Americans pouring into Portugal

Portugal has emerged as a highly appealing destination for US citizens wishing to relocate abroad. 

 

More and more North Americans have been coming here over the past three years, some to take advantage of the Golden Visa program, others to study, work or live in retirement.

 

The Americans are generally made welcome by local communities and this adds greatly to the fact that Portugal is physically and economically one of the most popular countries for immigrants in the whole of Europe.

 

“The country’s breath-taking landscapes, rich history, affordable living costs and high quality of life make it an attractive option for those seeking a change of scenery,” says Marla Barret, a specialist US adviser on Golden Visas.

 

“According to SchengenVisaInfo.com, US investors who planned to make investments in Portugal before November last year faced high costs. However, considering the strength of the US currency they can now purchase prime real estate in Portugal and get a Golden Visa.”

 

Marla Barret (pictured below) continued: “Additionally, recent statistics from the Portuguese Immigration and Border Service (SEF) indicate that among a total of 649 successful applications for Golden Visas filed in the first half of this year, 124 (19%) were from US nationals, while only 105 were from Chinese citizens. This data demonstrates the significant interest US citizens have in Portugal’s Golden Visa program.”

 

The program only appeals to the very wealthy, those willing to invest a minimum of €500,000 in real estate. Among other things, the granting of a visa allows holders to travel for business or leisure activities throughout the European Union’s 26-nation Schengen area. Benefits are extended to financially dependent family members. Residency can lead to EU citizenship.

 

Golden Visa applications were frozen from February this year, but there has been no official announcement regarding the deadline to end applications. The Portuguese Prime Minister stated that new measures to the Golden Visa program would be terminated sometime in 2023, but according to SchengenVisaInfo.com, ”golden visas for entrepreneurs will remain available for those interested, which enables foreign entrepreneurs who want to develop a project in this field in Portugal to do so. These new visa applications are assessed by considering the economic, social, scientific, technological or cultural relevance of the investment”.

 

The Portuguese government’s February statement said it would be ending the Golden Visa scheme, but the legislative process has not quite finished. The scheme could, however, be wrapped up at the end of this month.

 

There have been criticisms of the scheme, including allegations that it has brought dirty money into the country. It is also thought to have inflated property and rent prices during a national housing crisis, which is why the government decided to end the scheme.

 

Meanwhile, Portugal is a much sought-after place to study, work or retire. This is because of its relatively stable and growing economy in addition to its well-developed, if currently far from perfect, education, healthcare and transport systems. This has allured many US expats, especially from California. Portugal and California have similar Mediterranean-type climates, though Portugal usually has even more sunshine and the winters here are milder.

 

For the first time ever, the number of foreigners living in Portugal has reached almost 700,000. That’s almost 7% of the total population. The latest study on the subject reported that this was positive as it provides an increase in the workforce without which many business sectors would collapse. And the country is far from over-populated; it is only eighteenth among the EU’s 27 states with foreign ex-pats.

 

The cost of properties in Portugal can vary significantly depending on the location one chooses. A decision on where to buy will largely depend on the specific purpose of the acquisition. For instance, retirees often gravitate towards the coastal towns in the Algarve or Cascais due to their desired lifestyle, whereas young professionals tend to favour more urban areas like Lisbon or Porto.

 

The price range for properties is diverse, offering options for different budgets and preferences. In general, coastal regions and popular tourist destinations tend to have higher property prices, particularly in much sought-after areas with beautiful beaches or stunning views. On the other hand, inland regions and less-populated areas can offer more affordable options.

 

Portugal is always open to those interested in relocating here, but one has to fulfil certain requirements to get a visa. The official Portugal Visa Application form is downloadable from the visa portal. The requirements for a normal visa are much the same as for a Golden Visa. What is needed is a valid passport, two passport-size photographs https://mybiometricphotos.com/visa-photo/portugal/ , proof of having obtained health insurance valid in Portugal https://visaguide.world/international-health-insurance/ and proof of having no previous criminal records and a certificate from any country where you have lived longer than one year. The certificate has to be issued by the relevant authorities within the previous three months and translated into Portuguese.

