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Portugal Has Processed 13 Percent of Its 46,000 Golden Visa Backlog
Portugal

Portugal Has Processed 13 Percent of Its 46,000 Golden Visa Backlog

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Portugal has processed 6,000 of the 46,000 golden visa applications sitting in its backlog, about 13 percent, Minister of the Presidency António Leitão Amaro told parliament on 8 October. Roughly 30,000 biometric appointments have been scheduled, a figure that measures diary slots rather than decisions.

What it means for a foreign buyer

This is not directly a property story, because buying Portuguese real estate no longer qualifies anyone for the residence permit. The route closed, and what remains are the fund and business options covered in our guide to what actually qualifies now. It still changes what you do, in three ways. If you have a file in the queue, you now have a denominator: 13 percent cleared against an average wait that IMI's second-quarter survey put at 50.4 months, up from 43.9 months in the first quarter, with the fastest file in that sample taking 36.3 months. Plan for a four-year horizon on the permit and do not make a property purchase, a school enrolment or a tax-residency decision contingent on a card arriving sooner.

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