THE GOLDEN VISA 2024
Portugal’s Golden Visa program just got a makeover
The Parliament has approved changes to come into effect from October 2023.
The traditional way to submit a real estate Golden Visa application is not possible anymore. But plenty of options remain available, including transferring capital to research activities, supporting artistic production, or acquiring participation units in investment funds.
However, the new law will no longer allow investment through capital transfers or real estate acquisition.
It’s important to note that the changes won’t have a retroactive effect, and applications that are already pending will be converted into regular residence permits for Entrepreneurs.
While the real estate investment option was a popular choice, the revisions are sure to have an impact. But, it’s an opportunity to explore alternative investment offerings and introduce innovative projects in various sectors.
Also, there is still the option of the D7 Visa that we described before.
If you have any questions, get in touch!