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Yesterday, February 6, the Portuguese Parliament has approved the State Budget for 2020, which confirmed that, until December 31, 2020, the Portuguese Government shall be authorized to amend the regime in force applicable to the issuance of Residency Permits for Investment Purposes (commonly known as “Golden Visas”), set forth in article 90.º A of the Law no. 23/2007, of July 4, in its current wording.
This measure aimed to promote the investment in low density areas, urban refurbishment, cultural heritage, high value environmental and social activities, productive investment and creation of job positions.
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