Portugal Golden Visa

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The Portugal Golden Visa is a golden visa program by the government of Portugal that grants residency in Portugal to people who invest in properties worth at least €500,000 or create 10 jobs in Portugal.[1]

The scheme began in 2012,[2] and by May 2020 has been credited with investments of over 5.2 billion euros from over 20,000 persons (8,736 investors and 14,936 family members).[3]

As of August 2019, according to SEF, Chinese investment (see Chinese people in Portugal) in Portugal under the ‘golden visa’ scheme was down during the first eight months of 2019 a decrease of 15.7 percent from the same period of 2018. Investment by Brazilian nationals under the same scheme was up by almost 42 percent in 2019.[4] Spain and Greece have programs comparable to Portugal's Gold Visa program.[5]

Some of the advantages of obtaining a Portugal Golden Visa include

  • travelling visa-free in Europe’s Schengen Area
  • eligibility to apply for Portuguese citizenship after five years of legal residency
  • High quality education system
  • healthcare system
  • low crime rate and high lifestyle options.

See also[edit]

References[edit]

  1. ^ Shabi, Mordehai (10 February 2020). "Golden Visa Portugal". Jerusalem Post. Retrieved 17 February 2020. CS1 maint: discouraged parameter (link)
  2. ^ Mendonca, Susana (19 March 2014). "The winners and losers of Portugal's golden visa scheme". BBC News.
  3. ^ "GOLDEN RESIDENCE PERMIT PROGRAMME(ARI)" (PDF). SEF. 16 June 2020.
  4. ^ "More Brazilians and less Chinese taking up golden visa". The Portugal News. 27 September 2019. Retrieved 25 October 2019.
  5. ^ https://www.sef.pt/en/pages/conteudo-detalhe.aspx?nID=21

External links[edit]