On January 1st, 2024, Regulation CMVM No. 7/2023 of December 29th ('RRGA') entered into force. It regulates the Asset Management Regime, approved by Decree-Law No. 27/2023 of April 28th, and repeals CMVM Regulations No. 2/2015 of July 17th, and No. 3/2015 of November 3rd.

 

Following the most recent times of uncertainty revolving the Portuguese Golden Visa program and the Immigration Authorities per se, it should indeed be noted that the Portuguese Parliament has just approved several amendments to the Portuguese Citizenship Law, which have a very much direct impact on the program aforementioned.

 

The securities market in Portugal is traditionally incipient. The PSI (Portuguese Stock Index), the main Portuguese capital market benchmark which aggregates the largest companies listed on Euronext Lisboa that have more than 1,000 million Euros of capitalization, comprised the shares of the twenty largest companies listed on the Lisbon stock exchange (the PSI-20). However, after years and years without reaching the threshold of twenty listed companies (currently, it is only 15), already in the course of 2022 it was decided to change the index from "PSI-20" to simply "PSI", no longer requiring the minimum number of twenty companies.

 

An agreement between the Portuguese Republic and the Republic of India on the Recruitment of Indian Citizens for Employment in the Portuguese Republic, signed in Lisbon on September 13th, 2021, entered into force on January 27th, 2022.

 

With the emergence of the Sars-Cov-2 pandemic that globally affected all countries, it was necessary and urgent to promote measures and norms that could respond to the constraints and difficulties that immediately began to arise in most sectors of activity in the country, as well as in all public and private services. Unable to secure their services with the usual diligence.

 

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