Why The 'Golden Visa' May Be on Borrowed Time

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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