Tomas Teixeira (CCA Law
Firm): This is a pilot project ending 31 March 2023 which is positive and
should significantly accelerate the renovation process and open some
availability to process new applications. All involved want to save time,
money, and resources. Expectation, or rather the hope of the market is that
this project is extended.
But why stop here? There
are other easy wins to be considered such as the collection of biometric data
at Portuguese consulates and embassies around the world. This should help get
the program back on track.
Michael Maxwell (EQTY
Capital): This compromise from SEF is a clear acknowledgement that there is room
for improvement and initiatives must be taken to speed up the Golden Visa
application process to an acceptable rate. This is certainly positive and is an
initiative that has been discussed for a while.
We are confident that the
Portuguese Golden Visa is the premier offering in this space when compared to
competing jurisdictions and hence its popularity. Such volume is not easy to
deal with of course and greater resources such as staff or technological
improvements need to be developed by the authorities to cater for the demand to
align the excellence of the program with the experience on the ground of
Vanessa Lima (Prime
Legal): Prime Legal submitted all renewal applications on the day this new
initiative was launched with residency cards already delivered. It is working
and importantly the reputation of the Portuguese Golden Visa Program is back on
What could accelerate this
improvement faster is the utilisation of consulates, eliminating the double
analysis of paperwork that now exists with the electronic and biometric
applications and the creation of an independent department to deal with Golden
Visa applications where the immigration officers could gain specific experience
and expertise in the program and its unique characteristics.