Over 18,000 foreign families have taken advantage of Portugal’s Golden Visa program to date

Over 18,000 foreign families have taken advantage of Portugal’s Golden Visa program to date

Key Takeaways

1. Over 18,000 foreign families have benefited from Portugal's Golden Visa Program to date.
2. Despite the removal of real estate investment options from the program, fund investments continue to be "eligible and promising."
3. Alongside the Golden Visa Program, the Non-Habitual Residents (NHR) program and B visas are among the most popular pathways for internationals moving to Portugal.

Recent data indicates that more than 18,000 foreign families have gained residency through Portugal's Golden Visa Program.

This program, which provides residency in exchange for financial investments, along with the Non-Habitual Residents (NHR) program and B visas, remains a prominent choice for those seeking to relocate to Portugal.

Michael Maxwell from Portugal Panorama told Portugal News that there has been a significant rise in interest in residency-by-investment opportunities over the past year, establishing it as a distinct asset class.

Maxwell emphasized the importance of evaluating these investments as financial decisions, questioning if the appeal would persist without the visa component. He recommended considering factors such as potential conflicts of interest, the involved team, risk profile, fee structure, and exit strategy.

He highlighted that potential investors should ensure that these investments have intrinsic value beyond the residency benefit. Maxwell pointed out that Portugal’s fair legal system and robust security contribute to its attractiveness for internationals.

Fund Investments Remain Eligible and Promising

Michael Maxwell also addressed recent changes to Portugal’s Golden Visa Program. The country has eliminated real estate investment options to address the housing crisis, though this was previously a popular choice.

Despite this change, Maxwell noted that fund investments regulated by the Portuguese Financial Services Regulator (CMVM) remain a viable and promising opportunity in Portugal's growing economy.

Offering favorable conditions for those planning to relocate, Portugal continues to attract many internationals, as noted by Lionel de Freitas, Director of Operations at Dixcart Immigration and Tax.

The Golden Visa Program has consistently drawn a significant number of applicants each year. From 2012 to 2023, Portugal’s Immigration and Borders Service (SEF) issued 12,718 Golden Visas and 20,424 to family members of the beneficiaries.

Additionally, in April, Alessandro Palombo, co-founder and CEO of Unbound Fund, suggested on his X account that Portugal might become the first European country to offer residency in exchange for Bitcoin investments.

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