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Investment by Brazilian nationals under the same scheme was up by almost 42 percent in 2019. [9] Spain and Greece have programs comparable to Portugal's Gold Visa program. [10] The terms and criteria for the Golden visa program has changed over time and the country has tightened the rules to obtain the visa by simply buying a property in the ...
Portugal attracted a record-breaking number of tourists last year—up 19% from 2022 to over 18 million. Tourism is one of the economy’s key pillars, accounting for nearly 15% of its GDP.
Antonio Leitao Amaro said the scheme - called a "solidarity visa" - would complement an existing programme, which since 2012 has offered non-EU nationals who invest in Portugal the right to live ...
Golden Visa chasers helped pump $4.2 billion into Portugal last year—scrapping the scheme probably won’t help locals get on the housing ladder Ryan Hogg May 1, 2024 at 8:03 AM
The EB-5 visa program, which is also called as the Golden Visa program, requires applicants to invest between US$900,000 and US$1.8 million, depending on the location of the project, and requires at least 10 jobs to be either created or preserved. [41] [42] There is an annual cap of 10,000 applications under the EB-5 program. [43]
Another program is the Golden visa law, devised in 2012. It is an immigrant investor program by the government of Portugal that granted residency in Portugal to people who invested in properties worth at least €500,000 or created 10 jobs in Portugal. [ 115 ]
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