CITIZENSHIP BY INVESTMENT BLOG

Planned Changes: Lisbon and Porto property investments to be discontinued.

*** February 2021 Update: The changes announced in October of 2020 have been delayed until 2022. All investment options remain available as of now. ***

October 26, 2020. According to news received this week, the government of Portugal has announced it will no longer allow investments into property located in the popular coastal areas of Lisbon and Porto to satisfy the Golden Visa application requirements.

This decree becomes effective by the end of this year, which means Golden Visa applicants who wish to buy a personal or rental property in these areas must complete the process within the next eight weeks.

Because of COVID, government offices remain on limited staff, which might delay application processing. Therefore, and in order not to miss the deadline, our recommendation is to start the application procedure immediately should you be interested in making a property investment in the affected regions. Please connect with us or your assigned advisor to discuss next steps.

If, on the other hand, you are now looking for an alternative to Portugal please don’t hesitate to contact us about the Malta MRVP permanent residency program which starts at EUR 120k for a financing plan. Additional details can be found on our website here: https://global-residency.com/malta.html .

Please contact us at any time with your questions or comments.

Because immigration by investment program details can change from time to time please inquire with us regarding the latest rules and regulations for the program of your choice.

To start the application process online please register here.

To receive a detailed cost estimate or to schedule a confidential in-office consultation about Malta citizenship please complete the Malta Immigration by Investment contact form.

To learn more about the various Immigration by Investment programs available worldwide please visit our portal at www.Global-Residency.com.

If you are still undecided which program is right for you please use our automatic Product Finder Tool to find an option that best fits your budget and timeline.