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Poznań, Poland - Morasko Kampus, room: 2.123
Mobility through investment activity: economics, leisure or lifestyle?
Investment as a way to get a residence permit is a strategy that in recent years has grown in Southern European countries as a way to reinvigorate national economy. In Portugal, in the first six years of the program, the foreign investment through the Golden Visa program has been almost exclusively concentrated on real estate investment. The policy grants a residence permit however, it does not require the investor to stay in Portugal, as it is mandatory for immigrants. The GV program coincides with a very favourable moment for tourism in Portugal: The country has been repeatedly awarded by World Travel Awards, especially Lisbon (2018) and Oporto (2017) cities. It is our conviction that there is a relationship between the growing numbers of investor visa grants and the attractiveness of Portugal as a touristic destination. This possible relationship raises questions such as: Are they immigrants, if they are excused from living and working in the country? Do they fit in the entrepreneurial migrant categories if their investment is on real estate? Are they more consumption lead migrants, tourists or are they people looking for experiencing a certain lifestyle? Our proposal is to construct an investor concept from inside looking for other dimensions rather than the exclusively economic one. The paper will address some of these questions using data from an exploratory ethnographic research with golden visa holders.