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Portugal considers stopping ‘golden visa’ scheme

Portugal is considering giving up its “golden visa” scheme to attract wealthy investors, considering that it has “fulfilled its function”.

Prime Minister António Costa said that several programs currently under reevaluation include the golden visa scheme, “which has probably already fulfilled its function and for which there might no longer be any justification for maintaining it”.

Under the 2012-launched scheme, investors from non-EU countries can get Portuguese residency if they invest more than EUR 280,000 in real estate or at least EUR 250,000 in contributions to the arts.

That is a popular scheme among investors . . .

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