In recent years, Portugal has become the number one destination for US citizens seeking residency in Europe, and the Portugal Golden Visa plays a central role in this movement.
In fact, US investors now represent nearly 20% of all Portugal Golden Visa applications, surpassing Chinese applicants for the first time since the program began in 2012.
What’s Driving the US Citizens Demand?
According to a 2024 survey by Expatsi, in which over 116,000 U.S. citizens participated, Portugal was the most frequently chosen country for relocation. Here’s why:
U.S. Political Polarization and Uncertainty in the U.S.
Many Americans cited a divided political landscape and the desire for more freedom, stability, and personal security as key motivators to seek life abroad.
Cost of Living and Retirement Planning
Roughly 41% of respondents said they hoped to save money by relocating — especially when planning for retirement. Portugal offers a lower cost of living than most US cities, along with high-quality public healthcare.
Safety Concerns
Portugal is consistently ranked among the safest countries in the world, with low violent crime rates and strict gun regulations. In contrast, many Americans seek to escape the daily fear of gun violence.
Global Mobility and EU Citizenship
The Portugal Golden Visa offers a clear, legal pathway to European Union citizenship after just five years. This appeals to US citizens looking to diversify their global mobility options, especially post-pandemic.
Portugal: A Cultural Fit for Many Americans
- Widespread English proficiency, especially in major cities and among young professionals
- Established expat communities in Lisbon, Cascais, the Algarve, and Porto
- Favorable time zone for remote work (5 hours ahead of EST)
- Access to international schools, familiar brands, and a Western lifestyle
- Similar cultural values: freedom, privacy, entrepreneurship, family
Citizenship Planning Post-Elections
With growing concerns about U.S. politics and the 2024 presidential cycle, more Americans are seeking a Plan B for themselves and their families. Many intend to:
- Apply for the Portugal Golden Visa now,
- Maintain minimal stay requirements,
- And gain citizenship by 2029–2030, regardless of what happens in the U.S.
This strategy ensures that families have an EU passport option secured, even if they never fully relocate.
Why the Portugal Golden Visa is Ideal for US Citizens
- No requirement to relocate
- Low physical presence required (14 days every 2 years)
- Favorable tax treatment for non-residents
- Investment options that align with U.S. structures (some funds accept IRA accounts)
- EU citizenship in just 5 years
