The Uglobal Magazine published an article focused on the theme of Golden Visa in Portugal, whose legislation was generally approved, however it is still being debated in the specific area.
In its introduction, the article says: “Nearly four months ago, the Portuguese government announced ending the golden visa program as part of its strategy to combat rising housing costs, setting in motion a legal process that aims at scrapping Europe’s most popular residency by investment program.”
Diogo Capela, partner at Lamares, Capela & Associados contributed to this dossier: “
“It is still possible to submit Golden Visa applications and the foreseen amendments have not yet been approved, so I advise my clients and investors to keep working on their processes, so we can submit their applications before the end of the program”.
The Golden Visa Portugal Program was created in October 2012 with the aim of attracting foreign investment. In a decade, it moved about 7 billion euros and, until January of this year, 11,180 Residence Permits for Investment were issued (until December 2022), according to the data released by the Foreigners and Borders Service.
Read the full article: Portuguese parliament continues golden visa debate – Uglobal
