Portugal Overhauls Golden Visa Program, Shifting Focus from Real Estate

Portugal has modified its Golden Visa program, shifting the primary investment route from real estate to private capital. This change means that prospective investors seeking residency through the program will now need to direct their funds towards other avenues, such as venture capital funds or investments in national heritage restoration. The previous iteration of the program was heavily reliant on property acquisitions, a component that has now been largely phased out. This adjustment is intended to diversify the types of foreign investment entering the country and potentially channel capital into different economic sectors.