Not long after the last cabinet reshuffle, South Africans had to come to terms with the reality of a credit ratings downgrade to junk status and the impact that will have on development in the coming years; so, many have looked abroad, with two options having become very popular, besides the obvious emigration routes.
First off there’s the ‘golden visa’ option. Countries like Portugal have become very popular for wealthy South Africans and their families securing EU citizenship as a plan B for leaving South Africa.
Another option for South Africans with the means is citizenship by investment as a means of accessing the United Kingdom.
How it works:
Golden Visa Portugal is a unique residency-by-investment solution. By making an investment in Portugal, you can obtain EU residency rights. This can lead to Portuguese nationality for you and your dependents.
Samantha Carter, and immigration and nationality specialist at Sable International, explain why the Golden Visa is such a popular option for South Africans right now.