In order to liven up the economy, at the beginning of 2013, the Portuguese government opted for a reform package with tax incentives for retired foreigners that decide to live in the country for more than 183 days a year, creating the “Golden Visa”, a new type of visa for non-EU citizens. The Golden Visa allows resident citizens outside of Europe that invest more than 500 million euro in real estate in Portugal to obtain European residency, meaning that they…
