'Gold Visa' residence permit scheme to be 'evaluated'

By TPN/Lusa, in News · 15-01-2020 18:10:00 · 1 Comments

The Minister of the Interior said Wednesday that the government intends to change the gold visa scheme with regards to investment in real estate, which was around €650 million in 2019.

Eduardo Cabrita said that the gold visa scheme allowed for more than €700 million of investment in 2019, about €650 million of which was in real estate, especially in the municipalities of Lisbon, Oeiras, Cascais and Sintra.

The Governor specified that this year an evaluation of the Residence Permit regime for Investment, known as gold visas, is foreseen, with the objective of its alteration, "namely in the model of investment in the interior".

Eduardo Cabrita stated that the gold visas had "the relevant effect of attracting investment and urban requalification", besides "some dimension of job creation".

According to the minister, 20 of the 28 EU countries have mechanisms of residence allocation based on mobilization of investment.



By Paul Burlingame from Lisbon on 17-01-2020 02:02
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.