Approvals for Portugal’s “Golden Visa” program appear to be slowing down, with August representing the slowest processing month in two years.
Though there is currently a backlog of over 8,000 applications, just 64 were approved. Hundreds of applications continue to pour in, despite the processing delay.
What is the Portugal Golden Visa?
The Portugal “Golden Visa” is a special residence visa program for non-European Union nationals who have invested in Portugal by purchasing real estate, creating job opportunities for Portuguese Nationals, or making a capital investment.
Through the program, investors may become permanent residents and be eligible for Portuguese citizenship as early as five years after approval.
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