Portugal is making significant changes to its Golden Visa program to address long-standing delays and improve processing efficiency. The country has transitioned from a traditional paper-based application system to a fully digital platform, aiming to clear a backlog of nearly 45,000 to 50,000 pending applications. This modernization effort is expected to streamline the entire process, reducing the wait times that have frustrated investors seeking Portuguese residency through the program. The government has acknowledged the necessity of this shift, given the increasing demand for the visa and the legal challenges filed by applicants due to excessive delays.
A major improvement under the new system is the automatic scheduling of biometric appointments within 30 to 90 days after an applicant submits their documents online. Previously, applicants faced long waiting periods and administrative hurdles in securing these appointments, which caused bottlenecks in the approval process. In addition, the Agency for Integration, Migration, and Asylum (AIMA) has updated its document submission requirements to accept files in English, Spanish, and French, eliminating the need for costly translations into Portuguese. This change is particularly beneficial for international investors who previously had to navigate complex and time-consuming translation processes.
Since its launch in 2012, Portugal’s Golden Visa program has attracted over €7 billion in foreign investment, primarily in real estate and business ventures. However, recent bureaucratic delays and policy uncertainties led to investor frustration, with many applicants taking legal action to demand faster processing. In response, the Portuguese government has committed to improving the efficiency of the program while maintaining its appeal as one of Europe's top residency-by-investment schemes. The move to a digital application process is a step towards rebuilding investor confidence and ensuring the program continues to attract high-net-worth individuals.
By implementing these reforms, Portugal hopes to restore the Golden Visa’s reputation as a fast and reliable residency option. The digital transition is expected to reduce processing delays, improve transparency, and enhance the overall user experience for applicants. With faster approvals and fewer administrative burdens, the program will likely see a resurgence in applications from global investors. These changes align with Portugal’s broader economic strategy to attract foreign capital while ensuring a more efficient and accessible residency process for international applicants.