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How can we apply for a Golden Visa in Portugal through an existing property before the program closes?

My wife has property in Portugal and since we already have visa-free access to Portugal, we hadn’t considered doing a golden visa. But when it was announced golden visas would stop, we thought it may be good to catch it before it’s gone, so now we have the property that was bought in 2018 and we’re interested in starting the process. Can we still do that seeing that the property was purchased prior to the decision to end the golden visa?

Answers
  • Tiago Gali Macedo
    NEXT/Gali Macedo & Associados
    April 17, 2023

    Provided the real estate fulfills the legally foreseen criteria for eligibility (amounts paid and their origin, location of the real estate, among others), it is possible for you and your wife to submit an application for a residence permit under the Golden Visa program, even if the real estate was bought a few years ago. As the program is coming to an end, we would suggest for all necessary documents to be taken care of as soon as possible, since there won’t be any chance for new applications to be submitted once the Government’s law project is approved and comes into force.

  • Ana Clara Maia
    Almeida, Dias & Associados
    April 17, 2023

    To analyze if the new Golden Visa potential restrictions will or not impact your application, what will be taken into consideration won't be the date of purchase of the property, but the submission of the request in the Golden Visa platform. However, it is necessary to analyze if the property fulfills all the requirements regarding the program - minimum investment amount, location & purpose of the property, etc.

  • Sara Sousa Rebolo
    Prime Legal
    April 14, 2023

    It is still possible to file the Golden Visa application with a property already purchased. It is important to confirm the eligibility of the property under the current law and to organize the proof of acquisition and personal documents in order to file the complete application.

  • Diogo Capela
    Lamares, Capela & Associados, Sociedade de Advogados
    April 17, 2023

    It’s possible to apply for the Golden Visa with a property bought in 2018, however, you need to confirm that the property fulfills the investment requirements for the Golden Visa.

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