A new document was published yesterday with slightly more details. Here’s what it has to say about the Golden Visa:
ENDING GOLD VISAS
OBJECTIVE
To end the Gold Visa regime.
HOW IT WORKS
- No new Gold Visas may be issued.
- In the case of renewing those already granted, every two years, the
- only occurs if
- i. the property is allocated as the owner’s or descendant’s own and permanent residence;
- ii. it is subject to a rental contract for own and permanent residence for a period of not less than 5 years.
With the new legal regime for the entry, stay, exit and removal of foreigners from the national territory, the granting of visas for special purposes is still possible, and must follow these legal procedures.
It also states that the hearing is open until March 10 and you can submit your comments via the link above.
Here’s a version of the document translated to English using DeepL:
MaisHabitacao_ConsultaPublica vf en-US.pdf (894.2 KB)
EDIT: There’s also a Q&A document available on this page.
It doesn’t have much more detail than what was stated during the presentation. The relevant section translated:
END OF GOLD VISAS
THE STATE STOPS GRANTING GOLD VISAS THROUGHOUT THE COUNTRY? FOR ANY INVESTMENT?
Yes, the legal regime of residence permits for investment is revoked throughout the country.
CAN THOSE WHO ALREADY HAVE A GOLD VISA RENEW IT?
Yes, if they prove that
- (a) the property is allocated to the owner’s own and permanent residence or that of his/her descendant;
or
- b) if it is the object of a rental contract for own and
own and permanent residence
WHAT IF IT IS A GOLD VISA FOR INVESTMENT, SUCH AS CULTURAL PATRONAGE?
With the new legal regime for the entry, stay, exit and removal of foreigners from the national territory, the granting of visas for special purposes such as investment is still possible, and must follow these legal procedures.