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Os Infames Vistos Gold

The Infamous Golden Visas

Os Infames Vistos Gold

The Infamous Golden Visas

Learn more about the Golden Visa program and how it has changed over the years.

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  • 00:00:00PracticePortuguese.com
  • 00:00:01Em outubro de 2012, o governo português introduziu o programa Golden Visa, In October 2012, the Portuguese government introduced the Golden Visa program,
  • 00:00:11de forma a aumentar o investimento estrangeiro no país. in order to increase foreign investment in the country.
  • 00:00:15Os chamados “vistos gold” seriam concedidos a cidadãos não pertencentes à União Europeia The so-called "golden visas" would be granted to non-European Union citizens
  • 00:00:22que investissem no país uma certa quantia definida por lei. who invest in the country a certain amount defined by law.
  • 00:00:28Esse investimento poderia ser realizado na ciência, That investment could be made in science,
  • 00:00:31nas artes e cultura, imobiliário ou na criação de empregos. in the arts and culture, real estate, or in job creation.
  • 00:00:37Em troca, os investidores receberiam uma autorização de residência In return, investors would receive a residence permit
  • 00:00:42e potencial cidadania portuguesa ao fim de 5 anos, and potential Portuguese citizenship after 5 years,
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aumentarto increase, raise Autorização de ResidênciaResidence Permit a cidadaniacitizenship o cidadãocitizen a condenaçãoconviction, condemnation a detençãodetention, arrest Espaço SchengenSchengen Area os fundos de capital de riscoventure capital funds os investidoresinvestors masc. o investimentoinvestment o mercado imobiliáriothe real estate market nefastonefarious, harmful a procurasearch, demand, pursuit a quantiaamount segundoaccording to o vistovisa residency or tourist permit
Expressions
a fim dein order to Ao longo dos anosOver the years de forma ain order to
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Comments

    • Olá! Of course. You only need to ask for permission if you’re planning on redistributing it. On the app, just under the name of the Shorty, you’ll see an arrow pointing down. You can tap on it and then download the PDF. On the browser, this icon is on the top right.

      • Thanks! It’s clear now. I like highlighting certain phrases on a physical copy – no plans of redistributing:)

  • One more thing – unless my memory is incorrect (which is certainly possible!- ha) residential real estate was already banned by mid 2022 in Lisboa, Porto , Algarve and other areas, not 2023. Just to be accurate. 🙂

  • While I disapprove of golden visa programs, I find it hard to believe that the program (which accounted for around 0.6% of all property purchases) drove up purchase and rental prices. Even without the program, there is still a lot of foreign investment in Portugal. I was also surprised to read that Portuguese buyers account for 72% of house purchases of 1 million euros or more. And then, of course, there is the impact of alojamento local on rental availability and prices. Succession inheritance laws also play a role in tying up real estate. I just think it’s so much more complex than this.

    • Olá! You’re right that there were other reasons (like tourism, the influx of digital nomads, bureaucracy, lack of public investment, and the ones you mentioned) that have had a significantly larger impact on housing availability and prices than GV investors (and continue to do so). We could have provided more context about the multiple factors contributing to housing challenges, but we also had to keep this short. When writing these types of Shorties, there’s always going to be information that’s going to be left out. I must also point out, however, that despite not being the main cause, the Golden Visa did have an impact on the housing prices as sellers adjusted their expectations for wealthy foreign buyers. Here’s an article about a Portuguese study (it’s in Portuguese).

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