Golden Visa applications frozen

… for those made after February 16th

Golden Visa

The Portugal News reports that the Portuguese Government’s measures to stop Golden Visas as part of their radical overhaul of housing policy in the country have generated controversy, but the Ministry of Housing has acted quickly to clarify the matter regarding the residency scheme.

In the bill for the “Mais Habitação” program, the Government said that only requests for gold visas submitted by February 16, 2023 – and awaiting a decision from the competent authorities – remain valid, with the rest being frozen, if submitted after that date.

According to idealista/news, the measure raised doubts, but the Ministry of Housing has already clarified the matter and guarantees that after that date the requests are without effect.

The ministry says, quoted by Jornal de Negócios, that the Foreigners and Borders Service (SEF) “can continue to accept requests until the program comes into force”, however, from the moment the revocation of the regime, then “all requests that have been filed after that date are already aware of this condition, so there is no guarantee of analysis and decision, the procedure being extinguished as soon as the law comes into force”.

The truth is that as soon as the end of this program was announced by the Socialist Government, several law firms and consultants admit to having received hundreds and hundreds of people interested in obtaining golden visas. Some of these people already had ongoing processes and wanted to try to speed them up. Others had the intention of investing in Portugal and, as they now know that they have little time to do so, they wanted to take advantage of the last moments to obtain the golden visa.

There is no information at the moment about how the decision to cease issuing Golden Visas will impact in Madeira, or for that matter, whether the autonomous region can go against the national guidelines.

Thanks to PeterA for the link

COVID-19 in Madeira: updates can be found in an earlier post

Golden Visa applications frozen 1

All the incidental news from Madeira – up to 60 reports per day – is being continually picked up automatically, translated, and instantly posted on our sister website, madeiraislandnews, no matter how trivial

Leave a comment

Translate »