It depends on the individual if it’s worth it, isn’t it?
If you can get more than the fees, go for it, otherwise, don’t.
Same here
Not invested in real estate but something more flexible
Fees are discounted since the specific investment category has gone alongside with real estates
Fees 177 eur
Yes a parent t of mine took the bank deposit (no longer available) GV pathway
Renewal at discounted fees
1 Like
Thanks for confirming. I took that route too and my first renewal is next year, so good to know.
André set out Chega’s red lines yesterday:
- “Chega acknowledged the progress made by the Government, but it fell far short,” he said, adding that “after the acceptance of the bill by the President of the Assembly of the Republic”, the party will insist on the proposal for the “automatic” loss of nationality “for those who acquire it and commit serious crimes”
- (CPLP) residence permit. “The government told journalists, and some of them, of course, that it was going to end the regime with the exception of Brazilians and Timorese. When we went to see the proposal, in fact, the regime remained practically unchanged…” … “If we really want to change, we have to change things like this: entering Portugal as a student or tourist and then staying as a resident…”
- The vote in Parliament is scheduled for next Friday, July 4, at 10:00 [one of a series of votes, I believe?]
- The repeal of the CPLP special regime ― which allows immigrants to obtain residency by entering Portugal with a tourist or student visa. The automatic loss of nationality for those who commit serious crimes. The limitation of family reunification . Blocking the possibility of regularization for an immigrant who enters Portugal illegally. These are some of the proposals that Chega wants to negotiate with the Government, before the plenary discussion of the executive’s measures.
4 Likes
This was a rather problematic program they put in. Student visa to residence is still understandable but Tourist visa to residence is what caused the SEF/AIMA shitshow since most of these were irregular applications.
3 Likes
It’s the most braindead regime ever, to put in bluntly. It’s almost an open door policy
2 Likes
Indeed, what on earth was Costa thinking ?
2 Likes
what on earth was Costa thinking ?
How do I get the maximum number of morality points even if it’s at the cost of Portugal’s society and immigration systems.
2 Likes
Then I get the great job at the EU… fancy that…
3 Likes
The changes to the nationality laws are undoubtedly negative both for the future of funds inflows to PT from prospective ARI applicants, as well as negative for the reputation for future investments. This however, is no longer something critical for the country now.
With the ARI program, an estimated EUR 7 Billion has flowed to PT in various investments.
It is now clear is that PT no longer needs these incremental inflows, in the manner it needed during the years of crisis after the financial crisis, and the crisis of credibility of the PIGS countries of southern Europe in 2012-2014.
In 2012 the credit rating of PT was in the cellar at BB (Neg), which is a completely speculative (non investment grade) rating. Today the credit rating is A(Positive). This is a MASSIVE improvement of 6 whole rating steps (not counting the outlook rating).
Macro fundamentals are now better, research reports are positive and hence, our investments are no longer critical (to avoid imminent prospect of default and sovereign bond prices falling to distress levels , as was the case in 2012-2014). Sadly, it seems that PT no longer needs the scheme to get our money as it once did.
A link for reference…
Portugal | A stunning improvement in public finances.
1 Like
A classic example of: destroying the bridge after crossing the river.
I doubt. They were saying just recently how they wanted to make ARI attractive again (just realized it’s almost MAGA) 
I guess it’s just a blindsided decision and there is a chance it would be discussed at a committee or clarified later. Don’t forget that another government can change the law again and God knows to which direction.
Hold a sec… Are you saying that the GV PR costs 10k euro alone??? That’s massive…
It’s EUR 5000+ or 6000+ more recently for a two-year card. The PR-GV is a five year card. Five years without renewal, what a bargain?
I think if your fund expires before you get citizenship, you can always invest in open ended fund. Just need to make sure you are invested “daily” as you can’t be “not invested” even for one day I believe
2 Likes
That makes it sound like it was always the plan. Of course, it’s easier to pull the rug now without the financial pressure of previous years. But it wouldn’t make sense to do without the populism and current negative sentiment towards outsiders which almost seems global at this point. I can’t think of a single country that is like: we want more foreigners. Really strange times.
At this point I can’t see the government NOT grandfathering in the ARI visa holders. It will destroy the credibility of this program and any future program. If they could quietly grandfather people in, that would be the best outcome for all.
The left cannot support the changes to the citizenship law.
Neither side can justify punishing regular migrants and giving benefits to high net worth individuals (in the sense make it 10 years for everyone else and keep it at 5 years for ARI investors). The public wouldn’t stomach that.
The best path forward would be to quietly grandfather in current ARI holders. Retain some credibility of the program while keeping the door open for future programs of this type.
3 Likes
For those that are interested, here’s a good article that covers each party’s position during a recent debate
2 Likes
Other leftist parties united in denouncing the right’s support for golden visas , which can lead to nationality and are exempt from new restrictions.
The plot thickens…
1 Like
My IQ is too low to understand the game theory behind this. Can someone smart theorize on the implication of the above article?