Some of the Golden Visa holders might have longer waiting times when it comes to residency card renewals. The reason for this is that there have been recent processing delays at the related Portuguese authorities. Nevertheless, the new announcement by the Portuguese government is promising as the residency card renewals are extended until June 30, 2025. The recent developments announced by the Portuguese government are exciting to witness as they seem to bring the developments needed by foreign investors.
Portuguese Residency Card Validity is Extended Until June 30, 2025
If you are about to renew your Portuguese residency card, this is good news for you. The validity of all residency cards will be extended by the Portuguese government. The extension will commence on June 29, 2024, making sure that your residency card will continue to be valid until June 30, 2025. This extension is applicable to all residency cards that expire on or after June 14, 2024.
About the Processing Delays at AIMA
The extension announcement will also help resolve the backlog of applications. The extension of the renewals seems to have a severe impact on the timely procession of residency card renewal applications.
Some Additional Measures to Resolve Backlog
The dedication of the Portuguese government to resolving the backlog at AIMA is significant from the latest announcements and law changes. We can observe this devotion in a number of critical measures. For instance, 300 new members at AIMA will be employed to analyze and resolve the application backlog. The goal of this new team of members will be to solve the waiting applications until June 2, 2025, completing the backlog within a year.
Proactive Immigration Strategy: AIMA will also be more proactive in attracting immigrants to the country and recognize the vital contribution to Portugal.
What Does the Announcement Mean for Portugal Golden Visa Holders?
If you are a Portugal Golden Visa investor and already own a residency card, the new announcement is beneficial for you. Processing times for your residency card renewal will significantly improve. If you are one of those who have already planned a renewal appointment, your existing residency card will be valid beyond June 30, 2025.
So, we understand that the Portuguese government is adding a relaxation to residency card owners who are about to renew their residency in Portugal. This dedication to eliminating the backlog addresses the ongoing support of the government for the Portugal Golden Visa Program.
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