As the Portuguese government prepares to unveil its program on April 10th, an atmosphere of anticipation surrounds the discussions on golden visa and non-habitual resident policies. In a heated political debate, recent statements from political leaders shed light on the potential directions these policies may take.
Divergent voices within political parties create uncertainty for expatriates and foreign investors benefiting from golden visas and non-habitual resident status. While some advocate for a return to a more open regime for golden visas and even improvements to these programs, others express reservations and propose significant changes.
It is noteworthy that the previous government left state coffers well-stocked, providing the current government with the opportunity to govern with the largest budget in Portuguese democratic history. This favorable financial situation may pave the way for a review of policies related to golden visas and non-habitual resident status, aiming to attract foreign investment and boost economic development in the country.
However, criticisms and concerns about golden visas cannot be ignored. Many in Portugal believe that these programs have contributed to rising housing prices, hindering accessibility to the real estate market and generating social tensions.
On the other hand, some argue that golden visas represent a valuable opportunity to attract foreign investment, both in real estate and business sectors, especially in less developed regions. This perspective highlights the potential of golden visas as a tool to drive economic development and reduce regional disparities.
As the program presentation date approaches, it remains to be seen how these issues will be addressed by the government. Despite criticisms of previous measures, the state of the treasury left in good condition by the previous government provides a solid foundation for the development of new policies.
Ultimately, the path chosen by the Portuguese government regarding golden visas and non-habitual resident status will determine not only the business and investment environment in the country but also the balance between attracting foreign investment and preserving local interests and social cohesion.