Key Takeaways
A minimum investment amount of €250,000 has been announced by Portugal in its new “Solidarity Golden Visa” programme.
The programme seeks to draw in private capital to support social investments of vulnerable immigrants.
This initiative will be different as it changes focus from traditional investment options, such as real estate to socially oriented projects. Portugal.
Human Touch investments The “Solidarity Golden Visa” programme aims to bring in investments of at least €250,000 with Portugal set to launch an innovative programme known as that. Instead of traditional schemes, this commitment is addressed to social projects related to the integration of vulnerable immigrants.
Its mission is to put private capital to work in infrastructure and equipment that enable immigrant integration.
The new visa will be a tool to attract investment to projects that help immigrants with difficult situations as Luís Montenegro, government representative said. Following this, Porto is signalling the country’s move away from standard fixed investments, such as real estate, towards socially oriented projects.
This initiative beside demonstrating the country’s determination to the humanitarian values and social responsibility shows where the country stands in the face of global migration challenges.
But success with the programme will depend on how it is implemented and how willing investors are to finance social projects. If carried out successfully, it could set a precedent for other nation states, who are seeking to make good on economic imperatives while remaining socially responsible.
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