Under the legislative authorization granted by the State Budget
Law of 2020, whose validity expired now on December 31, 2020, the
Portuguese Government decided to proceed with the modification of
the residence permits program by investment, commonly known as
"Golden Visa".
The decision was taken today at the Council of Ministers,
through the approval of a decree-law that will change the legal
regime of residence permits by investment, with the objective of
promoting the investment of foreigners in low density regions,
specially through urban rehabilitation, cultural heritage,
activities of high environmental or social value, productive
investment and job creation.
According to the statements made at the end of the Council of
Ministers, the new regime will come into force on July
1st, 2021, with a transitional period foreseen until 2022.
The renewals of processes approved under the current regime, as
well as, the subsequent requests for family reunification will
