The Portugal Golden Visa program is the most straightforward and expedited route for foreign investors to obtain residency in Portugal, providing a gateway to European citizenship for three generations of their family.
Officially implemented in October 2012 and subsequently adjusted in July 2015, the Golden Visa program continued its reforms at the beginning of 2022 to attract new investors from various countries. Investors participate through financial investment and can recoup their capital after 5 years. Alternatively, they can invest in real estate, benefit from profits, and resell at market price after 5 years.
Presently, the Portuguese Government encourages investment in low population density areas to boost economic development and lure migrants away from bustling urban centers. The investment value of 350,000 Euros has been reduced by 20%, now amounting to only 280,000 Euros.
As of the year 2023, an excess of 11,000 applications have received approval, injecting a noteworthy 6.8 billion Euros into the Portuguese economy.