Portugal’s Golden Visa fund market, in charts
kAm!@CEF82=VD v@=56? ‘:D2 ?@ =@?86C 2446AED 5:C64E C62=\6DE2E6 :?G6DE>6?E 7@C ?6H 2AA=:42E:@?D] $:?46 E96 ~4E@36C a_ab 492?86[ >@C6 2AA=:42?ED 92G6 =@@<65 2E BF2=:7J:?8 :?G6DE>6?E 7F?5D] qFE E96 7F?5 C@FE6 😀 ?@E 2 D:?8=6 AC@5F4E 42E68@CJ] %96 G:D:3=6 >2C<6E :?4=F56D AC:G2E6 6BF:EJ[ G6?EFC6 42A:E2=[ 4C65:E[ 563E[ 4=62? 6?6C8J[ 4CJAE@ 2?5 @E96C DEC2E68:6D[ 6249 H:E9 5:776C6?E =:BF:5:EJ[ C6A@CE:?8[ 766 2?5 E2I BF6DE:@?D]k^Am
kAmu@C E9:D 2CE:4=6[ k2 9C67lQ9EEADi^^7F?5D]>@G:?8E@]4@>Qm|@G:?8E@k^2m 2?2=JK65 :ED AF3=:4 !@CEF82= v@=56? ‘:D2 7F?5 AC@7:=6D 2D @7 yF?6 “[ a_ae] %96 8@2= 😀 E@ D9@H H92E E96 G:D:3=6 7F?5 >2C<6E =@@2?286C 5:=:86?46] %96 D?2AD9@E 😀 56D4C:AE:G6[ ?@E 2 C2?<:?8] xE 5@6D ?@E C64@>>6?5 7F?5D[ 6DE:>2E6 C6EFC?D[ @C G6C:7J H96E96C 2?J DA64:7:4 :?G6DE@C H:== BF2=:7J]k^Am
kAm%96 D?2AD9@Ei %96 AF3=:4 4@F?E D9@H65 bg v@=56? ‘:D2\6=:8:3=6 7F?5D @A6? E@ ?6H :?G6DE>6?E] %96 492CE 52E2D6E H2D ?2CC@H6Ci ba AF3=:4 v@=56? ‘:D2 7F?5 AC@7:=6D[ :?4=F5:?8 b_ @A6? AC@7:=6D[ “ AC@7:=6D E92E C6A@CE65 2446AE:?8 &]$ A6CD@?D[ 2?5 `f AC@7:=6D >2C<65 |@G:?8E@\G6C:7:65]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_e^ah^_`\>2C<6E\D?2AD9@E]A?8Q 2=ElQp >2C<6E D?2AD9@E E23=6 D9@H:?8 bg 6=:8:3=6 7F?5D 7@C E96 !@CEF82= v@=56? ‘:D2]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m|@G:?8E@k^7:842AE:@?mk^7:8FC6m
k9bmk3C ^m`] !C:G2E6 42A:E2= =625D E96 AF3=:4 AC@7:=6 D6Ek^9bm
kAm!C:G2E6 6BF:EJ H2D E96 =2C86DE 42E68@CJ 😕 E96 AF3=:4 AC@7:=6 D6E[ H:E9 `c @7 ba AC@7:=6D] ‘6?EFC6 42A:E2= 25565 2?@E96C D:I] %@86E96C[ AC:G2E6 6BF:EJ 2?5 G6?EFC6 42A:E2= C6AC6D6?E65 a_ @7 E96 ba AF3=:4 AC@7:=6D[ @C 23@FE ebT @7 E96 G:D:3=6 52E2D6E]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_e^ah^_a\AC:G2E6\42A:E2=\AC@7:=6\D6E]A?8Q 2=ElQp 492CE D9@H:?8 9@H AC:G2E6 42A:E2= =625D AF3=:4 AC@7:=6 D6E]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m|@G:?8E@k^7:842AE:@?mk^7:8FC6m
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_e^ah^_b\DEC2E68J\E23=6]A?8Q 2=ElQp E23=6 =:DE:?8 E96 5:776C6?E DEC2E68:6D A6C AF3=:4 AC@7:=6 2?5 D92C6]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m|@G:?8E@k^7:842AE:@?mk^7:8FC6m
kAm%92E 5@6D ?@E >62? 6:E96C 42E68@CJ 😀 36EE6C 7@C 2 A2CE:4F=2C 2AA=:42?E] $EC2E68J 27764ED =:BF:5:EJ[ G2=F2E:@?[ C6A@CE:?8[ 6I:E E:>:?8[ D64E@C 6IA@DFC6 2?5 E2I 4@>A=6I:EJ] p 7F?5 42? 7:E E96 v@=56? ‘:D2 C@FE6 2?5 DE:== 36 F?DF:E23=6 7@C 2 DA64:7:4 :?G6DE@C]k^Am
