Portugal Just Made Citizenship Harder. Is the Golden Visa Still Worth It?

The Portuguese Golden Visa. Wow, is The Portuguese Golden Visa. Wow, is there a lot to talk about? But before we there a lot to talk about? But before we there a lot to talk about? But before we get into this interview, we want to get into this interview, we want to get into this interview, we want to acknowledge that recent changes to acknowledge that recent changes to acknowledge that recent changes to Portugal's citizenship laws have hit a Portugal's citizenship laws have hit a Portugal's citizenship laws have hit a lot of people in the Golden Visa process lot of people in the Golden Visa process lot of people in the Golden Visa process hard. If you're one of those people, we hard. If you're one of those people, we hard. If you're one of those people, we hear you. And this video isn't going to hear you. And this video isn't going to hear you. And this video isn't going to answer your specific situation, but what answer your specific situation, but what answer your specific situation, but what it will do is help those who are still it will do is help those who are still it will do is help those who are still deciding whether to start a Golden Visa deciding whether to start a Golden Visa deciding whether to start a Golden Visa at all in light of what's changed. at all in light of what's changed. at all in light of what's changed. >> Shane, there seems to be a lot of >> Shane, there seems to be a lot of >> Shane, there seems to be a lot of changes going on in Portugal when it changes going on in Portugal when it changes going on in Portugal when it comes to immigration and the Golden Visa comes to immigration and the Golden Visa comes to immigration and the Golden Visa and so on. So, my first question for and so on. So, my first question for and so on. So, my first question for you, is the Golden Visa for Portugal you, is the Golden Visa for Portugal you, is the Golden Visa for Portugal still worth it? still worth it? still worth it? >> When we've now looked at everything from >> When we've now looked at everything from >> When we've now looked at everything from what other countries are offering, what what other countries are offering, what what other countries are offering, what the benefits of other countries compared the benefits of other countries compared the benefits of other countries compared to Portugal, to Portugal, to Portugal, when we've looked at it as a close when we've looked at it as a close when we've looked at it as a close subject, what why Portugal? Portugal's subject, what why Portugal? Portugal's subject, what why Portugal? Portugal's the only country in the world that the only country in the world that the only country in the world that offers you a residency without having to offers you a residency without having to offers you a residency without having to pack up and go. So, you are able to pack up and go. So, you are able to pack up and go. So, you are able to manage and have the flexibility to do it manage and have the flexibility to do it manage and have the flexibility to do it on your own time. So, if you want to on your own time. So, if you want to on your own time. So, if you want to become a tax resident, you can, but if become a tax resident, you can, but if become a tax resident, you can, but if you don't want to become a tax resident, you don't want to become a tax resident, you don't want to become a tax resident, you can manage that process, the timing, you can manage that process, the timing, you can manage that process, the timing, how long you want to spend in Portugal.

how long you want to spend in Portugal. how long you want to spend in Portugal. So, from that side purely, yes, Portugal So, from that side purely, yes, Portugal So, from that side purely, yes, Portugal is amazing. Other benefits are things is amazing. Other benefits are things is amazing. Other benefits are things like cost of living. If you compare, for like cost of living. If you compare, for like cost of living. If you compare, for instance, the US, we're finding what instance, the US, we're finding what instance, the US, we're finding what clients in the US are spending per month clients in the US are spending per month clients in the US are spending per month on medical, in Portugal they're spending on medical, in Portugal they're spending on medical, in Portugal they're spending per year. per year. per year. >> Mhm. >> Mhm. >> Mhm. >> So, it's a massive cost savings. And one >> So, it's a massive cost savings. And one >> So, it's a massive cost savings. And one of the benefits of being a resident is of the benefits of being a resident is of the benefits of being a resident is you have access to medical, you have you have access to medical, you have you have access to medical, you have access to everything a citizen has other access to everything a citizen has other access to everything a citizen has other than voting. So, the benefits far than voting. So, the benefits far than voting. So, the benefits far outweigh any kind of potential changes outweigh any kind of potential changes outweigh any kind of potential changes that that are there. We're also finding that that are there. We're also finding that that are there. We're also finding clients are looking at Portugal clients are looking at Portugal clients are looking at Portugal alternative reasons. If you look at last alternative reasons. If you look at last alternative reasons. If you look at last year, The Economist voted Portugal the year, The Economist voted Portugal the year, The Economist voted Portugal the number one economy in the world. You number one economy in the world. You number one economy in the world. You look at the retirement-wise, Portugal's look at the retirement-wise, Portugal's look at the retirement-wise, Portugal's voted this year the number one voted this year the number one voted this year the number one retirement destination in the world. So, retirement destination in the world. So, retirement destination in the world. So, there's a lot of benefits, there's a lot there's a lot of benefits, there's a lot there's a lot of benefits, there's a lot of reasons why people are wanting to of reasons why people are wanting to of reasons why people are wanting to come here. But, if we look at our client come here. But, if we look at our client come here. But, if we look at our client base, a lot of them are wanting to have base, a lot of them are wanting to have base, a lot of them are wanting to have that plan B. They don't know what the that plan B. They don't know what the that plan B. They don't know what the future's going to hold. future's going to hold. future's going to hold. >> Mhm. They don't know what opportunities >> Mhm. They don't know what opportunities >> Mhm. They don't know what opportunities are going to be around for their are going to be around for their are going to be around for their children once they hit universities, children once they hit universities, children once they hit universities, once they start work. So, this gives once they start work. So, this gives once they start work. So, this gives them that pathway to be able to tick the them that pathway to be able to tick the them that pathway to be able to tick the box and secure their futures. So, yeah, box and secure their futures. So, yeah, box and secure their futures. So, yeah, Portugal's got a lot of benefit to it.

