Thursday, November 14, 2024

Golden Visa Portugal brings €3 billion in Real Estate

According to the latest Oct 2017 statistics released by SEF Portugal, the total Golden visa investment has reached €3.32 billion and out of that real estate investment alone is €3 billion euros by purchasing a property in Portugal.

 

Portuguese, EU/EEA nationals are not eligible for the ARI / Golden Visa scheme. Golden visa applicants can apply for Portuguese citizenship, by naturalization, provided all other requirements set out by the Nationality Act are fulfilled under Act number 37/81 of 3 October.

 

Chinese and Brazilian investors are the leading investors, followed by South Africans in the Portugese Golden visas, according to the data as of 31 Oct 2017.

 

China – 3544
Brazil  – 451
South Africa – 214
Russia – 187
Lebanon – 104

The data shows only 8 investors received golden visas created 10 job positions each and 299 investors by transferring capital. These numbers show property investment is the most popular route

  • 5105  ARI by acquiring real estate (5042 by article 65-A (1) (c) and 63 by article 65-A (1) (d)) Order 15-A/2015 of September
  • 299 ARI by transferring capital
  • 8 ARI by creating, at least,10 job positions

Total 5412 Residence permits for pursuing investment activities (ARI) from 2012

2012 – 2
2013 – 494
2014 -1526
2015 – 766
2016 – 1414
2017 – 1210

Total 9023 Residence permits to family members (family reunification)

2013 – 576
2014 – 2395
2015 – 1322
2016 – 2344
2017 – 2386
Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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