#portugal #goldenvisa #invest

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.

The scheme began in 2012,[1] and by August 2019 has been credited with investments of over 4.8 billion euros from over 20,000 persons (7,885 investors and 13,364 family members),[2]. Countries with most investors for the programme include China, Brazil, South Africa, Russia and Turkey. [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]As of October 31st, 2019, the total number of Golden Visa applications in the world is 8,061 with a total investment value that is slightly shy of 5 billion Euros, according to SEF. While 4,424 of the applicants are of Chinese origin, they are followed by 844 Brazilian applicants, and 370 Turkish applicants. 7,594 of these applicants chose to invest in Portuguese real estate in order to satisfy their Golden Visa applications.

[6]Some of the advantages of obtaining a Portugal Golden Visa include (1) travelling visa-free in Europe’s Schengen Area, (2) eligibility to apply for Portuguese citizenship after five years of legal residency, high quality (3) education system, (4) healthcare system, as well as (5) low crime rate and high lifestyle options.

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