The unprecedented pandemic that is affecting us all has slowed down many governmental activities in many countries.
However, what was planned for the Portugal Golden Visa Program a few months ago will soon become a reality as the Portuguese Government is moving forward with some limitation measures:
- The continuous success of the Program's real estate option with foreign investors will impact the cost of the Portugal Golden Visa. We are expecting an increase in the regional minimum investment amount.
- The real estate investment option of the Golden Visa Program is expected to end in December 2020 for Lisbon and Porto, the two Portuguese main cities.
- This restrictive measure will also apply to the Coastal regions in Portugal starting January 2021.
- Investors will only be allowed to apply for the Program real estate option by investing in the interior regions of the country, as well as in Azores and Madeira.
CLICK HERE to access the article from the Portuguese media CM Jornal, October 6, 2020 (in Portuguese only).
As these restrictive measures might be implemented in two months, international investors are rushing for last real estate investment opportunities in Portugal with the current investment cost of the Golden Visa Program. To read the news released by Investaureum, our real estate partner in Portugal, CLICK HERE.
If you are interested in applying for the Portugal Golden Visa, allowing you to secure your family's future and preserve your wealth in Europe, I recommend that you take action now to benefit from the current Program criteria.
CLICK HERE to schedule your private consultation now with one of our Private Client Relations Advisors.