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Portugal’s Golden Visa scheme is a unique and extremely popular residency and citizenship program.
Alternative residency and citizenship options are becoming increasingly prevalent. This trend has been brought about by two main reasons. Firstly, many high-net-worth individuals with poorly ranked passports are looking to invest capital in exchange for greater freedoms via citizenship. The second component which is fueling this trend is that countries are becoming increasingly keen to offer investors citizenship in exchange for FDI.
Portugal has utilised its Schengen membership and political stability to build an attractive residency and citizenship program.
In order to gain Portuguese residency and eventually full citizenship, there are a number of clearly defined requirements. There are a few investment options available, this blog will outline how to gain citizenship by investing in real estate.
As of 2019, 7200 investors had enrolled in the Golden Visa Scheme. Within this 7200 people, the majority are from China, Brazil, Lebanon, South Africa & Russia. There has also been a large amount of interest from people from certain Middle Eastern countries including Syria, Iraq and Afghanistan.
Click here for a more in-depth look at why millionaires change their citizenship.