Portugal: Increased investment in the golden visa program by 42%

Portugal Residency Program – Golden Visa, which is intended for investors interested in living and investing in Portugal by purchasing a property or group of real estate in the country, in exchange for obtaining Portuguese residency that leads to citizenship if the minimum residency requirements are met. This program was able to achieve an increase of 41.9%, as the total investment amounted to 654.2 million euros in 2022 compared to the previous year, and the number of visas granted since the establishment of the program reached 11,535 visas, 1,281 of which were granted in 2022, and the total cumulative investment in the program since Established 2012 to December 2022, 6.754 billion Euro, according to calculations based on data from the Department of Immigration (SEF).

Compared to other European countries, Portugal has become the first destination for its visitors with the high standard of life it provides to them and the relatively lower cost of living. Apart from Portugal having wonderful real estate to invest in, it is characterized by its warm weather, beautiful beaches, the mixing of diverse cultures and the unique food that it witnesses that attracts many to it every year, the golden visa program for Portugal also provides families with living in a safe environment, enjoying the services of high-quality healthcare and educational institutions, as well as ease of travel within the Schengen countries, and the Portuguese passport is currently ranked fifth according to Reach index Immigration to sort passports, giving you free access to 187 destinations around the world visa-free or visa-on-arrival. You can contact Reach Immigration team for more information about this program through the link here.

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