Today, the Draft Law that extend the legislative authorization provided for in the State Budget for 2020 was approved.
This Proposal defines the terms under which the Government may revise the Gold Visa regime (Residence Permit for Investment).
Thus, the Government may, during 2020, limit the possibility of real estate investment to the interior territories and the Autonomous Regions of Madeira and the Azores.
In relation to other possible types of investment, they may also undergo changes, for example, by increasing the minimum value of investments.
The possible changes will only have an impact on the processes initiated after the approval of the changes to the new regime. Thus, the change will not harm the processes already started.
The rules for the renewal of proceedings initiated under the current regime, both for Principal Applicants and for family members remain after the entry of the new regime.