Portugal’s Golden Visa program, which was previously announced to be ending, is now expected to continue in a modified form. The governing Socialist Party (PS) has put forward a proposal to keep the scheme, with some changes to its existing structure. Notably, the capital transfer option and real estate investments will be eliminated from the program.
The upcoming vote on the proposal is expected to be scheduled soon, with July 19th 2023, being a likely date for the final decision. It’s important to note that the final bill may undergo further revisions.
The revised Golden Visa program may offer different investment options to obtain residency in Portugal.
These may include:
- Cultural heritage or artistic contribution: €250 000
- Investment fund: €500 000
- Investment in scientific research: €500 000
- Business investment that creates at least 5 jobs
- Creation of at least 10 jobs (with or without company creation)
Individuals interested in the Golden Visa should act promptly, as further changes may occur, potentially affecting the program’s benefits.
