The perspective of expropriation of land without compensation, widely known as “land grabs” stimulates South Africans to search for new secure home, where they can construct their future, and future of their families. (Image above: Lisbon, Portugal).
This newly created South African interest meets the offer of residence-by-investment programmes promoted by Greece and Portugal, opening a potential path to full citizenship for the investors, which also means an opportunity to work and live in the European Union.
Portugal remains the top destination of choice, with the Henley & Partners South Africa office registering a 78% increase in investment in the Portugal Golden Residence Permit Program since July 2018.
The firm said it has also seen a ‘never-before-seen uptake’ in the Greece Golden Visa Program.
Recently Global citizenship company Henley & Partners has seen a significant increase in the number of South Africans inquiring about golden residence and visa programmes.
“Henley & Partners South Africa is seeing a significant increase in interest in these two residence programs, which should be understood in the context of both their relative affordability for South Africans and broader international geopolitical unrest,” said Amanda Smit, managing partner of Henley & Partners South Africa.
In addition to the EU members Portugal and Greece, Henley & Partners has previously said that it has seen interest in Malta, which is especially attractive for its official English language.
“On the other hand, residence- and citizenship-by-investment programs permit access to a significantly expanded suite of opportunities for travel, investment, and influence,” Smit said. “The latest data show that the attractive contribution amounts of the Portugal and Greece residence-by-investment programs (requiring a minimum property investment of EUR 350,000 and EUR 250,000, respectively), combined with the tumultuous state of global and domestic politics, are causing many wealthy South Africans to understand this value proposition intimately.”