 

Applicants will also need a sworn statement that they will maintain their investment for a minimum period of five years, a payment receipt from the ARI portal, any documents related to their investment.

 

 

WEDNESDAY BRIEFING

 

Mid-week headline news 

                                 - June 7

 

Portugal Day in SA

It will be officially celebrated at home this coming Saturday, June 10, but Portugal Day commemorations are already underway in South Africa. They are being attended by Portugal’s president, prime minister, several MPs and other senior officials. The number of Portuguese citizens or descendants living in South Africa is estimated to be anywhere from 200,000 to 450,000.    

New residence permits

 Over 113,000 Portuguese-speaking immigrants have been granted residence permits in this country since the launch on March 13 of a special platform that aims to ease the procedure to acquire residency. Most of the beneficiaries are from Brazil (86.8%), according to the European Commission. The rest are mostly from Angola and San Tome.

Ukrainians leaving 

The number of Ukrainian refugees in Portugal who fled the war has continued to decline. It was announced on Monday that 4,000 have left in the last two months. The number still here, having been granted residence permits, is 56,528.

Yet more strike action

Disruptions in all Portuguese train services are expected to last until July 6. More airport disruptions could take place if SEF border staff continue strike actions on June 10-12, 17-19 and 24-26.

TAP airline privatisation 

The Portuguese state intends to keep a stake in TAP and will not offer all of its capital in the upcoming privatisation of the airline, says the minister of finance. The government is seeking an independent evaluation of TAP before its privatisation, which could be launched next month.

More hotel rooms

Another 130 hotels are expected to open in Portugal this year. This will add well over 15,000 rooms, according to the consultancy firm Lodging Econometrics. Only three other countries in Europe – the UK, Germany, and France – have more hotel rooms. Meanwhile, the housing crisis for Portuguese residents continues.

Solar vs biodiversity

A Spanish company is hoping to build a 145 hectare solar plant in the Eastern Algarve that protesters, who are seeking more supporters, say is a unique area of biodiversity, home to more than 300 species of flora and fauna and the direct infiltration for the Moncaarapacho/Peral aquifer.

Algarve water limits

All 16 local authorities in the Algarve are to ensure that urban water consumption does not exceed 2019 levels. If necessary, they are willing to go further, according to the president of the Algarve’s inter-municipal community.

Family doctors lacking

More than 1.7 million people in Portugal are now without a family doctor. The number rose by 4.7% between April and May this year. This is indicated on the transparency portal of the Portuguese national health service (SNS).

Killer whales need to calm down

 

Humans have long been endangering killer whales, some of which have become a growing threat to sailboats, particularly off the coasts of Portugal and Spain.

There have already been at least 60 reported attacks in Iberian waters this year, according to a regional research group specialising in killer whales.

Reports of violent incidents began in 2020 leading Portugal's National Marine Agency to issue a statement warning sailors of the "curious behaviour" of some killer whales in that they were attracted to rudders and propellers. It advised crew members to switch-off engines if whales approached. This didn’t work.

A year later, Spanish authorities banned small boats from sailing near the coast of Cape Trafalgar following 50 encounters with killer whales, including 25 in which boats had to be towed to shore. That year, 2021, there were a total of 197 violent interactions. Last year there were 207.

The GT Orca Atlantica working group says that killer whales - also known as orcas - started deliberately attacking boats for a reason that is not altogether clear. Some scientists believe younger orcas began imitating the behaviour of an older, hostile female, which may have been traumatised following a collision with a boat or being trapped in fishing nets.

That traumatised orca may have been the one that started this behaviour of physical contact with the boats, Alfredo Lopez Fernandez has suggested. He is a biologist at the University of Aveiro in Portugal who has co-authored a study on orcas’ behaviour. He told Live Science he thought the behaviour was "defensive based on trauma" and was being imitated by other whales.

A skipper told the German magazine Yacht that two smaller whales appeared to copy the technique of a larger one when slamming into his vessel.

