The Portuguese Parliament has taken a significant step regarding the Golden Visa, deciding to remove real estate investments from the scope of the program.

Portugal -one of the four countries offering the program alongside Spain, Greece, and Malta- voted last week in favor of excluding real estate investments from the Golden Visa scheme.
 

Due to August being the holiday period, the law is expected to come into effect no earlier than September. If the President grants direct approval in September, the law will take effect the day after its publication in Portugal's official gazette.
 

Commenting on this development, which is of great importance to those interested in obtaining a Golden Visa, Vesta Global Co-Founder Teuta Narazan said:

 “The housing law includes many comprehensive changes, so the President may choose to send it back to parliament for reconsideration or request a review by the Constitutional Court instead of giving direct approval. All applications submitted before the law comes into force will be processed in full, and renewal rights will be guaranteed. Therefore, there is still time to invest in Portugal’s Golden Visa. Since legal and financial procedures can take time, we strongly recommend that anyone planning to invest in the Portuguese Golden Visa take action without delay.”
 

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