Not too long ago, Bruno de Carvalho used to pay €8 ($8.60) for a meal at a Portuguese restaurant across the street from his office in central Lisbon. Now a South American tapas and ceviche joint has taken its place, where a degustation menu costs almost 10-times as much.
See Also
Golden Visa Programs: What They Are and How They WorkEntry requirements - Portugal travel adviceIs the Portugal Golden Visa Ending? Not ExactlyPortugal Golden Visa in 2024 - EU Residency by InvestmentIt’s one of the signs of rising wealth and changes sweeping Portugal’s booming capital, according to the 62-year-old local country head for Swiss private bank Edmond de Rothschild, as a wave of affluent foreigners flock to the Iberian nation, lured by its sun-soaked beaches, tax breaks and a golden visa program. Though some of those incentives are being rolled back, they remain available to rich applicants and continue to draw well-healed expatriates.