Six killer whales rammed a sailboat off the Straits of Gibraltar last month, breaking the rudder and piercing the hull. Coastguards rescued the people on board, but the boat sank. Rescue authorities have had to provide rapid-response crews and helicopters for such events.

Many damaged vessels can be saved and brought to shore, but some cannot be bailed out and unavoidably sink as another did off the coast of Portugal last November when its hull was cracked open by orcas. It is likely to go on and on without any truce or peace plan in sight.

Killer whales are beautiful mammals, the largest of the oceanic dolphin family. They have large mouths and many sharp, interlocking teeth designed not for chewing but ripping and tearing their fish diet. Orcas occur in oceans across the world growing to as much as nine metres (29.6 feet) in length and weighing up to 10,000 kilos (10 tonnes). Males can be up to twice as heavy as females.

 

Iberian orcas are smaller than those in the Pacific. They are an isolated sub-population, a pod of about 32 individuals. A study has found that inbreeding is hampering their population growth.

 

Those feeding on red tuna along the Iberian shores share the main characteristics of their cousins elsewhere. They are social animals living in close communities with their own culture and constantly communicating with one another in various vocal ways.

 

Humans have been harming if not killing orcas by polluting the seas with plastics, spilt oil and other contaminants. Fishing nets are another hazard. Boat engine noise is disruptive to their normal underwater hearing and communications.

 

Orcas attack boats that are often twice their size, but they do not show aggression to humans. While it is difficult to come up with a peace plan, the killing of killer whales is unthinkable as they have a reputation in mythology as being the “souls of humans' ', and, more importantly, they are protected under international, EU, Portuguese and Spanish law.  

 

WEDNESDAY BRIEFING

Behind this week’s headlines

Economic prospects

Portugal’s minister of finance said today that growth in the first quarter and the decline in inflation to 4% in May was “good news”. He added that it opened up good prospects for the rest of the year.

More US visitors

The travel industry in Portugal has rebounded well from the COVID pandemic  and more Americans than ever are visiting. The number of American tourists in 2022 increased by 27% and their spending increased by 51% compared to 2019. The US is now Portugal’s 4^th largest market, according to a report in TravelPulse, which is said to be the most visited travel trade website in the world.

Madeira tourism

April was a record month for tourism in Madeira in that a total of 923,000 overnight stay were recorded by the regional statistics office. This was 10.9% up on the same month last year. It is the first time more than 900,000 overnight stays have been exceeded.

New bank rules

A new law that came into force yesterday prevents banks for charging from changing account holders in the event of death. It also stops them charging for photocopying documents.

Youth Day security

It has been announced that more than 10,000 officers will be mobilised to ensure good policing and safety during the World Youth Day celebrations, which will take place in Lisbon on the first week of August and be attended by Pope Francis as well as many thousands of young people from around the world.

International street art

It has been announced that the old marine equipment factory of the Portuguese Navy in Lisbon will be the venue for this year’s international street art exhibition. It starts June 21 with works by 18 Portuguese and foreign artists.

The impact of a Trump come-back

 

Most political leaders across Europe must be horrified at the notion that Donald Trump may be re-elected President of the United States.

The main concerns in Portugal are about Trump’s denial of global warming and his criticism of NATO countries. This could cause more climate, military and economic insecurity.

The election is still more than a year away, but European officials are already preparing for a Republican defeat of the democrat Joe Biden with whom Europeans have got on exceptionally well.

The United States has become a strongly divided nation, largely because of Trump. An increasing number of Americans are choosing to move to Portugal. Nearly 1.4 million people of Portuguese descent live in the US today, but the number has been decreasing. Meanwhile Trump continues to have many millions of far-right followers all across America.

There are concerns that the present close cooperation between the US and the EU on all major issues could abruptly end with a government led by Trump or even his current far-right rival Ron DeSantis.

A recent fact check by the broadcaster CNN reported that “Trump has been using wildly inaccurate figures to minimise the threat of climate change.” For example, he has repeatedly defended his opinion by using “imaginary statistics” on the non-extent to which sea levels are expected to rise. Yet accurate figures on rising sea levels are precisely one of Portugal’s biggest climate change worries. Tourist resorts as well as towns and cities are expected to be flooded if not submerged if the levels continue to rise as feared. Trump told Fox News last month that talk of sea level rises was all “nonsense”. As for the severe or extreme droughts and wildfires predicted as we head towards summer, Trump apparently could not care less.

