The Uglobal Magazine published an article focused on the theme of Golden Visa in Portugal, whose legislation was generally approved, however it is still being debated in the specific area.<\/p>\n
In its introduction, the article says: \u201cNearly four months ago, the\u00a0Portuguese government announced ending the golden visa program<\/a>\u00a0as part of its strategy to combat rising housing costs, setting in motion a legal process that aims at scrapping\u00a0Europe\u2019s most popular residency by investment program<\/a>.\u201d<\/p>\n Diogo Capela, partner at Lamares, Capela & Associados contributed to this dossier: \u201c The Golden Visa Portugal Program was created in October 2012 with the aim of attracting foreign investment. In a decade, it moved about 7 billion euros and, until January of this year, 11,180 Residence Permits for Investment were issued (until December 2022), according to the data released by the Foreigners and Borders Service.<\/p>\n
\n\u201cIt is still possible to submit Golden Visa applications and the foreseen amendments have not yet been approved, so I advise my clients and investors to keep working on their processes, so we can submit their applications before the end of the program\u201d.<\/p>\n