k9bma] |@DE G:D:3=6 AC@7:=6D 2C6 @A6?k^9bm
kAm%96 AF3=:4 492CE 52E2D6E 4@?E2:?65 b_ AC@7:=6D >2C<65 @A6? 2?5 EH@ >2C<65 4=@D65] r=@D65 AF3=:4 AC@7:=6D C6>2:? FD67F= 3642FD6 E96J D9@H >2C<6E 9:DE@CJ 2?5 96=A C6256CD 2G@:5 EC62E:?8 @=56C 7F?5 ?2>6D 2D 4FCC6?E=J 2G2:=23=6 @AA@CEF?:E:6D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_e^ah^_c\@A6?\4=@D65\AC@7:=6D]A?8Q 2=ElQp E23=6 D9@H:?8 b_ @A6? 2?5 a 4=@D65 AF3=:4 AC@7:=6D]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m|@G:?8E@k^7:842AE:@?mk^7:8FC6m
kAm%96 2CE:4=6 FD6D EH@ 5:776C6?E 4@F?ED 7@C 2 C62D@?] %96 bg\7F?5 7:8FC6 4@>6D 7C@> E96 AF3=:4 4@F?E #!rVD @A6?\>2C<6E 567:?:E:@?] %96 492CED FD6 @?=J AF3=:4\G:D:3=6 v@=56? ‘:D2 7F?5 AC@7:=6D[ H9:49 AC@5F465 E96 ba\AC@7:=6 52E2D6E]k^Am
k9bmb] &$ 2G2:=23:=:EJ 😀 >@DE=J F?@H?[ ?@E >@DE=J ?@k^9bm
kAmt=6G6? @7 E96 ba AF3=:4 AC@7:=6D C6A@CE65 2446AE:?8 &]$] A6CD@?D] %96 @E96C a` H6C6 F?@H? 😕 E96 4FCC6?E AF3=:4 AC@7:=6 52E2[ ?@E 4@?7:C>65 C6;64E:@?D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_e^ah^_d\FD\2G2:=23:=:EJ]A?8Q 2=ElQp E23=6 D9@H:?8 &]$] 2G2:=23:=:E:6D 7@C AF3=:4 AC@7:=6 C6A@CED]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m|@G:?8E@k^7:842AE:@?mk^7:8FC6m
kAmu@C &]$] :?G6DE@CD[ E96 5:DE:?4E:@? 😀 AC24E:42=] &]$]\A6CD@? 2446AE2?46 😀 2 >2?286C\564=2C65 @?3@2C5:?8 D:8?2=[ ?@E 2 E2I 4@?4=FD:@?] &]$] :?G6DE@CD DE:== ?665 HC:EE6? 4@?7:C>2E:@? 7C@> E96 7F?5 2?5 E2I 25G:46 @? up%rp[ !uxr[ u@C> gea`[ uqp# 2?5 u@C> ghbg C6A@CE:?8] v@=56? ‘:D2 6=:8:3:=:EJ 2?5 &]$] E2I 762D:3:=:EJ 2C6 D6A2C2E6 5:=:86?46 BF6DE:@?D]k^Am
k9bmc] ‘6C:7:42E:@? 4@G6C286 😀 F?6G6?k^9bm
kAm$6G6?E66? @7 E96 ba AF3=:4 AC@7:=6D H6C6 >2C<65 |@G:?8E@\G6C:7:65] %92E 😀 2 AC@7:=6 2?5 5@4F>6?E2E:@? C6G:6H D:8?2=[ ?@E 2? 6?5@CD6>6?E[ 2AAC@G2= 7C@> px|p[ @C 8F2C2?E66 E92E 2? 2AA=:42E:@? H:== 36 2446AE65]k^Am
kAm#6G:6H C646?4J 2=D@ G2C:65] %9C66 AC@7:=6D 925 2 C6G:6H 52E6 H:E9:? E96 AC6G:@FD b_ 52JD[ D6G6? H6C6 C6G:6H65 b` E@ h_ 52JD 367@C6 E96 6IEC24E[ `a H6C6 >@C6 E92? h_ 52JD @=5[ 2?5 `_ 925 ?@ C6G:6H 52E6 😕 E96 6IEC24E65 AF3=:4 AC@7:=6 52E2]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_e^ah^_e\G6C:7:42E:@?\4@G6C286]A?8Q 2=ElQp 492CE D9@H:?8 E96 G6C:7:42E:@? 4@G6C286 2>@?8 AF3=:4 AC@7:=6D]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m|@G:?8E@k^7:842AE:@?mk^7:8FC6m
k9bmk3C ^md] u66 5:D4=@DFC6 😀 DEC@?86DE 7@C >2?286>6?E 766Dk^9bm