While Portugal is well known to be one of the most vulnerable countries in Europe to climate change, the United States is the world’s second largest greenhouse gas polluter and, like China, India and Russia, it is still not doing enough to bring down CO2 levels. It is likely to do even less under a Trump administration.

On the war in Ukraine, Trump said last week that ending it would be a priority for him. On the surface that sounded good. In typical Trump rhetoric he went on to say he could end it in 24 hours, but didn’t say how. The trouble with this sort claptrap, on top of Trump’s past harsh criticism of NATO, is that it could weaken the bipartisan support for the alliance across the America Congress and amongst the American people. Having escalated into a full-scale war, the situation in Ukraine is now threatening to expand and bring Europe back to an even more precarious situation than when Trump was last in power up to a year and a month before President Putin’s “special military operation”.

Trump and Putin share a common characteristic: they disregard the truth.  Putin shows no sign of ending the war, but it is clear he would greatly welcome a return of Trump to the White House. The Kremlin leader must be well aware that European countries have scaled back their military capabilities since the Cold War. Europe could not replace the US dominance in providing weaponry and ammunition for Ukraine, meaning Russia could soon be victorious and Ukraine could cease to exist as an independent sovereign state.

Portugal has provided military equipment to Ukraine, though on a far smaller scale than other European countries, especially the UK and Germany. All European countries, including Portugal, but more especially the UK and Germany, are now going though an economic crisis. As of last week, Germany is in recession.

The war in Ukraine and the energy crisis have disrupted the EU economy. In Portugal, an improved outlook amid persistent challenges is forecast.  Meanwhile, the further tightening of Western sanctions against Russia announced at the G7 summit in Japan last week indicate that the sanctions have so far failed in the face of strong Kremlin resistance.

So much is hanging in the balance with Trump’s re-election hopes. What are his chances of winning? Opinion polls place him well ahead of his only republican opponent, Ron Desantis. Polls also suggest that public support for Biden’s staunch backing of Ukraine’s war efforts are falling, but that the odds are in favour of him winning a second term. That could well change in the months ahead.

 

WEDNESDAY BRIEFING

 Behind this week's headlines

Madeleine search

The search at the Arade reservoir near Silves for remains of Madeleine McCann began yesterday and is continuing today. The search is expected continue tomorrow. German police with the full cooperation of Portuguese police, and British police in attendance, are hoping to find conclusive evidence that the German sex offender Christian Bruckner killed Madeleine in 2007. Bruckner, who frequented the area being searched, denies any involvement in Madeleine’S disappearance.   

Economic deficit to surplus

The Bank of Portugal announced on Monday that the Portuguese economy showed an external surplus of €996 million in the first quarter of this year compared with a €1.54 billion deficit in the same period last year. Inflation is expected to remain below 3% at least for several months in the second half of this year.

Unemployment down

The government announced on Monday that the number of unemployed people registered at job centres fell in April by 3.5% compared with the previous month, and by 6% year-on-year.

Football investigations

The Attorney General’s office has revealed that six investigations are underway and that the Public Prosecuter’s Office is looking into  Portugal’s three top clubs – Benfica, Sporting and FC Porto – regarding deals worth more than €228 million.

Pope to visit Fatima

It is now clear that while on his 5-day visit to Portugal to celebrate World Youth Day in Lisbon, Pope Francis will go to the Sanctuary of Fatima. He will arrive in Lisbon on August 2, visit Fatima on August 5 and return to Rome on August 6, the World Youth Day Foundation has announced.

Atlantic countries meet

The Portuguese government yesterday in Porto hosted a meeting of representatives from European Atlantic countries to “strengthen the Western vision of the European Union and the future of Europe,” in the words of the Portuguese secretary of state for European affairs.  He stressed the importance of the ocean in the ecological and digital transition.