Portugal's got a lot of benefit to it. Portugal's got a lot of benefit to it. >> Okay, so with the recent changes of the >> Okay, so with the recent changes of the >> Okay, so with the recent changes of the citizenship now going from 5 years to 10 citizenship now going from 5 years to 10 citizenship now going from 5 years to 10 years, years, years, is it still worth people to to start now is it still worth people to to start now is it still worth people to to start now and work towards that permanent and work towards that permanent and work towards that permanent residency? residency? residency? >> Yeah, I would say definitely yes, >> Yeah, I would say definitely yes, >> Yeah, I would say definitely yes, because because because yes, 10 years is a long time, but if we yes, 10 years is a long time, but if we yes, 10 years is a long time, but if we look at the history and we look at what look at the history and we look at what look at the history and we look at what the EU is doing, the EU is the one the EU is doing, the EU is the one the EU is doing, the EU is the one that's put a lot of pressure onto that's put a lot of pressure onto that's put a lot of pressure onto Portugal to adjust their timeline. Portugal to adjust their timeline. Portugal to adjust their timeline. They are trying to adjust their timeline They are trying to adjust their timeline They are trying to adjust their timeline to meet with the rest of the world. If to meet with the rest of the world. If to meet with the rest of the world. If you look at places like Spain, Italy, you look at places like Spain, Italy, you look at places like Spain, Italy, Latvia, they're all a 10-year program Latvia, they're all a 10-year program Latvia, they're all a 10-year program already. So, all they've done is they've already. So, all they've done is they've already. So, all they've done is they've adjusted it to meet the same as the rest adjusted it to meet the same as the rest adjusted it to meet the same as the rest of the EU. We knew it was coming. It was of the EU. We knew it was coming. It was of the EU. We knew it was coming. It was a matter of time for when. a matter of time for when. a matter of time for when. >> Mhm. >> Mhm. >> Mhm. >> Okay, so now it's here. >> Okay, so now it's here. >> Okay, so now it's here. The benefit of the Portuguese Golden The benefit of the Portuguese Golden The benefit of the Portuguese Golden Visa in its current format is it nothing Visa in its current format is it nothing Visa in its current format is it nothing has changed. So, the Golden Visa has has changed. So, the Golden Visa has has changed. So, the Golden Visa has always been a residency program. That always been a residency program. That always been a residency program. That residency program has and does have a residency program has and does have a residency program has and does have a pathway to citizenship. It's just a pathway to citizenship. It's just a pathway to citizenship. It's just a couple of extra steps now. couple of extra steps now. couple of extra steps now. >> Okay. >> Okay. >> Okay. >> So, what we're seeing now, most of our >> So, what we're seeing now, most of our >> So, what we're seeing now, most of our clients are investing, clients are investing, clients are investing, but their investment timeline is but their investment timeline is but their investment timeline is generally a 5-to-6-year period.

generally a 5-to-6-year period. generally a 5-to-6-year period. Nothing's changed because after that Nothing's changed because after that Nothing's changed because after that 5-to-6-year period now, we can apply for 5-to-6-year period now, we can apply for 5-to-6-year period now, we can apply for permanent residency. That permanent permanent residency. That permanent permanent residency. That permanent residency gives you a little bit more residency gives you a little bit more residency gives you a little bit more security on your residency side of security on your residency side of security on your residency side of things, but at the same time, it doesn't things, but at the same time, it doesn't things, but at the same time, it doesn't change the amount of time that you need change the amount of time that you need change the amount of time that you need to be in Portugal. to be in Portugal. to be in Portugal. >> Okay. >> Okay. >> Okay. >> That process still remains the same. >> That process still remains the same. >> That process still remains the same. It's still the 14 days every 2 years. It It's still the 14 days every 2 years. It It's still the 14 days every 2 years. It just becomes a little bit more just becomes a little bit more just becomes a little bit more simplified because the investment is no simplified because the investment is no simplified because the investment is no longer required. longer required. longer required. >> Okay. >> Okay. >> Okay. >> And to be honest, a lot of these >> And to be honest, a lot of these >> And to be honest, a lot of these investments, they are generating great investments, they are generating great investments, they are generating great returns. In all fairness, you may want returns. In all fairness, you may want returns. In all fairness, you may want to keep your investment going forward. to keep your investment going forward. to keep your investment going forward. It may be a lifelong investment that you It may be a lifelong investment that you It may be a lifelong investment that you want to be able to do. want to be able to do. want to be able to do. And that's something we can assist with. And that's something we can assist with. And that's something we can assist with. >> Okay, so you have the option actually. >> Okay, so you have the option actually. >> Okay, so you have the option actually. So after 5 years, now instead of So after 5 years, now instead of So after 5 years, now instead of applying for citizenship since that's applying for citizenship since that's applying for citizenship since that's 10, you apply for permanent residency. 10, you apply for permanent residency. 10, you apply for permanent residency. It doesn't mean that you have to live It doesn't mean that you have to live It doesn't mean that you have to live more long-term in Portugal. You can if more long-term in Portugal. You can if more long-term in Portugal. You can if you want. And then you can choose to you want. And then you can choose to you want. And then you can choose to take your investment out or just keep it take your investment out or just keep it take your investment out or just keep it in. in. in. >> Correct. It keeps that ideal of >> Correct. It keeps that ideal of >> Correct. It keeps that ideal of flexibility in play. Yes, it's an It is flexibility in play. Yes, it's an It is flexibility in play. Yes, it's an It is a small speed bump, but at the end of a small speed bump, but at the end of a small speed bump, but at the end of the day 5 years goes within a heartbeat.

