Incredible! 800 Millionaires move to Porutgal in 2023.

Should you invest or move to Portugal?

Yes! 800 Millionaires seem to think so.

Facilitators Portugal was impressed with the high influx of millionaires moving to Portugal last year. Impressed but not surprised. Portugal is a small country and still highly concentrated urban areas - greater Lisbon - Porto - the Algarve. The rural and secondary cities offer huge opportunity for property investment and great lifestyle choices. 

Portugal's Population, GDP, and Land Size:

Portugal is a small European country with a population of approximately 10.2 million people and a GDP of around $261 billion as of 2023. Covering a land area of about 92,090 square kilometers, Portugal is known for its high quality of life, favorable climate, and strategic location within Europe. These factors, combined with a relatively low cost of living and attractive tax regimes, make it an appealing destination for wealth migration.

Wealth Migration Trends in 2023: 

In 2023, Portugal saw the influx of around 800 millionaires, as indicated by the migration data. This surge in high-net-worth individuals relocating to Portugal is part of a broader trend where countries with political stability, robust financial systems, and appealing lifestyle options are attracting the world's affluent. The influx is driven by factors such as Portugal’s Golden Visa program, which offers residency in exchange for investment, and its Non-Habitual Resident (NHR) tax regime.

Is 2024 is a Good Year to Relocate to Portugal?

2024 presents an opportune time to relocate to Portugal due to ongoing economic stability, enhanced lifestyle benefits, and the country’s evolving policies aimed at attracting wealthy individuals. The Portuguese government continues to offer favorable tax conditions and investment opportunities. Additionally, Portugal's real estate market remains appealing, and the country’s strong healthcare and educational systems provide a solid foundation for those looking to settle long-term. These factors, combined with the continuing global trend of wealth migration, make Portugal a compelling choice for relocation in 2024.