Why The 'Golden Visa' May Be on Borrowed Time

In a world filled with so much geopolitical uncertainty, an escape hatch has an enduring appeal. For those with means, the so-called golden visa - a citizenship by investment program, technically - has almost unlimited upside. But political pressure to end or overhaul such programs has increased in recent years, which means there may be no time like the present to obtain one. One country whose program recently changed is Portugal, and the country's revised approach - that funds must be invested locally rather than just used to buy real estate - may be creating a new kind of safe-haven asset, for now.
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[@SSogarius]

When countries aren't doing so well, the 1% buys itself a new passport and jumps ship with its money. Regular people can't afford that luxury and are stuck.

[@ausgefuhrtenervensoftware8554]

And that's why the 1% do not really care so much about the well-being of their country.

[@enticingmay435]

And the reasons why countries don’t do well is because of the greed of these same 1%. They ruin things, profit off of it and then flee.

[@ahrenadams]

It is the wealthy that cause the problems in the first place

[@catfelix69]

Agree - surely raising the golden visa amount is just going to worsen the problem - a skilled based system would be much more beneficial in the long run. I have no idea btw, just my thoughts…

[@Leah-br6xu]

this type of system is broken. I can’t imagine how taking more and more $ / allowing freedom of movement only to the rich & privileged (who I would assume live longer??) could ever help anyone other than the rich & privileged

[@markusmegatron]

they should invest in real companies with real jobs not just buy houses...

[@ssuwandi3240]

Exactly. Typical gullible Democrats media😊

[@lucaspm98]

Frankly, there’s little to no industry outside of tourism to invest in.

[@-Osiris-]

I'm confused, is it a golden visa or a golden passport, they are different things after all

[@jdcje0292]

First you get a golden visa, and after 7 to 8 years you become eligible for citizenship

[@-Osiris-]

@@jdcje0292 I see, thank you for the reply!

[@cia5649]

u get the visa then citizenship and bec its part of the eu you get to move anywhere in the eu

[@njm543]

It’s a visa program but that’s harder to sensationalize lol

[@snimsay]

A Golden Visa IS NOT citizenship. It's just a permit that allows you to stay in the European Union for as much as you want, not just the 3 months the tourist visa allows AND without being a fiscal resident. Can't believe Bloomberg got it SO wrong.

[@VideoAmericanStyle]

They didn’t say that it is equivalent. Although it offers residency at first, the golden visa IS a pathway to citizenship in certain countries, it just takes longer and has more requirements than regulation.

[@cmw3737]

Buying real estate should not be incentivised any more than it already is. Other investments can go up and up in price and everyone's happy but ordinary people need homes. If a wealth tax is implemented it should only apply to real estate and land. Real estate should not be the piggy bank of the rich. They should be encouraged to put their money into other assets.

[@kevinmanan1304]

In Europe they have homes selling for 1 euro because the only people who live there are retirees. If people want to live there it’ll be expensive, but if it’s a city full of the old and soon dying it’ll be cheap. It’s all about location. It’s expensive because people want to live there, not because of that 0.4% in gold visa investment.

[@tonimendes]

Bloomberg: "Pessoal! Invistam agora que depois vai ser mais caro!" Portugueses: "Realmente o que o nosso mercado imobiliária precisa é de mais estrangeiros a comprar casa para ficarem vazias..." Well done Bloomberg 👏👏👏

[@eddualmeida5790]

Portuguese here. We never had a problem with foreigners. The issue is getting a visa trough real estate purchase and not trough direct investment like the EB-5 visa in the US.

[@orangeninja912]

I moved to Estoril, Portugal last year on the D7 visa. Lovely country but the real estate will soon be out of reach for locals if it isn't already.

[@NotKimiRaikkonen]

TBF that was only one of the six options available: €500,000 in real estate, a €1.5 million capital transfer into Portugal, creation of at least 10 jobs in Portugal, €500,000 investment in scientific research or technological innovation, a €250,000 donation to preserving national heritage or supporting artistic endeavors or a minimum investment of €500,000 in venture capital or private equity funds focused on Portuguese businesses. Can't blame people taking the one that would actually make them money in the long run

[@lv3609]

@@orangeninja912 I don’t see issues with someone buying a house and living there, but people buying houses as investment to sit empty or those buying +10 houses to put in AirBnB this is wrong.

[@lv3609]

There is the issue of government matching the infrastructure to the volume AND expectations of those incoming people. As you know public healthcare system have been degrading. If the people coming here do not find infrastructure as they expected (saying, as is has been “sold” to them) the effects will be devastating, sudden crash. So in my opinion this have to be carefully regulated.

