Changes on the granting of “Gold Visas”.

On 1 July 2021, changes to the granting of residence permit for investment (ARI), called “Gold Visas”, come into effect.

The State will comply with the legislative authorization contained in the state budget for 2020 and the granting of “Gold Visas” will no longer apply to coastal regions and metropolitan areas, safeguarding the possibility of renewing residence permits already granted. Thus ends the possibility of its application in the regions of Lisbon, Porto or Algarve.

This type of investment – until now mostly linked to real estate – will thus be directed to areas of lower population density – intermunicipal communities (CIM) in the interior and autonomous regions. The idea is to increase the number of investments in activities that are more likely to create jobs.