The EU passport has always been favored by high-net-worth individuals worldwide! Since the launch of the immigration program in 2012, Portugal, a member of the European Union, has attracted numerous global immigration investors! After the cessation of the Cyprus EU passport program and the significant increase in investment requirements for the Malta passport program, there are few projects that allow for quick acquisition of EU identity, and the Portugal Golden Residence Permit program is an excellent springboard for obtaining an EU passport with low thresholds.
According to the current Portuguese property investment immigration policy, individual investors can invest in properties starting from €350,000 in core areas such as Lisbon and Porto, not only gaining permanent ownership of property in Portugal but also allowing three generations of the family to apply for the Portugal Golden Residence Permit. After meeting the conditions, they can apply for Portuguese citizenship, thus obtaining an EU passport!
However, such favorable policies are now in the final countdown phase! In February 2021, the Portuguese government revised the immigration legislation, clarifying the new policy details for stopping the acquisition of Golden Residence Visas through property purchases in Lisbon, Porto, and coastal cities, stating that immigration to Portugal through the purchase of residential real estate is limited to inland areas, the Madeira archipelago, and the Azores. This policy will take effect on January 1, 2022! This means that investors wishing to obtain the Portugal Golden Residence Permit and apply for an EU passport through investment in properties in Lisbon and Porto must seize the precious time of less than four months! Immigration should be done early rather than late; before the new policy is implemented, investment should be made as soon as possible to benefit early!
What impact will the new policy for the Portugal Golden Residence Visa have on investors? How to grasp the "golden timeline" for low-threshold property investment immigration in Portugal? What preparations do applicants need to make? When should they submit their applications to catch the "last train"? What kind of properties can be purchased starting from €350,000 in core areas of Portugal?……
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