With economies going for a free fall, Portugal’s situation worsened, thanks to the 2003 recession that kept the country stagnant for a while. The scheme came into place as a revival route from the global financial crisis that gripped Portugal and the world in 2008. The authorizations for residency of investment (or popularly known as ARI) was incepted in the year 2012. Let’s dive deeper into how this creates an opportunity for you. The changes were structured towards increasing the minimum capital investments in the country. The postponement of the restrictions makes it a ripe time to invest in the dense areas of Lisbon, Porto and Algarve, along with the coastal spaces in Setubal and Silver Coast. Pre-planned for July 2021, the amendments sought to curb the money-spinning investments in the area. In view of the recent turn of events, the Portugal government has taken a decision to extend the deadline for the country’s Golden Visa restrictions to the beginning of next year.
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