If these are true, then at least for real estate investors converted to D2, the GV PR is quite unattractive compared to the 3 year D2 renewal. Much more expensive for just 2 extra years per card.
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Yes, definitely. Plus, I think, language. So at this stage the apparent lack of GV PR isn’t all that surprising. I take it most people with fund-based GV do temporary renewals. I wonder if there have been any GV PR.
Is GV PR not issued for 10 years itself? (like a normal PR).
Nope 5 years for the gv pr
Admin fee around 10K+ Eur
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Well many of us were planning to apply citizenship soon and already did the language test…
Normal PR is 5 years. I believe 10 year PR is only for EU citizens (and maybe Brits under special legacy rules).
My children were in college when I started this and now have graduated. We will not be able to maintain “dependency” for 5 more years. That means that the time and. money spent on their residency (on the path to citizenship) will be for nothing. That frustrates me more than the prospect of 5 more years of waiting.
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If they already have their own residence card, I assume they only need one more renewal at most to make it to 5 years, whereupon they would apply for permanent residency themselves (without proof of dependency since this is their own application based on 5 years of residency) and just wait it out till 10 years and citizenship (if that will in fact be the new timeline)?
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I’ve been reading here for over an hour. I know much less about this topic than an hour ago.
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potentially. our attorney is less sure d/t the nuances in the proposed law. We are all waiting for clarity.
This is interesting news. The president is asking for caution around the measures being proposed so that they don’t wreck Portugal’s international reputation (I think that horse has bolted …). And he says he hopes that he “hopes to receive the texts by the end of his mandate in January”, which suggests he thinks he might not.
Portugal’s parliament can be incredibly slow at approving changes, and even slower at implementing them even if they pass. Hard to gauge the government’s resolve on this particular issue, but laws can easily take 6 mths or more to be finalized and enforced, sometimes over a year if challenged or delayed in committee or court.
One important factor is that the Nationality Law is in a category knows as “Organic” laws, which means they need an absolute majority to be changed - at least 116 from 230 MPs, and that 116 doesn’t change if others abstain or just don’t turn up to vote. The PSD and Chega combined have 130 total, but some PSD deputies might hesitate to support laws if seen as aligned too closely with Chega’s more extreme positions, and Chega has already said it won’t support a program that doesn’t meet some basic requirements that PSD said it won’t support.
Unless the PSD builds a broad coalition on this issue, this program might end up going the way of basically every reform in Portugal, stuck in committee until the next election.
https://www.portugalresident.com/president-calls-for-talent-in-political-decisions-on-immigration/
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You are not reading the room.
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You want explain that? This isn’t just a question of public mood. It’s also about hard numbers and political gamesmanship.
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There are Permanent GV holders. This a 2024 PR-GV card. Applied with an A2 certificate. Card is valid for 5 years and costs EUR10K+. It’s not worth it. I believe many would simply renew their D2 if this citizenship farce stetches to 10 years+.
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Good to know. Does he have to maintain investment and do 7 days / year to renew the card after 5 years?
Yes, the stay and investment requirements for PR GV are the same, PLUS a language level of A2 in Portuguese is also needed to qualify.
Very interesting to actually see one in the wild. There is a post here from five or six years ago that went through the options at the five year mark. PR-GV was at the bottom. Citizenship was at the top, followed by renewing the TR. Since then TR got more attractive when the term was moved from 2 to 3 years and the cost plummeted.
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It’s worth for chinese people only (dual citizenship is not allowed). As you see in the card, the person’s nationality is China. That’s why some chinese prefer PR.
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Interesting. The frustrating thing (among many) is that there has never been any official guidance on what ARI holders are supposed to do if our fund reaches end of term before we become eligible for PR or citizenship, especially when they shift the goalposts and/or delays have blown out the timeline. My fund has a 10yr term. I purchased it a few months before applying for the ARI in 2020, thinking that would leave plenty of runway for delays on the 5yr pathway to citizenship. If they pass the new 10yr residency requirement and I have to shift to a PR track while maintaining the investment, the fund will reach its end before I’m eligible for citizenship, putting both my PR and citizenship in jeopardy. It’s not like I’m going to lock in another long term investment just to cover that gap. No one in the government ever seems to game out the real world consequences of these decisions.
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The PR GV cards are not worth investing in.
It is a 10k + eur / person!!!
Keep renewing the Temporary ones at rhe new discounted fees
Moreover i have seen someone going in a mess with tax authorities due to the interpretation of the residency.
While applying for PR GV the aima asks for the tenancy or ownership of property, and this is interpreted by authorities as a tax resident individual.
Best thing is to keep renewing the Temporary cards
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That 10k EUR does get you 5 years with no need for annoying renewals. Plus I didn’t invest in real estate, so I don’t think I get the new discounted D2 fee. You might be right on the need for a permanent residential address in Portugal for GV PR but I’ll have to look into that … yet another layer of poorly planned and executed policy.