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. He said that compared to golden visas for other Western destinations, Portugal remains "top of the pops." Regarding the percentage of a wealth portfolio that South Africans should consider for suitable overseas 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 21 February to 23, Johannesburg from 27 February to 29, and Durban on 29 February. South Africans can engage in one-on-one discussions with Sable International immigration experts to explore the investment options and golden visas available.