the day 5 years goes within a heartbeat. the day 5 years goes within a heartbeat. >> Mhm. >> Mhm. >> Mhm. >> We all know how quickly it goes. I mean, >> We all know how quickly it goes. I mean, >> We all know how quickly it goes. I mean, look at when was COVID? We all think look at when was COVID? We all think look at when was COVID? We all think COVID was yesterday, but it was 6 years COVID was yesterday, but it was 6 years COVID was yesterday, but it was 6 years ago now. ago now. ago now. >> Yeah. >> Yeah. >> Yeah. >> It does go quite quickly. Portugal's >> It does go quite quickly. Portugal's >> It does go quite quickly. Portugal's come to the party. Everybody's heard of come to the party. Everybody's heard of come to the party. Everybody's heard of this backlog that everyone's worrying this backlog that everyone's worrying this backlog that everyone's worrying about. Clients are waiting for many, about. Clients are waiting for many, about. Clients are waiting for many, many years. That's now being cleared. If many years. That's now being cleared. If many years. That's now being cleared. If we look at the current situation, every we look at the current situation, every we look at the current situation, every single main applicant has now either had single main applicant has now either had single main applicant has now either had their biometric or is completing it now their biometric or is completing it now their biometric or is completing it now before June. And as of this weekend now, before June. And as of this weekend now, before June. And as of this weekend now, we started to get all the dependents we started to get all the dependents we started to get all the dependents biometric appointments. So clients biometric appointments. So clients biometric appointments. So clients coming in now, coming in now, coming in now, they're going to have a clear path ahead they're going to have a clear path ahead they're going to have a clear path ahead of them. Already biometrics have been of them. Already biometrics have been of them. Already biometrics have been given to our clients that signed up in given to our clients that signed up in given to our clients that signed up in September. It's not going to go back to September. It's not going to go back to September. It's not going to go back to when we originally started off 4 or 5 when we originally started off 4 or 5 when we originally started off 4 or 5 months to be able to complete. To manage months to be able to complete. To manage months to be able to complete. To manage expectation, we tell clients 12 months expectation, we tell clients 12 months expectation, we tell clients 12 months now. now. now. >> Okay. >> Okay. >> Okay. >> But in all fairness, it should be a lot >> But in all fairness, it should be a lot >> But in all fairness, it should be a lot less. less. less. >> Yeah, so that's good. So I guess they >> Yeah, so that's good. So I guess they >> Yeah, so that's good. So I guess they just prioritized then getting through just prioritized then getting through just prioritized then getting through because the backlog was so bad. because the backlog was so bad. because the backlog was so bad. >> Portugal was a little bit embarrassed >> Portugal was a little bit embarrassed >> Portugal was a little bit embarrassed about the backlog and about the backlog and about the backlog and >> They should have been. >> They should have been. >> They should have been. >> Yeah. >> Yeah. >> Yeah. >> [laughter] >> [laughter] >> [laughter] >> But [snorts] I think when they've gone >> But [snorts] I think when they've gone >> But [snorts] I think when they've gone through this whole president change and through this whole president change and through this whole president change and all these political changes, they've all these political changes, they've all these political changes, they've realized yes, they've got a little bit realized yes, they've got a little bit realized yes, they've got a little bit of a bad name. Let's fix that. And of a bad name. Let's fix that. And of a bad name. Let's fix that. And they've put the effort in and they've they've put the effort in and they've they've put the effort in and they've pretty much done it. For many, many pretty much done it. For many, many pretty much done it. For many, many years they were telling us we're going years they were telling us we're going years they were telling us we're going to do it, we're going to do it. And to do it, we're going to do it. And to do it, we're going to do it. And literally in December overnight, we got literally in December overnight, we got literally in December overnight, we got an email and they did it. I suppose they an email and they did it. I suppose they an email and they did it. I suppose they they're keeping their promises they're keeping their promises they're keeping their promises >> at their own pace.

>> at their own pace. >> at their own pace. >> [laughter] >> [laughter] >> [laughter] >> at their own pace. >> at their own pace. >> at their own pace. >> Yeah. >> Yeah. >> Yeah. >> Yeah. >> Yeah. >> Yeah. >> Okay, so someone who's considering the >> Okay, so someone who's considering the >> Okay, so someone who's considering the Golden Visa, let's break down some Golden Visa, let's break down some Golden Visa, let's break down some numbers, how much money they have to put numbers, how much money they have to put numbers, how much money they have to put in, what options they have, and then in, what options they have, and then in, what options they have, and then what the route actually looks like. what the route actually looks like. what the route actually looks like. >> we look at the Golden Visa itself, the >> we look at the Golden Visa itself, the >> we look at the Golden Visa itself, the criteria changed about 3 years ago. So criteria changed about 3 years ago. So criteria changed about 3 years ago. So everyone that came in then was a everyone that came in then was a everyone that came in then was a property investment. Everyone wanted property investment. Everyone wanted property investment. Everyone wanted property. There's many reasons why that property. There's many reasons why that property. There's many reasons why that changed, but effectively what did change changed, but effectively what did change changed, but effectively what did change is now we're investing into investment is now we're investing into investment is now we're investing into investment funds. funds. funds. >> Okay. >> Okay. >> Okay. >> So fund structure. So it's gone more of >> So fund structure. So it's gone more of >> So fund structure. So it's gone more of a financial kind of structure and it's a financial kind of structure and it's a financial kind of structure and it's better for Portugal if you look at it at better for Portugal if you look at it at better for Portugal if you look at it at the end of the day. Instead of investing the end of the day. Instead of investing the end of the day. Instead of investing into one sector, you can now invest in into one sector, you can now invest in into one sector, you can now invest in multiple sectors. multiple sectors. multiple sectors. So it's done well for Portugal and as I So it's done well for Portugal and as I So it's done well for Portugal and as I mentioned earlier, the economist now mentioned earlier, the economist now mentioned earlier, the economist now rates the economy number one in the rates the economy number one in the rates the economy number one in the world. It's done what it needed to do. world. It's done what it needed to do. world. It's done what it needed to do. So So So 500,000 goes into the investment. That 500,000 goes into the investment. That 500,000 goes into the investment. That investment can be a number of different investment can be a number of different investment can be a number of different things, but predominantly from a client things, but predominantly from a client things, but predominantly from a client point of view, they're investing into point of view, they're investing into point of view, they're investing into funds. funds. funds. >> Mhm. >> Mhm. >> Mhm. >> That can be venture capital funds, it >> That can be venture capital funds, it >> That can be venture capital funds, it can be private equity funds. There's a can be private equity funds. There's a can be private equity funds. There's a fund that does cars for instance. So fund that does cars for instance. So fund that does cars for instance. So there's multiple different ways of there's multiple different ways of there's multiple different ways of investing, solar, but we work with our investing, solar, but we work with our investing, solar, but we work with our clients to figure out what is the best clients to figure out what is the best clients to figure out what is the best option for them.

