Since its inception in October 2012, the Golden Residence Permit Programme (GRPP) also known as the Golden Visa programme, has been a great success. Billions of Euros have been brought into the local Portuguese economy by non-EU investors who have secured EU-residency in return for their investments and in a few years, the first participants in this programme will begin to become eligible for full EU citizenship.
How much has been invested?
Over €2 billion has been invested into the Portuguese economy.
The great thing for Portugal, and the investors, is that this is not so-called “hot money”; investments are mostly in long-term assets like residential property. In fact, over 90% of participants in the Golden Visa programme have chosen to buy property in Portugal. This is mostly as a result of the fantastic financial opportunities this avenue of the GRPP affords investors.
Who is investing?
Investors come from all walks of life from all over the world but the top five countries are China, Brazil, Russia, South Africa and Lebanon. Participants are clearly keen on ensuring they secure EU residency which will allows them, and their families, to travel and work throughout the EU visa-free.
It’s a family affair
Over 5,000 family members have been given visas as part of the Golden Visa programme. This proves that if you’re thinking about immigrating with your family, the GRPP remains arguably the best option for you and your loved ones.
Even if your family is living elsewhere (and are not yet citizens of an EU nation), they can join you on your Golden Visa and, subject to meeting several criteria, will be eligible to apply for Portuguese and EU citizenship.
Disclaimer: Please do not act in reliance on information published or advised without consulting a suitably qualified independent legal or other professional adviser of your own choosing. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of their use or reliance on any of the advice provided by any one or all of the professional advisers identified by Sable International. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of the Portuguese Government changing the legislation and or rules around immigration and nationality. Obtaining Portuguese residency and citizenship is at the sole discretion of the Portuguese Government. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of the Portuguese Government not granting an applicant residency or citizenship.