Portugal Golden Visa 2023 Update – What You Need To Know
On February 16, 2023, the Prime Minister of Portugal made a public statement about the future of the Portugal Golden Visa program. This announcement is part of the government’s efforts to address rising house prices in the country. While there is still uncertainty around the program’s future, here is what we know so far:
The End of Portugal Golden Visa?
The Prime Minister announced that the Portugal Golden Visa program will end. However, the measures announced are still subject to public consultation, and will only become a law once a bill to that effect is passed by the Parliament, and signed by the President of the country.
Further, there are still questions around the details, particularly for other forms of investment, such as investment into commercial properties, investment funds, capital transfer, or job creation. It is also unclear if investors who obtained the Golden Visa through such investments will be able to renew their visas. We expect more clarity after the government meets in March.