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CITIZENSHIP BY INVESTMENT BLOG

Portugal Golden Visa Real Estate Option Terminated

The residency and citizenship by investment program landscape is evolving rapidly, with some options being scaled back or discontinued altogether. Recently, both the Cyprus and Bulgaria citizenship by investment programs were eliminated, and Portugal has now followed suit, further limiting choices for investors.

Specifically, Portugal recently changed its Golden Visa program - a program that for quite some time has been beleaguered with problems (see our newsletter from February of last year).

Traditionally, Portugal's Golden Visa program was a popular option for investors seeking EU residency through a real estate investment. However, in late 2023 President Marcelo Rebelo de Sousa signed into law the “Mais Habitação” (More Housing) bill which terminates the option for Golden Visa applicants to invest in real estate or real estate-focused investment funds. The program's real estate route has long been favored for its simplicity and potential returns, but this avenue is now closed.

This sudden change has prompted many prospective investors to reassess their options and look for alternative routes to European residency or citizenship. One such alternative is Malta's Permanent Residency Program and the Malta Citizenship by Investment Program.

The Malta Permanent Residency Program (MPRP) offers a pathway to residency in Malta for individuals and families seeking to establish a foothold in Europe. With favorable tax policies, access to world-class healthcare and education, and a strategic location in the heart of the Mediterranean, Malta is an attractive option for investors looking for stability and opportunity.

For those seeking a more direct route to European citizenship, Malta's Citizenship by Investment Program is the last remaining investment citizenship option. This program allows investors and their families to qualify for Malta citizenship after only 12 months in residency status, granting them the right to live, work, and study anywhere in the European Union.

In conclusion, Portugal's Golden Visa changes have prompted investors to seek alternative routes to European residency and citizenship. Malta stands out as a stable and appealing choice for individuals and families aiming to establish their future in Europe or to create a strategic backup plan and safety net in uncertain times.

For inquiries please don't hesitate to contact us – we appreciate the opportunity to be of service!   

Because immigration by investment programs can change over time please contact us to speak with an advisor or to receive a preliminary quotation. The information provided in this blog post is intended for educational and informational purposes only. It should not be construed as legal or financial advice.

Zenturo Ltd.

Residency & Citizenship by Investment Programs Worldwide

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Santa Venera, SVR 1016
Malta

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