Investments worth 800 million euros in residential tourism have been canceled by April, which would have represented 500 million euros in taxes and the creation of 2,090 jobs. The Portuguese Association of Residential Tourism and Resorts is calling for “common sense” to avoid a “catastrophe.” The government is destroying something
After a successful decade of Portugal’s Golden Visa scheme, the government has confirmed its termination. The scheme brought in billions of growth for the national economy, but the Portuguese Prime Minister, António Costa, believes that no special regime justifies the golden visa. As of February 16, new applications for golden
Portuguese authorities have announced that the country’s residence by investment programme will no longer be available. The decision has been pushed by the ongoing housing crisis in the country, as housing prices have soared while Portuguese wages have remained the same. More specifically, the rental prices have increased by 37
Golden visas were set up in Portugal about a decade ago Government held a cabinet meeting on Thursday about housing By Henrique Almeida Portugal will end its so-called golden visa program for new foreign property buyers as it tries to address the lack of affordable housing in one of Western
Affordability, unbeatable tax benefits to foreign nationals among the perks When considering a residency by investment programme, there are several options to choose from but what influences the ultimate decision to choose a specified programme lies in the details, which include the cost of the programme, location, and the amount
In a televised speech on Saturday, Greek Prime Minister Kyriakos Mitsotakis announced that the minimum investment amount required under the property investment option of the golden visa program is set to double. “In order to increase the affordability of real estate for Greeks, we are now increasing the minimum amount
Portugal Golden Visa and the D7 visa are two popular schemes that help foreigners to move to Portugal and live there. D7 is also called the passive income visa. It is mainly aimed at retirees and people who depend on their passive income and plan to stay in Portugal permanently. On
