Change of Law – Portugal Golden Visa – Latest Update
Change of Law – Portugal Golden Visa | Recent News
September 22, 2023
As per initially scheduled following the Conferência de Líderes, we would like to inform you, that the Parliament has just reconfirmed the “Mais Habitação” law with the votes in favor of 119 deputies from PS (Government party) and against 87 deputies, which means all opposition – both left and right-wing. Following this approval, the law is expected to be sent to the President within the next 5 to 7 business days. Upon receiving the law, the President has an 8-day deadline to ask for it to be published. However, given that the law is quite controversial, this deadline may not be complied with.
Our advice to all our clients is to move forward as soon as possible with their investments. The current average time to conclude the investment, with IAS, is currently under a week and will be reduced to 2-3 business days – which provides enough time to invest and be part of the Portuguese investment program under the current regime.
We will continue to monitor the situation as closely as possible, keeping investors and partners informed of any developments while remaining available for any clarifications needed.
Thank you for your attention to this matter.
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