With rising inflation in South Africa and global economic instability, a real estate-grounded fund is beneficial to safeguard finances. Besides the benefits of owning a property in another country, the opportunity of a Golden Visa is also an attractive incentive for South Africans seeking future security for their families. So, for South Africans opting for citizenship through property investment, is there currently a destination attracting much more attention than others?
“Investing in offshore property is an excellent way for South Africans to access emigration and residency in a foreign country. Statistically, Portugal rates as one of the most popular Golden Visa and investment destinations for South Africans due to the enticing family-friendly lifestyle and climate. This, together with other strong fundamentals, is how Portugal’s property market has lured a significant percentage of high-net-worth Individuals, particularly from South Africa. A key attraction for investors is Portugal’s stable economy and healthy property market,” explains Stuart Ferguson, Director of 12 Star Capital and CEO and Founder of American Dream.
The quality of education in Portugal is also a strong drawcard for South Africans. Both public and private schools in Portugal offer a holistic education environment which includes physical and recreational activities. Furthermore, Portugal boasts many prestigious universities that are highly rated on the international higher education rankings.
Investors can gain citizenship within five to six years once their Golden Visa has been approved. Once citizenship in Portugal has been obtained – besides travel within Schengen countries – you’re able to live and work anywhere within the EU. Investment structuring can achieve sustainability, minimise the tax burden. and ultimately ensure generational planning and the ability to leave a legacy.
In November 2022, the Portuguese Prime Minister indicated that there may be some changes to the country’s Golden Visa offering, due to the success of the programme. At this stage it is unclear as to what the changes will be, and if other immigration opportunities may become available. South Africans interested in pursuing the Golden Visa option are encouraged to act fast.
Boasting 10 years of experience in Citizenship by Investment Programmes, 12 Star Capital has a distinct understanding of the application process and is affiliated with experts in the field of immigration to ensure success is achieved. They aim to ensure you experience a streamlined process through the investment programme and acquiring an alternative residency. Additionally, 12 Star Capital is a member of the Investment Migration Council and IIUSA and a lifetime member of AIIA.
www.12starcapital.com