Government creates working group to evaluate the end of gold visas

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The Ministry of Economy, the Ministry of Foreign Affairs and the Ministry of Internal Administration are part of the working group.

The government is creating a working group with the ministries of Economy, Foreign Affairs and Internal Administration to evaluate the end of gold visas, following the Prime Minister’s announcement, said the Minister of Economy.
“Following the Prime Minister’s announcement, a working group is being set up with the Ministry of Economy, the Ministry of Foreign Affairs and the Ministry of Internal Administration,” said António Costa Silva, adding that “at this point, there is no decision” taken.
The Minister of Economy and Sea was answering questions from the PSD, in a joint hearing of the parliamentary committees of Budget and Finance and of Economy, Public Works, Planning and Housing, as part of the appreciation, in specialty, of the proposed State Budget for 2023 (OE2023).
The prime minister said last week that the government is evaluating the continuity of the gold visa scheme to obtain a residence permit in Portugal, admitting that its maintenance may no longer be justified.
António Costa was speaking to journalists at the end of an almost two-hour visit to the Web Summit exhibition area at the Feira Industrial de Lisboa (FIL), after being asked about the special tax regime for the so-called “digital nomads”.
The prime minister defended the continuity of the policy of attracting investors in Portugal, especially in the area of technology, but made a distinction in relation to the regime of gold visas, in which you get a residence permit in the country following, for example, the purchase of a property of high value.
“There are programs that we are currently reevaluating and one of them is the gold visa program, which has probably already fulfilled its function and at this moment there is no justification to keep it”, declared the leader of the Executive, with the Minister of Economy, António Costa Silva, at his side.

 

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