Bloomberg Originals | Why The 'Golden Visa' May Be on Borrowed Time @business | Uploaded 2 weeks ago | Updated 7 hours ago
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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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.
--------
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.
