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It's not completely certain the golden visa program is closed (it has some other routes -- donation, fund investments, R&D investments, and it might also remain
by rdl 4y ago
It's not completely certain the golden visa program is closed (it has some other routes -- donation, fund investments, R&D investments, and it might also remain open for some commercial real estate options.). The citizenship pathway through that has been uncertain for a while; since the communist government got elected a few years ago, they started delaying processing on all immigration related stuff to the point where many question if it was intentional vs. incompetence, and the risk of not getting citizenship after 7 years is higher than ideal.
(The cool thing about the Portugal program was you only needed to be present 7 days/yr, which means you could retain residency somewhere else, e.g. Puerto Rico, during the 6 year wait for permanent residency or the 7 year wait for citizenship. Real estate also doesn't have FATCA reporting, and thus isn't restricted from US persons; the fund investments, etc. are more annoying. The 250k EUR donation route is not actually that horrible IFF the citizenship is certain, but it does not seem to be certain.)
Caribbean CBI is $100-200k but is faster (6-12mo, easy) and doesn't include right to reside in Europe, but it's just from a marketing/aesthetic/brand perspective worse than Portugal. Turkey is another option, although it's USD 400k RE investment now, vs. USD 250k, and Turkey's current politics are...spicy, although I'm pretty bullish on Turkey as a country in >10 years (and sooner if changes happen.)
- jacquesm 4y ago> and the risk of not getting citizenship after 7 years So, like Canada then?
- yieldcrv 4y agoSchengen or nothing
- cmrdporcupine 4y ago"communist government was elected" uh...? no? That never happened.
- loeg 4y agoThe Socialist Party won a majority in 2005-2011 and a plurality again in 2015 (before gaining a majority in 2022): https://en.wikipedia.org/wiki/Politics_of_Portugal#XVII_and_XVIII_Constitutional_Governments_(2005%E2%80%932011) https://en.wikipedia.org/wiki/Politics_of_Portugal#XVII_and_... GP is probably referring to one of those (maybe the more recent).
- JetSpiegel 4y agoYeah, but the Socialist Party is more like the US Democrats. Names are weird.
- cmrdporcupine 4y agoThis was my point. The Socialist Party in Portugal is a moderate social democratic party (while the "Social Democrats" there are a centrist party). There are communist/far-left parties/formations in Portugal, but they are not the gov't, and policy there is ... not communist. This person is just drive-by shit talking his ideological biases