The programme had been vetoed by the President of the Republic but is has now passed without changes.
With the entry into force of the new law, new requests for granting residence visas for investment activities will not be accepted, which will not affect the possibility of renewing authorizations already granted.
Requests for the granting and renewal of residence permits for investment activities remain valid, including those that are “pending prior control procedures in municipal councils” on the date the law comes into force.
The granting or renewal of residence permits for family reunification is also excluded from the adopted limitation.
The opposition parties presented more than 320 amendment proposals for voting in the plenary, all of which were rejected by the socialist deputies, accompanied, depending on the case, by other parliamentary groups.
What’s the point, now? This Golden Visa program has inflated prices for ever and ever, turned the country into a colony of wealthy tourists and destroyed the prospects of an entire generation of Portuguese of ever buying a home. Whoever was involved with this program and benefited from it should be criminally prosecuted.
By Miguel Alcoforado from Lisbon on 25 Sep 2023, 21:56
The Golden Visa din't inflated prices forever or for people financially challenged, the D7 and other visas did. Less than 3,000 people got a GV, and all were for homes the poor never were going to purchase. On the contrary, the D7 visa requires only 800 Euro per month, is for far less wealthy people, and they rent and buy the cheaper housing. The GV brought billions in taxed to Portuguese social programs.
But best yet, a comment says that "whoever was involved with this program and benefited from it should be criminally prosecuted." What? You want to prosecute people who followed Portuguese laws in immigrating, the politicians, both? All for following laws? Insane.
Portugal will be far damaged by the loss of the GV, as time will tell. Billions lost in investment that goes to Portuguese people and businesses, as well as taxation to social health.
Embarrassing that people cannot see this.
Roberto
By Roberto Clemente from Algarve on 26 Sep 2023, 15:03
In the Algarve, almost all houses are bought by foreigners who make them AL. 70% of the time these houses are empty while the Portuguese have to live on the streets.
By Pete from Algarve on 26 Sep 2023, 19:32
No, Pete from the Algarve, 70% of homes purchased in the Algarve are NOT foreign purchases, or turned to AL. from 2018-2022, 21% of Algarve properties were purchases by outside nationals, and 11% received AL licenses. Additionally, the same tourism/immigrant you decry is what pays the salaries in the Algarve. The Algarve has no real industry, bar minor wine production, outside of tourism. Tourism is 83% of the economy of the Algarve. You want this to go away, so people can afford to live? Only you see don't see the issue with your logic, apparently. And where is this Algarve homeless population you noted, those living on the streets? Do tell.
By Roberto Clemente from Algarve on 30 Sep 2023, 18:42