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Golden Visa: Important news for foreigners going to Europe

Golden Visa: Important news for foreigners going to Europe

Lisbon: The government of Portugal, a country located in the south of Europe, has made an important announcement regarding the convenience of foreigners coming from abroad and their visas.

In this regard, the Foreigners and Borders Service (SEF) of Portugal has announced that a total of 19,000 applications for the renewal of golden visas are pending, which is more than 60 percent of the total number.

of schengen visa info.com According to the report The same source revealed that the renewal of golden visas is mandatory every two years, while the Border Service has clarified that the approval of documents and visas related to the permanent stay of foreign nationals in the national territory has been extended until December 31, 2022. has been done

The announcement emphasized that travelers are facing difficulties due to non-acceptance of expired documents at international airports while some visa holders are banned from entering and leaving the country.

According to a Politico report, SEF has opened about 7 thousand posts for renewal of these residence permits, but a total of 2 thousand posts were left vacant.

The SEF has also emphasized that the majority of golden visa holders are not resident in the country and are not eligible to present themselves on the appointed day.

It should be noted that Portugal’s Golden Visa Program, also known as the Residency by Investment Program, allows wealthy internationals to obtain residency in Portugal.

Provided they meet certain conditions and earn a certain amount invested in that country. Investors who intend to acquire residency in Portugal also need to fulfill certain conditions to benefit from this scheme.

Portugal is one of the most popular destinations in Europe for the Golden Visa scheme, attracting large numbers of wealthy nationals from other countries.

It has recently been reported that Portugal’s Golden Visa program is attracting many Britons.

In this regard, the director of the Portuguese Chamber of Commerce in the UK, Christina Hipsley, said that the increased interest of UK citizens in the Golden Visa program has come as a result of the implications of spending time in Portugal after Brexit.

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