Another outstanding result is that the family applications for the Portugal Golden Visa increased by 83% in 2023, compared to the previous year, as well as a significant growth of 21.3% in individual applications for the Portugal Golden Visa. These data contribute to Portugal's safe destination status as a country, attracting the attention of families and investors amidst global uncertainty.



The Number of Family Applications Reached 2,901 in 2023


The number of family applications for the Golden Visa program increased dramatically from 1,588 in 2022 to 2,901 in 2023.

According to Werner Gruner, Regional Partner at Get Golden Visa, this exponential rise represents a fundamental shift in perspective of the Golden Visa. He says, "The Golden Visa is no longer just an investment instrument; it's a gateway to a better lifestyle." Families are increasingly lured to Portugal for its world-class healthcare, competitive education system, and general high standard of living.


Top Nationalities of Golden Visa Applications: The US and UK Increasing


In 2023, investors from the United States led the list with 567 applicants, outnumbering those from China (306) and placing the United Kingdom third with 234 applications.

According to Gruner, many Americans are looking for stability outside of typical investment routes, and Portugal appears to be a safe destination in the face of domestic political and economic uncertainty.


Record Foreign Resident Population with a 33.6% Increase


The foreign resident population in Portugal hit a record high of 1,044,606, up 33.6% from the previous year and 117% since 2018. Gruner emphasizes that this demographic shift demonstrates increased worldwide interest in Portugal and the Golden Visa program's vital role in improving the country's socioeconomic environment.


Economic Impact of the Golden Visa Program


The Golden Visa program has resulted in significant foreign direct investment (FDI) in different areas of Portugal's economy, including tourism, hospitality, real estate, and professional services.

Gokce Emer, Director of Business Development at Get Golden Visa, is optimistic about the program's future: "Despite global economic strains, we're witnessing sustained demand for Portuguese Golden Visas." She says that investors see Portugal as a perfect Plan B destination that provides both economic security and a luxurious lifestyle.


Driving Factors Behind Increased Interest in Portugal


Several factors contribute to the growing interest in Portugal's Golden Visa Program:

  • Economic Resilience: Investors are attracted to Portugal’s stable economy and affordable cost of living.
  • Quality of Life: Portugal is a preferred choice for families because of its high standards in healthcare and education.
  • Stable Government: The country has a moderate government with positive international relations, unlike some other nations.
  • Diverse Investment Opportunities: Investors who are looking for different risk levels prefer focusing on fund investments.

Emer's highlights include the quick increase in interest from US and UK investors, particularly in 2023, as well as a larger interest in investment migration solutions among European countries.

Credits: Supplied Image; Author: Client;

The Promising European Dream


The trends in 2023 show a growing signal of a promising future for Portugal Golden Visa program applications since it continues to attract global interest when there are geopolitical challenges around the world. As more families and individuals seek secure residency options, Portugal remains a top choice for those looking to enhance their lifestyle while investing in their future.

For more information about how to benefit from Portugal’s Golden Visa program or other residency options available, contact Get Golden Visa today.

Source: https://getgoldenvisa.com/industry-insights/portugal-breaks-recods-with-one-million-residents


About Get Golden Visa


Get Golden Visa is a bespoke investment advisory firm founded in 2014. They help people get additional residency and citizenship by making a qualifying investment in Europe, the Americas, the Caribbean, and the rest of the world. Depending on the program of choice, they offer professional advisory services for property acquisition, fund subscription, or other investment vehicles. Their teams of local experts mark Get Golden Visa apart from its competitors because they offer independent advisory services and accompany investors throughout the whole journey. With local offices in Lisbon, Athens, Istanbul, and London and various international associations, Get Golden Visa offers transparent guidance with a tailor-made and flexible approach.

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