New Residence Authorisation Regime for Investment Activity

Within the scope of the Council of Ministers held on the 22nd December 2020, the Decree-Law that changes the legal regime for Residence Permits for Investment was approved.

This review essentially aimed to channel foreign investment to low-density territories, namely, to the interior regions of the country, thereby blocking investment in the metropolitan areas of Lisbon and Oporto.

The new regime came into force on the 1st July 2021, and will remain in effect until 2022, a transitional regime, in which the value of the planned investments will be successively increased and the possibility of investment in the metropolitan areas will be simultaneously reduced.

Changes to the scheme will not affect renewals of Residence Permits already granted.