Initially when we applied for the GV in 2020, our plan was to move to Porto permanently and live there full-time, and so we didn’t rent out our apartment.
However, due to the 6-year wait for our GV to be approved (still waiting for first card), our life/familial situation has changed and we can no longer move/live there, and it seems such a waste to keep an apartment that we will only visit for 2-3 weeks every year.
We have also given up on the citizenship, which was our primary goal when we started this, because we have waited 6 years already which count for nothing, and to rent it out would mean paying taxes to PT - F that after how they have treated us.
So we are exploring the feasibility of selling the apartment and putting the money in one of the GV investment funds, but is this even possible? Has anyone done this successfully?
Appreciate any advice you may have on this, thanks very much
Once you’ve received your first residence card, can’t you speak to your lawyers about suing AIMA for PR directly? Sure the regulation says you need to clock 5 years of legal residency (i.e. 5 years from the effective date of your first card), but the law only requires you to hold the GV investment for 5 years–so assuming the delays are entirely SEF/AIMA’s fault (you are not at fault for missing documents in your application, for missing your biometrics appointment, etc.), then at least there is room to argue?
I’m a 2022 applicant who’s also losing 4+ years waiting for the first card. As soon as I’ve clocked 5 years, I’ll be talking to my lawyer about suing AIMA for PR. Even if I wait for 5 years after my first card (so in 2032 or later), chances are it will be extremely difficult to obtain an appointment for GV PR anyway. So might as well sue in 2027.
