Delays in processing applications

However, one of the key criticisms of the Portugal Golden Visa Program has been the delays in processing applications.

To address this issue, the Agency for Integration, Migration, and Asylum (AIMA) has recently implemented several measures to streamline the process and has set a goal to process all pending applications by July 2025, aiming to restore efficiency and confidence in the program.

Credits: Supplied Image; Author: Advertiser;

As of 2025, investors can reasonably expect the entire process—from application to obtaining a passport—to take approximately six years.

Administrative process – multiple entities

That said, the administrative process includes several aspects and involves multiple entities beyond AIMA, which may also contribute to delays in application processing, namely:

Legal & Financial Requirements

  • Portuguese Tax ID (NIF) – Required for all applicants, obtained through a tax representative in Portugal.
  • Portuguese Bank Account – Needed to process investments and transactions.
  • Due Diligence & Compliance Checks – Banks conduct Know Your Customer (KYC) and anti-money laundering (AML) procedures.
  • Notary Certification – Some documents must be certified by a Portuguese notary or lawyer.

Investment Compliance & Documentation

  • Selecting a qualifying investment funds and engaging with the management company for compliance validation.
  • Ensuring all investment documentation is properly prepared and meets regulatory requirements.
  • For USA investors, to ensure the investment fund is USA - FATCA compliant and PFIC ready.

The administrative process requires coordination between lawyers, banks, investment firms, notaries, and AIMA, making it essential for applicants to work with experienced professionals to navigate the process smoothly.

With CERES Food Retail’s 360° Service, investors enjoy a seamless, hassle-free Golden Visa process, ensuring maximum efficiency and full compliance.

CERES Investment strategy

Credits: Supplied Image; Author: Advertiser;

In terms of investment, CERES invests in one of the business sectors most resilient to crisis and with growth potential, FOOD RETAIL (more information in the Fund brochure).

The fund’s investments operate under the brand Continente BOM DIA, the proximity retail brand of SONAE Group (the largest economic group and employer in Portugal).

Credits: Supplied Image; Author: Advertiser;

Eligibility and compliance

Finally, CERES Food Retail eligibility and compliance are officially validated through legal opinions from EY Law and Sérvulo & Associados, one of Portugal’s most reputable administrative law firms.

Overall, the CERES Food Retail Fund provides a secure and structured investment pathway, offering a FAST TRACK to Portugal's Golden Visa.

https://www.youtube.com/watch?v=Zd_qo4bKM5A&ab_channel=MagnifyPartners

To learn more about Golden Visa Portugal visit our LinkedIn page https://www.linkedin.com/company/magnify-equity-operating-partners/posts/?feedView=all or visit us at www.magnifygvfunds.com

Discover the CERES Food Retail: https://magnify.partners/fund-management/ceres/

João Barata

Board Member | MAGNIFY Capital Partners

jmb@magnify.partners