[@TheGreatMandalore]

As a Portuguese I hate, hate, this program. Thanks to it I will not be able to buy a flat, everything is more expensive and I just hate it. The guy is saying that the people that want the golden visa have bought only 0.4% of the total real estate in a year. 0.4% TO GET A GOLDEN VISA! AND THEN ONCE THEY GET IT THEY BUY 4 MORE FLATS!!!!! BUT THESE 4 FLATS DONT COUNT TOWARD THE STATS! Millionaires from the States are "bribing" their ways into our country and making everyone lives terrivble.

[@EnronnSierra]

Moving to a new country is hard, assimilation to culture, language, participating in community. People only want this for collateral purposes.

[@k1ngN0rk]

Yes in Portugal we open legs to anyone.

[@mishal_legit]

lol

[@mirzaahmed6589]

Especially the rich?

[@rhk199]

Well at least you guys are self aware😁

[@crypto_que]

Yeah that's right don't end the war, end the Golden Visa Program for those trying to escape the war. That makes a lot of sense.

[@davidg8628]

@@crypto_que Anyone fleeing from the war can apply for asylum, that as nothing to do with the golden visa.

[@user-um7tw6kx4r6]

Warning: the whole video is about Portugal

[@zapaweb]

To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Risk comes from not knowing what you are doing.

[@LeeseArgall]

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

[@TerranceAblao]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@moparalex]

I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

[@LuGatz-h8e]

Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much

[@MankerRalph]

Any specific guide. I'm from Georgia how do I go about this? I think I'm interested how can I get in touch with Mr Brian Nelson

[@GreenOliveBranch]

Cypriot here. Up until scandals were revealed, our government gave citizenship to not only corrupt politicians or businessmen, also criminals wanted by Interpol. Property prices sky rocketed, I know cases where a so-called Chinese investor bought a whole apartment and renting it out. Once he secured his citizenship he sold ‘the investment’ to other corrupt Russian investors. Circular economy for you. I’m very proud of my new compatriots 😂

[@tinglestingles]

Why does this video confuse residency with citizenship? Golden visa = passport???

[@billyhill434]

The portuguese golden visa does eventually lead to citizenship in about 7-8 years time if you meet other requirements. Many other golden visas do also but there tend to be a ton of additional requirements.

[@portugalgoldenvisa]

The program takes 5 years, followed by an approximate 18 - 24 month wait for citizenship. Other than a €500,000 qualifying investment, you need to pass an A2 Portuguese exam to qualify.

[@ayoCC]

Why can't golden Visas be tied to building housing for like 2 more families if you move in. Or yeah, making real investments into building up a local industry.

[@Q_QQ_Q]

What's what half a million for

[@ayoCC]

@@Q_QQ_Q right now it's just about owning a house, but they forgot building and providing two more units for other families

[@CUMBICA1970]

If you have a yacht and a private jet half million bucks is peanuts.

[@___beyondhorizon4664]

In September 2023, I met a young Israeli in Cusco, Peru on vacation. He said he's a Portugal citizen. A week after I return to the US, Oct 7 happened

[@peileed]

all over the world rich people are creating a massive housing issue, why make it worse, change the rules, to get the visa you need to create a business and hire X number of locals

[@portugalgoldenvisa]

They did change the rules, and you are no longer allowed to invest in real estate.

[@dieuwer5370]

Second citizenship means nothing anymore. The secondary country can take that citizenship away at any time if they don't like you. For example, Russian oligarchs or the CEO of Telegram.

[@brianquigley1940]

Criminals took advantage of this? Geez, what a surprise! I'm shocked... Wait, what happened in London in the 80s?

[@davidg8628]

The golden visa should only exist through investment, the option to obtain it by purchasing property should have never existed. Not only that, it ended far too late. Portugal is facing a massive housing crisis, the last thing it needs is to further increase the demand for housing, especially from wealthy foreigners who can easily outbid locals.

[@chrisfranklin7547]

On the other hand, the spiralling prices have led to major development and regeneration projects. It’s bizarre that a city like Lisbon has large run-down buildings that have been empty for decades, but they won’t stay that way now that they are valuable.

[@portugalgoldenvisa]

The housing crisis in Portugal is a result of the Portuguese Government building less housing than any other major government in Europe. Lisbon alone has 22,000 empty buildings. Foreign direct investment via real accounted for less than 3% of transactions but it was a convenient scape goat.

[@davidg8628]

@@chrisfranklin7547 The problem is that those projects are all for luxury housing, the locals are being driven out of their city where they can no longer afford to live. Lisbon is getting completely gentrified.

