If you are considering applying for the Portugal Golden Visa in 2023, there are some important changes you need to be aware of.
The Portuguese government has announced that they are open to receiving new applicants for the Golden Visa program, which is excellent news for those interested in obtaining residency in Portugal. However, you should be aware of some changes to the program.
New Applicants
The Portugal Golden Visa program allows non-EU citizens to obtain residency in Portugal by investing in the country. The program has been incredibly popular since its introduction in 2012, and the Portuguese government has received thousands of applications from individuals and families from all over the world.
If you are a new applicant, you can apply for the Golden Visa by investing in real estate, funds, or starting a business. The minimum investment for the program is €280,000, although there are some exceptions to this rule.
It’s worth noting that the government has not made any changes to the minimum investment required for the Golden Visa program.
If you start your application process before the new update comes, the Portuguese government will keep your application ongoing.
Renewals and Permit Cards
If you are a current Golden Visa holder, you will need to renew your permit every two years. The Portuguese Immigration and Borders Service (SEF) is responsible for processing Golden Visa renewals, and they have recently made some changes to the renewal process.
The cost of renewing your Golden Visa permit has increased from €533 to €581.76. This increase is due to the rising cost of living in Portugal and the additional administrative costs associated with processing renewals.
It’s important to note that this increase only applies to renewals and not to new applications.
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In conclusion, the Portugal Golden Visa program remains an excellent option for those seeking residency in Portugal. The government’s decision to continue accepting new applicants is a positive sign for the program’s future.
However, it’s important to be aware of the changes to the renewal process and the increased cost of renewing your permit.
If you are interested in learning more about the Portugal Golden Visa program and its new changes in 2023, read more here.
Golden Port Visa has successfully assisted 300 investors in obtaining their Portuguese Golden Visa, providing top-notch services to help clients navigate the complex process.
With a team of experienced professionals, Golden Port Visa offers personalized guidance and support throughout the application process, ensuring that clients receive their visa without adding more stress.