The Portuguese Confederation of Construction and Real Estate (CPCI) is concerned with the data assignment visa program ‘gold’, “revealing a complete stop” last month.
In a statement, the CPCI cites official figures to highlight the “full stop allocating new visas in May with a record of only six residence permits for a total of four million euros [investment], which compares with 54 million in the previous month “.
Given these data, the Confederation” questions the reasons for this full suspension “, particularly if Portugal” is no longer attractive for foreign investors “or” investors remain “and that there are “issues of bureaucratic”.
Heard by TSF, Manuel Reis Campos, president of the Confederation said that the agency has already done following requests for clarification to the Ministries of Foreign and Internal Affairs.
The one responsible remember that there are other markets that have more flexible conditions to attract this type of investment. “This competition from similar schemes that exist in other countries, could jeopardize the real estate interest” of Portugal.
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