option for them. option for them. >> Okay. >> Okay. >> Okay. >> The other thing that you need to look at >> The other thing that you need to look at >> The other thing that you need to look at when you're investing into a fund is you when you're investing into a fund is you when you're investing into a fund is you have two options. You have a have two options. You have a have two options. You have a closed-ended fund and an open-ended closed-ended fund and an open-ended closed-ended fund and an open-ended fund. Your open-ended funds are more fund. Your open-ended funds are more fund. Your open-ended funds are more flexible in the format that you can flexible in the format that you can flexible in the format that you can withdraw at any time. It's a little bit withdraw at any time. It's a little bit withdraw at any time. It's a little bit more liquid. more liquid. more liquid. >> Mhm. >> Mhm. >> Mhm. >> Your closed-ended funds, those are more >> Your closed-ended funds, those are more >> Your closed-ended funds, those are more high reward, high reward, high reward, but your funds are locked away for at but your funds are locked away for at but your funds are locked away for at least a 7-year period. least a 7-year period. least a 7-year period. >> Okay. >> Okay. >> Okay. >> But that's something we work with >> But that's something we work with >> But that's something we work with clients to figure out. We've been doing clients to figure out. We've been doing clients to figure out. We've been doing this a long time. So when we looked at this a long time. So when we looked at this a long time. So when we looked at this, we looked at our client base and this, we looked at our client base and this, we looked at our client base and we looked at what are they wanting, what we looked at what are they wanting, what we looked at what are they wanting, what are our clients needing. We figured out are our clients needing. We figured out are our clients needing. We figured out that the one-size-fits-all doesn't work. that the one-size-fits-all doesn't work. that the one-size-fits-all doesn't work. >> Okay. >> Okay. >> Okay. >> So we have to have alternative products >> So we have to have alternative products >> So we have to have alternative products for a little bit more conservative for a little bit more conservative for a little bit more conservative investment. We need some sort of a investment. We need some sort of a investment. We need some sort of a guarantee in place. We need some sort of guarantee in place. We need some sort of guarantee in place. We need some sort of a a structure to help them sleep at a a structure to help them sleep at a a structure to help them sleep at night. night. night. >> Mhm. >> Mhm. >> Mhm. >> So we have investments that start from >> So we have investments that start from >> So we have investments that start from about 325,000. about 325,000. about 325,000. >> Okay. >> Okay. >> Okay. >> 399,000. >> 399,000. >> 399,000. It's all worked, it's all legitimate. We It's all worked, it's all legitimate. We It's all worked, it's all legitimate. We will provide you with the upfront will provide you with the upfront will provide you with the upfront returns. returns. returns. >> Mhm. >> Mhm. >> Mhm. >> But, what that means is you're now >> But, what that means is you're now >> But, what that means is you're now reducing your capital risk because reducing your capital risk because reducing your capital risk because you're only paying less capital. And you're only paying less capital. And you're only paying less capital. And because of that, your exposure is lower.

because of that, your exposure is lower. because of that, your exposure is lower. It's not to say you're not going to get It's not to say you're not going to get It's not to say you're not going to get a return cuz we do. We give you an a return cuz we do. We give you an a return cuz we do. We give you an upfront return, 4% per year. upfront return, 4% per year. upfront return, 4% per year. >> Mhm. >> Mhm. >> Mhm. >> That we give you 6 years upfront, which >> That we give you 6 years upfront, which >> That we give you 6 years upfront, which on the 350 9 option works out to be on the 350 9 option works out to be on the 350 9 option works out to be 101,000. So, that secures your 101,000. So, that secures your 101,000. So, that secures your investment with the Golden Visa. For investment with the Golden Visa. For investment with the Golden Visa. For 500,000 invested and that's not invested 500,000 invested and that's not invested 500,000 invested and that's not invested through anyone else. It has to be through anyone else. It has to be through anyone else. It has to be invested in your name. invested in your name. invested in your name. >> Mhm. >> Mhm. >> Mhm. >> So, the bank that the account that you >> So, the bank that the account that you >> So, the bank that the account that you open up, that holds your what they call open up, that holds your what they call open up, that holds your what they call UPs, units of participation. UPs, units of participation. UPs, units of participation. >> Mhm. >> Mhm. >> Mhm. >> So, at no point in time are you ever at >> So, at no point in time are you ever at >> So, at no point in time are you ever at risk of someone being able to access risk of someone being able to access risk of someone being able to access your funds. your funds. your funds. >> Okay. >> Okay. >> Okay. >> It's always in your name. >> It's always in your name. >> It's always in your name. >> Mhm. >> Mhm. >> Mhm. >> So, that's to help those clients that >> So, that's to help those clients that >> So, that's to help those clients that are looking for more security structure. are looking for more security structure. are looking for more security structure. >> Mhm. >> Mhm. >> Mhm. >> Because let's be honest, a lot of >> Because let's be honest, a lot of >> Because let's be honest, a lot of clients don't know Portugal from an clients don't know Portugal from an clients don't know Portugal from an investment point of view. So, this is a investment point of view. So, this is a investment point of view. So, this is a scary environment. Yes, you have people scary environment. Yes, you have people scary environment. Yes, you have people like me that can assist and and walk you like me that can assist and and walk you like me that can assist and and walk you through it, but a lot of clients it's a through it, but a lot of clients it's a through it, but a lot of clients it's a little bit nerve-wracking to be able to little bit nerve-wracking to be able to little bit nerve-wracking to be able to just come into an economy that no one just come into an economy that no one just come into an economy that no one knows. knows. knows. >> Mhm. >> Mhm. >> Mhm. >> That's one structure that is able to >> That's one structure that is able to >> That's one structure that is able to secure. The other option is for those secure. The other option is for those secure. The other option is for those clients that are looking for more clients that are looking for more clients that are looking for more growth. They're pulling out their growth. They're pulling out their growth. They're pulling out their investments from, let's say for investments from, let's say for investments from, let's say for instance, the US in those markets and instance, the US in those markets and instance, the US in those markets and they want to be able to make sure that they want to be able to make sure that they want to be able to make sure that the growth that they're achieving there the growth that they're achieving there the growth that they're achieving there is matched or bettered within a Portugal is matched or bettered within a Portugal is matched or bettered within a Portugal environment.

