On February 16, Portuguese Prime Minister Costa announced at a press conference that the Portuguese "Golden Residence Visa" investment immigration program will be officially cancelled! This is another country, after Ireland, which has announced a shutdown.

Although the specific details of the coup have been pushed back and forth, it is undeniable that the Portuguese government intends to shut down the "Golden Residence Visa" project.

Ruling party unanimously approves 'shutdown project'

On May 19, with the holding of the Portuguese government parliament, the golden visa project also ushered in new progress.

The Portuguese Parliament has generally approved the government's "More Housing Plan" Mais Habitação, launched in response to the housing crisis, which includes the approval of the termination of the Portuguese investment immigration (golden residence visa) policy!

According to the voting results, the ruling party PS (Partido Socialista) all voted in favor, PAN and L abstained, and the rest of the other parties voted against.

When will Portugal's "Golden Visa" end?

It is understood that the Portuguese parliament should discuss the specific details of the project in a few weeks, such as when will the "golden residence visa" be terminated? How to terminate?

A second vote is expected to follow, as well as a third round.

If passed by the parliament, the next step is to report to the president for signature.

In other words, the probability of the Portuguese "Golden Residence Visa" being terminated in the near future is not high, and it will take some time to discuss, but the countdown to closing the project has already entered!

Advantages of Portuguese identity

Portugal is not only a member state of the European Union, but also excels in terms of safety factor, living environment, medical care and tax planning.

Portugal's "Golden Residence Visa" project has become one of the most popular residence visa projects in Europe due to its advantages such as low application threshold and no immigration supervision.

01

medical benefits

Portugal has a complete medical system, ranking 12th in the world, with a high level of medical care. Public hospitals provide free medical services to Portuguese citizens, foreign citizens who have obtained legal residency, or have legal work permits. Private medical benefits are more cost-effective.

02

education benefits

Portugal implements a 12-year compulsory education system, with four years of primary school, two years of preparatory middle school, three years of middle school, and three years of high school education. After having a golden residence visa, children can enjoy free public education benefits in Portugal. There are many private international schools in Portugal with an international teaching environment and strong teaching staff.

03

travel benefits

After obtaining the Portuguese identity through the golden visa project, the applicant can not only freely travel to 27 Schengen countries, but also freely study, work, do business and settle in the local area, satisfying the applicant's multiple requirements for identity configuration, education planning, pension medical care, home ownership, etc. At the same time, Portuguese passports are visa-free for more than 180 countries/regions, making travel more convenient and faster.

At present, the EU is tightening its investment immigration policy. Many countries have shut down the program, and the ones that have not been closed are also moving in a stricter and more standardized direction. Portugal's "Golden Residence Visa" project has entered the countdown. Investors who need it should prepare as soon as possible and get on the bus. For details, please contact Xingyunhai International~