I donāt know who writes this stuff for TPN, but they clearly have no clue about the ARI. It just seems to be regurgitated briefings by real estate lobbyists complaining about āthe end of the Golden Visaā.
3 Likes
Dodgy advertisers, Iām guessing
2 Likes
President Marcelo today revealed that he has already promulgated the More Housing bill:
(H/T to @cj807 as usual 
)
That means that itās just a matter of very few business days until the law will take effect (still pending the official publishing).
In other words, if youāve invested but not submitted your application, submit it ASAP!
7 Likes
I, for one, am glad to see this law finally passed and signed to law. This will finally put an end to the scourge of money laundering and now, after too long of a delay, housing will become affordable once again. But even if it is not provable that golden visa applicants are money launderers and the cause of housing shortages, and even if the price of housing does not decline, surely there can be some other group of people who have no representation or voice and can be blamed for the continuing problems facing us.
/s
(redacted, cuz I clearly canāt do sarcasm)
I think Mr Anonymous was being satirical
I really hope so 
because I couldnāt get my head around someone worried about housing and money laundering simultaneously.
1 Like
Has there been clarity as of yet what this means for people who invested in real estate prior to the new law? Will we be able to renew?
Unfortunately , not really. I think for the next few months the mantra will be āwait for the regulationsā
However the prime minister has assured that there will be no retroactivity what this means in practice isnāt entirely clear.
Bottom line : you will be able to renew but cannot know what exact steps are needed
Agreed. On the bright side, when it comes to renewals, conversion to D2 seems to be automatic - it doesnāt involve the famous āentitiesā verifying anything. But SEF/AIMA currently has no processes to cover the new regime, so Iām guessing theyāll suspend real estate ARI renewals (and applications) until they get new regulations and re-write their manual.
If you already have your first card, the good news is that I believe the clock is ticking regardless ā¦ so if you have a 2 year card validity gap due to SEF messing around, thatās just one less card you have to pony up money for.
But if you donāt have your first card, especially if youāre just applying now ā¦ ouch.
4 Likes
Possibly but since the law states that essentially āthere is no impact in prior applicantsā itās possible they may just continue as before without waiting for new regulations . After reading the new law Iām not 100% sure they will convert existing cardholders to a d2 . They may just have existing stay as ari and any new applicants are d2
2 Likes
So thereās been discussion on converting ARI renewals to D2. But that might be forgetting the fact that ARI still exists for cultural/artistic and fund-non real estate investments. Iām guessing since these other non-RE categories still exists, there is a high possibility that ARI renewal for RE could be grandfathered. Iām a bit optimistic here.
1 Like
Iām surprised it wasnāt trailed in the news first, but it was going to happen sooner or later - anyone who still wants it, get it nowā¦
1 Like
The end of the NHR scheme is being discussed over here:
5 Likes
The More Housing law will be published in the official journal tomorrow (Friday) at 9 am Portuguese time, meaning itāll take effect the following day.
So if anyone is still trying to get their application in they only have until tomorrow (Portuguese time)!
3 Likes
Hi Thomas
Thank you very much for prompt updates! Hope you are doing very well!
What if my application (I am the principal) was submitted to SEF on 30/9/2023, but the applications of my family members have not been submitted. Must the applications of my family members be submitted by 6/10/2023. Otherwise, they can not get the GV as me.
RF protocol is unaffected, you can add dependents at any time.
1 Like