This evening, IMI has received reports from a number of Portugal golden visa providers indicating the country’s Borders and Immigration Service (SEF) has begun accepting new golden visa applications.
Golden Visa investors’ advisors had been unable to submit new applications through the SEF’s online portal since December 31st, 2021 because of a much-criticized political and bureaucratic stalemate. The policy change comes just days after the publication of IMI’s widely-read article, which gives a detailed account of the matter: Portugal’s Golden Visa Crisis: Civil Suit Against State Only Option if Stonewalling Continues, Say PAIIR-Founders.
Vanessa Rodrigues Lima, principal of VRL Legal and co-founder of PAIIR (the Portuguese Association for Immigration, Investment, and Relocation), who first alerted IMI to the news, points out that while the SEF’s website still uses last year’s minimum investment amounts, the portal now accepts new submissions. Investment option selections appear as before (for example, although the minimum investment for the fund option has been EUR 500,000 since January 1st, it is still listed as having last year’s minimum of EUR 350,000) but the submission is now nonetheless accepted by the system, with actual figures subsequently corrected manually.
Rodrigues Lima says she has today successfully submitted two applications under the increasingly popular fund investment route, the first time she (indeed, anyone) has been able to do so since December.
IMI will be back with more as the story develops.
Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, the #1 magazine – online or offline – for residency and citizenship by investment. He is an internationally recognized expert, speaker, documentary producer, and writer on the subject of investment migration, whose work is cited in the Economist, Bloomberg, Fortune, Forbes, Newsweek, and Business Insider. Norwegian by birth, Christian has spent the last 16 years in the United States, China, Spain, and Portugal.