SEF to speed up concession of Golden Visas

The Government plans to create a priority process within “SEF” (Immigration and Borders Service) to accelerate the granting of Golden Visas. Currently, many of these potential investments are going to Spain due to excessive delay in Portugal, where applications take as much as ten months for approval. So far this year, investments have already fallen by around 60%. In 2016, Spain attracted €1.1 billion as compared to €873 million in Portugal.

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