Portugal’s Golden Visa program, which offers foreign investors residency through investments in the country, is on the verge of closure. Despite the government’s intention to terminate the program, the final regulations have not been established, granting potential applicants a brief opportunity to apply. Currently, individuals can secure a five-year residency visa by purchasing property valued at €280,000 or more, entitling them to unrestricted travel within the European Union.
To commence the application process, prospective participants must initiate proceedings with the Portuguese immigration agency and finalize a property transaction, even if the conclusive transfer has yet to occur. Applicants who submit their requests before the implementation of the new regulations will remain eligible, although the precise commencement date for the revised rules remains uncertain. Therefore, individuals interested in the Golden Visa program are encouraged to act promptly and explore their eligibility, possibly consulting with an immigration attorney for guidance.