[@davidg8628]

@@portugalgoldenvisa The housing crisis is a result of many factors, lack of construction particularly for affordable housing is one of them. But the increased demand for housing from wealthy foreign investors only further exacerbates the problem, even assuming that the 3% number, those transactions are concentrated in a small region. No golden visa investors where buying up property in the interior of the country, its was mostly in the regions where the housing crisis was already more severe.

[@ShakibAhmedMagurmach]

I mean, you wanna charge for citizenship, instead of being socialist, be full form capitalist. Charge them as much as possible, may be off to bidding. What about $10M as starting price?

[@low-key4966]

You lost your mind. 10 million dollars is more money you'll ever make in your lifetime

[@ShakibAhmedMagurmach]

@@low-key4966 well, first, never say never. Secondly, isn't that the point? If you are auctioning your citizenship, you better get crème de la crème...

[@low-key4966]

​@ShakibAhmedMagurmach I understand your prospective, i think your blaming the wrong people you should instead blame the government for incentivesing rich people to purchase real estate inadvertently pricing out the locals so instead of that myopic policy they should instead tell them to invest in local businesses that should definitely help everyone

[@serebii666]

@@ShakibAhmedMagurmach "never say never" most of the reason for America's poor social services is exactly this false belief that one is meerly a Temporarily Embarrassed Millionaire. Statistics say you should err on the side of never. "crème de la crème" Billionaires are seldom the creme de la creme of society, often made by nepotism, and the majority of their wealth is never invested or functional. The creme de la creme are high skill professionals, and they are highly unlikely to be sitting on 10M liquid, let alone per person.

[@rafavince]

It's called competition, there are more countries and regions in the world where you can live and or invest in 😊

[@santostv.]

We sold the country but don’t worry gdp is going up😂 but don’t remember them we were left in the dust during 08. 10k us citizens with a lot of $$$ definitely increase prices in the areas they set up, fake investment what is helping the economy besides imi revenue for the government? Expats working for usa companies or usa customers, creating Minimum wage tourism jobs? A joke

[@QueenetBowie]

It’s not exactly the super rich, you need to buy a $500,000.00 house to qualify, as of 2024 the median US home price is $412,000.00.

[@jaad9848]

Apple to oranges. You cant compare the main house for Americans vs an investment house.

[@charlyk-w1h]

Plus I think you need to buy property outright/ have a high percentage of money down where as in the US much of that would be a mortgage

[@87channels]

Why don't I just marry someone with the citizenship and save myself 500,000 euros

[@RaphPorsche]

Then that will cost you more than 500.000 euros after divorce.

[@Chukspierre]

Golden visa aren't citizenship by investment programs, they are residency by investment programs with expedited citizenship by naturalisation

[@Q_QQ_Q]

How much time to citizenship ?

[@Chukspierre]

@@Q_QQ_Q depends. Portugal is 3 years, Greece is three, Turkey is one and Malta (probably the hardest to get, residency that is) is three

[@tinglestingles]

@@Q_QQ_Q 5 years plus a few years bureaucracy - Portugal. Need to speak Portuguese too.

[@deansmith3540]

Second PP is more of better quality of life and some evading US taxes...I don't believe a small European country has the military to protect itself plus having enough fire power in the world.

[@Maybemaybexyz]

Lol at Portugal being a former global power crying about Airbnb

[@bigfisher4354]

How dare they get upset about a foreign monopoly taking over the domestic tourism housing property! How dare they! Looking at the USA, giant monopolies buying up all American housing clearly has worked well for Americans - why don't those Europoors be more like the USA?

[@snowballeffect7812]

@@bigfisher4354 I think their complaints are valid, but it's still quite funny and ironic that a former colonial power is prostituting itself out as a doorway to Europe.

[@rickstainton2255]

I am a golden visa resident in Portugal, it’s a lovely country and the people are the best . It is however very bureaucratic and it’s difficult to make reasonable amounts of money

[@lv3609]

If you’re from USA, come to Portugal to live and do remote work, you’ll have USA level of salary and Portugal’s level of expenses.

[@rickstainton2255]

@@lv3609 not from USA but have been told that if you lose your online job it’s difficult to get another one without first doing a face to face , in other words you have to go back

[@lv3609]

@@rickstainton2255 Yeah, we probably are as poor as you’re, or worse

[@GZimmermann]

The lad running the solar panel bs industry with zero competitive advantages and getting a nice salary while he runs it, this is one example of all the leeches fostered by this. The money injected by rich foreigners into a failed state which has one the highest levels of bureaucracy and inefficiencies you can find in the world. If it weren’t by the Brazilians and all the other foreigners who are lured by EU passport, Portugal would be another Albania.

