Portugal Introduces "Solidarity Visa" to Enhance Golden Visa Scheme and Aid Migrants

Portugal Introduces "Solidarity Visa" to Enhance Golden Visa Scheme and Aid Migrants

Daily Current Affairs   /   Portugal Introduces "Solidarity Visa" to Enhance Golden Visa Scheme and Aid Migrants

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Category : Miscellaneous Published on: June 11 2024

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  • Portugal plans to introduce a "solidarity visa" allowing affluent foreigners to invest in property, aiming to aid migrants and provide residency rights to non-EU nationals.
  • This new visa will be an addition to Portugal's existing golden visa scheme, which has attracted significant foreign investment since its launch in 2012.
  • The golden visa scheme has successfully garnered over 7.3 billion euros ($7.94 billion) in investment funds, highlighting its economic benefits for Portugal.
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