environment. environment. >> Okay. >> Okay. >> Okay. >> So, we have different funds all >> So, we have different funds all >> So, we have different funds all throughout Portugal and the emphasis throughout Portugal and the emphasis throughout Portugal and the emphasis needs to be placed more on the fund needs to be placed more on the fund needs to be placed more on the fund managers themselves. Those fund managers managers themselves. Those fund managers managers themselves. Those fund managers that we deal with, they've been doing that we deal with, they've been doing that we deal with, they've been doing this for a very long time. Golden Visa this for a very long time. Golden Visa this for a very long time. Golden Visa is a bonus for them. They never is a bonus for them. They never is a bonus for them. They never developed their products around the developed their products around the developed their products around the Golden Visa. Golden Visa. Golden Visa. >> Mhm. >> Mhm. >> Mhm. >> Which means that their experience and >> Which means that their experience and >> Which means that their experience and knowledge was way before the Golden knowledge was way before the Golden knowledge was way before the Golden Visa. Visa. Visa. >> Okay. >> Okay. >> Okay. >> So, that's where the benefit of them >> So, that's where the benefit of them >> So, that's where the benefit of them come in. The fact that they do have come in. The fact that they do have come in. The fact that they do have products that we can invest through the products that we can invest through the products that we can invest through the Golden Visa, that's a a for them. The Golden Visa, that's a a for them. The Golden Visa, that's a a for them. The requirement for a fund is that 60% of requirement for a fund is that 60% of requirement for a fund is that 60% of that fund needs to be invested into that fund needs to be invested into that fund needs to be invested into local entities within Portugal. local entities within Portugal. local entities within Portugal. >> Okay. >> Okay. >> Okay. >> The other 40% can be invested anywhere >> The other 40% can be invested anywhere >> The other 40% can be invested anywhere else in the world. Predominantly, I else in the world. Predominantly, I else in the world. Predominantly, I would say would say would say funds at the moment to make sure there's funds at the moment to make sure there's funds at the moment to make sure there's no variance are investing probably a no variance are investing probably a no variance are investing probably a 70/30 split. But, what we're seeing from 70/30 split. But, what we're seeing from 70/30 split. But, what we're seeing from a client's investment point of view is a client's investment point of view is a client's investment point of view is they're making the returns. Some of they're making the returns. Some of they're making the returns. Some of these clients have made 20% per year for these clients have made 20% per year for these clients have made 20% per year for the last 3 years. the last 3 years. the last 3 years. >> Wow, okay. >> Wow, okay. >> Wow, okay. >> It's not to say it's always going to >> It's not to say it's always going to >> It's not to say it's always going to happen. happen. happen. >> Mhm. >> Mhm. >> Mhm. >> What is that old saying? Last year's >> What is that old saying? Last year's >> What is that old saying? Last year's performance doesn't dictate uh next performance doesn't dictate uh next performance doesn't dictate uh next year's performance.

year's performance. year's performance. >> Mhm. >> Mhm. >> Mhm. >> But, we work with the clients to be able >> But, we work with the clients to be able >> But, we work with the clients to be able to figure out. We're able to bring in to figure out. We're able to bring in to figure out. We're able to bring in the fund managers themselves. What the fund managers themselves. What the fund managers themselves. What that's one of the nice things. It's not that's one of the nice things. It's not that's one of the nice things. It's not like a BlackRock where you're trying to like a BlackRock where you're trying to like a BlackRock where you're trying to get a fund manager that's looking after get a fund manager that's looking after get a fund manager that's looking after a trillion dollars. a trillion dollars. a trillion dollars. >> Mhm. >> Mhm. >> Mhm. >> We're able to pull a fund manager in for >> We're able to pull a fund manager in for >> We're able to pull a fund manager in for a one-on-one meeting to be able to go a one-on-one meeting to be able to go a one-on-one meeting to be able to go through why they're investing here, what through why they're investing here, what through why they're investing here, what are their expectations, where do they are their expectations, where do they are their expectations, where do they see things going. So, it also helps see things going. So, it also helps see things going. So, it also helps clients educate and figure out what will clients educate and figure out what will clients educate and figure out what will work better for them. work better for them. work better for them. >> Okay, so someone's thinking maybe I need >> Okay, so someone's thinking maybe I need >> Okay, so someone's thinking maybe I need a plan B or I want this for my kids a plan B or I want this for my kids a plan B or I want this for my kids later on. So, it looks like this is a later on. So, it looks like this is a later on. So, it looks like this is a good long-term idea. What's the first good long-term idea. What's the first good long-term idea. What's the first step? They jump on a call with you, you step? They jump on a call with you, you step? They jump on a call with you, you talk with them about what happens, or talk with them about what happens, or talk with them about what happens, or what's the first step this is? what's the first step this is? what's the first step this is? >> that it's important to one figure out >> that it's important to one figure out >> that it's important to one figure out first of all what the Golden Visa is. first of all what the Golden Visa is. first of all what the Golden Visa is. So, jump on a call, figure out what the So, jump on a call, figure out what the So, jump on a call, figure out what the Golden Visa is, how it works for you. Golden Visa is, how it works for you. Golden Visa is, how it works for you. Because the Golden Visa has many Because the Golden Visa has many Because the Golden Visa has many different benefits. different benefits. different benefits. >> Mhm. >> Mhm. >> Mhm. >> You can add three generations on, for >> You can add three generations on, for >> You can add three generations on, for instance. You can include main instance. You can include main instance. You can include main applicant's spouse, children, as well as applicant's spouse, children, as well as applicant's spouse, children, as well as parents. And both sets of parents for parents. And both sets of parents for parents. And both sets of parents for spouse and main applicant.

spouse and main applicant. spouse and main applicant. >> Wow. >> Wow. >> Wow. >> Which then means three generations are >> Which then means three generations are >> Which then means three generations are coming in under one investment. coming in under one investment. coming in under one investment. >> All under the 500,000. >> All under the 500,000. >> All under the 500,000. >> All under the 500,000. >> All under the 500,000. >> All under the 500,000. >> You can plan that far ahead for parents' >> You can plan that far ahead for parents' >> You can plan that far ahead for parents' retirement, as well as kids' education. retirement, as well as kids' education. retirement, as well as kids' education. >> Mhm. >> Mhm. >> Mhm. >> So, that's one of the main things there. >> So, that's one of the main things there. >> So, that's one of the main things there. The other thing is, yes, we're talking The other thing is, yes, we're talking The other thing is, yes, we're talking about a 5-year term for permanent about a 5-year term for permanent about a 5-year term for permanent residency or a 10-year term for residency or a 10-year term for residency or a 10-year term for but understanding the Golden Visa, but understanding the Golden Visa, but understanding the Golden Visa, that's the first thing. that's the first thing. that's the first thing. >> Okay. >> Okay. >> Okay. >> Once you've understood that, we then dig >> Once you've understood that, we then dig >> Once you've understood that, we then dig into the investment itself. What will into the investment itself. What will into the investment itself. What will work better for you? We spend quite a work better for you? We spend quite a work better for you? We spend quite a lot of time on that, making sure that lot of time on that, making sure that lot of time on that, making sure that what is your risk appetite, how what is your risk appetite, how what is your risk appetite, how investment savvy are you for instance? investment savvy are you for instance? investment savvy are you for instance? Because the Golden Visa also protects Because the Golden Visa also protects Because the Golden Visa also protects investors. We're unable to take 100% of investors. We're unable to take 100% of investors. We're unable to take 100% of your money and put it into investment your money and put it into investment your money and put it into investment fund because that would be crazy. fund because that would be crazy. fund because that would be crazy. >> Mhm. >> Mhm. >> Mhm. >> So, we do work with you to figure out >> So, we do work with you to figure out >> So, we do work with you to figure out what the best route is. what the best route is. what the best route is. >> Okay. So, if I want to apply, do I just >> Okay. So, if I want to apply, do I just >> Okay. So, if I want to apply, do I just have to have like 500,000 euros sitting have to have like 500,000 euros sitting have to have like 500,000 euros sitting in my checking account and then that in my checking account and then that in my checking account and then that gets transferred over or like the gets transferred over or like the gets transferred over or like the financially, like how much money do I financially, like how much money do I financially, like how much money do I have to have sitting with me to get have to have sitting with me to get have to have sitting with me to get going?

