176 golden visas issued to Brazilian citizens
Between January and September this year, Portugal granted 176 gold visas to Brazilian citizens. According to SEF (Foreigners and Borders Service) data, the investment raised increased 46.5% compared to the same period of 2018.
The most common type of investment is real state – see here the investment modalities of Golden Visa.
Brazilian citizens choose Portugal, mainly because it is a safe country, sharing the same language, a not so different climate climate and for the easy adaptation.
This trend is expected to increase as from November next it will be more expensive to obtain the EB-5 visa (investment visa similar to Golden Visa) in United States of America (USA). The decision was confirmed by the US Government and the minimum investment amount to obtain EB-5 will be R $ 3.6 million (US $ 900 thousand), instead of the previous R $ 2 million (US $ 500 thousand).
As stated before, Portugal is considered the new Miami for Brazilian citizens and this trend tends to increase.
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