Comprehensive analysis of Portugal's Golden Visa program performance from 2012 to 2024
The program has seen significant shifts in applicant demographics, with U.S. citizens now leading applications, marking a change from historical Chinese dominance. This diversification reflects growing global interest in European residency options.
Source: Portugal Homes
Removal of real estate as a qualifying investment option, shifting focus to venture capital funds, scientific research, and cultural heritage investments.
Introduction of "solidarity visa" option for investments in affordable housing and migrant accommodation projects.
While contributing significantly to foreign investment, the program's GDP impact remains modest, with policy reforms aimed at better economic integration.
Program focus shifting toward sustainable investments and social impact, with emphasis on innovation and job creation.
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