Portugal has made few changes to golden visa laws for foreigners investing in Portugal.
The fourth amendment to Regulatory Decree no. 84/2008 of 5 November came into force on 1 October 2018. According to the decree
- The Government to introduce new permanent residence permit option for golden visa holders who maintained their investment for five years. The permanent residence permit for Golden Visa holders will be “exempt from a minimum stay of two months a year in Portugal
- Applications for renewal of residence permits must be submitted between 90 and 30 days prior to the expiry of the existing permit.
- Investors who has opted for the capital transfer of ateast one million euros may change their type of investment , but may not decrease the amount of the investment
- Properties built 30 years ago must submit documents proving date of construction issued by authorities.
- Investments in shares of venture capital funds and in companies based in Portugal that help create jobs.
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