An attempt of the two far-left Portuguese parties to get rid of the golden visa program through a motion at the parliament failed. Instead, the MPs voted pro the widening of the visa program by adding a new category called “Green Visas”.
Andre Silva, a lawmaker from the PAN animal-rights and environmental party, said that it is important for Portugal to create a new scheme that would attract foreigners to invest in areas of ecological nature.
“Taking into consideration the importance of reinforcing a multicultural and open society …it’s important to create an additional scheme to attract foreign investment of an ecological nature”, he said in front of the parliament.
The new category of Golden Visa will permit foreigners to obtain Portuguese residency if they invest a minimum of €500,000 in organic agriculture, ecotourism, renewable energy and other environmental projects.
On the other side, Transparency International Portugal’s (TI PT) President João Paulo Batalha argued that the “Green Visa” could create more risks since they are not clearly defined, nor is the procedure to certify that these investments are being made. “If approved on a second, final vote, this could create even more risks, beyond those that have been identified by Transparency International, without even ensuring that the investment is, in fact, coming into the country”, he concluded.
The Portuguese Golden Visa offers residency to foreigners, who invest in real estate properties, set up tech companies and create new jobs. A residency in Portugal permits one to travel throughout the whole Schengen Area and further.
The European Commission has been warned on the possibility of these visas to be misused by criminals and the corrupt. That is why the Commission is planning on guiding the member states that run such schemes on how to manage them, including background checks for applicants.
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Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!
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Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investidor dos EUA
Very helpful. Work with his heart. Mark is a very nice advisor.Investidor de Marrocos
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investidor dos EUA
A experiência geral foi ótima desde o acompanhamento até o pós-venda. Gostaria de agradecer especialmente ao Sr. Simon, à Sra. Francisca e à Sra. Mariana.Investidor dos EAU
George Hobson é um jovem agradável, conhecido como conhecedor, experiente, trabalhador, honesto e disciplinado; Senti-me muito confortável em fazer facilmente o meu investimento.Cliente dos Emirados Árabes Unidos
A Luísa é uma pessoa muito compreensível, e sabia exactamente o que procurávamos; até nos mostrou e deu-nos mais opções de escolha. Aconselhamento, hospitalidade e serviço muito profissionais.Roshana (Zulfiqar) Mian | Hong Kong