We’re excited to read the highly anticipated “Resolution Reports” by Get Golden Visa research team, with a deep analysis exploring Portugal’s Golden Visa funds and how they fit into the ever-evolving immigration landscape. InVino is truly grateful for taking part of this insightful market report. Moving forward, we introduce below our brief review of it.
Navigating the Changes: A Retrospect of 2023
2023 was a year of great changes into Portugal’s Golden Visa Program. A shift was made away from real estate-centered investments, and a renewed focus on private equity funds was introduced. The discontinuation of the real estate investment program marked the dawn of a transformative era in wealth creation. These changes were not without their challenges, with investors facing a climate of uncertainty and reevaluation of eligibility criteria. The repercussions of these regulatory shifts reverberated within the global immigration community, encouraging a collective adjustment and examination of investment strategies.
“The changes brought both challenges and opportunities,” says Marcos Barcellos, Founder & Partner of InVino Capital. “Navigating this period was exceptionally challenging for successful investment decision-making, primarily due to the lack of transparency and legal stability. As expected, the turbulent scenario had a direct impact on foreign private investments via the Golden Visa Program, with some investors preferring to wait until the government’s final decision.”
Looking Ahead to 2024
As the Report anticipates the 2024 Golden Visa Program dynamics, it is evident that investment funds are set to continue their ascendancy. The foresight of industry experts and analysts align towards an increased demand especially from the US and a robust year for Golden Visa eligible funds, fostering growth in sectors such as tourism, technology, medical, energy and agriculture.
A Path to Prosperity
“2024 is a year of transition and triumph in the reimagined Golden Visa landscape” says Marcos Barcellos. “The Golden Visa program will attract more qualified investors seeking tax efficiency, diversification, and compliance, among other benefits for such type of regulated investments. In a constantly changing world, global mobility will continue to evolve as a key factor in investors’ decision-making process on where to invest, especially in a year to be marked by wars, political turmoil, among other events. The Portugal Golden Visa Program will continue benefiting from those trends, as it remains one of the best programs in the world.”, predicts Marcos Barcellos.
Additionally, Werner Gruner, Regional Partner of Get Golden Visa, concludes:
“This strategic shift in the Golden Visa Program places the spotlight on otherwise dismissed, promising opportunities for investors. These developments signal a forward-thinking approach to Portugal’s investment strategy, providing a comprehensive outlook for prospective investors.”
InVino Brief
The “Resolution Reports” analyze the Portuguese Golden Visa Program’s shift from real estate to private equity funds. This strategic redirection in 2023 aims to provide a stable and transparent investment framework. The report highlights challenges faced by investors during this transition, including a lack of clarity and legal consistency. However, projections for 2024 suggest increased demand for Golden Visa eligibility funds, especially from US investors. Analysts anticipate that this demand will stimulate growth in sectors like tourism, technology, medical, energy and agriculture. The report also predicts that Portugal’s Golden Visa Program will maintain its investor appeal by offering tax efficiency, diversification, and regulatory compliance in a world of geopolitical flux.
The InVino team is happy to be part of the global mobility discussion, and we’re committed to keeping you updated on the interesting journeys that are shaping the investment world. With a blend of expert analysis and on-the-ground wisdom, we look forward to guiding you through the challenges and opportunities that lie ahead in Portugal’s Golden Visa Program.
Read the full report here: Get a Look Ahead 2024