going? going? >> Yeah, so the 500,000 is a requirement >> Yeah, so the 500,000 is a requirement >> Yeah, so the 500,000 is a requirement for your investment itself. But, to be for your investment itself. But, to be for your investment itself. But, to be able to invest into a fund, you have to able to invest into a fund, you have to able to invest into a fund, you have to be what they call an accredited investor be what they call an accredited investor be what they call an accredited investor or understand investments. An accredited or understand investments. An accredited or understand investments. An accredited investor basically means that you have investor basically means that you have investor basically means that you have sufficient funds to be able to continue sufficient funds to be able to continue sufficient funds to be able to continue to live your your lifestyle without the to live your your lifestyle without the to live your your lifestyle without the 500,000 impacting you negatively. 500,000 impacting you negatively. 500,000 impacting you negatively. >> Okay. >> Okay. >> Okay. >> But, also that you have an understanding >> But, also that you have an understanding >> But, also that you have an understanding of what type of investment you are of what type of investment you are of what type of investment you are investing in. investing in. investing in. >> Mhm. >> Mhm. >> Mhm. >> So, it's just the education is there and >> So, it's just the education is there and >> So, it's just the education is there and the resources are there. the resources are there. the resources are there. We don't want to take your last 500,000 We don't want to take your last 500,000 We don't want to take your last 500,000 and then put you on the street. and then put you on the street. and then put you on the street. >> Yeah. >> Yeah. >> Yeah. >> So, we make sure that that is all in >> So, we make sure that that is all in >> So, we make sure that that is all in plan and it's called KYC. So, KYC, we plan and it's called KYC. So, KYC, we plan and it's called KYC. So, KYC, we make sure that we know where these funds make sure that we know where these funds make sure that we know where these funds are coming from, what they're being used are coming from, what they're being used are coming from, what they're being used for, make sure we tick all those boxes, for, make sure we tick all those boxes, for, make sure we tick all those boxes, we make sure we do everything properly. we make sure we do everything properly. we make sure we do everything properly. But, once that investment is in play, we But, once that investment is in play, we But, once that investment is in play, we need to educate you, make sure that you need to educate you, make sure that you need to educate you, make sure that you understand where the money's going. Once understand where the money's going. Once understand where the money's going. Once you understand that, yes, it's fairly you understand that, yes, it's fairly you understand that, yes, it's fairly simple. You transfer the money across, simple. You transfer the money across, simple. You transfer the money across, it has to come from your personal it has to come from your personal it has to come from your personal account and we open up a bank account in account and we open up a bank account in account and we open up a bank account in Portugal.

Portugal. Portugal. >> Mhm. >> Mhm. >> Mhm. >> So, therefore it goes from you to you >> So, therefore it goes from you to you >> So, therefore it goes from you to you and then into the investment. There's a and then into the investment. There's a and then into the investment. There's a number of checks that need to go along. number of checks that need to go along. number of checks that need to go along. For instance, when we're opening up the For instance, when we're opening up the For instance, when we're opening up the bank, the bank wants to know a number of bank, the bank wants to know a number of bank, the bank wants to know a number of different things and we make sure that different things and we make sure that different things and we make sure that that is all done. The fund itself has to that is all done. The fund itself has to that is all done. The fund itself has to do their own KYC. They have to make sure do their own KYC. They have to make sure do their own KYC. They have to make sure that they are they're doing their own that they are they're doing their own that they are they're doing their own homework on you. So again, we will work homework on you. So again, we will work homework on you. So again, we will work with them to make sure that you and them with them to make sure that you and them with them to make sure that you and them are happy, and that's how the investment are happy, and that's how the investment are happy, and that's how the investment will be transferred. will be transferred. will be transferred. >> Okay. So let's say the main applicant in >> Okay. So let's say the main applicant in >> Okay. So let's say the main applicant in the US has kids and parents, but they the US has kids and parents, but they the US has kids and parents, but they don't have the money necessarily like don't have the money necessarily like don't have the money necessarily like all the money sitting in their account, all the money sitting in their account, all the money sitting in their account, but the parents say, "Well, we can we but the parents say, "Well, we can we but the parents say, "Well, we can we have money or we've got an investment or have money or we've got an investment or have money or we've got an investment or a loan or something that we can put into a loan or something that we can put into a loan or something that we can put into your account." your account." your account." >> Yeah. >> Yeah. >> Yeah. >> And then it comes from the main >> And then it comes from the main >> And then it comes from the main applicant over to the Portugal. Can they applicant over to the Portugal. Can they applicant over to the Portugal. Can they do that or will they flag something like do that or will they flag something like do that or will they flag something like that? Like, "Whoa, how did you get that? Like, "Whoa, how did you get that? Like, "Whoa, how did you get 100,000 that [clears throat] just came 100,000 that [clears throat] just came 100,000 that [clears throat] just came into your US account?" into your US account?" into your US account?" >> That's part of the source of funds >> That's part of the source of funds >> That's part of the source of funds check. What generally happens is you're check. What generally happens is you're check. What generally happens is you're able to get a loan from outside of able to get a loan from outside of able to get a loan from outside of Portugal. As long as the funds are never Portugal. As long as the funds are never Portugal. As long as the funds are never coming from inside Portugal, you're able coming from inside Portugal, you're able coming from inside Portugal, you're able to provide that. So as long as the funds to provide that. So as long as the funds to provide that. So as long as the funds are coming from the main applicant are coming from the main applicant are coming from the main applicant themselves, how it got there themselves, how it got there themselves, how it got there as long as there's a pathway as long as there's a pathway as long as there's a pathway >> Okay.