kAm|2?286>6?E 766D H6C6 5:D4=@D65 @? b` @7 ba AF3=:4 AC@7:=6D[ C2?8:?8 7C@> _]dT E@ a]dT[ H:E9 2 `]gT >65:2?] !6C7@C>2?46 766D H6C6 5:D4=@D65 @? b_ AC@7:=6D[ H:E9 2 a_T >65:2? 2?5 2 b_T >2I:>F>] $F3D4C:AE:@? 766D H6C6 5:D4=@D65 @? ae AC@7:=6D[ H:E9 2 `]cT >65:2? 2?5 2 dT >2I:>F>] #656>AE:@? 766D H6C6 5:D4=@D65 @? ab AC@7:=6D[ H:E9 2 _T >65:2? 2?5 2 dT >2I:>F>]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_e^ah^_f\766\5:D4=@DFC6]A?8Q 2=ElQp 492CE D9@H:?8 >2?286>6?E 766D H:E9 E96 DEC@?86DE 766 5:D4=@DFC6]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m|@G:?8E@k^7:842AE:@?mk^7:8FC6m
kAmp 766 A6C46?E286 😀 @?=J E96 DE2CE:?8 A@:?E] x?G6DE@CD DE:== ?665 E@ 4964< H92E E96 766 2AA=:6D E@[ H96E96C 6IA6?D6D D:E @FED:56 :E[ 9@H A6C7@C>2?46 766D 2C6 DECF4EFC65[ H96E96C D92C6 4=2DD6D 5:776C[ 2?5 H96E96C 4FCC6?E 7F?5 5@4F>6?ED >2E49 E96 AF3=:4 AC@7:=6]k^Am
k9bm#6256C E2<62H2Jk^9bm
kAm%96 G:D:3=6 !@CEF82= v@=56? ‘:D2 7F?5 >2C<6E 😀 3C@25 6?@F89 E@ C6BF:C6 4@>A2C:D@?[ 3FE F?6G6? 6?@F89 E92E 5:D4=@DFC6 82AD 2C6 A2CE @7 E96 DE@CJ] u@C C6256CD[ E96 492CED 2C6 2 D4C66?:?8 >2A[ ?@E 2 D9@CE=:DE] %96J D9@H H92E DE:== ?665D E@ 36 G6C:7:65i DEC2E68J[ DE2EFD[ &]$] @?3@2C5:?8[ 5@4F>6?E2E:@? 7C6D9?6DD[ 2?5 766 E6C>D]k^Am
kAms:D4=2:>6Ci %9:D DE@CJ 😀 86?6C2= :?7@C>2E:@? @?=J] xE 😀 ?@E :?G6DE>6?E 25G:46[ 2?5 :E 😀 ?@E =682=[ E2I @C 7:?2?4:2= 25G:46] uF?5 E6C>D[ 2446AE2?46 A@=:4:6D 2?5 :>>:8C2E:@? 6G:56?46 42? 492?86] x?G6DE@CD D9@F=5 4@?7:C> 4FCC6?E 5@4F>6?ED H:E9 E96 7F?5[ !@CEF8F6D6 4@F?D6= 2?5 2 BF2=:7:65 E2I 25G:D6C 367@C6 DF3D4C:3:?8]k^Am
k9bm|6E9@5@=@8Jk^9bm
kAm%96 52E2 6IEC24E H2D CF? 282:?DE |@G:?8E@ uF?5D AC@5F4E:@? 52E2 @? yF?6 “[ a_ae] %96 AF3=:4 4@F?E #!r C6EFC?65 bg v@=56?\’:D2\6=:8:3=6 7F?5D @A6? E@ ?6H :?G6DE>6?E] %96 492CED FD6 2 ?2CC@H6C AF3=:4\AC@7:=6 52E2D6Ei AF3=:40G:D:3=6lECF6 2?5 8G06=:8:3=6lECF6[ H9:49 AC@5F465 ba AF3=:4 AC@7:=6D] |:DD:?8 7:6=5D 2C6 4@F?E65 2D F?@H? @C ?@E 5:D4=@D65[ ?6G6C 2D K6C@] &]$] 2G2:=23:=:EJ 😀 7F?5\C6A@CE65^>2?286C\564=2C65 2?5 ?@E |@G:?8E@ E2I G6C:7:42E:@?] |@G:?8E@ ‘6C:7:65 😀 2 5@4F>6?E2E:@?^AC@7:=6 C6G:6H D:8?2=[ ?@E 2? :?G6DE>6?E 6?5@CD6>6?E[ px|p 2AAC@G2=[ @C 6=:8:3:=:EJ 8F2C2?E66]k^Am
kAmk2 9C67lQ9EEADi^^7F?5D]>@G:?8E@]4@>^3=@8^A@CEF82=\8@=56?\G:D2\7F?5\>2C<6E\492CED\a_aeQmk6>m%9:D DE@CJk^6>mk^2m k6>mH2D AC@5F465 3Jk^6>m k2 9C67lQ9EEADi^^>@G:?8E@]4@>^Qmk6>m|@G:?8E@k^6>mk^2m k6>m2?5 C6G:6H65 2?5 5:DEC:3FE65 3Jk^6>m k2 9C67lQ9EEADi^^9F3D]=2^”_b<=8$#_Q C6=lQ?@7@==@HQmk6>m$E24<6Ck^6>mk^2m]k^Am