Portuguese Officials State That the Golden Residence Permit Policy Will Not Change Temporarily

Portuguese Officials State That the Golden Residence Permit Policy Will Not Change Temporarily

Portuguese officials state that the Golden Residence Permit Program policy will remain unchanged for the time being. For the best immigration news, please visit the official WorldWay investment immigration website.

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Portugal Property Investment Immigration has unexpectedly become the most sought-after investment immigration program in 2013, and its popularity is likely to continue into 2014. Many applicants have already obtained temporary residence visas through this program, and some applicants have inquired whether the program will be suspended in the short term. Recently, the Chief Ambassador of the Portuguese Ministry of Foreign Affairs clearly stated that the Portuguese Golden Residence Permit will not be halted in the near future.
 
According to reports, as of the end of September, applicants from over 20 countries have applied for the "Golden Residence Permit," with 60%-70% of applicants coming from China, and the number of approved residence visas is between 200-300. Regarding concerns from many investors about whether the Portuguese "Golden Residence Permit" will be suspended due to an increase in the number of immigrants, similar to the policy suspension in Macau years ago, the Chief Ambassador of the Portuguese Ministry of Foreign Affairs emphasized: "Portugal is larger than Macau, and it will not quickly suspend the program due to a rapid increase in investment immigration numbers. There are currently no plans to change the thresholds for the Golden Residence Permit." He emphasized: "This will be a stable policy, and the thresholds will not be raised; it will only tend to be more favorable to clients."
 
    Of course, although the Chief Ambassador of the Portuguese Ministry of Foreign Affairs has clearly stated that the Portuguese Golden Residence Permit will not be suspended and the thresholds will not be raised, the recent lack of changes in Portuguese policy does not mean that there will not be changes in the future. Any investment immigration program, once it matures and stabilizes, will undergo policy adjustments as the number of applicants increases, and even the closure of the program may occur. Applicants still need to prepare in advance and handle relevant matters as soon as possible. 

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