Is Portugal getting rid of the Golden Visa / Is Portugal killing its Golden Visa?
Portugal has not and is not intending on scrapping its Golden Visa program. On the contrary, it is alive and kicking and more popular than ever.
Portugal has removed the option to buy real estate as part of the program, but it continues to offer many other routes to citizenship, including investment in low-risk funds that invest in capital markets. Other options include investing in new or exiting businesses, cultural donations and many others.
Does a US citizen need a Golden Visa to move to Portugal?
US citizens who want to move to Portugal and not just stay temporarily have a variety of VISA options, including a passive income visa (D7), a digital nomad Visa (D8), a highly qualified professional Visa, jobseeker Visa and many others.
A US citizen does not need a Golden Visa to move to Portugal. In fact, a Golden Visa is a bad choice for someone who already wants to move. It is more expensive than other Visas and normally takes longer to obtain.
The main advantage of the Golden Visa is the exemption from the requirement to live in Portugal so someone with a Golden Visa can live or not live in Portugal as they choose.
How can I get a Golden Visa for Portugal?
There are multiple routes to obtaining a Golden Visa in Portugal. The most popular one, by far, is the investment in funds. Funds offer attractive investment opportunities that are adapted to investors’ risk profile. Only 60% of the fund needs to be invested in Portugal and the remainder can be invested anywhere.
Why are so many Americans going to Portugal?
Political polarisation, cost of living and guns are cited at the most common reasons leading Americans to look for other options. Portugal is perceived as a safe, moderate and calm place that offers a sharp contrast to Americans.
Can I retire in Portugal without Golden Visa?
The most common VISA for retirees is the D7 passive income visa and a Golden Visa is not required. However, recent changes to the tax regime means full progressive taxation in Portugal on retirement income leading to Portugal offering a less attractive deal than before to retirees
Why are expats living Portugal?
Moving to another country is difficult and not being able to adjust to a new culture is a common reason to leaving any country and Portugal is no different. In addition, the rising prices in Lisbon and Porto mean that it no longer offers a very low cost of living as it has before.
