Portugal Golden Visa program – Update on The Change of “More Housing” bill on September 5, 2023

  • 7 September, 23

Following the State Council that took place on September 5, 2023, with the attendance of the President of the Republic and the Prime Ministry, the Government has scheduled, at the Parliament, the return of the discussion for the “More Housing” law. According to the information received, the discussion will take place on September 21st, followed by the confirmation vote on September 22nd, 2023.

As previously reported, is expected that the Government Party (PS – Partido Socialista), which holds the majority of seats in the parliament, reconfirms the “More Housing” law. If so, and since only the majority of the votes are necessary for this matter, the next step in this process is to send the document to the President of the Republic.

After the voting, the bill will be sent to the President within the next 5 to 7 business days. Upon receiving the law the President has the usual 20-day deadline to decide if he will publish it or not.

From Mercan’s experience, the law may come to force on September 22, 2023. We advise investors to move forward as soon as possible with their investments before the potential end of Golden Visa program.

Please contact Mercan Asia via email at hello@mercan.com so that our team can update exactly the process and timeline of current Portugal Golden Visa Program.

Cre: iaservices