How should I prepare for the eventual expiration or closure of the Golden Visa program?

Staying informed about updates to the Golden Visa program is crucial as its closure may impact visa holders.

To prepare for the potential expiration or closure of the Golden Visa program, consider the following steps:

  1. Understand Program Details:

    • Stay informed about any updates or changes to the Golden Visa program. Monitor official government announcements and consult with immigration experts or legal advisors to get the latest information.
  2. Explore Alternative Residency Options:

    • Research other residency or citizenship programs available in Portugal or other countries. Consider programs like the D7 Visa, which is for passive income, or other investment-based residency options.
  3. Ensure Compliance with Current Requirements:

    • Ensure that you meet all the requirements for maintaining your Golden Visa status. This includes meeting investment criteria, maintaining legal residency status, and fulfilling any reporting obligations.
  4. Plan for Business or Investment Continuity:

    • If your Golden Visa is tied to business or investment activities, plan for the continuity of these activities. Assess how a potential closure of the Golden Visa program might impact your business and explore strategies to adapt.
  5. Consult with Professionals:

    • Work with immigration lawyers, financial advisors, or consultants who specialize in Portuguese residency and citizenship. They can provide guidance on alternative options and help you navigate any changes in the legal landscape.
  6. Consider Long-Term Residency or Citizenship:

    • Investigate the possibility of transitioning to long-term residency or citizenship options if you plan to remain in Portugal permanently. This might involve fulfilling additional residency requirements or applying for naturalization.
  7. Maintain Proper Documentation:

    • Keep all documentation related to your Golden Visa and investments in order. This will be useful if you need to demonstrate compliance or transition to another residency status.

By taking these proactive steps, you can mitigate potential disruptions and ensure that you are prepared for any changes to the Golden Visa program.