Portugal’s golden visa program, which generated over 2 billion euros seems to be on a decline. Foreign investors can get residency in Portugal, provided they buy a property worth 500,000 euros.
According to the statistics SEF Portugal immigration office, only 80 ARI residence permits were issued in August 2016 under golden visa scheme.
Analysing the 3 month statistics (May – Aug 16),
- 3452 residence permits issued in May,
- 3609 in June,
- 3715 in July ,
- 3795 Aug of the year 2016.
Now we subtract the differences in totals to evaluate monthly totals.
| Month | Residence permits issued |
| June ’16 | 157 |
| July ’16 | 106 |
| Aug ’16 | 80 |
These latest statistics of the month August until 31 st, also show only 45 chinese, 9 Brazilians, 1 Russian, 10 South africans, 2 lebanese granted golden visa in one month period.
Chinese are the majority investors in golden visa scheme, which catapulted golden visa scheme a great success!
It is not entirely known what is causing the decline, and few reasons one could speculate, rising property prices in Portugal, or a brexit fallout.
We assist clients with golden visa scheme in Portugal. Please contact our team.
