“ Regarding pending applications, new requests for renewals, as well as pending renewals of temporary and permanent residence permits for investment activities, granted under the regime prior to October 2023, relating to bank deposits and real estate investment, it is clarified that the residence permit regime for entrepreneurial immigrants applies, with the necessary adaptations, safeguarding the non-subjection to the periods of stay in Portuguese territory that residence for entrepreneurs requires. It remains to be seen how, in practice, the “entrepreneurial” element will be applied to this type of investment and whether there won’t be a retroactive aspect to discuss here in terms of unconstitutionality.”