Golden Visa: Changes to the rules on obtaining a residence permit for investment in Portugal
Title: Golden Visa: Changes to the rules on obtaining a residence permit for investment in Portugal
Authors: Francisco Lino Dias and Rita Alarcão Júdice
Law firm: PLMJ
A legislative authorisation in the 2020 State Budget 2020 authorised the Government to review the rules on residence permits for investment provided for in Law 23/2007 of 4 July by the end of 2020. The aim is to encourage investment in inland areas, urban regeneration, cultural heritage, activities of high environmental or social value, and productive investment and job creation.
In this context, in accordance with the Council of Ministers Communication of 22 December 2020, the Decree Law amending the rules on residence permits for investment was approved and finally published on 12 February 2021.