Portugal Golden Visa 2024: Promising Prospects for Foreign Investment and Residency Initiatives

Mercan Group is delighted to announce compelling news regarding the political landscape in Portugal. Following recent elections, a new right-wing government has taken office, heralding a promising shift in policy direction, particularly concerning foreign investment initiatives such as the Golden Visa and Non-Habitual Resident (NHR) programs.

The newly elected government has publicly endorsed both the Gold Visa and Non-Habitual Resident programs, diverging from the decisions of its predecessor during the amendment process. This proactive stance has generated anticipation in the market, anticipating a resurgence in these crucial investment initiatives under a PSD-led government with backing from a right-leaning parliament.

Pedro Fontinho, Executive Director of the Portuguese Residential Tourism Association (APR), has voiced optimism regarding fresh measures aimed at attracting foreign investment. Similarly, Hugo Santos Ferreira, President of the Portuguese Association of Real Estate Developers and Investors (APII), underscored the importance of revitalizing the Gold Visa and NHR regimes, highlighting their pivotal role in stimulating the Portuguese economy by drawing capital and skilled individuals.

At Mercan, we are enthusiastic about these developments and their potential to enrich Portugal’s investment landscape. We are dedicated to keeping you informed and supported throughout this transition. We view these changes as positive strides forward and eagerly anticipate exploring the new opportunities they will present to our investors and partners.