The Portuguese government has just announced the new draft law stating that they will continue to accept new applications for the Golden Visa until the new law terminating the program is published. This is expected to be at least 60 days away, most likely by the end of June.
In summary, the final draft law to be presented to the parliament includes the following points:
- No retroactive effect on existing permits;
- New applications will be accepted until the new law is published;
- Pending applications and future renewals will be converted to the D2 Entrepreneurs Permit, while honoring the 7 day per year stay requirement as before.
Golden Visa conditions will be honored throughout the entire length of the program for anyone who applies while the window is still open. This means that there’s zero risk in applying for the program now, but it’s crucial to act quickly!