At the end of July 2020, the Government of Portugal approved a new schedule for the extension of residence permit for investors.
If an investor has applied for participation in the Golden visa program after April 1, 2020, the first time he will extend the status in 2 years. All subsequent renewals are made every 2 years.
If an investor has applied for participation in the program until April 1, the old scheme of renewing residence permit - 1 +2 +2. That is, the first extension must take place in 1 year after obtaining the status.
Thus, under the terms of the program, the investor regularly renews his residence permit. It is also possible for holders of gold visas to obtain citizenship of Portugal, if the resident status was maintained for 5 years. Therefore, the investor must at least 2 times extend the residence permit before applying for a Portuguese passport.
In this regard, the service of automatic renewal of residence permit would greatly facilitate the process of reissuance of documents for investors and their families.