{"id":34826,"date":"2021-02-24T14:36:59","date_gmt":"2021-02-24T10:36:59","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=34826"},"modified":"2021-02-24T17:11:26","modified_gmt":"2021-02-24T13:11:26","slug":"the-new-improved-portugal-golden-visa-an-update-on-the-changes-being-made-to-the-residency-by-investment-program","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/the-new-improved-portugal-golden-visa-an-update-on-the-changes-being-made-to-the-residency-by-investment-program\/","title":{"rendered":"The New &#038; Improved Portugal Golden Visa: An Update on the Changes Being Made to the Residency by Investment Program"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In an unexpected announcement, the Portuguese Government has now confirmed that the comprehensive changes being made to the country\u2019s ever-popular Golden Visa program will be postponed until 1 January 2022.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We <\/span><a href=\"https:\/\/old.savoryandparnters.com\/blog\/last-chance-to-invest-in-lisbon-porto-before-new-regulation-applies-portugal\/\"><span style=\"font-weight: 400;\">previously discussed the amendments<\/span><\/a><span style=\"font-weight: 400;\"> being made to the Portugal Golden Visa Program, detailing the new regulations and how it affects foreign investors who apply. However, this new development comes as a welcomed surprise, as it now affords applicants an additional 6 months to take advantage of the current Residency by Investment offers. Furthermore, these amendments to the program will not affect Golden Visa renewal applications, nor any existing applications submitted before 2022.<\/span><\/p>\n<h3><em><strong>In this Article<\/strong><\/em><\/h3>\n<ol>\n<li><a href=\"#changes-made\">What changes are being made?<\/a><\/li>\n<li><a href=\"#why-apply\">Why apply for a Portugal Golden Visa?<\/a><\/li>\n<li><a href=\"#webinar\">Gulf News Webinar<\/a><\/li>\n<li><a href=\"#meet\">Meet the expert speakers<\/a><\/li>\n<li><a href=\"#agenda\">What&#8217;s on the agenda?<\/a><\/li>\n<li><a href=\"#book\">Book a free consultation<\/a><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">There has never been a better time to take advantage of the fantastic benefits afforded by this Residency by Investment option. If you have been waiting for the perfect opportunity to apply to the <\/span><a href=\"https:\/\/old.savoryandparnters.com\/programs\/residency-by-investment\/portugal\/about\/\"><span style=\"font-weight: 400;\">Portugal Golden Visa program<\/span><\/a><span style=\"font-weight: 400;\">, then this is your sign to do it now before the new changes come into effect.<\/span><\/p>\n<h3 id=\"changes-made\"><em><b>What changes are being made?<\/b><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">The latest changes being made to the Portugal Golden Visa Program has garnered much talk among potential investors, who are keen to learn more about the amendments and the effects they might have. As of 1 January 2022, the following changes will take place:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchasing a residential property as a real estate investment for EUR 500,000 or properties in need of restoration for EUR 350,000 or properties in low-density areas for EUR 280,000 will only be applicable in the Inland Territories, Azores and Madeira.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">From 1 January 2022, no residential property in Lisbon and Porto will be considered applicable for the Golden Visa program, but will still be offered on non-residential properties.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The 20% price reduction on residential properties in need of restoration in Lisbon and Porto will no longer be available. However, it will still be offered on properties used for non-residential purposes.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-34733\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-to-other-investment-options.jpg\" alt=\"Changes to investment options\" width=\"1600\" height=\"750\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-to-other-investment-options.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-to-other-investment-options-300x141.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-to-other-investment-options-1024x480.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-to-other-investment-options-768x360.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-to-other-investment-options-1536x720.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A transfer of capital as the qualifying investment for a Golden Visa is increased from EUR 1 million to EUR 1.5 million.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investments in research activities will increase from EUR 350,000 to EUR 500,000.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span class=\"TextRun BCX0 SCXW212278378\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun BCX0 SCXW212278378\">The <\/span><\/span><span class=\"TextRun BCX0 SCXW212278378\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun BCX0 SCXW212278378\">required amount to participate in the\u00a0<\/span><\/span><span class=\"TextRun BCX0 SCXW212278378\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun BCX0 SCXW212278378\">investment funds will increase from EUR 350,000 to EUR 500,000.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The capital amount needed to invest in a commercial company and create at least 5 jobs will increase from EUR 350,000 to EUR 500,000.<\/span><\/li>\n<\/ul>\n<h3 id=\"why-apply\"><em><b><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-34778\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-table.png\" alt=\"Changes to real estate investment options\" width=\"1667\" height=\"1250\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-table.png 1667w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-table-300x225.png 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-table-1024x768.png 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-table-768x576.png 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Changes-table-1536x1152.png 1536w\" sizes=\"(max-width: 1667px) 100vw, 1667px\" \/>Why apply for a Portugal Golden Visa?