I am interested in seeing the actual text/law that explicitly says about this matter.
There are some situations here:
A: one had 2 years first card, 2 years second card, and now he has third card with validity of 2 years. When he completes 5 years (card based), he sells his investment and his third card still has 1 year validity. Then he requests Aima for an GV PR. Is it possible?
B: one maintains the investment while requesting GVPR and he only sells his investment after having GV PR. Will he be able to renew his GVPR ? What exactly aima will ask during the GVPR renewal?
āRegarding traveling, permanent residence does not equal EU free movement rights, but it significantly strengthens oneās position when dealing with EU institutions, employers, and universities, and it can be a stepping-stone to EU long-term resident status.
Nevertheless, it is not a passport and does not give access to Portuguese visa free agreements.ā
My TR card gives me free travel right within Schengen area. Does it mean that PR does not give this convenience?
EU āFreedom of movementā granted to EU Citizens is a much bigger dealā¦
the right to look for a job, work, and reside in another EU country without a work permit, and to enjoy equal treatment with nationals in terms of employment, working conditions, and social/tax advantages.
Donāt let the GV shills allow you to think PR is āalmost as good as Citizenship,ā now that Citizenship is much harder for them to promote.
It doesnāt explicitly say that you can sell (it would be strange if it did, TBH), but it is not listed as a requirement to maintain the investment and AIMA has also clarified that itās not required.
What was said in the recent webinar hosted by Madalena Monteiro was that you should keep the investment until youāve been granted the PR just in case of any issues with the applicationāand either way at the very least you need to have it at the point of application.
There isnāt really a renewal of the PR right per se (you donāt need to qualify again to maintain your PR status), itās an administrative act to renew the card.
This is the same for the regular PR, by the way. You wonāt be asked during the renewal to prove that you have been at least six months in Portugal per rolling three-year period (which is the minimum stay requirement for that permit). It would be up to the state to bring a case to revoke your permit in case they suspect that youāre not meeting the requirement.
You still need to show regular items such as proof of available accommodation (can be a contrato de comodato or similar), no tax/social security debts in Portugal, etc. I believe this goes for both PR types.
This is the catch. If aima has already clarified, then there should be written format on Aimaās site. If they only clarified verbally without publishing a concrete text (in seminars or in a meeting between Aima and lawyers), I would not put any trust on it. To deal with Aima, even with clear text written by Aima, it is still challenging. Without having any concrete document to support, i would not sell investment until having citizenship.
Although some lawyers said that investors would be free to sell investments after having GVPR, the truth is that there is no success case so far. Iāve never seen/heard/knew about a PRGV holders with (or without) the investment intact.
Even in writing is meaningless if they can change the policy later. AIMA clarified that they were counting citizenship time from application but that means nothing going forward if the policy changes.
Well, it is a form of EU residency. If you use your PR to spend 5 years in the EU, then it is a stepping stone to EU LTR. There is no requirement that your 5 years to count for EU LTR have to be contiguous that Iām aware of.
Granted of course many people arenāt getting their PR to be able to spend tons of boots-on-ground time in the EU. But some are - they want to spend time in PT or the EU, just not necessarily as much as is required by D7/D8/etc. So maybe they reach EU LTR in 10 years instead of 5.
Itās a stepping stone, but no more of a stepping stone than any other type of residence permit is, just perhaps more flexible.
As far as I know, EU LTR requires at least 6 months per year in the county where you want to apply for EU LTR. The only country Portuguese PR lets you spend 6 months in per year is Portugal (other countries are limited to the 90/180 Schengen rule). But you could already do that with plain GV.
