Protect Yourself with a Certified Process
Starting from the beginning of 2024, significant changes to Portugal’s immigration laws are taking effect, particularly regarding the Golden Visa program (you can read the full article here). Since January, property investment no longer qualifies as a pathway to obtaining a Golden Visa in Portugal. While this new regulation is designed to ensure transparency and streamline immigration processes, it has also given rise to an alarming trend: unscrupulous companies exploiting investors who may not be fully aware of the legal changes.
These schemes not only put investors at financial risk but could also jeopardize their immigration status and future prospects in Portugal.
Understanding the Fraudulent Scheme
Some shady companies operating in the real estate sector are misleading potential investors with false promises. They claim that purchasing property in Portugal will still qualify for a Golden Visa or that they can help investors bypass the residency requirements through questionable means.
Here’s how these frauds typically unfold:
1. Misinformation: Investors are told that property investment is still a viable option for obtaining a Golden Visa, even when it is no longer legal under the new regulations.
2. Unnecessary Purchases: Investors are pressured into buying properties that do not align with their actual immigration goals, incurring substantial costs.
3. Shady Justifications for Absence: The companies then offer “solutions” for meeting residency requirements without actually living in Portugal, creating a façade of compliance with immigration laws.
Such practices are not only unethical but also illegal. If detected, the Portuguese Immigration and Borders Service (AIMA – Agência para a Integração, Migrações e Asilo) could blacklist the investor, barring them from entering Portugal for immigration violations. This could result in severe financial losses and the loss of opportunities to gain legal residency or eventual citizenship in Portugal.
The Real Risks for Investors
Investors who fall victim to these frauds face significant risks, including:
• Financial Loss: Buying property under false pretenses can result in wasted money on unnecessary investments.
• Immigration Penalties: Misrepresentation in the residency process can lead to rejection during visa renewals, potential deportation, or a permanent ban from re-entering Portugal.
• Legal Issues: Associating with fraudulent practices can expose investors to investigations and legal consequences, further damaging their reputation and standing.
How to Protect Yourself
To safeguard your investment and immigration goals, it is crucial to work only with reputable firms that adhere to legal and ethical practices. Here are key steps to take:
1. Verify Legal Expertise: Ensure that your immigration process is managed by certified lawyers who are experts in Portuguese immigration law.
2. Avoid High-Pressure Sales: Be cautious of companies that rush you into making decisions or buying property as a prerequisite for a visa.
3. Stay Informed: Keep yourself updated on the latest changes in Portugal’s immigration policies to avoid falling prey to misinformation.
4. Request Transparency: Work with service providers who are open and honest about the process, requirements, and associated costs.
Our Certified and Transparent Process
At PASPORTUGAL, we are committed to providing ethical, legal, and effective solutions for investors seeking residency in Portugal. Our process is fully vetted by certified immigration lawyers, ensuring that every step complies with Portuguese law and protects your interests.
Here’s what sets us apart:
• Expert Legal Guidance: Our team includes experienced immigration lawyers who navigate the complexities of Portuguese immigration law with precision and professionalism.
• Tailored Solutions: We provide customized pathways to residency based on your individual circumstances, without unnecessary investments or shortcuts.
• Full Compliance: Our processes meet all residency requirements transparently, eliminating the risk of penalties or blacklisting.
• Ongoing Support: From application to renewal, we support you at every stage to ensure a smooth and compliant experience.
With the upcoming changes to Portugal’s Golden Visa program, investors must exercise caution and vigilance when selecting service providers. Falling victim to fraudulent schemes can lead to devastating financial and legal consequences. Protect yourself by working with certified professionals who prioritize transparency and compliance.
At PASPORTUGAL, we value your trust and are dedicated to helping you achieve your residency and investment goals in Portugal the right way. Contact us today for a consultation and let us guide you on a secure path to success.