>> Okay. >> Okay. >> 500,000 doesn't appear in cash on your >> 500,000 doesn't appear in cash on your >> 500,000 doesn't appear in cash on your doorstep one day. doorstep one day. doorstep one day. >> Okay. >> Okay. >> Okay. >> So as long as they can follow the money >> So as long as they can follow the money >> So as long as they can follow the money and see where it came from. So if it is and see where it came from. So if it is and see where it came from. So if it is coming from a parent, for instance, coming from a parent, for instance, coming from a parent, for instance, there is a donation element there. there is a donation element there. there is a donation element there. >> Mhm. >> Mhm. >> Mhm. >> Yes, in certain countries there's taxes >> Yes, in certain countries there's taxes >> Yes, in certain countries there's taxes and things like that that need to be and things like that that need to be and things like that that need to be achieved, but that will be outside of achieved, but that will be outside of achieved, but that will be outside of Portugal. Portugal's not really worried Portugal. Portugal's not really worried Portugal. Portugal's not really worried about that because they assume that about that because they assume that about that because they assume that you're going to do everything correct. you're going to do everything correct. you're going to do everything correct. >> Okay. >> Okay. >> Okay. >> But as long as Portugal can see that the >> But as long as Portugal can see that the >> But as long as Portugal can see that the trail of money, exactly where it came trail of money, exactly where it came trail of money, exactly where it came from and how it arrived, they're happy. from and how it arrived, they're happy. from and how it arrived, they're happy. >> Okay, so you said you could actually get >> Okay, so you said you could actually get >> Okay, so you said you could actually get a loan as long as it comes outside of a loan as long as it comes outside of a loan as long as it comes outside of Portugal. So you can't get a loan in Portugal. So you can't get a loan in Portugal. So you can't get a loan in Portugal, but if you're in the US and Portugal, but if you're in the US and Portugal, but if you're in the US and someone or an entity or whatever could someone or an entity or whatever could someone or an entity or whatever could give you a loan, so you don't give you a loan, so you don't give you a loan, so you don't necessarily have to have the cash necessarily have to have the cash necessarily have to have the cash sitting there. You just have to make sitting there. You just have to make sitting there. You just have to make sure that you can show where it came sure that you can show where it came sure that you can show where it came from. from. from. >> Correct. Yeah, so I mean there's a paper >> Correct. Yeah, so I mean there's a paper >> Correct. Yeah, so I mean there's a paper trail there straight away. The loan trail there straight away. The loan trail there straight away. The loan comes from the bank. The bank issues you comes from the bank. The bank issues you comes from the bank. The bank issues you a document that says that you have a a document that says that you have a a document that says that you have a loan. loan. loan. Some places are nasty and give you an Some places are nasty and give you an Some places are nasty and give you an unsecured loan. Other places will want unsecured loan. Other places will want unsecured loan. Other places will want security. security. security. >> Okay. >> Okay. >> Okay. >> But that structure is already done >> But that structure is already done >> But that structure is already done outside Portugal and in Portugal have outside Portugal and in Portugal have outside Portugal and in Portugal have you with the money and that's all you with the money and that's all you with the money and that's all they're they're concerned about as long they're they're concerned about as long they're they're concerned about as long as the money is coming from the as the money is coming from the as the money is coming from the legitimate sources.

legitimate sources. legitimate sources. >> Okay. Wow, great. Okay, so then you're >> Okay. Wow, great. Okay, so then you're >> Okay. Wow, great. Okay, so then you're saying about 12 months or so like from saying about 12 months or so like from saying about 12 months or so like from starting with you with these starting with you with these starting with you with these conversations that you jump on the calls conversations that you jump on the calls conversations that you jump on the calls and you go through the paperwork. 12 and you go through the paperwork. 12 and you go through the paperwork. 12 months, but it's probably a little less months, but it's probably a little less months, but it's probably a little less now that Portugal's caught up with now that Portugal's caught up with now that Portugal's caught up with biometrics. biometrics. biometrics. >> It will be, but like I joke with my >> It will be, but like I joke with my >> It will be, but like I joke with my clients, if I can do it in 12 months, clients, if I can do it in 12 months, clients, if I can do it in 12 months, you think I'm doing my job? If I can do you think I'm doing my job? If I can do you think I'm doing my job? If I can do it sooner that you think I'm amazing. it sooner that you think I'm amazing. it sooner that you think I'm amazing. >> Yeah, of course. Okay. >> Yeah, of course. Okay. >> Yeah, of course. Okay. >> But we do manage expectations. >> But we do manage expectations. >> But we do manage expectations. >> I think one of the big questions as well >> I think one of the big questions as well >> I think one of the big questions as well is with all of the changes now moving is with all of the changes now moving is with all of the changes now moving from 5 years to 10 years for from 5 years to 10 years for from 5 years to 10 years for citizenship. What about those who citizenship. What about those who citizenship. What about those who already in the process that are have already in the process that are have already in the process that are have been done did the gold golden visa 2 3 4 been done did the gold golden visa 2 3 4 been done did the gold golden visa 2 3 4 years ago? Are they going to get years ago? Are they going to get years ago? Are they going to get citizenship at 5 years? Are they going citizenship at 5 years? Are they going citizenship at 5 years? Are they going to have to wait for 10 years? to have to wait for 10 years? to have to wait for 10 years? >> It's a tricky answer purely on the basis >> It's a tricky answer purely on the basis >> It's a tricky answer purely on the basis that we have existing clients that are that we have existing clients that are that we have existing clients that are all waiting. The law has been changed. all waiting. The law has been changed. all waiting. The law has been changed. When the president did sign When the president did sign When the president did sign uh the law into place, he did stipulate uh the law into place, he did stipulate uh the law into place, he did stipulate a couple of facts and one of those was a couple of facts and one of those was a couple of facts and one of those was the fact that we it would be unfair to the fact that we it would be unfair to the fact that we it would be unfair to put the the clients that are waiting put the the clients that are waiting put the the clients that are waiting under the same tenure rule.