<\/b><\/em><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strong real estate market:\u00a0<\/b><span style=\"font-weight: 400;\">Analysis by property specialists Knight Frank identifies Lisbon, along with Monaco, Vienna and Shanghai, as the \u201conly four major prime residential markets set to see growth throughout the remainder of 2020\u201d.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Minimal residency requirements:\u00a0<\/b><span style=\"font-weight: 400;\">You are only required to visit Portugal for 7 days per year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Safety &amp; stability:\u00a0<\/b><span style=\"font-weight: 400;\">Portugal is the third safest and most peaceful country in the world.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pathway to citizenship:\u00a0<\/b><span style=\"font-weight: 400;\">When investors fulfil all the residency program requirements and learn Portuguese up to a basic level, they are then eligible to apply for Portuguese citizenship after 5 years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>High-ranked passport:\u00a0<\/b><span style=\"font-weight: 400;\">The Portuguese passport is ranked in the top 5 passports in the world for ease of travel.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Freedom of movement:\u00a0<\/b><span style=\"font-weight: 400;\">As a Golden Visa resident of Portugal, investors are also classified as a resident of the European Union. They will gain freedom of movement without restrictions in the Schengen Area.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Health &amp; Education:<\/b><span style=\"font-weight: 400;\">\u00a0Investors and their families can enjoy quality education in schools and universities and world-class healthcare across Portugal and Europe.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ease of travel:\u00a0<\/b><span style=\"font-weight: 400;\">Once residents of Portugal obtain citizenship, they can enjoy visa-free or visa-on-arrival<\/span><a href=\"https:\/\/old.savoryandparnters.com\/programs\/residency-by-investment\/portugal\/visa-free-countries\/\"><span style=\"font-weight: 400;\">\u00a0travel to over 185 countries and territories<\/span><\/a><span style=\"font-weight: 400;\">, including the USA, Canada and Australia.<\/span><\/li>\n<\/ul>\n<div id=\"attachment_34719\" style=\"width: 1610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-34719\" class=\"size-full wp-image-34719\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-Project-in-Lisbon.jpg\" alt=\"Bela Vista Project in Lisbon.\" width=\"1600\" height=\"800\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-Project-in-Lisbon.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-Project-in-Lisbon-300x150.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-Project-in-Lisbon-1024x512.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-Project-in-Lisbon-768x384.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-Project-in-Lisbon-1536x768.jpg 1536w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-Project-in-Lisbon-1000x500.jpg 1000w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-Project-in-Lisbon-670x335.jpg 670w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><p id=\"caption-attachment-34719\" class=\"wp-caption-text\">Bela Vista Project in Lisbon.<\/p><\/div>\n<h3><em><b>Learn more about the changes being made<\/b><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Savory &amp; Partners &#8211; a leading Citizenship and Residency by Investment firm in the MENA region &#8211; hosted a live webinar in collaboration with Gulf News &#8211; the main news outlet for the United Arab Emirates and highly respected media platform in the Middle East &#8211; to discuss these important changes and updates. Those who attended the webinar were treated to key insights and informed outlooks provided by an experienced panel of immigration and real estate experts, as well as a forecast of what these amendments mean for those seeking residency in Portugal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The live webinar was recorded and the entire discussion can be viewed on YouTube:<\/span><\/p>\n<h3 id=\"webinar\" style=\"text-align: center;\"><em><strong>Gulf News Webinar<\/strong><\/em><\/h3>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/IWnC-Zh9DEM\" width=\"1349\" height=\"480\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3 id=\"meet\"><em><b>Meet the expert speakers<\/b><\/em><\/h3>\n<h4><b>Jeremy Savory | CEO &amp; Founder of Savory &amp; Partners<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Named one of <\/span><i><span style=\"font-weight: 400;\">Arabian Business Magazine<\/span><\/i><span style=\"font-weight: 400;\">\u2019s \u201c40 And Under\u201d most influential young business leaders in the MENA region in 2018, Jeremy Savory has only continued to build on his impressive success in the immigration industry. Heading up one of the world\u2019s leading high-net-worth citizenship by investment firms \u2013 with a spotless 100% success rate \u2013 is no small or easy feat. This coupled with his vast experience and commitment to improving upon the due diligence and governance in the citizenship by investment industry is the perfect foundation to provide the necessary commentary on the changes to the Portugal Golden Visa program.\u00a0<\/span><\/p>\n<h4><b>Duarte Norton dos Reis | General Manager of the BWA Group<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">With an impressive career in the real estate industry, spanning nearly a decade \u2013 culminating in the General Manager position at the real estate development company, BWA Group \u2013 Duarte Norton dos Reis has a wealth of knowledge and expertise to share on the <\/span><span style=\"font-weight: 400;\">subjects of real estate ventures and yearly forecasts.<\/span><\/p>\n<h4><b>Christian Henrik Nesheim | Founding Editor of IMIDaily<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, also known as IMIDaily, the leading source of intelligence for the Citizenship and Residency by Investment industry. Nesheim has well-rounded insight into every aspect of the immigration industry and his contribution to this panel is invaluable.\u00a0<\/span><\/p>\n<h3 id=\"agenda\"><em><b>What\u2019s on the agenda?