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The socioeconomic impact of the golden visa program in Portugal - the European Union´s golden visa landscape: the significance of Real Estate
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| 1.36 MB | Adobe PDF |
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Orientador(es)
Resumo(s)
In 2012, the Portuguese government implemented the Golden Visa program, which had many
socioeconomic ramifications. This paper analyses those impacts, showing that the Golden Visa
positively impacted the country’s short-term economic growth. Also, participating investors
pose no strain on social welfare services or induce any negative externalities. The shift to the
venture capital funds investment option, anticipated to be the future of the program, could
potentially expand an already flourishing industry. Finally, the removal of the real estate
investment options does not seem to damper the Portuguese program’s competitive position in
the European Union’s golden visa landscape.
Descrição
Palavras-chave
Golden visa Residence-by-investment Macroeconomic growth Social impact Real Estate Portugal European Union