Portugal’s Presidential Office recently handed down a veto on the “Mais Habitação” (More Housing) bill. While this move sends the bill back to Parliament, it presents an unexpected silver lining for those eyeing the Portugal Golden Visa program. Investors now have until September, at the very least, to apply under the present rules.
portugal golden visa program
Here’s a breakdown of the situation:
Next Steps for the Bill: The government now faces a choice. They can either revise the bill, addressing its issues before presenting it once again to the President, or they can stamp their approval with a majority. The latter would make it binding for the President to endorse it. But, given that the Portuguese Parliament is currently on its summer hiatus, significant legislative shifts are unlikely before September concludes.
- Implications for the Portugal Golden Visa: While the President raised multiple concerns regarding the bill, none touched upon the Portugal Golden Visa alterations directly. However, the eventual bill endorsement will end for the real estate pathway of the program, which currently allows investments starting at €280,000. The forthcoming focus? More emphasis on fund contributions and investments that foster job creation, beginning at the higher amount of €500,000.
For those who’ve embarked on the Golden Visa journey or those considering the current real estate provisions, now’s the moment to accelerate your decision-making as the minimum investment will soon double action is of the essence.
If you feel this program is right for you, you will need to seize this window of opportunity and connect with expert teams for guidance.
Eager to secure your future with Portugal’s Golden Visa? Don’t miss out on the current investment opportunities. Click Here for personalised guidance from our expert team.