Doing Business In..._2026

PORTUGAL TRENDS AND DEVELOPMENTS Contributed by: Joana Torres Fernandes and Luís Maria Branco, LVP Advogados

long-term objective for many international clients, the pathway towards Portuguese nationality has become longer and more demanding. In practical terms, applicants will remain dependent on the immigration system for a longer period before becoming eligible for citizenship. This has implica - tions in terms of residence permit renewals, costs, minimum stay requirements, documentary compli - ance and overall planning. The new framework also expressly reinforces the requirement that applicants demonstrate the ability to support themselves finan - cially, which may result in greater scrutiny of income sources, financial documentation and long-term eco - nomic stability. The impact varies depending on the residence route. Golden Visa (a residence-by-investment scheme for non-EU nationals) applicants may be required to maintain their investment for a longer period and man - age additional renewal cycles. Holders of residence permits such as the D2 (entrepreneur), D7 (passive income) or D8 (remote work) may need to maintain a stronger and more continuous connection to Portugal over an extended period. These changes are already influencing decision- making, particularly where relocation strategies were initially structured around a shorter timeline to citizen - ship. The new framework also reinforces broader integra - tion criteria, including requirements connected to knowledge of Portuguese culture, history, national symbols, civic principles and the political organisa - tion of the Portuguese State, in addition to Portuguese language proficiency. Despite the entry into force of the reform on 19 May 2026, as of the date of writing, the Portuguese Nation - ality Regulation has not yet been amended to reflect the changes introduced. Consequently, the practical implementation of certain new requirements, including the integration assessments and the relevant eviden - tiary and documentary procedures, remains unclear. Timing has therefore become a critical factor. The moment at which a residence application is initiated,

the time taken for the residence permit to be issued and the applicant’s ability to maintain residence com - pliance may now directly affect the long-term national - ity timeline and overall strategic positioning. Importantly, the new framework generally preserves the application of the previous rules to nationality procedures already pending at the time the reform entered into force, reducing the immediate impact on applicants who had already submitted their requests before May 2026. Portuguese citizenship remains attainable and contin - ues to represent an attractive long-term objective for many international families and investors. However, nationality planning must now be approached with a significantly longer strategic horizon, requiring earlier preparation, closer monitoring of immigration time - lines and more careful long-term structuring. Immigration in practice A defining feature of the Portuguese immigration sys - tem is the growing gap between the legal framework and its practical implementation. Meeting the legal requirements does not always result in a timely or predictable outcome. While the law provides a structured set of require - ments, the application of those rules may vary. Applicants may be asked to provide supplementary documentation or clarifications, depending on the circumstances of the case and the administrative assessment. The main challenge is increasingly not whether an applicant qualifies, but whether the administrative process can move forward within a commercially or personally acceptable timeframe. The Agency for Integration, Migration and Asylum (AIMA) continues to face significant operational con - straints. Delays in scheduling appointments, process - ing applications and issuing residence cards have become structural. Applicants may wait several months to secure an appointment, even where all requirements are met,

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