Americans Among Fastest Growing Applicant Groups for Portugal’s Golden Visa in 2020

  • 26 January, 21

In 2020, Americans were included in the monthly top 5 for May (19), July(12), Aug(7), Sep(5), Oct (5) and Nov(12). Count till November, total 60 applicants approved, compared to 2019- top 5 (65) and 2017,2018, American was now in top 5 of SEF annual report.

Americans are rushing to apply for Portugal´s Golden Visa program before its changes come into play in July of 2021. There are many reasons Americans are applying including:

Visa Free travel – The ability to move freely between the 186 countries of the Schengen Area is highly appealing to those who travel for business, and also those looking to explore the world without having to worry about the limitations of a 90 day stay.

Portuguese citizenship – Many Americans have applied for the Golden Visa as a way to gain EU citizenship, therefore creating a new home in one of the most peaceful countries in the world. The search for a calm and slower paced life, in a great climate, and with fantastic cultural appeal, and low cost of living, makes Portugal the obvious decision for many.

New rules coming into effect What we know so far is that the Golden Visa Program in Portugal will be ending in the most popular regions of Portugal such as the main cities of Lisbon and Porto, as well as the much loved coastal areas of Algarve, Silver Coast and Setubal. There is also the possibility of Portugal raising the investment thresholds for property purchase.

Cre: imidaily, theportugalnews

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