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Latest Update on Portuguese Golden Visa Program and Business Opportunities

11 October, 2023
Latest Update on Portuguese Golden Visa Program and Business Opportunities

Dear Mercan Properties Partners and Investors,

We would like to update you on recent developments related to the Portuguese Golden Visa Program. On Friday, October 6th, the "Mais Habitação Law" was published, introducing several noteworthy changes to the program. We want to ensure you are well informed about these changes:

Processing of Existing Applications: All applications submitted before the enactment of the new law will continue to be processed, and the rights of renewal will be upheld.

Unchanged File Analysis: Applications received until the new amendments come into effect will be assessed according to the existing rules and regulations.

Family Inclusion: The legislation regarding the inclusion of family members remains unaltered. Family reunification will still be possible after the implementation of the changes.

Citizenship and Permanent Residency: No modifications have been made to the procedures for accessing citizenship and permanent residency.

As of the publication of the "Mais Habitação Law," investments under the real estate categories of the Golden Visa Program are no longer possible. However, Mercan Properties remains committed to exploring new business opportunities within the hospitality sector and service industry. This includes investments in available funds that can still be used for program submissions, all within the existing legal framework of the Golden Visa.

Our team is dedicated to maintaining the highest standards of quality and excellence. We continually strive to enhance our product offerings, optimize our processes, and exceed the expectations of our partners and investors.

We sincerely appreciate your trust in Mercan Properties as your valued partner. Your partnership plays an integral role in shaping our strategies, and we are dedicated to delivering even more value to you in the future.

Thank you for your continued trust and confidence in us.  We will continue to achieve significant milestones and contribute to the growth of global mobility and the hospitality sector in Portugal.