Golden Visa Portugal 2020- What’s New? (Update)
The golden visa Portugal program has been around for close to a decade now. While regimes and policies have changed, the program still retains its original shape. As a matter of fact, subsequent governments have expanded it and made it more attractive.
What do you Need to Know about the Portuguese golden visa in 2020? This is a quick update that covers the visa as it is today and what you can do to secure one.
What’s New in The Golden Visa Portugal 2020?
The Portuguese government has been adding new investment options and features into the program to make it more attractive. For instance, aside from the real estate investment options, you can also channel your investment to an equity fund, venture capital, or start a company.
A recent vote in the Portuguese parliament seeks to move real estate investment through the Golden visa Portugal 2020 to other cities. This is because many foreign golden visa investors have made their purchases in Porto and Lisbon, thus driving real estate costs to the roof.
While this proposal was passed through parliament, it might take a few months to a year to become law. However, you can look for properties outside the major cities like Braga, Coimbra, Guimaraes among others. What’s more, property prices won’t be as marked up as they currently are in Porto and Lisbon.
Regime Changes- Government Policy on The Golden Visa
The current Socialist Party held government led by António Costa has given all indications that they want to keep the golden visa Portugal 2020 program. In fact, much of the changes they have introduced to the program are aimed at expanding it and making it even more attractive.
What Do You Need to Know About the Golden Visa Program?
The Portuguese Golden Visa program is open to any non-EU and non-Portuguese nationalities who want access to Portugal and the larger EU region. You can get the visa by making a real estate investment and hold it for a minimum of five years. There are other investment options available, although a majority of entrants have used the real estate purchase option.