On February 6, 2020, a legislative authorization that allows the current Government to legislate directly on the issue of Gold Visa was approved. But what does this legislative change mean? It has 3 purposes:
- to maintain all current investment options, updating the minimum investment values;
- To limit the eligibility of real estate investments regarding their geographical location to certain areas of the Portuguese territory;
- To extend the regime to investments in activities of high environmental or social value, which may lead to the already discussed “Green Visa”.
It is also interesting to know when the regime will change. In reality, the Government can present the changes to the regime until December 31st, 2020, and the Assistant Secretary of State to the Prime Minister considers that “there is still no disruption that justifies cancellation of businesses”.
In summary, all the investment options will continue to be active, with a high probability that new options of environmental or social character may be added, with an exception for territorial limitations that may be imposed to the real estate investment.
For further information on the subject, please consult the document below: