The Portuguese Government has presented a revised draft law relating to the end of the Golden Visa Program which protects the condition of existing investors while providing a last window for new applicants. The main aspects to be highlighted are as follows:
- The Golden Visa Program will remain unchanged the day the law takes effect. Until then, new applications will be accepted (including applications submitted after February 16th);
- Existing (and pending) Golden Visas will be converted into D2 Visas (Entrepreneur Visas);
- The minimum stay requirements will remain the same as the Golden Visa (7 days in the first year and 14 days for each of the subsequent 2 years period).
Considering the above, we expect a window of 45 to 60 days for new applicants to enter the Program.
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[Photo by: Zhi Xuan Hew, available at unsplash.com]