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Is Portugal still a good option for Russian investors?

My family and I have been looking to relocate to Portugal from quite some time. But we have come across some issues trying to get our assets liquidated from Russia. I see a lot of changes have been made to the Portuguese golden visa. Is this still a good option for us?


Answers
  • Lamares, Capela & Associados, Sociedade de Advogados
    July 25, 2024

    The changes made to the Golden Visa options in July last year concern the end of the real estate options and investment in real estate funds. However, a number of options remain in force which we believe are extremely valid and worthwhile. As a Russian citizen, you will face some difficulties, particularly in opening a bank account, since European banking compliance has restricted this possibility to those citizens. Even so, we believe that these restrictions will not last forever, and that's why the Golden Visa is a good option.

  • Lamares, Capela & Associados, Sociedade de Advogados
    July 24, 2024

    The changes made to the Golden Visa options in July last year concern the end of the real estate options and investment in real estate funds. However, several options remain in force which we believe are extremely valid and worthwhile. As a Russian citizen, you will face some difficulties, particularly in opening a bank account, since European banking compliance has restricted this possibility to those citizens. Even so, we believe that these restrictions will not last forever, and that's why the Golden Visa is a good option.