Portugal still ‘top of the pops’ for Golden Visa despite rule changes - Andrew Rissik

The Portugal Golden Visa has long been a sought-after option for non-EU citizens, including several South Africans, looking for residency abroad. Launched in 2012 by the Portuguese government, the program aimed to attract foreign investment. However, concerns about escalating property prices led to changes in the Golden Visa’s rules. In an interview with Biznews Andrew Rissik from Sable International explained that despite fears that the program would be completely abolished, it remains available as a ‘Plan B’ or secondary residency option. Rissik clarified that while real estate investment is off the table, residency can still be achieved through private equity fund investments. In comparison with golden visas for other Western destinations, Portugal, he said, remains “top of the pops.” On the percentage of a wealth portfolio that South Africans should consider for overseas suitable investments, Rissik said Sable’s wealth advisors believe it should reflect South Africa’s share of the global market, which stands at 0.8%. The immigration specialist will hold roadshows in Cape Town from February 21 to 23, Johannesburg from January 27 to 29, and in Durban on January 29. South Africans have the opportunity to engage in one-on-one discussions with Sable International immigration experts to explore the investment options and golden visas available.  – Linda van Tilburg