News from Worldway Lisbon: Recently, the news of the Portuguese Immigration Bureau suspending the issuance of 'Golden Visas' due to the new immigration law has attracted considerable attention from investors. The Portuguese Ministry of Internal Affairs has pledged that the issue will be resolved soon, and applicants can still submit their application materials and enter the queue during this period. According to reports from domestic media in Portugal, the Immigration Bureau has resumed the approval and issuance of Golden Residence applications as of this past Monday. Investors intending to immigrate to Portugal through property investment can apply with confidence.
[Domestic Media Reports on the Resumption of Approvals]
Regarding the restart of the 'Golden Residence' approval process, the issuance procedures have currently only been partially resumed, mainly focusing on investment applications that are not affected by the new law amendments, such as real estate investment, asset transfer, and job creation. However, new investment applications related to research projects, cultural projects, and renovations as stipulated in the new Golden Residence law issued on July 1 will continue to await the passage of new amendments before resuming the approval and issuance procedures. Nonetheless, last week, the Portuguese government amended the loopholes in the new law. The changes need the president's signature and will only take effect after formal publication in the Diário da República.
The new law in Portugal stipulates that approvals for first-time applications for Golden Residence status can be processed by the Immigration Bureau within 90 days! Renewal applications for the Golden Residence card will receive responses within 60 days! This significantly shortens the waiting time for investors, enhancing efficiency. Additionally, the new policy has introduced various forms of investment options, providing investors with more choices, while the investment method of purchasing property for 500,000 euros will undoubtedly remain mainstream.
Worldway's branch in Portugal is located on Avenida da Liberdade, a bustling area in Lisbon. It is the first immigration agency from China to establish a customer service center locally. With good government relations, we will keep a close watch on the latest developments regarding the Golden Residence policy, ensuring the provision of the highest quality services to our clients. As a leading immigration agency that was among the first to introduce Portugal's 'Golden Residence Program' to China, Worldway has successfully assisted numerous Chinese investors in property immigration to Portugal and in obtaining Golden Residence cards, maintaining an impeccable record with no failures. For immigration consultation in Portugal: 400-138-2929
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