[@LyricsQuest]

Portugal is still offering ways of escaping your country (With enough money), just like in the movie Casablanca? The more things change, the more they stay the same.

[@daviddurbin2374]

Imagine a world in which the rich have to live with the consequences of their actions, er, I mean, economic externalities, that's it.

[@JustinCase_TV]

For 1 person from the US coming to Portugal to "help the economy", there's 1k indians and brazilians coming here, rip portuguese ppl and our country

[@Sniper21361]

I was thinking to give away my Portuguese citizenship but now I changed my mind.

[@kreight_]

As long as they don’t tax you for having the passport, it’s only a benefit to have more than one

[@MonteLogic]

Its a big deal but less than 600 applicants to this visa program in Portugal? They are rabble rousers!

[@portugalgoldenvisa]

There are over 12,000 main applicants in the Portugal Golden Visa program.

[@MonteLogic]

@@portugalgoldenvisa Look at the US side. And 12,000 applicants in a country of 10 Million. America has WAY more visa applicants per capita

[@portugalgoldenvisa]

​@@MonteLogic Simply updating you, there are 12,000 main applicants, not 600.

[@busterbiloxi3833]

This Is a sales pitch for Portugal. A massive con job!

[@andylishez]

All visas is discrimination by economic reason of people all people can have travelling around the world don't discriminate people from poor and corrupt country

[@gamestuff1959]

<a href="#" class="seekto" data-time="7">00:07</a> - a pin badge that says "i have it all"

[@chrystalmurray5535]

Are current golden visa holders grandfathered in and if so, can they renew for life?

[@portugalgoldenvisa]

If you are in the program, you are grandfathered even if the program ends.

[@tinglestingles]

immediately get permanent residency then... after 5 years and a Portuguese test - you get a passport after a few more years.

[@etienne4403]

Golden visa are fine, investment wise. But we should always be able to revoke them. Like for Russians or Chinese when they are sanctioned.

[@Limecat88]

Lets add Israel and the US onto that list too then since they're also responsible for tens of thousands of civilian deaths.

[@zxb8701]

🎉

[@Escape_The_Mundane]

What about germany we are going. Cool countries!

[@LastDitchGambling]

lol, lisbon themed escape plan...

[@SohaiKia]

interesting

[@penmax5137]

a yacht. a private jet. a Banksy. The super rich can have a Banksy. Hummmmmmmm….

[@SocialistSociopathPK442]

vasco da gama first voyage to Kerala

[@Phreno_Xeno]

Thanks for shitting up Europe Portugal!

[@EuBiUmSapo]

Thank you for ruining my country

[@JustinCase_TV]

+1

[@Privacityuser]

No human would participate in chaos infliction if offered an UBI

[@stompysnake8233]

UBI can't work. It will only bring perpetual inflation.

[@mosergianni7202]

I can realte to some degree me and my mum are probably moving to japan since europe is getting more dangerous with immigration and taxes

[@maxwalker1159]

!

[@pato_bravo]

Please don't take them ​senhor governo

[@hehe-mq2bk]

Brazil and Macau should be given special admission. they are brother nations after all

[@Actor_bad24IK]

Well,in Macau,you can be easily extradited and disappeared....Portugal is at the centre of the west..very safe place

[@stompysnake8233]

Not al brazilians are equal. Only the most productive should be allowed in.

[@dbm88]

I heard china? I thought they arent allowed dual citizenship lol

[@hehe-mq2bk]

they don't but MAYBE Hong Kong does?

[@lyhjiba]

Not allowed but people hide their passports well

[@dbm88]

@@hehe-mq2bk yeah but HK is not China

[@michael-qt3er]

@@dbm88 hong kong is part of china

[@PotatoMan007]

They can revoke their Chinese passport.

[@DragonKingGaav]

<a href="#" class="seekto" data-time="167">2:47</a> is that Terry O'Quinn's brother?

[@xmatterdaily]

What if someone does something bad and escape to Mars in future 😮

[@Novilicious]

We go to Portugal 🇵🇹 Italy 🇮🇹 or Greece 🇬🇷

[@portugalgoldenvisa]

Portugal is the best program as you can convert to citizenship after approximately 7 years.

[@snowballeffect7812]

@@portugalgoldenvisa yeah, and greece and italy are run by literal fascists atm lol. I believe greece is still under crippling debt from their IMF loan via germany, as well.

[@Philanthropist.]

Trump 2024