Near the end of the year, the Portuguese Immigration Service (SEF) announced the last golden visa data in 2022: The total number of people approved in November 2022 was 259, with a total investment of approximately 65.65 million euros.
There are 18 main applicants from the United States, ranking first, followed by the United Kingdom (14 people), China (13 people), Brazil (10 people) and Africa (10 people).
Since 2022, American applicants and Chinese applicants have been the main source countries of applications in Portugal, and the total number of American main applicants has begun to surpass the Chinese main applicants, with 192 people VS 188 people. The United States has become the largest investor group so far this year.
The 2022 data released by the Portuguese Immigration Service also confirms Americans’ love for Portugal. This year, American golden visa applications accounted for 17.5% of the total applications, which is one of the fastest growing countries in the past two years.
The most direct reason for the rapid growth in the number of applicants in the United States comes from the strengthening of the US dollar since 2022. The exchange rate with the euro once rose above the 1:1 mark, which is the best time to allocate euro assets.
It’s not just American applicants. As of the end of October this year, Portugal Golden Visa has attracted a total of 11,384 main applicants from all over the world who have been approved for Portugal Golden Visa, and 18,617 subsidiary applicants have been approved, attracting a total of approximately 6.674 billion euros in overseas investment.
Why do investors choose Portugal?
Comfortable living environment
The Institute of Economics and Peace (IEP) announced the "2022 Global Peace Index". Portugal ranks 6th in the world.
In addition, due to the global outbreak of the epidemic, medical resources have also become an area of great concern to immigrants. Portugal’s healthcare system ranks 12th in the world, making it a worthwhile choice.
The real estate market is strong
The Portuguese real estate market is also on the rise. The housing price index has increased significantly since July 2019, which is of great investment value.
The booming real estate market has enabled Portugal to develop into a small "San Francisco Technology Center". Many well-known international companies such as Google are considering increasing investment in Portugal.
Strong economy
Portugal's finance minister told Reuters , Portugal expects the economy to exceed its forecast of 6.5% this year, helped by domestic demand and tourism.
"Even if the growth rate in the fourth quarter ( vs. ) is zero, we will have a growth rate of 6.7% in 2022, one of the highest growth rates in Europe," Medina said.
Golden Visa
Having a Portuguese Golden Visa is equivalent to locking in EU citizenship in advance. If you have held the Portuguese A2 language proficiency for 5 years and lived for an average of 7 days per year, you can apply for Portuguese citizenship.
Portugal Golden Visa is not only a fast and cost-effective way to obtain EU citizenship supported by the bill, but also supports newborns born in Portugal to directly obtain citizenship, which is the so-called "born on arrival".
However, the recent news about "Portugal Golden Visa is about to be shut down" has recently caused an uproar on the Internet. But fortunately, according to local media reports, the Portuguese Golden Residence Program will not be terminated for the time being in 2023.
Although the local national budget "extends" the Portuguese golden visa for one year, it does not mean that interested applicants can continue to consider it slowly.
Although the Portuguese Golden Visa was lucky enough to pass this time, the false alarm of closure once again reminded the majority of investors that in recent years there have been endless calls to "shut down the Golden Visa" from all parties, leaving them less and less time to catch the last train of investment.
As the demand for immigrants increases, the current immigration door becomes narrower and narrower, and the cost that Chinese people will have to pay for immigration in the future will also become higher and higher. If you still have overseas identity, asset allocation, , children’s education, vacation and retirement care needs, please feel free to consult us at Jiacheng Overseas!
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