<\/b><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">This webinar on residency and citizenship in Portugal aims to help potential and current investors understand the upcoming changes being made, as well as to answer all queries on the topic and discuss the optimal route for those seeking to apply to the <a href=\"https:\/\/old.savoryandparnters.com\/programs\/residency-by-investment\/portugal\/about\/\">Portugal Golden Visa Program<\/a>. In addition, the benefits that come along with investing in Portugal will also be covered by the panel.<\/span><\/p>\n<p><em><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-34722\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-in-Lisbon.jpg\" alt=\"\" width=\"1600\" height=\"800\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-in-Lisbon.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-in-Lisbon-300x150.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-in-Lisbon-1024x512.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-in-Lisbon-768x384.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-in-Lisbon-1536x768.jpg 1536w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-in-Lisbon-1000x500.jpg 1000w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/02\/Bela-Vista-in-Lisbon-670x335.jpg 670w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/strong><\/em><\/p>\n<p><em><strong>The key topics that were addressed during the webinar are:<\/strong><\/em><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">What makes Portugal the most attractive EU destination amid the pandemic?<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">The details of the Golden Visa program and its success to date.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Updates on new government pricing, as well as 2020 data and trends.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Overview of 2021 real estate market and forecasts for the year ahead.<\/span><\/em><\/li>\n<\/ol>\n<h3 id=\"book\"><em><b>Book A Free Consultation<\/b><\/em><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">We are aware that these changes might cause confusion in potential investors and cause them to be hesitant in making decisions. When applying to\u00a0<\/span><a href=\"https:\/\/old.savoryandparnters.com\/programs\/\"><span style=\"font-weight: 400;\">any Residency by Investment program<\/span><\/a><span style=\"font-weight: 400;\">, please be sure to render the services of a government authorized agent and advisor like\u00a0<\/span><a href=\"https:\/\/old.savoryandparnters.com\/about-us\/\"><span style=\"font-weight: 400;\">Savory &amp; Partners<\/span><\/a><span style=\"font-weight: 400;\">. The internet is rife with fraudulent companies offering scams that promise citizenship or residency within an implausible timeframe and at an impossibly low price. If it\u2019s too good to be true, then it probably is.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Savory &amp; Partners is a\u00a0<\/span><a href=\"https:\/\/old.savoryandparnters.com\/services\/\"><span style=\"font-weight: 400;\">government-approved agency<\/span><\/a><span style=\"font-weight: 400;\"> that specializes in high-net-worth individuals applying to any Citizenship or Residency by Investment program. We are a British Authorised Agent with decades of experience who has helped over 1,100 families obtain second citizenship and have a 100% success rate.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\"><span id=\"hs-cta-wrapper-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-node hs-cta-3980b7cd-7f65-4936-add2-8f19e5386912\"><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/4600110\/3980b7cd-7f65-4936-add2-8f19e5386912\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" id=\"hs-cta-img-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-img\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/4600110\/3980b7cd-7f65-4936-add2-8f19e5386912.png\" alt=\"Apply Today\" width=\"300\" height=\"75\" \/><\/a><\/span><script src=\"https:\/\/js.hscta.net\/cta\/current.js\" charset=\"utf-8\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(4600110, '3980b7cd-7f65-4936-add2-8f19e5386912', {}); <\/script><\/span><\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are considering applying to the Portugal Golden Visa Program before these changes are implemented or would like to know more about the situation, do not hesitate to contact us for a\u00a0<\/span><a href=\"https:\/\/old.savoryandparnters.com\/contact\/\"><span style=\"font-weight: 400;\">free online consultation<\/span><\/a><span style=\"font-weight: 400;\">. All of our team members have at least 5 years of experience in Citizenship and Residency by Investment Programs.<\/span><\/p>\n<h3><em><b>Our Availability<\/b><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">We are available on every channel convenient for you.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Landline:<\/b><span style=\"font-weight: 400;\">\u00a0+971 (0) 4 430 1717<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mobile Phone:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"about:blank\"><span style=\"font-weight: 400;\">+971 54 440 2955<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>WhatsApp:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"https:\/\/wa.me\/971544402955\"><span style=\"font-weight: 400;\">+971 54 440 2955<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>E-mail:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"mailto:contact@savoryandpartners.com\"><span style=\"font-weight: 400;\">contact@savoryandpartners.com<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Signal:<\/b><span style=\"font-weight: 400;\">\u00a0+971 54 440 2955<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Telegram:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"https:\/\/t.me\/savoryandpartners\"><span style=\"font-weight: 400;\">+971 54 440 2955<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In an unexpected announcement, the Portuguese Government has now confirmed that the comprehensive changes being made to the country\u2019s ever-popular Golden Visa program will be postponed until 1 January 2022.\u00a0&#8230;<\/p>\n","protected":false},"author":22,"featured_media":34714,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4777],"tags":[],"class_list":{"0":"post-34826","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blog"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v23.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The New &amp; 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