Bildebergeg report

A report is probably now in circulation among the political, business, financial and academic elite who attended the private Bindeberg meeting in the Pestana Palace Hotel last week. The report will not be seen by anyone other than those who attended this or previous Bildeberg meetings.

Naval ungrading announced

The chief of staff of the Portuguese navy says there has been an operational, structural and generic renewal that has brought about significant change to the navy. This has been furthered by the defence minister launching a tender for the acquisition of six new patrol vessels.

Alagoas Brancas protest

Members of the Save Lagoas Brancas movement held a demonstration at the offices of the Algarve Commission for Coordination and Regional Development (CCRD) in Faro on Monday.  They intend to continue their relentless opposition to a plan by the Lagoa City Council to allow the destruction of the Alagoas Brancas wetland to be replaced by new commercial buildings. The movement is appealing for more supporters.

Elite Bildeberg meeting in Lisbon

Top leaders in talks - all very private

The chief organisers of the latest Bildeberg meeting will be circulating a report on it. Frustratingly, no one other than those affiliated with the group will see the report or gain any knowledge of its content.

 More than 120 highly influential leaders attended the exclusive meeting in Lisbon, prompting the usual howls from conspiracy theorists amid silence from the participants.

Among the guests who gathered on Thursday for the start of the three-day meeting were top officials from companies such as OpenAI, Google and Microsoft. The political titans included former US Secretary of State Henry Kissinger, NATO Secretary-General Jens Stoltenberg and Ukrainian Foreign Minister Dymtro Kuleba. Portugal’s president and prime minister were there to greet them in the Pestana Palace Hotel.

The Bildebergers are named after the Dutch hotel where their first private meeting was initiated by Prince Bernhard of the Netherlands in 1954. They have been holding very private meetings annually in different countries ever since.

According to their severest critics on both the political left and right, the Bilderbergers are planning a new world order, a global take-over by the super-elite.

Where does the truth lie?  The Bilderberger organisation says it was originally set up to prevent a third world war. Its focus has moved on to bolster free market Western capitalism. A third of attendees at their meetings are politicians and the rest experts from business, finance and  academia. Two-thirds are from Europe, one third from North America. They provide “a forum for informal discussions to foster dialogue between Europe and North America.”

The official rules of the meetings state that participants are free to use any of the information they receive provided they do not divulge either the identity or affiliation of any of the individuals they received information from. Participants do not take part in any official capacity and are not bound by the conventions of their office. As individuals they are open to “take time to listen, reflect and gather insights.”

Furthermore, according to the Bildebergers, “ there is no detailed agenda, no resolutions are proposed, no votes are taken and no policy statements are issued.” A private report after each meeting is circulated only to former as well as the most recent participants. Even in this report, speakers are quoted only by the country they are from.

The broad subjects under discussion in Lisbon were believed to be similar to those at last year’s meeting in Washington DC. They included AI, NATO, Ukraine, China, India, energy transition and fiscal challenges.

Prince Bernhard (1911-2004) was an enigmatic character. A formidable armed forces commander during World War II, he helped create the World Wildlife Fund, but was deeply implicated in a bribery scandal involving the Lockheed Aircraft Corporation.

 The many other prominent people who have attended one or more Bilderberg meetings include royalty such as the Duke of Edinburgh, King Charles III (formerly Prince Charles), Juan Carlos I and Queen Sofia of Spain, the American banker David Rockefeller, British prime ministers Edward Heath, Tony Blair, Gordon Brown, Canadian Prime minister Pierre Elliott Trudeau.... the list goes on and on. Needless-to-say, each meeting demands a heavy security presence.

Most if not all attendees seem perfectly respectable, so what’s all the fuss about? Even the most moderate sceptics call the meetings “secretive”. Others regard them as “sinister”. Many critics worldwide believe the Bildebergers represent “a shadow world government” that is seeking total domination. But is it likely that after 69 years of private or even “secretive” meetings, leading university academics would remain silent if some dreadful overall plot was being formulated?

Could it be that by those spreading hysterical disinformation about these meetings are a far greater danger to normal, rational folk than the Bilderbergers themselves?