Thursday, November 14, 2024

Portugal collected €167m in golden visa fees

Portugal golden visa scheme being the most popular visa scheme in the world, has been the be biggest revenue earner in terms of fees.

 

In addition to €4.4 billion euros, the scheme  earned more than €167 million euros state fee with the issuance and renewal of residence permits, since the scheme launched in 2012, according to a report published by portuguese daily Dinheirovivo.pt.

 

Since 2012, more than 19,000 ARI residence permits SEF  issued with more than 17,000 extensions for investors and family members.

 

 

The costs for each visa issue are currently €5,324.6 euros, to which is added a fee for the analysis of the application in the amount of € 532.7 euros and renewals cost € 2,662.3, plus the same rate.

 

Over 90% of the investments in Portugal went into real estate activity for golden visa permits by foreigners.

 

Golden visa statistics
Golden visas issued from Oct 2012 to March 2019, according to SEF

 

Chinese are the biggest investors in Portuguese gold visa scheme, followed by Brazilians and Turks. Brazil has a special relationship with Portugal and both countries have visa waiver agreement.

 

Chinese in Portugal
Investor status as of March 2019 – Source: SEF

 

Golden visa fees

These are the fee charged by SEF for residence permits under ARI/investment activity:

Receipt and analysis of the application for the granting or renewal of a residence permit for investment activity, in accordance with Article 90a of Law 23/2007, of July 4; € 532.70
Issuance of a residence permit for the investment activity, in accordance with article 90-A of Law no. 23/2007, of July 4; € 5324,60
Renewal of a residence permit for the investment activity, pursuant to article 90-A of Law no. 23/2007, of July 4; € 2662,30
Residence permit for family reunited with the holders of residence permits for investment activity, in accordance with article 90-A of Law no. 23/2007, of July 4; € 5324,60
renewal of a residence permit for family members reunited with the holders of residence permits for investment activity, pursuant to article 90-A of Law no. 23/2007, of July 4; € 2662,30
issuance of a duplicate of the residence permit for the investment activity – 50% of the value of the fee provided for in item 1; € 266.40
issuance of a third and successive residence permit for the investment activity – 100% of the value of the fee provided for in item 1; € 532.70
replacement of the residence permit for the investment activity, by changing the elements € 133,30

 

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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