After Portugal introduced the first ever Golden Visa program back in October 2012, more European countries have been adopting a similar approach to meet the increased demand for this type of investment immigration.
But What is the Golden Visa?
The ‘Golden Visa’ is a residence permit that allows the visa holders to reside and work in that country. During this period of time, the visa holder can work towards citizenship according to the country’s typical neutralization time frame. The Golden Visa is granted to investors in exchange for an investment that they make in the country whether was it in form of real estate or a contribution.
Benefits of the Golden Visa are countless; just a few to mention:
Thanks to the attractiveness of its real estate market, Portugal has been attracting considerable investments throughout the years by granting instant residence to anyone investing 500,000 Euros in one or more properties. According to recent statistics, Portugal attracted more than 85.6 million euros in investments in January alone made by 146 applicants (241 including families).All told, Portugal has attracted 4.5 billion euros in investments in total. In December 2018, Portugal’s Borders and Immigration Service (SEF) said that the golden visa program brought 94 million euros—over triple the amount of December 2017.
Being an IMC member and Bluemina’s Head of Marketing, I’m well aware that a client should have a full understanding of all different Citizenship and Residency by Investment programs before making a commitment to a specific one. Therefore, and through my blog posts, I intend to focus on our varied services and on how such investments could help families access world-class education and healthcare and break free from ongoing political economical instabilities.