IAS is pleased to inform you that the Portuguese Government has announced, on this day, the extension of the validity of all residency titles, currently issued, until June 30th, 2025. This decision, made after the Council of Ministers' meeting, is part of a broader Public Administration Reform and Migration Action Plan.

Public Administration Reform

The Reform aims to be implemented over the next four years, focusing on:

• Enhancing the unity and effectiveness of administrative actions;
• Promoting cost-efficiency through shared resources;
• Encouraging innovation and specialization;
• Improving organizational and operational models.

Migration Action Plan

The Migration Action Plan is built on three key pillars:

1. Proactive Immigration Attraction: Assigning the Agency for Integration, Migrations, and Asylum (AIMA) the mission to proactively attract immigrants;
2. Migration Observatory: Establishing the Migration Observatory as an AIMA body to assume and value migration data and insights;
3. Extension of Documents and Visas: Extending the validity of documents and visas related to staying in the national territory for one year - until June 30th, 2025.

Additionally, a Task Force for the Recovery of Pending Processes at AIMA has been created. This task force will focus on analyzing and deciding on pending processes for the regularization of foreigners. Operating until June 2, 2025, it will comprise up to 300 personnel dedicated to administrative processing and applicant assistance.

At IAS, we consider this extension very positive news for our investors. It demonstrates the government's commitment to the rights and expectations of all individuals who have chosen Portugal for their residency.

We understand the significance of this development for our clients and remain committed to providing continuous support throughout the process. Please rest assured that we are closely monitoring the situation and will provide timely updates as new information becomes available.