Portugal could end its Golden Visa Program

The Portuguese Golden Visa program is a residency-by-investment program that allows non-EU citizens to obtain a residency permit in Portugal by investing in the country’s economy. The program was launched in 2012 with the goal of attracting foreign investment and stimulating the Portuguese economy.

To qualify for the Golden Visa program, applicants must make a qualifying investment in Portugal, such as:

  • Real estate investment of at least €500,000
  • Capital transfer of at least €1 million
  • Creation of at least 10 jobs in Portugal
Lisbon – Flickr

The Portuguese Golden Visa program has been a popular option for investors from around the world, particularly from China, Brazil, and South Africa. It has been praised for its efficiency and simplicity, as well as its relatively low investment threshold compared to other European countries. However, the program has also faced criticism for its potential impact on the housing market and concerns over money laundering.

It could end soon. The Golden Visa has long been mired in controversy and has gained even more bad press with the growth of housing problems, with accusations that it encourages real estate speculation and contributes to rising prices in the real estate market.

One of the proposals is that Golden Visas should be maintained, but only for investments that do not involve real estate, such as capital transfers, investment in companies or job creation, according to Negócios.

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