3.5 years waiting as well 
We also keep being told by Portuguese professionals (lawyers, consultants, fund managers, etc.) that things will get better… but they only ever get worse and worse 
8 Likes
I’m just wondering what you even expect to get out of the GV at this point. I doubt citizenship without living in PT full time is still on the table. It might be in theory but very likely the law is changed to prevent that within the 15 years it would take you to be eligible.
6 Likes
Quick moderation note: I deleted a few posts that veered off topic.
For the record, I think @friendswithben’s original statement about ADN belongs in the thread since it provides helpful context for why ADN’s proposal probably doesn’t have the weight of any established political parties behind it.
The only minor potential inaccuracy in that statement seems to be that they are Evangelical, though despite having significant support from Brazilian Evangelical groups in particular I don’t think they officially classify themselves as an Evangelical party.
2 Likes
Accurate or not(that’s is highly debatable even if you think it’s hot), I hope you continue to keep to discourage things like Covid and climate change discussions that are off topic, and don’t just ban people you personally disagree with based on your own views. 
The only weak argument I have against this is that if it happens, we’ll have a residency card advantage that allows us to relocate and apply for permanent residency under normal conditions and save the waiting time. That obviously doesn’t work for everyone and costs too much money to maintain.
Even if it means I should keep my investment for 5 years after getting a residency card, it’s still better than keeping my investment for 10 years after that. But I hope one way or another they’ll also count GV since the day of the application somehow. There is still hope.
It takes anywhere from 1 to 5 years to get your first card, and GVPR is only counted from the day you receive your first card. So, you can figure how many years needed to keep your investment.
2 Likes
I feel like in the age of AI any online test could be cheated with ChatGPT so that’s what I’d do.
If you applied in 2021 - yes.
If you applied in 2025, it seems like people are getting their appointment within 1-1.5 years followed by a card 6 months after.
News article about the petition to the ombudsman:
3 Likes
Investment exiting Portugal is the only way to clearly “explain” consequences to politicians.
Presumably including the Optimize redemptions I wrote about earlier…
Between January and May of this year, €94.7 million was redeemed from Portuguese investment funds eligible for ‘Golden Visas’.
This figure is nine times higher than that recorded during the same period last year.
It doubles the total withdrawn from these funds in the entirety of 2023 — which stood at €45.3 million—according to data provided by the Portuguese Association of Investment, Pension and Asset Management Funds (APFIPP) to the weekly newspaper Expresso.
Nevertheless, total subscriptions reached €283 million through May, far outpacing redemptions, though this represents a slowdown compared to the same period a year earlier.
2 Likes
These “cash-outs” will increase as the legal process continues and GV applicants and holders continue to lose.
4 Likes
If anyone thinks this is a significant amount of investment to the government - you are mistaken. It’s not ideal, but it will never be a deal changer even if every si for GV applicant withdraws their funds and sell their Re property, that’s just the reality.
It’s not clear to me that the rate of cash-outs is increasing due to investors abandoning the GV route, rather than achieving PR or citizenship. The withdrawals could be from people who entered the program in 2015-2017 when things were more normal.
I entered in 2015 and no it was not normal even then. I am still stuck
5 Likes
But since other people are investing, they’re net to the good - so, so what if some malcontents cash out? Better to have new money anyway.
The president of SJC – Association for Civic Participation states, in an interview with Lusa, that he hopes that, within the framework of the new Nationality Law, the Minister of the Presidency will be open to finding solutions that safeguard legal certainty.
Changes to the Nationality Law could lead to losses of €15.9 billion in Portugal over a decade, according to a study by ISEG Junior Business Consulting commissioned by SJC, which was formally established as an association in June.
The association requested a meeting with the Minister of the Presidency, António Leitão Amaro…
3 Likes
I am sorry can someone explain what happens with people who applied and didn’t get a card yet? I think this thread is too long and too complicated for me to understand.
What’s tldr?
The lawsuit got filed, does it mean anything? How much should I hope for? Is chatgpt’s summary accurate?
The honest answer is no one knows, yet. No rules have been issued by AIMA (legally required to issue them by today, lol)
The safest answer is it’s over.
Based on the behavior of the Portuguese government so far, if the courts rule against the government they’ll just reassign the single agent they have working on the backlog of GV cards and never issue any more. They’ll keep laughing in your face until they retire. Besides, in 10 years, they’ll have changed the naturalization law again, you’ll have had to have been a tax resident for the past 5 years, etc. There’s almost no chance of any of us naturalizing, and a low chance of even getting a PR (unless you actually live in Portugal). Now, even if your goal is a 7 days a year tool to get into the Schengen zone, it won’t even work because they will never issue the cards.
7 Likes
Two separate things. The summary is about the change in the citizenship requirements, not the delays in processing GV applications.
Like all AI, the summary is somewhat helpful but not sufficient. It doesn’t cover your situation, for example, and the “contested group” breaks down into several categories, like GV holders who filed for citizenship without ticking all the boxes, GV holders before the counting method is thought to have possibly been changed, etc.
TLDR: too long, don’t read.
1 Like