Portugal’s Golden Visa Continues to Attract More and More Brazilian Investors
Tens of thousands of Brazilians have immigrated to Portugal in the last couple of years. This influx seems hard to be explained simply by the fact that the both countries share a common past and a language. There are other Portuguese speaking countries that could do the same as well, but they do not at this rate. Here is why Brazilians are flocking to Portugal these days.
Since 2016 There Has Been a Huge Acceleration in the Growth of Brazilians Among Portugal Golden Visa Seekers
There were always Brazilians who wanted to live in Portugal but these numbers increased dramatically after 2016. In that year, the number of Brazilian applicants for a Portugal Golden Visa rose by 117%. There were only 44 such people in 2015 whereas the number reached 119 in 2016. That would later become 191 in 2017. This increase came to a halt with a lesser 180 in 2018 but the professionals predict that in 2019 a total of about 155 Brazilians will apply for a Portugal Golden Visa which will mark yet another massive increase in the number of Brazilians applying to the program.
Politics and Economics of Brazils Are Pushing its Citizens Away From It
Brazil is not going through a very stable phase of its political existence, that is for certain. Jair Bolsonaro’s election recently, with his Donald Trump like attitude, led many to believe that the country will face some issues with its own society and economics during his term. His plans to increase the retirement age for Brazilians from mid-50s to mid-60s will make the country a lot of money but obviously it is not very welcomed by the Brazilians working class. Many prefer to get their retirement advantages earlier on, and are thus looking for other countries they can call home and thus get away from the economic decisions made by their new president.
Portugal Continues to be a Centre of Attraction for Foreign Investors
Of course, these Brazilians could look for many countries to invest in but Portugal Golden Visa is often their go to due to a couple of very simple reasons. The shared culture is one of them. The tax benefits Portuguese government bestows upon those that get its residence permit is another. Perhaps more importantly Portugal offers Brazilians a safe port, away from the many criminal activities they suffer at home as Portugal continues to be one of the safest countries on Earth. These and more cause Brazilians to flock into the little country on the side of Iberia in increasing numbers. The Portugal Golden Visa program requires a minimum of €500.000 real estate investment. The Golden Visa holders have the right to travel within the Schengen Area without a visa.