The future of Portugal’s Golden Visa program may have been in doubt, but foreign investors can now rest assured: the program is still the best solution to invest in Portugal and it will continue to be so!
Back in November, during the Web Summit, Portugal’s Prime Minister talked about the possibility of reevaluating the Authorization of Residency for Investment (ARI) – now celebrating its tenth year -, but his party voted against the proposal and the program will still be available for investors in 2023.
Investment netted by Golden Visa program stood at 65,6 million euros this past November, an increase of 40% when compared to the previous year, according to the news agency Lusa.
Property investment is still the favorite solution, representing 89% of Golden Visas issued so far. Therefore, if you’re thinking about establishing yourself in Portugal, contact us now or head to our guide to start applying for Golden Visa now!
Portugal on the radar of Golden investors
For us, at YELLOW Portugal, that’s no surprise: Portugal has a wide range of investment options, some of them more affordable than expensive cities such as Paris or London.
Filled with history-riched streets, Lisbon remains the main hotspot, as this is one of Europe’s oldest cities and was recently ranked as the world’s 4th best location for investors to live in, scoring particularly high in criteria like quality of life or working environment. In addition to that, the city presents and overall affordable cost of living and top-notch education opportunities.
But let’s not forget other charming cities, like Porto, famed for the wine and dazzling vineyards along the Douro River. Porto is especially attractive for Digital Nomads and foreign investors, with a booming startup ecosystem.
Let’s make 2023 a Golden year for living and investing in Portugal?
At Easely Portugal, we have a team of business experts ready to advise you as a foreign investor, Digital Nomad, or retiree.
We’ll make your life easier so you can focus on what really matters: making the most of your time in Portugal!