GOLDEN EURORESIDENCE VISASThis document has been prepared by GoldenEuroresidence Visas. It contains proprietaryinformation. Any disclosure, distribution orcopying of the contents of this document, inwhole or in part, requires the express writtenpermission of Golden Euroresidence Visas.

GOLDEN EURORESIDENCE VISAS

info@golden-eurovisa.comhttp://www.golden-eurovisa.com(+351) 213 971 341(+351) 911 964 440(+351) 913 726 232R. Rodrigo da Fonseca 83 3 dto1250-190 LISBON - PORTUGAL