Portugal’s Golden Visa Property Investment reaches €3 billion euros

Portugal Golden visa program investment has reached 3 billion euros by foreigners purchasing a real estate  and applying for ‘Golden visa’ in Portugal.

Portugal’s golden visa program is one of the most popular and successful golden visa programs in Europe with minimum property investment requiring EUR 350,000 (outside Lisbon) and EUR 500,000 (in Lisbon). Property buyers issued  residence permits, enjoy free movement in the Schengen area.

According to the latest 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/EEE 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

Sources:

 





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Balakrishnan Prabhu

Mr. Balakrishnan Prabhu is the founder of Corpocrat magazine. He is also the founder of Best Citizenships (BC), assisting wealthy individuals with with global citizenship and residency programs in Europe. His other interests are Linux, Machine learning, Wordpress, etc. You can contact him here