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Portugal to discontinue issuance of new Golden Visas soon
On 16 February 2023, the Portuguese Council of Ministers submitted a proposal to amend the “Entry, Stay, Departure and Removal of Foreigners from the National Territory Law” and stop issuing new Golden Visas to foreign investors. Existing holders of certain Golden Visas will still be able to renew their visas, provided they meet certain conditions.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.