Ajmera Law Group Uncovers the Changes in Portugal Golden Visa by Investment

AHMEDABAD, India - July 27, 2022 - PRLog -- Who doesn't want to live in a country full of popular beach destinations?

Portugal is a well-known southern European country with plenty of heavenly beaches. The citizen enjoys quite a bit of economic freedom as the country is decently ranked in the list of Index of Economic Freedom 2022. Thus, business people and investors can leverage the benefits that come with a mostly free economy. That's why Portugal's Golden Visa Residence Program is becoming increasingly popular.

Investors can apply for the program with the help of Portugal golden visa lawyer, achieve residency, leverage the benefits of the economy, and also enjoy the delightful climate. Also, there are many few countries left in the EU offering this kind of opportunity.

"Many inventors are taking this opportunity to acquire residency in Portugal by investment which means a ticket to the EU," stated the spokesperson from Ajmera Law Group.

However, the government has changed some guidelines in the program effective from 1st January 2022. Ajmera Law Group - the Portugal Investor Visa Consultant in India (https://ajmeralaw.com/country/portugal-citizenship-by-inv...) - has stepped forward to create awareness about the changes investors should know before applying for the program.

The first and most significant change is the amount of investment. Earlier minimum funds investors had to put in was 350,000 Euros; now, it is 500,000 Euros. This escalation in investment has made it challenging for people, as they first need to invest relatively more and bear the expenses of living there. Not everyone has this much of a budget.

Further, the government has put restrictions on the locations for the residency by investment program in major cities, mainly Lisbon, Porto, and coastal towns of the mainland. Investors who have already made up their minds but have not received residency need to change their investment destination. However, Ajmera Law Group has found a way so that you can live in the city you desire.

"The government has increased the amount of investment and put up restrictions to the locations for the investment due to their observations and findings. We also have a solution for the investors," the spokesperson from Ajmera Law Group.

"Investors can live in the city they want. But they must invest a minimum of 280,000 Euros in a residential property or a hotel in nearby cities or rural areas. This way, they have invested 280,000 Euros at one place and the rest of their budget, which is 220,000, they can invest in the residential property for personal use in the city they want to stay."

Undoubtedly, Ajmera Law Group has found a fantastic way to get residency by investment in Portugal for investors with limited budgets! They need the investment funds, contact the Indian immigration lawyer, and apply for the program.