CHANGES to Portugal Golden Visa Program (Bad News)

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Portugal is unfortunately introducing more changes to their Golden Visa program. If you're interested in this program, you might want to act FAST because these new changes are not going to work in your favor.

These changes were supposed to be introduced much earlier, but due to pressure from pending applicants and interested parties, they will come to place in January 2022.

The first thing is that the areas that you'll be able to purchase properties are changing. At the moment you can buy property anywhere, including Lisbon and Porto. However, now they're eliminating a bunch of options and leaving you only with a few areas you can buy!

The second thing is that the minimum investment amount for the fund option is getting increased. The fund option is currently 350 000 EUR, and it's being raised to 500 000 EUR.

If you want to take the advantage of old and more appealing rules of the Portuguese golden visa program you will need to apply ASAP, October being the latest.

Portugal's Golden Visa is an amazing program, that doesn't have minimum stay requirements. It gives you the access to Schengen zone and the European Union and after 5 years you can apply for Portuguese passport and become an EU citizen.

Portugal is also extremely popular among our clients because of the famous NHR program, which allows you to not pay taxes on your foreign earned income for up to 10 years.

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