under the same tenure rule. under the same tenure rule. >> Okay. >> Okay. >> Okay. >> So there's a number of different talks >> So there's a number of different talks >> So there's a number of different talks happening behind closed doors and the happening behind closed doors and the happening behind closed doors and the expectation is we don't believe from a expectation is we don't believe from a expectation is we don't believe from a an environment where the government's an environment where the government's an environment where the government's already looked bad, we don't believe already looked bad, we don't believe already looked bad, we don't believe that they want to do that. that they want to do that. that they want to do that. >> Everyone has in their mind that they >> Everyone has in their mind that they >> Everyone has in their mind that they have to have this 500,000, but you have to have this 500,000, but you have to have this 500,000, but you mentioned earlier before you got the 399 mentioned earlier before you got the 399 mentioned earlier before you got the 399 and then you give the return up front. and then you give the return up front. and then you give the return up front. So can you run through a few options I So can you run through a few options I So can you run through a few options I guess people have? guess people have? guess people have? >> When you're looking at the golden visa, >> When you're looking at the golden visa, >> When you're looking at the golden visa, it's not the beginning and end all. it's not the beginning and end all. it's not the beginning and end all. There are other options and it comes There are other options and it comes There are other options and it comes down to you as an individual. How do you down to you as an individual. How do you down to you as an individual. How do you qualify? For instance, we have something qualify? For instance, we have something qualify? For instance, we have something called the HQA, which is a highly called the HQA, which is a highly called the HQA, which is a highly qualified applicant and within there we qualified applicant and within there we qualified applicant and within there we can start from 170, 170,000 for a family can start from 170, 170,000 for a family can start from 170, 170,000 for a family of four. of four. of four. >> Wow. >> Wow. >> Wow. >> That allows us to be able to structure >> That allows us to be able to structure >> That allows us to be able to structure the product. We work with the the product. We work with the the product. We work with the universities. We have a number of universities. We have a number of universities. We have a number of universities all throughout Portugal our universities all throughout Portugal our universities all throughout Portugal our partners are affiliated with we work partners are affiliated with we work partners are affiliated with we work with you and them to figure out what the with you and them to figure out what the with you and them to figure out what the best option is. The requirement is that best option is. The requirement is that best option is. The requirement is that you're investing into R&D research and you're investing into R&D research and you're investing into R&D research and development. That research and development. That research and development. That research and development helps the universities that development helps the universities that development helps the universities that helps Portugal the government helps Portugal the government helps Portugal the government understands the benefit of that pathway.

understands the benefit of that pathway. understands the benefit of that pathway. What it does is you're providing 170,000 What it does is you're providing 170,000 What it does is you're providing 170,000 into that investment structure bearing into that investment structure bearing into that investment structure bearing in mind R&D isn't always a guaranteed in mind R&D isn't always a guaranteed in mind R&D isn't always a guaranteed thing. It's research. thing. It's research. thing. It's research. >> Mhm. >> Mhm. >> Mhm. >> So I always like to tell my clients that >> So I always like to tell my clients that >> So I always like to tell my clients that 170,000 look at it as a cost but again 170,000 look at it as a cost but again 170,000 look at it as a cost but again it's it's a lot lower than the 500,000. it's it's a lot lower than the 500,000. it's it's a lot lower than the 500,000. >> Sure. >> Sure. >> Sure. >> So it's it's more achievable but more >> So it's it's more achievable but more >> So it's it's more achievable but more focus is put on the individual focus is put on the individual focus is put on the individual themselves. So what are their highest themselves. So what are their highest themselves. So what are their highest qualifications? What experience do they qualifications? What experience do they qualifications? What experience do they have? We go as far as uh asking for a have? We go as far as uh asking for a have? We go as far as uh asking for a CV. Now to ask a gentleman who's 55 CV. Now to ask a gentleman who's 55 CV. Now to ask a gentleman who's 55 working in the same job for a CV it's a working in the same job for a CV it's a working in the same job for a CV it's a little bit extra homework but it does little bit extra homework but it does little bit extra homework but it does help us. That allows us to figure out help us. That allows us to figure out help us. That allows us to figure out what pathway would be best for you and what pathway would be best for you and what pathway would be best for you and you can do a number of things. You can you can do a number of things. You can you can do a number of things. You can be as active and involved in that be as active and involved in that be as active and involved in that research as as you'd like. Which then research as as you'd like. Which then research as as you'd like. Which then helps clients to to settle a little bit helps clients to to settle a little bit helps clients to to settle a little bit more in in um in Portugal. more in in um in Portugal. more in in um in Portugal. >> Mhm. >> Mhm. >> Mhm. >> But the benefit of that is we're able to >> But the benefit of that is we're able to >> But the benefit of that is we're able to get that 12 months that we were talking get that 12 months that we were talking get that 12 months that we were talking about earlier we can reduce that down to about earlier we can reduce that down to about earlier we can reduce that down to about four to six. about four to six. about four to six. >> Okay. >> Okay. >> Okay. >> A much faster pathway. Our partners have >> A much faster pathway. Our partners have >> A much faster pathway. Our partners have great experience being able to do this great experience being able to do this great experience being able to do this and our clients can therefore get their and our clients can therefore get their and our clients can therefore get their their residency a lot quicker.

their residency a lot quicker. their residency a lot quicker. >> Okay. So someone doesn't have to fixate >> Okay. So someone doesn't have to fixate >> Okay. So someone doesn't have to fixate on the 500,000 cuz there are like like on the 500,000 cuz there are like like on the 500,000 cuz there are like like lower options. lower options. lower options. >> There are lower options but that's one >> There are lower options but that's one >> There are lower options but that's one of the benefits of talking to someone of the benefits of talking to someone of the benefits of talking to someone like me. We work with you figure out like me. We work with you figure out like me. We work with you figure out what the best pathway what is the best what the best pathway what is the best what the best pathway what is the best option. option. option. So it's not for a specific group of So it's not for a specific group of So it's not for a specific group of people that we we can do this for. There people that we we can do this for. There people that we we can do this for. There are other options out there. We can work are other options out there. We can work are other options out there. We can work through it with our clients. through it with our clients. through it with our clients. >> For a more comprehensive breakdown of >> For a more comprehensive breakdown of >> For a more comprehensive breakdown of these different options check out this these different options check out this these different options check out this video right here and if you would like video right here and if you would like video right here and if you would like to talk to someone about the Golden Visa to talk to someone about the Golden Visa to talk to someone about the Golden Visa then email me at then email me at then email me at [email protected] and I'll put [email protected] and I'll put [email protected] and I'll put you in touch. Now, let's get moving.