Golden Visa Misery: “This is an absolute scandal”
Worldakkam 15 June 2022
Hundreds, if not thousands, of “golden visa customers” (wealthy individuals enthusiastic about investing in this country) can ruin the day they chose Portugal.
Since the beginning of this year, the SEF Border Authority has virtually decided to unilaterally freeze residence permits for investment, also known as the acronym for ARI in Portugal. ‘legal’.
Golden visas need to be renewed, but more and more foreign investors feel “high and dry” every day as the SEF refuses to issue renewal appointments.
Yes, if they remain in this country, they are basically “ok”. But if they leave, the trip becomes a nightmare, as their documents indicate that their residence permit (allowing free entry into Schengen countries) has expired.
We are not just talking about Chinese investors, the nationalities most attracted to the Golden Visa program that started 10 years ago. This scheme continues to attract investors from around the world, including the United States, South America, South Africa, Russia, India, and more recently the United Kingdom