The Portuguese government has extended the effective date for the new golden visa rule. If earlier it was said that investments would be limited to suburban real estate by January 1, 2021, now this date has shifted to July 1, 2021.
Thereafter, Portugal’s Golden Visa Resident Program will no longer grant residence permits to investors purchasing real estate in Lisbon, Porto, and the Algarve region.
This means that investors still have time to submit applications before the program changes.
The Portugal Golden Visa program grants investors residence permits in Europe offers hassle free travel to the Schengen countries and provides access to high-quality medical and educational opportunities. Family members can be included in the application for a residence permit without additional investment.
Benefits of a Portuguese Golden Visa
- Straightforward and flexible investment requirements
- Extremely low minimum stay requirements – 7 days first year and 14 days following periods of 2 years
- Possibility of Permanent Residency after 5 years and nationality after 6 years
- No limitations on ownership of the selected investment
- Residency applications quickly processed
- Fully extensible to family members (with no further investment requirements)
- Freedom to travel to all European countries members of the Schengen area
- No limitation on subsequent investments or employment opportunities
- Very limited number of documents required
- Access to all Portuguese Public Services, including health and education
