In October, Portugal’s golden visa (PGV) program saw approvals and investments double from the month before. So far in 2018, the PGV has raised an average of €67 million a month and looks set to bring in some €800 million for the year as a whole.
Chinese applicants, who once made up four-fifths of the total, now account for less than 60% of approvals. Interest among Brazilians has grown steadily since 2016, a turbulent year in Brasilia, and there’s nothing to indicate that trend is abating.
But it’s among South Africans that demand for Portuguese residence permits has reached dizzying levels; Applications from South Africa now outnumber those from Russia, despite the latter’s nearly three times greater population.
Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, the #1 magazine – online or offline – for residency and citizenship by investment. He is an internationally recognized expert, speaker, documentary producer, and writer on the subject of investment migration, whose work is cited in the Economist, Bloomberg, Fortune, Forbes, Newsweek, and Business Insider. Norwegian by birth, Christian has spent the last 14 years in the United States, China, and Spain.