Is Portugal's golden visa ending? Portugal's prime minister has announced that the government is evaluating the continuity of the golden visa scheme in the country, a programme designed for obtaining a residence permit in Portugal. António Costa admitted that maintenance of the scheme may no longer be justified. Is this the end of golden visas in Portugal? We have the details.
António Costa was speaking to journalists at the end of an almost two-hour visit to the Web Summit exhibition area at the Feira Industrial de Lisboa (FIL), after being asked about the special tax regime for so-called "digital nomads".
The prime minister defended the continuity of the policy of attracting investors to Portugal, especially in the technological area, but made a distinction in relation to the regime of golden visas, in which you get a residence permit in the country following, for example, the purchase of a property of high value.
"There are programmes that we are currently re-evaluating and one of them is that of golden visas, which, probably, has already fulfilled the function it had to fulfil and that at this moment it is no longer justified to maintain," said the leader of the executive, with the Minister of Economy, António Costa Silva at his side.
The end of golden visas in Portugal: no date has been set
In front of journalists, the Prime Minister did not yet indicate a concrete date for the possible end of gold visas - a measure that has been demanded by the political left in the country, which considers this regime a factor of worsening housing prices and a source of justice problems due to suspected money laundering.
"When you are assessing you put all the hypotheses on the table. After you complete the assessment, then you make decisions - and assumptions become decisions. Right now we are assessing whether golden visas make sense, but there are other schemes that continue to make sense," António Costa said, giving the "Regressar" programme as an example. "This is a programme in which we give generous support in fiscal matters so that the Portuguese who had to previously emigrate return to the country," he added.
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