To maintain Golden Visa status, choose investments carefully and seek legal advice if an investment fails. Be proactive in safeguarding visa status.
If the investment associated with your Golden Visa fails, it can impact your residency status in Portugal. Here’s what typically happens:
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Review of Investment Compliance: The Golden Visa program requires that the investment remains active and compliant with its conditions for the duration of the visa. If your investment fails, it may no longer meet the program's requirements.
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Possibility of Visa Termination: If the investment is deemed no longer valid or fails to meet the program’s criteria, the Portuguese authorities may take action to terminate your Golden Visa. This can result in the loss of residency rights and the need to leave Portugal.
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Notification and Appeal: If the authorities decide to terminate the visa, you will be notified and given an opportunity to appeal the decision. You may be able to provide evidence or offer solutions to rectify the situation.
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Alternative Solutions: Depending on the circumstances, you might need to find a new qualifying investment or make adjustments to comply with the program requirements. In some cases, it may be possible to rectify the situation to avoid visa termination.
It’s crucial to monitor the status of your investment and ensure it remains in compliance with the Golden Visa requirements to avoid such issues. Consulting with a legal advisor who specializes in Golden Visa matters can help navigate any challenges related to investment failure.