Expatica news

Golden Visa categories widened to include investing in insolvent companies

6242So keen is the current government to continue it generous tax give-away to already wealthy foreigners, the woman with the most boring job title in politics has announced new Golden Visa regulations to make it cheaper for non-Europeans to get a foothold in the Shengen area, but at a greater risk.

The Minister for Internal Administration, Constança Urbano de Sousa, unveiled the new application routes for ‘Golden Visas’ applicants, including a new category that invites investors to put their money into companies that have gone bust but successfully applied to the courts under Portugal’s ‘revitilisation’ laws.


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