Feels like she “gets it.” Any way to leverage this, other than sending her a message saying “Amen to that?”
Lurdes Gramaxo has just been re-elected for another three years as head of Investors Portugal. She leads an association that brings together around 30 venture capital managers and directly or indirectly represents more than 300 business angels in Portugal, who together have around 6 billion euros in assets under management.
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The word Golden Visa has a level of toxicity that perhaps does not encourage it.
Exactly, exactly. And this is the problem: sometimes hasty decisions are made just because of public opinion, just because the instruments cannot actually be explained.
We lack private capital in this ecosystem. Now, we need to have much less bureaucratic processes, much less difficult to implement these instruments. Even today, you can invest in venture capital and obtain a Golden Visa, but it takes two years to be called for an interview with AIMA. It doesn’t make sense, people give up.Have you had any complaints?
Some funds that had this Golden Visa instrument had a lot of difficulty. First, because the loss of reputation is very significant. People were afraid, because after all, things change and I’m halfway through and then I can’t get [the visa]. And the bureaucracy of the process also made it very difficult.