New rules for the Portuguese golden visa have finally come into effect as of October 7th, 2023. This comes days after Portuguese President Marcelo Rebelo de Sousa confirmed that he had enacted the controversial “More Housing” bill.
With the real estate investment option off the table, it is expected that the fund investment category may become the preferred qualifying route for most investors.
The new investment options, which will apply to anyone filing a golden visa application, are as follows:
Why Should You Apply for the Portugal Golden Visa Program?
As before, the minimum investment amounts for options 1, 2, and 3 may be reduced by 20% when the investment activity is carried out in low-density territories, defined as areas with fewer than 100 inhabitants per square kilometre or GDP per capita of under 75% of the national average.
Under no circumstances, directly or indirectly, may investments take the form of real estate.
(with inputs from IMI Daily)
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