Inspection and supervision will be given to the gold visa initiative according to an announcement by Deputy Prime Minister, Paulo Portas.
The gold visa system aims to reward foreign investors who seek to by premium property in Portugal.
“we shall be opening up the range of opportunities for gold visa investors taking into account an economy that is already growing and an investment concept that includes property but also extends beyond this sector to open up the scope for financing other investments in other important sectors of our development” said the leader of the junion coalition Popular Party.
Premium property investors are investors who seek to buy property to the value of 500 000 Euros and more. This initiative aims to create jobs as well as bring in foreign capital.
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